DAM Capital Advisors, one of India’s fastest-growing investment banks, is offering its IPO with an issue size of ₹840.25 Crores through an Offer for Sale (OFS) of 2.97 Crores shares. The IPO opens on December 19, 2024, and closes on December 23, 2024. The allotment is expected to be finalized on December 24, 2024, with the shares listing on the BSE and NSE on December 27, 2024. The price band for the IPO has been set between ₹269 and ₹283 per equity share, with a market capitalization of ₹2,000.41 Crores at the upper end of the price band.

IPO Subscription and Key Dates

The subscription period for the DAM Capital Advisors IPO runs from December 19 to December 23, 2024, with the allotment process taking place on December 24, 2024. The shares are expected to list on the BSE and NSE on December 27, 2024. The IPO lot size is 53 shares, with retail investors required to invest a minimum of ₹14,999. High-Net-Worth Individuals (HNIs) need to invest in at least 14 lots, which amounts to ₹2,09,986 for 742 shares.

Financial Performance and IPO Valuation

DAM Capital Advisors has shown strong growth, with significant revenue increases in recent years. For the fiscal year ending September 30, 2024, the company reported ₹1,077.52 million in revenues, and ₹437.80 million in profit after tax. For FY24, the EBITDA stood at ₹623.59 million, demonstrating robust profitability.

The pre-issue and post-issue Earnings Per Share (EPS) stand at ₹9.98, with a P/E ratio of 28.36x (pre-issue) and 28.37x (post-issue). This valuation is slightly higher than the industry P/E ratio of 24x, suggesting that the IPO is fairly priced given the company’s strong performance. With an ROCE of 72.7% and ROE of 58.72% for FY24, the company demonstrates excellent return ratios, making it an attractive option for investors.

Grey Market Premium (GMP) and Market Expectations

The Grey Market Premium (GMP) for the DAM Capital Advisors IPO is currently ₹80, indicating a potential listing gain of 28.27%. It is important to note that the GMP is a non-official indicator and does not guarantee actual listing price movements. GMP is determined by the unregulated demand and supply of shares before the official listing, and while it offers a glimpse into market sentiment, actual price discovery occurs on the stock exchange post-listing. The GMP should be viewed for informational purposes only.

DAM Capital Advisors IPO Anchor Investors

DAM Capital Advisors raised ₹251.48 Crores from anchor investors at ₹283 per share, allocating 88,86,268 equity shares. These investors include prominent institutional players, further reinforcing the market confidence in the company.

Objectives of the DAM Capital Advisors IPO

The company will not receive any proceeds from the Offer for Sale, as these funds will go directly to the selling shareholders. These shareholders will retain the proceeds after deducting the relevant taxes and offering expenses.

DAM Capital Advisors IPO Allotment Status and How to Check

To check the DAM Capital Advisors IPO allotment status:

1. Go to the IPO allotment status page.
2. Select DAM Capital Advisors IPO from the dropdown list.
3. Enter your application number, PAN, or DP Client ID.
4. Submit the details to see if you have been allotted shares.

The Upcoming IPOs in this week and coming weeks are Solar91 Cleantech, Anya Polytech, Rosmerta Digital, Indo Farm, and Avanse Financial. The Current active IPO is Unimech Aerospace, Ventive Hospitality, Senores Pharmaceuticals, Carraro India, Transrail Lighting, Mamata Machinery, DAM Capital, Sanathan Textiles, Concord Enviro and Newmalayan Steel. For more details on upcoming IPOs, you can visit our page at  and stay updated with the latest news on IPO updates on . Join our  for regular Stock Market Trading and Investment Calls by  - SEBI Registered Research Analyst &  for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance SaathiTop News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance SaathiTrading with CA Abhay Telegram ChannelCA Abhay VarnFinance Saathi Telegram ChannelChoice Broking FinX.