The much-anticipated DAM Capital IPO allotment status is set to be finalized today, December 24, 2024. With an overwhelming response from investors, this Rs 840-crore IPO has garnered significant attention in the market. Let’s dive into all the crucial details you need to know about the IPO allotment, grey market premium (GMP), and the likely listing price.
Key Highlights of DAM Capital IPO
- Issue Size: Rs 840 crore
- Price Band: Rs 269-283 per share
- Lot Size: 53 shares
- Subscription Period: Closed on December 23, 2024
- Oversubscription: A staggering 82.08 times
Subscription Details: Who Showed the Most Interest?
The DAM Capital IPO witnessed remarkable demand across various investor categories:
- Qualified Institutional Buyers (QIBs): Subscribed 166.33 times their reserved quota—clearly leading the charge.
- Non-Institutional Investors (NIIs): Bids reached 98.62 times the allocated shares.
- Retail Individual Investors (RIIs): Subscribed 27.13 times their quota.
- Employee Reservation: Oversubscribed 40.55 times.
In total, the IPO received bids for a whopping 1,70,76,86,129 shares against the 2,08,04,632 shares available. Impressive, right?
How to Check DAM Capital IPO Allotment Status
Excited to know if you got lucky? You can easily check your DAM Capital IPO allotment status using the following methods:
- BSE Website:
- Visit BSE IPO Allotment Page.
- Enter your application number and PAN.
- Click “Search” to view your allotment details.
- Link Intime India:
- Go to Link Intime India’s Portal.
- Provide your application details.
- Check your allotment status.
- NSE Website:
- Log in to NSE IPO Allotment Page.
- Fill in the required details and view your allotment status.
DAM Capital IPO Grey Market Premium (GMP)
The grey market is buzzing with activity around the DAM Capital IPO allotment status. As of now, the shares are trading at Rs 453 in the grey market. This indicates a premium of Rs 170 or 60.07% over the upper price band of Rs 283. Based on this trend, the shares are expected to list around Rs 453 on the stock exchanges. However, remember that GMP is speculative and doesn’t guarantee actual listing performance.
DAM Capital IPO Listing Schedule
Mark your calendars! The company’s shares are set to debut on both the BSE and NSE on December 27, 2024. Investors are eagerly waiting to see how the stock performs on its listing day.
About DAM Capital Advisors
DAM Capital Advisors is a prominent Indian investment bank offering a wide array of financial services. Here’s a quick overview of their expertise:
- Equity Capital Markets (ECM): Helping businesses raise capital efficiently.
- Mergers and Acquisitions (M&A): Facilitating strategic partnerships and transactions.
- Private Equity (PE) Advisory: Providing guidance on private equity investments.
- Structured Finance Advisory: Tailored solutions for complex financial requirements.
- Institutional Equities: Broking and research services to institutional investors.
What to Expect on Listing Day?
While the grey market trends suggest a robust listing, it’s essential to approach with caution. The stock could list at a premium, offering up to 60% returns on the upper price band. However, market dynamics and investor sentiment on listing day could influence the actual performance.
Read More: 21/12/2024: Dal Lake’s Frozen Charm and Latest Highlights
Conclusion
The DAM Capital IPO allotment status has already created a buzz, and the listing day promises to be an exciting event for investors. With a strong GMP and oversubscription across categories, the IPO reflects the market’s confidence in DAM Capital Advisors. Whether you’re checking your allotment status or planning your next investment move, stay informed and make calculated decisions.
