Dam Capital Advisors IPO Day 3: Check GMP, Subscription Status, Price Band, Key Dates

Dam Capital Advisors has come up with an initial public offering (IPO) and today is its third and last day of bidding.

The company opened its IPO for public subscription on December 19 and will close on Monday, December 23.

Today is the last day to apply for the DAM Capital Advisors IPO.

Details

The initial public offering is worth ₹840.25 crores and is entirely an offer for sale (OFS) of a total of 2.97 crore shares.

The IPO has seen strong demand and has been oversubscribed.

The issue was subscribes for a total of 12 times on Day 3.

Price Band

The price band has been set between ₹269 to ₹283 per share.

GMP

The grey market premium (GMP) of the IPO is showing a positive trend as the stock is led by a strong demand. The unlisted shares of the company were trading at ₹160 per share in the unofficial market on Monday. This reflects a GMP of 55 per cent as opposed to the upper end of the price band of ₹283.

More About The DAM Capital Advisors IPO

DAM Capital is an investment bank in India which offers a comprehensive suite of financial solutions. Its investment banking services includes equity capital markets, mergers and acquisitions, private equity, and structured financial advisory.

The company also provides institutional equities services, including brokerage and research capabilities.

Key Dates

The allotment for the DAM Capital Advisors IPO is expected to be finalized on December 24, and the shares are likely to list on both the BSE and NSE platforms on December 27.