DAM Capital Advisors IPO Listing: Stellar Debut, Investors Make 38% Gains Overnight

DAM Capital Advisors debuted on the Indian stock market on Friday, December 27, 2024, at Rs 392.90, showing a significant 38.83% premium over its issue price of Rs 283.

DAM Capital Advisors Stock Listing at Premium
The stock continued its upward trajectory, trading at Rs 417.80 at 1:30 PM IST, a rise of 24.90 (+6.34%) from its opening price, with a 47.70% premium to the issue price.

DAM Capital Advisors Intraday Highs and Lows
The stock reached an intraday high of Rs 456.90 and a low of Rs 392.90, reflecting strong market demand on its first day of trading.

DAM Capital Advisors IPO Details and Strong Subscription
The Rs 840.25 crore IPO of DAM Capital Advisors opened for subscription on December 19 and closed on December 23. The offer, entirely an Offer for Sale (OFS) of 2.97 crore shares, was subscribed an impressive 82.08 times.

DAM Capital Advisors IPO Price Band 
The price band for the IPO was set between Rs 269 and Rs 283 per share.

DAM Capital Advisors Lot Size
Retail investors could apply with a minimum lot size of 53 shares, requiring an investment of Rs 14,999. For small non-institutional investors (sNII), the minimum was 14 lots (742 shares), amounting to Rs 2,09,986. For large non-institutional investors (bNII), the minimum was 67 lots (3,551 shares), requiring Rs 10,04,933.

DAM Capital Advisors Managers
Nuvama Wealth Management Limited acted as the book-running lead manager for the IPO, while Link Intime India Private Ltd served as the registrar.