DAM Capital Advisors IPO Allotment Finalized, Shares Set for Premium Listing

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The allotment status for DAM Capital Advisors’ Initial Public Offering (IPO) was finalized today, December 24, 2024.

Investors who participated in the IPO can now check their allotment status through various online portals, including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and the registrar’s website, Link Intime India.

How to Check Allotment Status

1. Through the BSE Website: Investors can visit the BSE IPO allotment page, select “Equity” as the issue type, choose “DAM Capital Advisors,” and enter their application number or PAN to view the allotment status.
2. Through the NSE Website: Investors can use the NSE IPO bid verification page, register or log in, and enter the application number to check their allotment.
3. Through Link Intime India’s Website: The registrar’s dedicated IPO allotment page allows users to check the status using their application number, DP/Client ID, or PAN.

Expected Listing Premium

The shares of DAM Capital Advisors are scheduled to list on the BSE and NSE on December 27, 2024. According to grey market trends, the shares are expected to debut at a premium of approximately ₹170 over the upper price band of ₹283, potentially listing around ₹453. This anticipated premium reflects strong investor confidence in the company’s growth potential.

A Successful Allotment

DAM Capital Advisors’ IPO has been hailed as a success, with the issue being oversubscribed multiple times across various investor categories.

Retail investors, in particular, showed strong interest, resulting in an oversubscription of over 15 times in this segment alone. Institutional and non-institutional investors also contributed significantly, underscoring the company’s market appeal.

The funds raised through this IPO will be utilized to strengthen DAM Capital Advisors’ operational capabilities and explore new business opportunities. The robust subscription numbers and anticipated premium listing underscore the market’s confidence in the company’s vision and execution.

Key Dates

• Allotment Finalized: December 24, 2024
• Refunds Initiated: December 25, 2024
• Shares Credited to Demat Accounts: December 26, 2024
• Listing Date: December 27, 2024

Stay tuned for the listing event, which is expected to be a highlight of the year-end trading season. For investors, this is an opportunity to celebrate another successful IPO in India’s vibrant equity market.

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