 and ₹392.90 on the Bombay Stock Exchange (BSE), significantly above its issue price of ₹283.){kind=link}
DAM Capital Advisors Ltd made an impressive debut on the Indian stock exchanges on December 27, 2024, with its shares listing at a 38.87% premium over the issue price.
The stock opened at ₹393 on the National Stock Exchange (NSE) and ₹392.90 on the Bombay Stock Exchange (BSE), significantly above its issue price of ₹283.
The initial public offering (IPO), which raised ₹840.25 crore through an offer for sale (OFS), had received overwhelming investor interest, with an overall subscription of 81.88 times. The demand was fueled by strong fundamentals and market confidence in the company’s growth potential.
Strong Market Performance
After the listing, DAM Capital’s shares continued their upward momentum, hitting a high of ₹456.90, a substantial 61.44% increase from the issue price. The robust performance underscores investor confidence in the company’s ability to deliver sustained growth and profitability in the highly competitive investment banking space.
About DAM Capital Advisors
DAM Capital Advisors is a leading investment bank in India, offering a diverse range of financial services. These include:
- Equity capital markets advisory
- Mergers and acquisitions (M&A)
- Private equity and structured finance advisory
- Institutional equities broking and research
With a proven track record in the financial sector, the company is well-positioned to capitalize on India’s growing capital markets.
IPO Highlights
The DAM Capital IPO stood out for its remarkable reception:
- Price Band: The IPO was priced at ₹270-₹283 per share.
- Size: The offer for sale involved 2.97 crore shares, raising a total of ₹840.25 crore.
- Investor Interest: The IPO was oversubscribed across all categories, with Qualified Institutional Buyers (QIBs) and High Net Worth Individuals (HNIs) leading the demand.
What’s Next?
Industry analysts expect DAM Capital Advisors to maintain its growth trajectory, leveraging its robust market position and expertise. The successful listing further strengthens the company’s capital base, enabling it to expand its service offerings and solidify its presence in the financial sector.
Conclusion
DAM Capital’s stellar debut marks a significant milestone for the company and its stakeholders. With its shares trading at a premium and sustained investor confidence, the firm is set to become a key player in shaping India’s investment banking landscape.
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