DAM Capital Advisors IPO Anchor Allocation at 29.93%

DAM Capital Advisors IPO saw a significant anchor allocation response, with 29.93% of the total IPO size subscribed by anchor investors. Out of the 296,90,900 shares on offer, anchors picked up 88,86,268 shares, demonstrating strong market confidence. The anchor allocation details were reported to the stock exchanges on December 18, 2024, just ahead of the IPO opening on December 19, 2024.

The book-built issue of ₹840.25 crores is entirely an offer for sale of 296,90,900 shares. The price band is set at ₹269 to ₹283 per share, with a face value of ₹2 per share. This includes a share premium of ₹281 per share at the upper end of the price band.

The anchor allocation process, which took place on December 18, 2024, saw strong participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹283 per share, indicating robust demand and confidence in the company's prospects.

After the anchor allocation, the overall allocation of the IPO looks as follows:

The lock-in period for anchor investors is an important aspect of the allocation. For DAM Capital IPO, the lock-in details are as follows:

• Lock-in Period (50% Shares): January 23, 2025 
• Lock-in Period (Remaining Shares): March 24, 2025

This lock-in period ensures that anchor investors maintain their investments for a specified duration, stabilizing the stock price after listing.
 

Anchor Investors in  DAM Capital IPO

Anchor investors are typically large institutional investors allotted shares in an IPO before it opens to the public. The anchor allocation process is a crucial part of the IPO, as it helps in price discovery and builds confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and can influence the overall subscription levels.

On December 18, 2024, DAM Capital Advisors IPO completed the bidding for its anchor allocation. There was a robust response as the anchor investors participated in the book-building process. A total of 88,86,268 shares were allotted to 33 anchor investors. The allocation was done at the upper IPO price band of ₹283 per share, resulting in an overall anchor allocation of ₹251.48 crore. The anchors have already absorbed 29.93% of the total issue size of ₹840.25 crore, indicating strong institutional demand.

Out of the total allocation of 88,86,268 equity shares to the Anchor Investors, 34,53,574 equity shares (i.e., 38.86% of the total allocation) were allocated to 10 domestic mutual funds through 18 schemes.

Key IPO Details:

• IPO Size: ₹840.25 crores Shares 
• Allocated to Anchors: 88,86,268 
• Anchor Subscription Percentage: 29.93% 
• Listing Date: December 27, 2024 
• IPO Opening Date: December 19, 2024
   

About DAM Capital Advisors Limited and How to Apply for DAM Capital IPO 

DAM Capital Advisors Limited is an investment bank in India that started its journey in 1993. The company offers financial solutions in investment banking including equity capital markets, mergers and acquisitions, private equity, and structured finance advisory, as well as institutional equities comprising broking and research. Since November 2019, the company has successfully executed 72 ECM transactions and advised on 23 advisory transactions. As of October 31, 2024, the company had a team of 121 employees across all businesses and has provided services to 263 active clients including registered FPIs across multiple geographies.