DAM Capital Advisors IPO - Day 3 Subscription at 15.24 Times

The final day of DAM Capital Advisors' initial public offering has concluded with exceptional success, reaching an overall subscription of 15.24 times by 11:49 AM on December 23, 2024. This impressive performance demonstrates overwhelming market confidence in the company's investment banking and financial services capabilities, with particularly strong responses across all investor categories.

DAM Capital Advisors IPO Non-Institutional Investors, have shown extraordinary conviction with 30.49 subscriptions, with smaller NIIs reaching an impressive 35.64 times and larger NIIs at 27.91 times. The retail segment has maintained strong enthusiasm with 14.02 times subscription, while employee participation at 20.09 times reflects significant internal confidence. The QIB portion has concluded strongly at 5.88 times, complementing the substantial anchor book of ₹251.48 crores.
 

Subscription Status of DAM Capital Advisors IPO:

*As of 11:49 AM

Here are the subscription details for DAM Capital Advisors IPO as of Day 3 (23rd December 2024, 11:49 AM):

Total Applications: 29,12,124

DAM Capital Advisors IPO Key Highlights Day 3:

• Overall subscription soared to an exceptional 15.24 times, demonstrating remarkable market confidence
• NII category showed extraordinary interest with 30.49 times subscription, worth ₹3,833.76 crores
• Retail investors maintained strong momentum with 14.02 times subscription, mobilizing ₹4,111.96 crores
• Employee participation reached impressive 20.09 times, indicating strong internal confidence
• QIB portion concluded robustly at 5.88 times, worth ₹986.36 crores
• Total bids received for 31.70 crore shares worth ₹8,971.89 crores
• Applications reached 29,12,124, showing widespread market interest
• Final day response reflected exceptional confidence in investment banking sector

DAM Capital Advisors IPO - Day 2 Subscription at 7.10 Times

Key Highlights Day 2:

• Overall subscription strengthened to 7.10 times, showing strong momentum
• NII category demonstrated significant improvement to 11.56 times
• Retail investors showed growing confidence with 9.16 times subscription
• Employee participation increased to 13.42 times
• Day two response indicated building market enthusiasm
• Strong improvement across all investor categories
• Subscription trend suggested robust investor appetite
• Pattern showed accelerating market confidence

DAM Capital Advisors IPO - Day 1 Subscription at 2.79 Times

Key Highlights Day 1:

• Overall subscription began strongly at 2.79 times
• NII category showed early interest with 3.74 times subscription
• Retail investors demonstrated initial confidence with 3.95 times
• Employee portion started impressively at 6.28 times
• Opening day response reflected positive market sentiment
• Strong initial participation indicated brand recognition
• First-day momentum suggested promising investor interest
• Pattern established solid foundation for growth

About DAM Capital Advisors Limited:

Established in 1993 and rebranded as DAM Capital Advisors in 2020, the company has evolved into a comprehensive investment banking institution. Their service portfolio spans two key segments: investment banking (including equity capital markets, M&A, private equity, and structured finance advisory) and institutional equities (comprising broking and research).

Their track record is impressive, having successfully executed 72 ECM transactions and 23 advisory transactions since November 2019. With 121 employees, including 29 in research and 34 in broking, they serve 263 active clients across major global financial centers. Their financial performance has been particularly strong, achieving 114% revenue growth and 713% PAT increase between FY2023 and FY2024, highlighting their growing market presence in India's financial services sector.

Highlights of the DAM Capital Advisors IPO:

• IPO type: Book Built Issue
• IPO size: ₹840.25 crores
• Offer for Sale: 2.97 crore shares
• Face value: ₹2 per share
• Price band: ₹269 to ₹283 per share
• Lot size: 53 shares
• Minimum investment for retail investors: ₹14,999
• Minimum investment for sNII: ₹2,09,986 (14 lots)
• Minimum investment for bNII: ₹10,04,933 (67 lots)
• Employee reservation: 70,000 shares
• Listing at: BSE, NSE
• IPO opens: December 19, 2024
• IPO closes: December 23, 2024
• Allotment date: December 24, 2024
• Refund initiation: December 26, 2024
• Credit of shares: December 26, 2024
• Listing date: December 27, 2024
• Lead Manager: Nuvama Wealth Management Limited
• Registrar: Link Intime India Private Ltd

The initial day's subscription pattern suggests a thoughtful market approach to evaluating DAM Capital's strong position in investment banking and its potential to capitalize on India's growing capital markets opportunities.