DAM Capital Advisors IPO Allotment Status: Check Allotment Status Online on BSE, NSE & Link Intime India
DAM Capital Advisors, a leading investment bank in India, held a significant 12.1% market share in Fiscal 2024, measured by the number of IPOs and QIPs it managed as the book-running lead manager. The company launched its initial public offering (IPO) on December 19, 2024, with the bidding period concluding today, December 23, 2024.
IPO Details
DAM Capital Advisors' IPO is a book-built issue valued at ₹840.25 crores, consisting entirely of an offer for sale of 2.97 crore shares. The bidding period for the IPO began on December 19, 2024, and ended on December 23, 2024. The price band was set at ₹269 to ₹283 per share. The allotment of shares was finalized on Tuesday, December 24, 2024, with the IPO expected to list on BSE and NSE on Friday, December 27, 2024. Nuvama Wealth Management Limited served as the book-running lead manager for the IPO, while Link Intime India Private Ltd acted as the registrar for the issue.
Use of Proceeds
The company will not receive any proceeds from the offer, as it will all go to the Selling Shareholders because it is an OFS.
Checking the Allotment Status
Steps to Check Allotment Status on BSE
- Visit the IPO allotment page on the BSE website here.
- Select the issue type as 'Equity.'
- Select 'DAM Capital Advisors’' from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Clear the 'Captcha' to verify that you are not a robot.
- Click on the 'Search' option to see your allotment status.
Steps to Check Allotment Status on NSE
- Visit NSE’s IPO bid verification page here.
- Register on the website if you are a new user.
- Select ‘DAM Capital Advisors.
- Enter details such as your application number.
- Click on ‘Get Data’.
Steps to Check Allotment Status on Link Intime India
- Visit the link.
- From the list of available IPOs, select ‘DAM Capital Advisors’.
- You may be required to select one of the four modes: application number, DP /Client ID, PAN, or Account number/IFSC.
- Click on "Submit" to view your allotment status.
DAM Capital Advisors Business Overview
DAM Capital Advisors Limited is recognized as one of India’s fastest-growing investment banks, securing an impressive 12.1% market share in IPOs and Qualified Institutional Placements (QIPs) during the fiscal year 2024. Formed following the acquisition of IDFC Securities in 2019, the company offers a wide array of services, including investment banking—spanning equity capital markets, mergers and acquisitions (M&A), and private equity advisory—as well as institutional equities, which includes broking and research. Backed by a team of 115 professionals, many with over 18 years of industry experience, DAM Capital has successfully managed a range of transactions, completing 67 equity capital market deals and 20 advisory mandates since its establishment. Additionally, through its subsidiary, DAM Capital (USA) Inc., the company serves US institutional investors, further broadening its global presence and client reach.
IPO Day 3 Subscription Status
(December 23, 2024, End of Day)
On the third day of bidding, the DAM Capital Advisors IPO saw an overall subscription of 81.88 times the total shares on offer.
- Non-Institutional Investors (NIIs) subscribed 98.47 times their allotted portion.
- While Retail Investors subscribed 26.80 times the shares reserved for them.
- The Qualified Institutional Buyers (QIBs) segment recorded a subscription rate of 166.33 times.
- While the Employees' Category was subscribed 40.09 times.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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