DAM Capital Advisors made a great debut in the stock market. The company’s shares were listed at Rs 393 on the National Stock Exchange (NSE) and Rs 392.90 on the Bombay Stock Exchange (BSE). This was at a premium of 38.87% and 38.83% to the company’s issue price of Rs 283.
- Public issue size:
The total size of the IPO of DAM Capital Advisors was Rs 840.25 crore. - Opening and Closing:
The IPO opened on 19 December and remained available for subscription till 23 December.
Strong rise after listing
Immediately after the listing, there was a strong rise in the company’s shares.
- On BSE:
Shares rose more than 15% to Rs 456.90. - On NSE:
Similarly, the share price on NSE also reached Rs 456.90.
Change in promoters’ stake
- Before IPO:
The promoters’ stake in the company was 45.88%. - After IPO:
It came down to 41.5%. - Major Promoters:
- Dharmesh Anil Mehta
- Sonali Dharmesh Mehta
- Boombucket Advisors Pvt Ltd
Great response to IPO
DAM Capital Advisors’ IPO received an overwhelming response from investors.
- Total Subscription:
The IPO was subscribed 81.88 times. - Category wise subscription:
- Retail investors: 26.8 times.
- Employees: 40.09 times.
- Non-Institutional Investors (NII): 98.47 times.
- Qualified Institutional Buyers (QIBs): 166.33 times.
Rules and lot size of investment in IPO
- Lot Size:
- There were 53 shares in one lot.
- Minimum Investment:
- Retail investors had to invest a minimum of Rs 14,999.
- Maximum Lot:
- A retail investor could bid for a maximum of 13 lots.
DAM Capital Advisors: Strong hold in the stock market
- Market hold:
The spectacular listing and investor interest have given the company a strong start in the stock market. - future prospects:
The company’s performance and investor confidence indicate the possibility of taking it to greater heights in the future.
