DAM Capital Advisors IPO: ₹840 crore challenge closed after being subscribed 82 occasions, how can the itemizing be on December 27? – #INA

DAM Capital Advisors IPO: December 23 was the final day of the general public challenge of veteran funding banker Dharmesh Mehta-led DAM Capital Advisors. The IPO of Rs 840.25 crore has closed with 81.88 occasions subscription. The reserved portion for certified institutional consumers was stuffed 166.33 occasions, the reserved portion for non-institutional buyers was stuffed 98.47 occasions and the reserved portion for retail buyers was stuffed 26.8 occasions. The portion reserved for workers acquired subscription 40.09 occasions.

The IPO opened on 19 December. The value band was Rs 269-283 per share. Earlier than the opening of the IPO, the corporate raised Rs 251.48 crore from anchor buyers. The IPO had solely a suggestion on the market (OFS) of two.97 crore fairness shares. Dharmesh Anil Mehta, his spouse and their agency Boombucket Advisors maintain 45.88 per cent stake in DAM Capital Advisors as promoters. The remaining 54.12 p.c shares are held by Multiples Alternate Asset Administration, Narottam Satyanarayan Sekhsaria, RBL Financial institution, EasyAccess Monetary Companies.

Itemizing on twenty seventh December, what alerts from grey market

After the closing of the IPO, the allotment will likely be last on twenty fourth December and the itemizing of shares can occur on BSE, NSE on twenty seventh December. Within the grey market, DAM Capital Advisors shares are buying and selling at a premium of Rs 170 or 60.07% to the higher value band of Rs 283 of the IPO. On this foundation the share might be listed at Rs 453. The grey market is an unauthorized market the place shares of an organization commerce till its itemizing. The hyperlink for the IPO is Intime India, the registrar.

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Monetary place of DAM Capital Advisors

The corporate’s internet revenue elevated 8 occasions to Rs 70.5 crore within the monetary 12 months 2023-24. Income elevated by 112 p.c to Rs 180 crore. Within the first half of the present monetary 12 months 2025, April-September, the corporate recorded a income of Rs 107.8 crore and a internet revenue of Rs 43.8 crore.

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