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Unlisted shares of DAM Capital Advisors Ltd are trading at Rs 463 in the grey market, mirroring a costs of Rs 180 (63.6%) over the top rate band of Rs 283.
DAM Capital Advisors IPO.
DAM Capital Advisors IPO: The going public of residential financial investment financial institution DAM Capital Advisors, which was opened up on Thursday, is seeing the 2nd day of bidding process onFriday The Rs 840.25-crore IPO was totally subscribed within the 3 hours of bidding process onThursday Till 5:00 pm on the 2nd day of bidding process on Friday, the IPO got a 7.08 times registration, amassing quotes for 14,72,48,469 shares as versus 2,08,04,632 shares available.
So much, the retail classification has actually obtained a 9.12 times registration, while the non-institutional classification (NII) obtained a 11.54 times registration. The QIB classification has actually obtained a 6 percent registration.
The rate band for the offering has actually been evaluated Rs 269 to Rs 283 per share.
DAM Capital Advisors IPO: Key Dates
Closing Date: December 23 (Monday)
Allotment Finalisation: December 24
Listing on BSE and NSE: December 27 (Friday)
DAM Capital Advisors IPO GMP Today
As per market onlookers, the unpublished shares of DAM Capital Advisors Ltd are trading at Rs 463 in the grey market, mirroring a costs of Rs 180 (63.6%) over the top rate band of Rs 283. This shows a possibly solid listing on December 27.
DAM Capital Advisors IPO: Analysts’ Recommendations
Most brokerage firm companies have actually offered a ‘subscribe’ score to the IPO for detailing gains.
Rajan Shinde, research study expert at Mehta Equities, stated, “DAM Capital Advisory Ltd has actually shown a solid market management, holding a 12.1 percent share in IPOs and QIPs in monetary 2024, with constant enhancement from 8.2 percent in monetary 2021. We assume effective implementation of high-value QIPs as a single lead supervisor additionally highlights its purchase management and flexibility to specialized items like buybacks, delisting, and open deals, satisfying progressing business demands.”
On the financials, the company delivered an impressive turnaround, with revenues growing by 112 per cent in FY24 after a degrowth of 9 per cent in FY 2023, while net profit surged by nearly 713 per cent in FY24 compared to a decline of 60 per cent in FY 2023, he said.
“We recommend investors to ‘subscribe’ the DAM Capital Advisory IPO for listing gain perspective only.”
Another broker agent company Choice in its IPO note stated that at the greater rate band of Rs 283, DAM Capital is looking for a P/E proportion of 28.4 x based upon its FY24 EPS of Rs 10, which is greater than the standard of its peers.
“Looking in advance, the desirable expectation for resources markets, enhanced capitalist involvement, and India’s standing as one of the fastest-growing economic situations are anticipated to profit the business in future. However, the high assessment being required elevates problems. Thus, we suggest an ‘subscribe for long term’ score for this problem,” Choice stated.
Another brokerage firm Bajaj Broking also granted a ‘subscribe for long term’ rating to the IPO.
Bajaj said, “DAM Capital Advisors Limited has a promising outlook, driven by its strong market position, diverse client base, and robust financial performance… The strong financial performance, with a total income of Rs 182 crore in FY24 and a net profit of Rs 70.52 crore, reflects the company’s solid valuation and growth potential.”
It likewise detailed some risks that may influence DAM Capital’s efficiency, that include market volatility, governing adjustments, extreme competitors, financial slumps, and technical interruptions.
DAM Capital Advisors IPO: More Details
The DAM Capital Advisors IPO is completely a market of 2.97 crore shares. Its rate band has actually been taken care of at Rs 269 to Rs 283 per share.
The minimal whole lot dimension for an application is 53. The minimal quantity of financial investment called for by retail capitalists is Rs 14,999. The minimal whole lot dimension financial investment for tiny NII is 14 great deals (742 shares), totaling up to Rs 2,09,986, and for huge NII, it is 67 great deals (3,551 shares), totaling up to Rs 10,04,933.
Nuvama Wealth Management Limited is guide running lead supervisor of the DAM Capital Advisors IPO, while Link Intime India Private Ltd is the registrar for the problem.
