Looking to invest in the stock market? DAM Capital’s upcoming Initial Public Offering (IPO) is making waves in the Indian capital markets. Known as one of the fastest-growing merchant banks in India, DAM Capital has built a strong reputation for its exceptional financial solutions and robust market presence. Here’s everything you need to know about this IPO:
About DAM Capital
DAM Capital stands out as a leading merchant bank in India, offering diverse services in merchant banking and institutional equities. Their expertise includes equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory. With a market share of 12.1% in Fiscal 2024 for IPOs and qualified institutional placements, they are a major player in the Indian capital markets.
Since November 2019, they have successfully completed 72 ECM transactions, including 27 IPOs, 16 QIPs, and several other financial solutions. Their institutional equities team supports 263 active clients globally, spanning India, the USA, UK, Europe, Hong Kong, Singapore, and more.
IPO Details
| Issue Period: | December 19, 2024, to December 23, 2024 |
| Price Band: | ₹269 to ₹283 per equity share |
| Bid Lot: | 53 equity shares and multiples thereafter |
| Issue Size: | ₹840.25 crore |
Break-up of Offer
| QIB: | ₹419.14 Cr (50% of the offer) |
| NIB: | ₹125.74 Cr (15% of the offer) |
| Retail Investors: | ₹293.40 Cr (35% of the offer) |
| Employee Reservation: | 70,000 equity shares worth ₹1.98 crore |
| Listing: | NSE and BSE |
| Registrar: | Link Intime India Private Limited |
Key Notes for Investors
Third-party UPI or ASBA bank account applications will be rejected.
Retail and NII bidders using UPI (up to ₹5,00,000) must accept mandates before 5:00 PM on the closing day of the IPO.
Why This IPO is Important
DAM Capital’s focus on the Indian capital markets, coupled with its proven track record of successful transactions, makes this IPO a significant opportunity. Whether you’re a seasoned investor or new to IPOs, this issue offers a chance to be part of a fast-evolving financial ecosystem.
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