DAM Capital Advisors IPO
DAM Capital Advisors Limited (DAMCAPITAL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 27 December 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +61.8% (likely range +28% to +83%), day's high +63.0%, chance of a gain 95%. Actual: +38.9% at the open, +61.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 59,24,182 | 98,53,97,571 | 166x | |
| NII (HNI) total | 44,43,135 | 43,81,99,866 | 98.6x | |
| Big NII (above ₹10 lakh) | 29,62,090 | 30,27,46,653 | 102x | |
| Small NII (₹2-10 lakh) | 14,81,045 | 13,54,53,213 | 91.5x | |
| Retail | 1,03,67,315 | 28,12,50,118 | 27.1x | |
| Employees | 70,000 | 28,38,574 | 40.6x | |
| Total | 2,08,04,632 | 1,70,76,86,129 | 82.1x |
Bids on NSE and BSE together, as published by NSE, as of 23 Dec 2024, 07:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to DAM Capital Advisors's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Azad EngineeringDec 2023 | 180x | 87.6x | 23.8x | 80.7x | ₹751 Cr | +37.4% | +38.7% |
| SanstarJul 2024 | 146x | 136x | 24.2x | 83.0x | ₹510 Cr | +14.7% | +35.6% |
| Enviro Infra EngineersNov 2024 | 157x | 154x | 24.5x | 89.9x | ₹650 Cr | +48.6% | +57.9% |
| Interarch Building ProductsAug 2024 | 205x | 128x | 19.1x | 93.5x | ₹595 Cr | +44.3% | +46.1% |
| Netweb Technologies IndiaJul 2023 | 229x | 81.8x | 19.2x | 90.4x | ₹625 Cr | +89.4% | +90.4% |
| EMSSep 2023 | 153x | 82.3x | 29.8x | 75.3x | ₹322 Cr | +33.7% | +37.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nuvama Wealth Management | 35 | +11.9% | 66% |
Offer documents (NSE)
Frequently asked
What is the DAM Capital Advisors IPO price band and lot size? ₹269–283 per share, with a lot of 53 shares, so the smallest retail bid is ₹14,999.
How many times has it been subscribed? 82.1x overall: QIB 166x, NII 98.6x, retail 27.1x, employees 40.6x.
How did it list? It opened at ₹393, +38.9% against the issue price of ₹283, and closed its first day +46.7%.
