Dam Capital IPO GMP: After the end of the bidding process of Dam Capital Advisor’s IPO, there is now preparation for trading in the stock market from December 27. The shares of this company are trading much above the upper price band in the gray market. With this, investors are expecting huge returns. This stock can make investors rich in the long term also.
After the public issue of Dam Capital Advisors from 19th December to 23rd December, investors are eagerly waiting for the trading of this company in the stock market from 27th December. Its gray market premium is running at Rs 155. Due to this, its shares are expected to be listed at the rate of Rs 438 per share. In such a situation, it may rise by 54.77 percent from the upper price band of IPO of Rs 283.
Allotment of shares was finalized on 24th December
The allotment of shares of Dam Capital Advisors IPO was finalized on 24 December. Updates about the allotment of its shares can be taken on the website of BSE or Link Intime India Private Limited. Dam Capital is preparing to raise Rs 840 crore 25 lakh through offer for sale of its 2 crore 97 lakh equity shares.
IPO closed with 81.88 times subscription
Dam Capital’s IPO closed on December 23 with a total subscription of 81.88 times. In the case of retail investors it is 26.8 times, in the case of qualified institutional buyers it is 166.33 times and in the case of non-institutional investors it is 98.47 times. Link Intime India Private Limited is playing the role of registrar in this. Nuvama Wealth Management has acted as the book running lead manager to the IPO of Dam Capital Advisors.
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