The public issue of DAM Capital Advisors Limited, led by veteran investment banker Dharmesh Mehta, has concluded with an impressive response. This IPO, valued at ₹840.25 crore, closed on December 23, 2024, after being subscribed 81.88 times overall. With allotment finalization expected today, December 24, 2024, investors are keenly watching for updates.
Let’s delve into the subscription details, gray market premium (GMP) trends, and how you can check your allotment status.
Strong Subscription Reflects High Demand
The DAM Capital IPO garnered significant interest across investor categories:
- Qualified Institutional Buyers (QIB): Subscribed 166.33 times.
- Non-Institutional Investors (NII): Subscribed 98.47 times.
- Retail Investors: Subscribed 26.8 times.
- Employee Reserved Portion: Subscribed 40.09 times.
The overwhelming subscription numbers indicate strong investor confidence in the company’s growth potential and market positioning.
Gray Market Premium (GMP) Indicates Positive Listing Prospects
The GMP for DAM Capital shares is trending at ₹170, a 60.07% premium over the upper IPO price band of ₹283. This suggests an estimated listing price of ₹453 per share, reflecting optimistic market sentiment. GMP is a valuable, albeit unofficial, indicator of potential listing gains.
How to Check DAM Capital IPO Allotment Status
Investors can check their allotment status via two primary methods: the BSE website and the registrar’s portal.
Option 1: Check Allotment on the BSE Website
- Visit the official BSE website at bseindia.com.
- Select the Equity option.
- From the dropdown, choose “DAM Capital Advisors Limited.”
- Enter your application number and PAN (Permanent Account Number).
- Click the Search button to view your allotment status.
Option 2: Check Allotment on the Registrar’s Website
Link Intime India, the IPO registrar, provides another way to check your status:
- Go to linkintime.co.in.
- Select “DAM Capital Advisors Limited” from the dropdown menu.
- Enter your PAN, application number, or depository/client ID.
- Complete the captcha and click the Search button.
- Your allotment details will appear on the screen.
Key Dates to Remember
- Allotment Finalization: December 24, 2024
- Refund Initiation: December 25, 2024
- Demat Credit: December 26, 2024
- Listing Date: December 27, 2024
DAM Capital’s Financial Performance
DAM Capital has shown remarkable growth:
- Net Profit: Increased eightfold to ₹70.5 crore in FY 2023-24.
- Revenue: Grew by 112% to ₹180 crore.
- H1 FY 2025: Revenue of ₹107.8 crore and net profit of ₹43.8 crore.
This strong financial performance has significantly boosted investor confidence.
Key Strengths of DAM Capital Advisors
- Fast-Growing Merchant Bank: One of India’s most rapidly expanding merchant banks.
- Experienced Leadership: Helmed by Dharmesh Mehta with a strong management team.
- Comprehensive Institutional Platform: Offers extensive research and execution capabilities.
- Proven Track Record: Demonstrated consistent revenue growth and profitability.
- Sector Expertise: Deep understanding of sectors and financial products.
Risks Associated with the Company
Despite its strengths, investors should consider potential risks:
- Economic Slowdowns: Global or domestic downturns could impact performance.
- Stock Broking Losses: Past losses and fee reductions in this segment remain concerns.
- Regulatory Risks: Operating in a heavily regulated environment may pose challenges.
- Intense Competition: Facing competition from established players in the market.
GMP Trends and Investor Takeaway
The gray market activity for DAM Capital shares reflects strong optimism. While GMP trends offer valuable insights, they are speculative and not guaranteed predictors of listing-day performance. Investors should remain cautious and focus on the company’s fundamentals.
Stay updated as the allotment is finalized today, and prepare for the listing on December 27, 2024, which is expected to generate significant excitement in the market.
