DAM Capital Advisors IPO Last Day Today, Check GMP Before The Subscription Window Closes

DAM Capital Advisors IPO Allotment, GMP Today: The initial public offering (IPO) of domestic investment bank DAM Capital Advisors is set to close today. The Rs 840.25-crore IPO saw strong demand, with an 18.67x subscription recorded by the end of the second bidding day on Friday. By 12:39 PM on the final bidding day, the subscription had skyrocketed to 81.88x, with bids for 1,70,35,38,190 shares against the 2,08,04,632 shares available.

The retail investor category has so far been subscribed 26.8x, while the non-institutional investor (NII) category has reached 98.47x. The qualified institutional buyer (QIB) category leads the pack with an impressive 166.33x subscription.

The price band for the IPO is set at Rs 269 to Rs 283 per share.

Market observers report that the shares are commanding a grey market premium (GMP) of approximately 56%. According to Investorgain, the shares are trading at an unofficial premium of Rs 160 in the grey market, signaling a potential listing day gain of 56%.