DAM Capital Advisors' IPO sees massive demand, 12.22 times oversubscribed, priced between ₹269-283.

DAM Capital Advisors' IPO, which opened on December 19 and closes on December 23, has been heavily oversubscribed, 12.22 times the offer. The company, which provides investment banking services including mergers and acquisitions and equity capital markets, is targeting a market cap of Rs 2,000 crore. The IPO price band is set between ₹269-283, with a fully priced P/E ratio of 22.8x for FY25. Unlisted shares traded at Rs 160, and the Grey Market Premium is 55% above the upper price band.

3 months ago
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