• Source:JND
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DAM Capital Share Price: The shares of DAM Capital Advisors made a decent debut at a premium of 39 per cent on Friday. DAM Capital's share price is listed at Rs 393 per share on the NSE, registering a premium of 39 per cent over the IPO price of Rs 283 per share. The listing of DAM Capital shares, however, remained slightly low as compared to grey market estimates. The IPO was oversubscribed 81.88 times.

The Shares of DAM Capital started the trade at Rs 392.90, a gain of 38.83 per cent on the BSE and later the newly listed stock surged 61.44 per cent to touch the level of Rs 456.90 per share. Meanwhile, at the NSE, the shares of the company were listed at Rs 393, registering a listing premium of 38.86 per cent. 

DAM Capital Advisors, successfully raised Rs 840 crore through its initial public offering (IPO), which closed on December 23. The IPO was an entire OFS issue by existing shareholders, including the promoter and anchor investors.

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The offer witnessed strong investor appetite, led by qualified institutional buyers, who subscribed 166.33 times their allotted quota. Non-institutional investors followed with 98.47 times subscription, while retail investors subscribed 12.45 times, again reflecting a broad participation base across investor categories.

At the upper end of the price band in the IPO, a promoter and investors are limited to the sale (OFS) of 2.97 crore shares valued at Rs 840.25 crore. Since the entire issue was OFS, all the proceeds from the IPO would go directly to the selling shareholders, not the company.

The company said in its draft documents that it plans to go public to take advantage of listing shares on the stock exchange and allow shareholders to sell their shares through OFS.

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