DAM Capital Advisors IPO Live Updates / December 23, 2024 — The initial public offering (IPO) of DAM Capital Advisors Ltd has entered its final day of bidding today. The ₹840.25-crore IPO, which opened for subscription on December 19, will close today, December 23.
The IPO is entirely an offer for sale (OFS) of 2.97 crore shares. The issue has received overwhelming demand from investors and has been oversubscribed. The price band for the DAM Capital Advisors IPO is ₹269 to ₹283 per share.
Grey Market Premium (GMP) Shows Positive Trend
As the IPO enters its third and final day, the grey market premium (GMP) for DAM Capital Advisors shares continues to show a strong positive trend. According to market observers, the GMP for the stock today is ₹161 per share, with DAM Capital Advisors shares trading at ₹444 per share in the grey market. This represents a 57% premium over the upper issue price of ₹283 per share.
What Does the GMP Indicate?
The positive GMP indicates strong demand for the stock, signaling favorable market sentiment ahead of the listing. The higher the GMP, the more confidence investors typically have in the IPO’s performance post-listing. With the GMP currently at ₹161, it suggests a robust market reception for DAM Capital Advisors once it begins trading.
Should You Apply on the Last Day?
Given the strong demand and favorable GMP, many investors may be considering applying for the IPO on the last day. As the subscription deadline approaches, the oversubscription and GMP indicate a potentially profitable listing for those looking to participate. However, investors should carefully assess their risk tolerance and investment strategy before making a final decision.
Stay tuned to our live updates for the latest developments on the DAM Capital Advisors IPO as we near the closure of this highly anticipated offering.
