December 30, 2024 : DAM Capital Advisors Ltd., a leading investment banking firm in India, has marked its entry into the stock market with an impressive debut. On December 27, 2024, the company’s shares were listed at ₹393.00 on the National Stock Exchange (NSE), reflecting a 38.87% premium over its issue price of ₹283.00 per share.
The stock showed strong momentum post-listing, reaching an intraday high of ₹439.00—approximately 55.2% higher than the issue price. On the Bombay Stock Exchange (BSE), the shares closed at ₹415.05, representing a significant 46% gain.
The company’s Initial Public Offering (IPO), which ran from December 19 to 23, 2024, garnered exceptional interest from investors, being oversubscribed over 82 times. This enthusiastic response underscores investor confidence in DAM Capital Advisors’ robust business model and promising growth trajectory.
As of December 30, 2024, the stock is trading at ₹415.10, maintaining its strong performance in the market.
DAM Capital Advisors specializes in strategic advisory services and capital market solutions, including equity capital markets, mergers and acquisitions, private equity, and structured finance advisory. The firm has reported outstanding financial metrics, boasting a return on equity (ROE) of 54.7% and a return on capital employed (ROCE) of 72.7%.
The company’s remarkable stock market debut, coupled with its strong financial performance, positions it as a standout player in the investment banking sector. Analysts predict that DAM Capital Advisors has significant potential for sustained growth, making it an attractive option for investors seeking value creation.
The successful listing not only highlights the firm’s robust fundamentals but also reflects the strength of India’s equity markets and the growing demand for high-performing financial services companies. DAM Capital Advisors’ leadership remains optimistic about the future, aiming to capitalize on the momentum to deliver consistent growth and shareholder value.
