Grey market premium and subscription status for DAM Capital Advisors IPO (December 2024)
The IPO of DAM Capital Advisors has received great interest from Retail investors and institutional investors. As the timeline for IPO subscriptions for investors has reached on 23rd December 2024, it is pertinent for these investors to be well versed with the working of the Grey Market Premium, Subscriptions Status, and many other relevant aspects.
Overview of the IPO, Gmp Schedule, And Price Band
The Board of Directors of DAM Capital Advisors Ltd. had filed for an IPO which runs within a certain price band which is between ₹269 to ₹283 in a per share setting and buying by the retail and institutional investors is anticipated to be within this spectrum. Corporate expansion and paying off of debts as well as other functions are what the IPO is looking to achieve through these funds.
GMP Grey Market Premium
IPO’s post listing performance is likely to be gauged by the grey market premium (GMP) and from the rankings; the swapping of horse will also be gaged in that direction however DAM capital Advisors’ IPO GMP is far better than average. As on 23rd December 2024, the GMP of DAM Capital Advisors’ shares stands at gmp of 161. These shares are trading at a 57% premium over the upper price band of ‘x’ as set forth before.
In the gmp sector, shares have reached a band of ₹444 to ₹283 per share. Such a premium gives DSP expectations that there will be a positive IPO. By other measure such premiums signal that there is a high possibility that the stock will get listed above the issue price thereby benefiting investors with returns if the ipo goes well.
GMP is definitely gauged by the sentiment that investors possess towards the IPO, and therefore it can be affected by market dynamics. DAM Capital Advisors might have a decent listing as a result of high GMP but, a high GMP is not always successful.
Subscription Status
In broad terms, the subscription status of an IPO can be seen as the measure of investors’ interest. For instance, on 22nd December 2024, it was observed that the subscription status of the DAM Capital Advisors IPO stood at 6.98 times. The subscription rate gives an indication of how many times the investors have sought for the total issued shares. The higher the number of subscriptions, the higher the optimism towards the market in relation to that particular IPO.
Subscribe as a Retail Investor The retail tranche of the DAM Capital Advisors IPO had an investment by individual investors that was 8.96 times oversubscribed Retail investors are very instrumental for the success of the IPO’s which means that this high subscription rate is encouraging.
Non-institutional investors (NII): In the NII category, 11.49 NII had subscribed. Non-institutional investors are high net worth individuals HNIs who subscribe to IPOs in large quantities. This group’s demand is encouraging for the stock.
QIB: qualified institutional buyers The last information showed that 7% of the QIB, who are large institution subscribers of the stock has been subscribed. This is lower than NII and retail but shows that there are some institutional buyers in the market.
Important Dates and Details
- The Initial Public Offering (IPO) opens on: December 19, 2024 – it closes on: December 23, 2024 at 5:00 PM IST
- The Shares’ allocation date: December 24, 2024. The Shares’ September Listing: December 27, 2024
These dates are to be observed by the investors, as of December 24, 2024 the investors will have received the shares out of the listed IPO. The shares that are allotted will start transacting on the exchanges as from December 27, 2024. For the investors who have applied the shares in offering, looking out for the stock price on listing day will even be much information of great assistance
Conclusion
Most categories of the DAM Capital Advisors IPO are highly subscribed while the Grey Market Premium is very robust. IPO Ferguson – take into account the great demand from retail and non institutional investors, when taking a decision to participate in the IPO.
However, in an environment of high GMP and high subscription rates, one should temper expectations of the listing price with the reality and understand the market in question and seek advice from a financial adviser before investing She is in full consultation with her primary orthodox adviser. The stock’s performance will the listing day demonstrates the acceptance of the company in the market.
If you are einterested for more: DAM Capital Advisors IPO: Robust GMP and Record-Breaking Subscription Point to a Strong Debut – Nova Pulse, “Mamata Machinery IPO Surges with Impressive GMP and Reco