Business Business:DAM Capital Advisors IPO: The initial public offering (IPO) of DAM Capital Advisors Limited will open for public subscription on December 19 and close on December 23. During the first two days of the bidding process, the issue received good demand and now only one day is left to apply for Dam Capital Advisors IPO.
The price band of Dam Capital Advisors IPO has been set at ₹269 to ₹283 per share. Dam Capital Advisors IPO worth ₹840.25 crore is entirely an offer for sale (OFS) of 2.97 crore shares.
Dam Capital Advisors IPO GMP today, or gray market premium today, is showing a positive trend for the stock due to strong demand. Let's check out Dam Capital Advisors IPO Membership Status, GMP and whether you should apply or not. According to stock market observers, Dam Capital Advisors IPO GMP is priced at ₹161 per share today. This shows that the company's shares are available at a premium of ₹161 in the gray market today.
On what this DAM Capital Advisors IPO GMP means, market observers said DAM Capital Advisors shares are trading at ₹444 per share in the gray market, which is 57% higher than the IPO price of ₹283.00 per share. After two days of bidding, DAM Capital Advisors IPO GMP indicates that allottees could get around 57% returns on their money.
According to NSE data till December 20, the second day of the bidding process, DAM Capital Advisors IPO has been subscribed 6.98 times so far. The retail portion has been subscribed 8.96 times, the non-institutional investors (NII) portion has been filled 11.49 times, and the qualified institutional buyers (QIB) portion has been subscribed 7%.
Dam Capital Advisors Limited is the fastest growing merchant bank in India with revenue CAGR of 39% from FY22 to FY24 and highest profit margin in FY24.
“Based on peer comparison, Dam Capital stands out among its peers with exceptional growth and profitability. It has achieved a healthy ROE of 43.4%, which is higher than the peer average of 24.1%. Its EBITDA margin of 59.1% is higher than the peer average of 50.3%, reflecting operating efficiency. Its PE multiple is slightly higher than its peers at 28.4x. “Given its strong fundamentals and focus on high margin investment banking, we recommend subscribing to this issue,” said broking firm Nirmal Bang. According to KR Choksi Securities, DAM Capital Advisors is valued at 28.4x P/E, which is reasonable in view of its stellar growth metrics in revenue, EBITDA and PAT, boasting the highest CAGR in its sector. “By focusing on high margin merchant banking, the company differentiates itself from competitors that primarily engage in lower margin businesses such as retail broking, making it an attractive investment opportunity. DAM Capital's changing market conditions Given these factors, with the ability to navigate, a strong pipeline of deals and a growing presence in the capital markets, we are well positioned to take advantage of the growing opportunities within India's financial ecosystem. Give 'Subscribe' rating to the IPO,” said KR Choksey Securities.
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