DAM Capital Advisors IPO: Share Allotment Likely Today, GMP Soars High; How To Check Status Online?

The DAM Capital Advisors IPO is the talk of the market as applicants await the announcement of the allotment status. Following the end of the IPO bidding process on Monday, attention has shifted to the allotment and listing timeline, with expectations high given the strong grey market premium (GMP) performance.

Allotment & Listing Timeline

According to market observers, the DAM Capital Advisors IPO allotment status is expected to be announced on 24 December 2024. However, any delays could push the allotment date to 26 December 2024, as 25 December 2024 is a stock market holiday.

With the T+3 listing rule in effect, the shares of DAM Capital Advisors are likely to be listed on the stock exchanges on 27 December 2024 (Friday).

Grey Market Premium

The grey market has been buzzing with activity ahead of the allotment announcement. The DAM Capital Advisors IPO GMP is currently at Rs 161, indicating a likely listing price of approximately Rs 424 per share. This reflects a 60% premium over the IPO's upper price band of Rs 263 per share.

Subscription Status

The IPO of DAM Capital Advisors Limited garnered attention from retail and institutional investors. On the final day of bidding, the DAM Capital Advisors IPO received an overwhelming response, being subscribed 81.88 times overall. Investors placed bids for 1,70,35,38,349 shares against the 2,08,04,632 shares available.

The Qualified Institutional Buyers (QIBs) category saw the highest demand, with a subscription of 166.33 times, followed by the Non-Institutional Investors (NIIs) category at 98.47 times. Meanwhile, the retail investors' segment was subscribed 26.80 times, reflecting strong interest across all categories. The strong demand and premium valuation are indicative of confidence in the company's growth potential and the IPO's value proposition.

How to Check Allotment Status?

Applicants can check the allotment status online through two primary platforms: the BSE website or the official registrar, Link Intime India Private Limited.

Via BSE Website

Visit the BSE's allotment status page: bseindia.com/investors/appli_check.aspx.
Select "Equity" under the issue type option.
Choose "DAM Capital Advisors Limited" from the "Issue Name" dropdown menu.
Enter your application number or PAN.
Complete the CAPTCHA by selecting "I'm not a robot."
Click "Search" to view your allotment status.

Via Link Intime Website

Go to the Link Intime allotment page: linkintime.co.in/Initial_Offer/public-issues.html.
Select "DAM Capital Advisors Limited" from the company name dropdown.
Choose one of the following identification methods: PAN, Application Number, DP/Client ID, or Account Number with IFSC.
Enter the required details, then click "Submit" to view your status.

For successful applicants, shares will be credited to their Demat accounts before the expected listing date of 27 December 2024. Those who do not receive an allotment will have their application funds refunded promptly.