DAM Capital Advisors IPO: The initial public offering (IPO) of Dam Capital Advisors Ltd opened for public subscription on December 19 and will close on December 23. , there is currently only one day left to apply for the DAM Capital Advisors IPO.
DAM Capital Advisors IPO price range set at $269 to $283 per share. this $The Rs 840.25-crore DAM Capital Advisors IPO is entirely an offer for sale (OFS) of Rs 297-crore shares.
DAM Capital Advisors Today’s IPO GMP, or today’s gray market premium, also shows a positive trend for the stock, driven by strong demand. Let’s check DAM Capital Advisors IPO subscription status, GMP and whether you should apply.
DAM Capital Advisors IPO GMP Today
DAM Capital Advisors IPO GMP Today is $$161 per share, according to stock market watchers. This shows that the premium for the company’s shares is $There are 161 on the gray market today.
Regarding the significance of the DAM Capital Advisors IPO GMP, market observers say that DAM Capital Advisors shares are trading at $The gray market has 444 shares per share, a 57% premium to the IPO price. $283.00 per share. After two days of bidding, DAM Capital Advisors IPO GMP signaled that allotees could receive a return of around 57% of their capital.
DAM Capital Advisors IPO Subscription Status
As per NSE data, the DAM Capital Advisors IPO has been subscribed 6.98 times so far as of December 20, the second day of the bidding process. The retail portion has been subscribed 8.96 times, the non-institutional investor (NII) portion has been subscribed 11.49 times, and the qualified institutional buyer (QIB) portion has been subscribed 7%.
DAM Capital Advisors IPO Review
Dam Capital Advisors Ltd is a fast-growing commercial bank in India, with a revenue CAGR of 39% from FY2022 to FY2024, and the highest profit margin in FY2024.
“Based on peer comparison, Dam Capital stands out among its peers for its excellent growth and profitability. Its return on equity reached 43.4%, which is higher than the industry average of 24.1%. Its EBITDA rate is 59.1%, which is higher than the industry average of 50.3 %, reflecting operating efficiency. Its P/E ratio of 28.4 times is slightly higher than its peers, and we recommend subscribing to the issue given its strong fundamentals and focus on high-margin investment banking,” said brokerage Nirmal Bang.
According to data from KRChoksey Securities, DAM Capital Advisors is valued at 28.4 times earnings, which is reasonable considering its superior growth metrics in terms of revenue, EBITDA and PAT and boasts the highest CAGR in the industry.
“By focusing on high-margin commercial banking, the company differentiates itself from competitors that are primarily engaged in lower-margin businesses such as retail brokerage, making it a compelling investment opportunity. DAM Capital responds to changing market conditions Its capabilities, as well as its strong transaction pipeline and growing influence in the capital markets, position it well to take advantage of the expanding opportunities within the Indian financial ecosystem. Taking these factors into account, we give a “Subscribe” to this IPO. Rating.
Disclaimer: The above views and recommendations only represent the views and recommendations of individual analysts or brokerage firms and have nothing to do with Mint. Investors are advised to consult a certified expert before making any investment decisions.