DAM Capital Advisors IPO Day 1 Live Updates: Check GMP, subscription status, review, more

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₹269-283, which will be available for public subscription from December 19 to December 23. On Wednesday, it announced that it has secured ₹251 crore from anchor investors, just one day prior to the start of its initial share sale for public subscription.Among the anchor investors listed in a circular posted on the BSE website are Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India Mutual Fund (MF), HDFC MF, Kotak MF, and Aditya Birla Sun Life MF.

The IPO consists entirely of an offer-for-sale (OFS) of 2.97 crore equity shares valued at ₹840.25 crore, provided by a promoter and investors at the higher end of the price band, without any new issuance component.The sellers of shares in the OFS include promoter Dharmesh Anil Mehta, along with investors like Multiples Alternate Asset Management, RBL Bank, Easyaccess Financial Services, and Narotam Satyanarayan Sekhsaria. At the highest point of the price range, the company's market capitalization is estimated at ₹2,000 crore.Fifty percent of the offering has been allocated for qualified institutional buyers, 35 percent for retail investors, and the remaining 15 percent for non-institutional investors.Led by Mehta, DAM Capital Advisors is a prominent investment bank in the nation, holding a market share of 12.1 percent based on the number of IPOs and qualified institutional placements it managed as the book-running lead manager in FY24, as per a report by Crisil.On Wednesday, investment bank DAM Capital Advisors announced that it has raised ₹251 crore from anchor investors, ahead of the opening of its initial public offering (IPO) for public subscription.Among the anchor investors are notable entities such as Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India