DAM Capital Advisors IPO Day 3 Live Updates: GMP, subscription status, should you apply as issue ends today

livemint.com:

₹840.25-crore worth DAM Capital Advisors IPO is entirely an offer for sale (OFS) of 2.97 crore shares. DAM Capital Advisors IPO price band is set at ₹269 to ₹283 per share. DAM Capital Advisors IPO GMP today is also showing a positive trend for the stock led by strong demand.

Stay tuned to our DAM Capital Advisors IPO Day 3 live blog for the latest updates.DAM Capital Advisors IPO Live: DAM Capital Advisors shares are showing a positive trend in the unlisted market with a strong grey market premium today. DAM Capital Advisors IPO GMP today is ₹161 per share, according to stock market observers. This shows that the shares of the company are available at a premium of ₹161 in the grey market today.

On what this DAM Capital Advisors IPO GMP means, market observers said that DAM Capital Advisors shares are trading at ₹444 apiece in the grey market, a premium of 57% to the IPO price of ₹283.00 per share. After two days of bidding, DAM Capital Advisors IPO GMP signals that allottees may get around 57% return on their money.DAM Capital Advisors IPO Live: DAM Capital Advisors IPO has been subscribed 6.98 times so far, as per NSE data till December 20, the second day of the bidding process. The retail portion has been subscribed 8.96 times, the Non Institutional Investors (NII) segment has been filled 11.49 times, and the Qualified Institutional Buyers (QIBs) portion is subscribed 7%.DAM Capital Advisors IPO Live: DAM Capital Advisors IPO price band is set at ₹269 to ₹283 per share.