DAM Capital Advisors IPO price band fixed at Rs 269-283. Check GMP, other details
initial public offering (IPO) of which will open for subscription on December 19, has fixed a price band of Rs 269-283. The issue will be available for subscription till December 23.
At the upper end of the price band, the total IPO size stands at Rs 840.25 crore and bids can be made for a minimum of 53 equity shares and in multiples of 53 equity shares thereafter.
This IPO marks the first-ever public issue by a pure-play boutique investment bank in India.
The IPO is entirely an offer-for-sale of 2.96 crore equity shares, with no fresh issue component. Promoter Dharmesh Anil Mehta, along with four investors—Multiples Alternate Asset Management, Narotam Satyanarayan Sekhsaria, RBL Bank, and Easyaccess Financial Services—will be the selling shareholders in this offering.
Currently, Mehta, his wife, and their firm Boombucket Advisors collectively hold a 45.88% stake in DAM Capital Advisors, while the remaining 54.12% is owned by the other investors.
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