DAM Capital Advisors IPO subscribed 4.39 times on Day 2 so far. Check GMP, review and other details

economictimes.indiatimes.com:

Subscriptions from retail investors stood at 6.04 times, while non-institutional investors had subscribed 6.28 times on the second day of bidding. Meanwhile, qualified institutional buyers had subscribed to 2% of the allotted portion.

Since the IPO is entirely an OFS, the proceeds from the offer will go to the selling shareholders.

DAM Capital Advisors IPO: Price band

The company has fixed a price band of Rs 269-283 per share, with investors able to bid for 53 shares in one lot and in multiples thereafter.

DAM Capital Advisors IPO: GMP Today

Ahead of the issue, DAM Capital Advisors' unlisted shares were trading at Rs 453 per share in the unofficial market on Friday, reflecting a grey market premium (GMP) of 60% over the upper end of the IPO price band of Rs 283.

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