DAM Capital Advisors shares make a strong debut on exchanges. What should investors do?
DAM Capital Advisors made a strong debut on the exchanges, listing at a 39% gain over its issue price. The IPO received a significant investor subscription of nearly 82 times.
DAM Capital is the fastest-growing merchant bank in India, achieving the highest revenue CAGR from FY22 to FY24 and the best profit margin among peers in FY24.
As one of the leading merchant banks in India, DAM Capital achieved a market share of 12.1% in FY24.
Hence, analysts said given the company’s strong market presence, improved financial performance, and industry tailwinds, investors should hold on to the shares.
“We recommend that investors who have been allotted shares consider holding their positions from a medium to long-term perspective," said Abhishek Pandya, Research Analyst at StoxBox.
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