DAM Capital Advisors shares made their stock market debut today, listing at Rs 393 on the NSE, marking a premium of 39 percent over the issue price of Rs 283 per share. The robust listing, though slightly below the unofficial market estimates, comes on the back of strong investor demand during the IPO, which was oversubscribed 81.88 times.
Strong listing for DAM Capital shares in a competitive market
Investment banker Dharmesh Mehta-led DAM Capital Advisors raised Rs 840 crore through its IPO, which closed on December 23. The offer comprised an entirely offer-for-sale by existing shareholders, including the promoter and key investors. The IPO saw overwhelming participation from qualified institutional buyers (subscribed 166.33 times), followed by non-institutional investors (98.47 times) and retail investors (12.45 times).
Growth trajectory and outlook
Analysts suggest booking partial profits on listing gains while retaining some shares for the long term, given DAM Capital’s strong market presence and growth potential. Non-allottees may consider buying on dips post-listing.
DAM Capital Advisors has demonstrated consistent growth, with a total income CAGR of 38.8 percent between FY22 and FY24 and EBITDA rising at a 73.4 percent CAGR during the same period. The company’s strategic focus on emerging investment themes and partnerships positions it well to capitalise on India’s vibrant equity markets.
Key considerations for investors
With its strong listing, DAM Capital has reinforced its market position as a leading investment bank. While the stock’s trajectory will depend on broader market sentiment and performance, analysts remain optimistic about its long-term growth potential. Investors are advised to track the company’s performance closely and make decisions aligned with their investment goals.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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