Stocks to Watch, Mar 24: Stocks like Reliance Industries, Apollo Hospitals Enterprise, Power Grid Corporation, Allied Blenders and Distillers, Sundaram-Clayton, IRCON International, NMDC, Power Finance Corporation, UCO Bank, Larsen & Toubro, Insolation Energy, Hindustan Copper, IFCI, and IIFL Capital Services will be in focus on March 24.
DAM Capital has stated that it has already rectified the identified issues and implemented necessary compliance measures to ensure adherence to regulatory norms.
While investor enthusiasm for the primary market has dwindled, the IPO pipeline still remains strong for CY25
DAM Capital has a Buy call on Deepak Nitrite with a target of Rs 2,142 per share, while Morgan Stanley has put a target of Rs 3000 per share along with a Overweight call.
The homegrown investment bank's total income saw a massive rise in Q3, jumping 132 percent on-year to Rs 104 crore in Q3 FY25
DAM Capital Q3 results: 'We currently have 18 IPOs in the pipeline,' says firm
DAM Capital Advisors shares made their stock market debut on December 27, listing at Rs 393 on the NSE, marking a premium of 39 percent over the issue price of Rs 283 per share.
DAM Capital's recently concluded IPO saw RBL Bank exit its shareholding entirely, representing 8.16% of the share capital. The bank added that it does not have any shareholding in DAM after the transaction.
DAM Capital Advisors IPO | The share allotment will be finalised by the pure-play investment bank on December 24, and the much-awaited listing of the first investment banking firm is scheduled for December 27.
It is a relatively cheaper option to play the IPO rush in the equity markets
DAM Capital Advisors IPO | The Rs 840-crore initial share sale will open for public subscription on December 19.
In the last four years, DAM Capital has worked on deals like the IPOs of JSW Infra and IRFC, QIPs of DMart and Sterling Wilson & Solar, as well as the big-bang Rs 5,650-crore Nirma-Glenmark Lifesciences buyout
Going ahead, the management will be looking to build global partnerships for their M&A strategy, says Mehta
DAM Capital Advisors IPO | India’s first public issue by a pure-play boutique investment bank consists of solely offer-for-sale of 2.96 crore equity shares with no fresh issue component.
This will be India’s first public issue by a pure-play boutique investment bank. Since inception, DAM has executed 67 equity market transactions such as IPOs and QIPs, among other routes.
DAM Capital Advisors IPO comprises solely an offer-for-sale (OFS) of 3.2 crore equity shares, with no fresh issue component.
The firm was set up by Dharmesh Mehta in November 2019. Mehta was earlier the MD & CEO of Axis Capital and has more than three decades of experience in capital markets
The stock price of Emami Ltd, the flagship company of the Emami Group, hit a 52-week high during trading hours on May 30 post a healthy set of Q4 earnings and positive business outlook
Analysts at DAM Capital said that TVS Motor, IDBI First Bank, among 11 other stocks can potentially double from current levels over the span of 3 years
It is based on the anti-fragility idea and DAM Capital has a portfolio that broadly follows it