DAM Capital Advisors Limited Announces Initial Public Offering (IPO) with Price Band of ₹269-₹283 per Share
IPO Details:
- Anchor Investor Bidding Date: Wednesday, December 18, 2024
- Bid/Offer Opening Date: Thursday, December 19, 2024
- Bid/Offer Closing Date: Monday, December 23, 2024
- Minimum Bid Quantity: 53 Equity Shares (and in multiples of 53 thereafter)
The IPO comprises a total of 29,690,900 Equity Shares. It includes an Offer for Sale by various investors:
- Multiples Alternate Asset Management Private Limited (MAAMPL): Up to 8,714,400 equity shares
- Narotam Satyanarayan Sekhsaria (NSS): Up to 7,042,400 equity shares
- RBL Bank Limited (RBL): Up to 5,771,000 equity shares
- Easyaccess Financial Services Limited (EFSL): Up to 5,064,250 equity shares
- Dharmesh Anil Mehta (Promoter Selling Shareholder): Up to 3,098,850 equity shares
Additionally, there is a reservation of up to 70,000 equity shares for eligible employees, as part of the Employee Reservation Portion.
The proceeds from the IPO will be used for general corporate purposes. The shares are proposed to be listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).
Overview of the Offer:
- Offer for Sale (OFS): Up to 29,690,900 equity shares
- Price Band: ₹269/- to ₹283/- per equity share
- Employee Reservation: Up to 70,000 equity shares
- Listing: BSE and NSE
Link to Red Herring Prospectus (RHP): RHP Document
Investors can place bids for a minimum of 53 equity shares and in multiples of 53 thereafter. The final issue size and allocation will be determined based on the demand received during the subscription period.
This IPO offers a unique opportunity to invest in DAM Capital Advisors Limited, a prominent player in the Indian financial services sector.
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