DAM Capital Advisors IPO GMP: DAM Capital Advisors' ₹840 crore IPO has opened today. This IPO is getting a strong response on the very first day. According to the information, the retail investors' portion was fully subscribed within two hours. This IPO has received 73 percent subscription so far.

Key details of IPO

DAM Capital Advisors' IPO is open at a price band of ₹269-283 per share and its term will be from December 19 to December 23. The company has already raised ₹251 crore from anchor investors. After the IPO, DAM Capital shares will be listed on BSE and NSE on December 27.

DAM Capital Advisors Grey Market Premium (GMP) & Investment Advice

DAM Capital Advisors shares are getting a good premium in the grey market. As per today's data, DAM Capital shares are trading at a grey market premium of ₹135 to ₹418 per share. This premium is 47.7% higher than the IPO price of ₹283.

Experts believe that DAM Capital Advisors IPO is good for long term investment considering the company's continuously growing business activities. The company's revenue mainly comes from merchant banking, advisory charges and broking.

Should you apply for DAM Capital Advisors IPO?

DAM Capital Advisors is one of the leading merchant banks in India. The company's growing business activities and major contribution to IPOs and QIPs make it an attractive option for investors. Experts recommend subscribing to this IPO for long term investment.