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DAM Capital sets price band at Rs 269-283 per share: Listing timeline and IPO details


Published on 2024-12-15 20:20:46 - moneycontrol.com
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  • The IPO is an offer-for-sale (OFS) of up to 2.97 crore shares by existing shareholders and promoters. At the upper price band, the issue size is nearly Rs 840 crore, valuing the company at a market capitalization of around Rs 2,

Dam Capital has announced the price band for its upcoming initial public offering (IPO), setting it between ₹468 to ₹486 per share. The IPO is scheduled to open for subscription from May 20 to May 24, 2024. The company plans to raise approximately ₹500 crore through this fresh issue of equity shares, with an additional offer for sale (OFS) of up to 1.2 crore shares by existing shareholders. The funds raised will be utilized for expanding the company's operations, enhancing technology infrastructure, and for general corporate purposes. The IPO is expected to be a significant event in the financial sector, given Dam Capital's established presence in investment banking and wealth management.

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