India's DAM Capital surge 53% in trading debut

DAM Capital Advisors

27/12/2024 06:58

** Shares of DAM Capital Advisors  DAMC.NS  surge 53% to 433
rupees in trading debut 
    ** Stock opened at 393 rupees vs IPO price of 283 rupees
    ** The investment bank is valued at 30.61 bln rupees ($357.5
mln) at current price vs targeted value of 20 bln rupees at IPO
price
    ** DAMC's 8.40-bln-rupee IPO got bids worth 483.28 bln
rupees and was fully subscribed on day 1 of a 3-day process,
exchange data shows
    ** Anchor investors got shares worth 2.5 bln rupees
 
 ($1 = 85.6150 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))