The investment bank DAM Capital Advisors launched its initial public offering, with a share price range of ₹269-283, on December 19.

The public offer will remain open for subscription till December 23

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On Wednesday, it announced that it had secured ₹251 crore from anchor investors

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just one day prior to the start of its initial share sale for public subscription.

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The DAM Capital Advisors IPO was subscribed 6.98 times by the end of the bidding process on the second day

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The Qualified Institutional Buyers (QIB) portion was subscribed 0.07 times

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while the Non-Institutional Investors (NII) portion was booked 11.49 times

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The Retail Investor portion garnered 8.96 times bids and the quota reserved for employees witnessed 13.06 times subscription.

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The Retail Investor portion garnered 8.96 times bids and the quota reserved for employees witnessed 13.06 times subscription.

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Here's how different quotas were subscribed: QIB: 0.07x NII: 11.49x Retail: 8.96x Employee: 13.06x

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