DAM Capital Advisors Ltd. has announced public offering of 29690900 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 281.00 per share. The gross proceeds of the issue are expected to be Rs 84,025.25 lakhs.

The company's initial public offer (IPO) will open on 19 December 2024 and is expected to close on 23 December 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 269.00-283.00 per share.

The IPO includes a fresh Issue of 29690900 Equity Shares of the Company at an price of Rs 283.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 53 shares with bids in multiples of 53.

DAM Capital Advisors Ltd. anticipates using the proceeds of the issue for .

Nuvama Wealth Management Ltd. as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.