DAM Capital said that Tata Motors offers a comfortable valuation after a sharp correction in the stock price. It has upgraded rating to BUY from Neutral on the top Tata stock.

DAM Capital Advisors’ initial public offering (IPO) was entirely an offer-for-sale (OFS) by existing shareholders, including promoter Dharmesh Anil Mehta and investors like Multiples Alternate Asset Management, RBL Bank, and Easyaccess Financial Services.

DAM Capital Advisors, one of India’s fastest-growing investment banks, made an impressive entry into the stock market to. The shares debuted at a premium of 38.87% on the NSE, listing at Rs 393 per share,

Headed by Mehta, DAM Capital Advisors is a leading investment bank with a market share of 12.1 per cent based on the number of IPOs and qualified institutional placements undertaken by it as the book-running lead manager in FY24, according to a Crisil report.

Given the strong investor interest, robust growth trajectory, and attractive grey market premium, analysts said that DAM Capital was poised for a strong listing.

DAM Capital Advisors shares made a strong stock market debut on Friday, December 27, showcasing strong investor demand. The shares opened on the NSE at Rs 393 each at a premium of 38.87% over the issue price of Rs 283 per share.

DAM Capital Advisors shares listed at Rs 392.90 apiece on the BSE, and Rs 393 apiece on the NSE against the issue price of Rs 283

DAM Capital Advisors shares are expected to list on the BSE and NSE on Friday, December 27, 2024. Given the current market sentiments and other relevant factors, the company is anticipated to list with a strong gain of over 50% compared to its issue price.