Dam Capital Advisors Ltd.
IPOs where Dam Capital Advisors Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists Dam Capital Advisors Ltd. as a book-running lead manager on 9 IPOs: all of them mainboard issues. Bidding dates recorded here run from Dec 2024 to Oct 2026, and 2 issues have no bidding date recorded yet. Of these, 6 have listed, 1 is between scheduling and listing and 2 are at the draft-filing (announced) stage. It was the sole lead manager on 2 of the 9 and shared the mandate with other merchant bankers on the rest.
Issue size is recorded for 8 of the 9 IPOs. They range from ₹450 Cr (Caliber Mining) to ₹30,213 Cr (Jio Platforms), with a median of ₹860 Cr. The 6 listed issues with a recorded size total ₹25,804.71 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 6 listed issues: 4 above and 2 below the issue price. The median change was +9.9%, from -9.6% (Prasol Chemicals) to +74.0% (ESDS Software Solution). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for 5 of the 6 issues whose bidding has closed. The median was 7.01x, ranging from 3.47x (Prasol Chemicals) to 154.66x (Caliber Mining).
Currently between scheduling and listing: Jio Platforms.
Dam Capital Advisors Ltd. has worked alongside 26 other lead managers on these issues. The 5 most frequent, by number of shared issues:
- ICICI Securities Ltd. — 3 shared issues
- IIFL Capital Services Ltd. — 3 shared issues
- JM Financial Ltd. — 3 shared issues
- Motilal Oswal Investment Advisors Ltd. — 3 shared issues
- 360 One WAM Ltd. — 2 shared issues
IPOs with Dam Capital Advisors Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Casagrand Premier Builder | Mainboard | Announced | — | ₹1,200 Cr | — | — | — |
| Crystal Crop Protection | Mainboard | Announced | — | — | — | — | — |
| Jio Platforms | Mainboard | Upcoming | 21 Oct 2026 | ₹30,213 Cr | ₹1,119 | — | — |
| NSE | Mainboard | Listed | 17 Sept 2026 | ₹22,562.71 Cr | ₹1,785 | 5.71x | +0.8% |
| Hero Motors | Mainboard | Listed | 16 Sept 2026 | ₹1,000 Cr | ₹84 | 7.01x | -2.3% |
| Prasol Chemicals | Mainboard | Listed | 8 Sept 2026 | ₹500 Cr | ₹676 | 3.47x | -9.6% |
| ESDS Software Solution | Mainboard | Listed | 28 Aug 2026 | ₹720 Cr | ₹429 | 142.88x | +74.0% |
| Caliber Mining | Mainboard | Listed | 17 Jul 2026 | ₹450 Cr | ₹424 | 154.66x | +18.9% |
| One Mobikwik Systems | Mainboard | Listed | 11 Dec 2024 | ₹572 Cr | ₹279 | — | +58.5% |
Subscription is the final overall figure once bidding has closed; listing gain is the listing-day change against the issue price. “—” means not available.
Year by year
| Bidding year | IPOs | Mainboard | SME | Total issue size | Median listing gain |
|---|---|---|---|---|---|
| 2026 | 6 | 6 | 0 | ₹55,445.71 Cr | +0.8% (5 listed) |
| 2024 | 1 | 1 | 0 | ₹572 Cr | +58.5% (1 listed) |
| Not yet scheduled | 2 | 2 | 0 | ₹1,200 Cr | — |
What a book-running lead manager does
Under Regulation 23 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, an issuer must appoint one or more SEBI-registered merchant bankers, at least one of whom is a lead manager to the issue. When more than one merchant banker manages an issue, each one’s responsibilities for disclosures, allotment, refunds and underwriting are fixed in advance and set out in the draft offer document and the offer document.