DAM Capital Advisors IPO
Open MainLineCurrent GMP
₹143 (+50.53%)
Price Band
₹ 269 – 283
Lot Size
53
Issue Size
₹840.25 Cr
Minimum Investment
₹14999 (53 Shares)
Listing Date
27 December 2024
Subscription
81.99x
About the Company
DAM Capital Advisors Limited is one of India's fastest-growing merchant banks, recognized for its high revenue growth and profit margins. As of Fiscal 2024, it holds a 12.1% market share in the Indian capital markets, primarily through its role as the book-running lead manager for numerous public offerings, including IPOs, QIPs, and other transactions.
The company offers a range of services, including equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), structured finance advisory, and institutional equities comprising broking and research. It leverages its expertise across various sectors and products to provide strategic advisory and capital market solutions to corporate clients, financial sponsors, institutional investors, and family offices.
Since its acquisition in 2019, DAM Capital has successfully executed 72 ECM transactions, including 27 IPOs, and advised on 23 advisory transactions. Its institutional equities team serves 263 active clients across global markets, including India, the USA, UK, and other regions.
Under the leadership of Dharmesh Anil Mehta, who brings over 25 years of experience, DAM Capital has grown rapidly, with total income increasing by 38.77% CAGR from Fiscal 2022 to 2024. The company's profit after tax surged by 79.46% CAGR over the same period, reflecting its strong client relationships and execution capabilities.
DAM Capital is positioned to capitalize on India's economic growth, supported by its deep industry expertise and extensive research capabilities. The company is also supported by experienced leadership, a diverse board of directors, and marquee investors. Its wholly-owned subsidiary, DAM Capital (USA) Inc., facilitates broader client access in the United States.
Originally founded in 1993 as S.S. Kantilal Ishwarlal Securities, the company underwent several transformations, including a change in ownership in 2019, and was renamed DAM Capital Advisors Limited in 2020.
Promoters
- Dharmesh Anil Mehta
- Sonali Dharmesh Mehta
- Boombucket Advisors Private Limited
Promoters Holding
Holding Pre Issue
45.88%
Holding Post Issue
41.50%
Objects of the Issue
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Address / Contact Info
DAM Capital Advisors Limited
PG-1, Ground Floor, Rotunda
Building, Dalal Street, Fort
Mumbai 400 001, Maharashtra
Phone: +91 22 4202 2500
Email: compliance@damcapital.in
Website: https://www.damcapital.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 19 December 2024
IPO Close Date
Monday, 23 December 2024
Basis of Allotment
Tuesday, 24 December 2024
Initiation of Refunds
Thursday, 26 December 2024
Credit of Shares to Demat
Thursday, 26 December 2024
Listing Date
Friday, 27 December 2024 — NSE & BSE
Important Dates
Open Date
19 December 2024
Close Date
23 December 2024
Basis Of Allotment
24 December 2024
Listing Date
27 December 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 214.68 | 1201.16 | 166.72 |
| Revenue | 182 | 85.04 | 94.51 |
| Profit After Tax | 70.52 | 8.67 | 21.9 |
| Net Worth | 162.61 | 95.13 | 87.97 |
| Reserve & Surplus | 148.47 | 80.99 | 73.84 |
| Total Borrowings | 4.93 | 3.29 | 1.41 |
EPS Pre
9.98%
EPS Post
9.98%
P/E Pre
28.37
P/E (Post Issue)
28.37x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 54.72 |
| ROCE % | 0 |
| Debt / Equity | 0 |
| RoNW % | 44.98 |
| PbW | 0 |
| Pat Margin % | 38.75 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 8886268 | 29.93 | 0 |
| Qualified Institutions | 5924182 | 19.95 | 0 |
| Non-Institutional | 4443135 | 14.96 | 0 |
| BNII | 2962090 | 9.98 | 0 |
| SNII | 1481045 | 4.99 | 0 |
| Retail Investors | 10367315 | 34.92 | 0 |
| Employees | 70000 | 0.24 | 0 |
| Total | 29690900 | 100 | 0 |
Subscription Status ( Mon, 23 Dec 24 01:07 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 5924182 | 985397571 | 166.33x |
| Non-Institutional | 4443135 | 437914355 | 98.56x |
| BNII | 2962090 | 302746653 | 102.21x |
| SNII | 1481045 | 135167702 | 91.27x |
| Retail Investors | 10367315 | 279573781 | 26.97x |
| Employees | 70000 | 2820660 | 40.3x |
| Total | 20804632 | 1705706367 | 81.99x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 53 | 14,999.00 |
| Retail (Max) | 13 | 689 | 194,987.00 |
| S-HNI (Min) | 14 | 742 | 209,986.00 |
| S-HNI (Max) | 66 | 3,498 | 989,934.00 |
| B-HNI (Min) | 67 | 3,551 | 1,004,933.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Nuvama Wealth Management Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
DAM Capital Advisors IPO is a Book-building IPO worth ₹840.25 crores. The price band is ₹269 to 283 per share. The IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The DAM Capital Advisors IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024
DAM Capital Advisors IPO Price Band is ₹269 to 283.
DAM Capital Advisors IPO lot size is 53, and the minimum amount required for application is ₹14999.
The minimum investment for DAM Capital Advisors IPO is approximately ₹14999 based on the upper price band.
To apply for the DAM Capital Advisors IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Dec 23, 2024. After submission, funds are blocked until the basis of allotment of DAM Capital Advisors IPO is finalised.
DAM Capital Advisors IPO issue size is ₹840.25 crores.
DAM Capital Advisors IPO allotment date is Sat, Jun 27, 2026.
The registrar for DAM Capital Advisors IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to DAM Capital Advisors IPO through their official website or helpline.
The DAM Capital Advisors IPO GMP (Grey Market Premium) is ₹143 as of Fri, Dec 27, 2024. Based on the upper price band of ₹283 per share, the estimated DAM Capital Advisors IPO listing price is ₹426, indicating a potential listing gain of approximately 31% over the issue price.