DAM Capital Advisors IPO is a book built issue of Rs 840.25 crores. The issue is entirely an offer for sale of 2.97 crore shares.
DAM Capital Advisors IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The allotment for the DAM Capital Advisors IPO is expected to be finalized on Tuesday, December 24, 2024. DAM Capital Advisors IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 27, 2024.
DAM Capital Advisors IPO price band is set at ₹269 to ₹283 per share. The minimum lot size for an application is 53. The minimum amount of investment required by retail investors is ₹14,999. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹2,09,986, and for bNII, it is 67 lots (3,551 shares), amounting to ₹10,04,933.
Nuvama Wealth Management Limited is the book running lead manager of the DAM Capital Advisors IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to DAM Capital Advisors IPO RHP for detailed information.
DAM Capital Advisors IPO Details
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹269 to ₹283 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 2,96,90,900 shares (aggregating up to ₹840.25 Cr) |
| Offer for Sale | 2,96,90,900 shares of ₹2 (aggregating up to ₹840.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,06,86,000 shares |
| Share Holding Post Issue | 7,06,86,000 shares |
DAM Capital Advisors IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Category Reservation Detail Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/RII |
DAM Capital Advisors IPO Timeline (Tentative Schedule)
DAM Capital Advisors IPO IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
DAM Capital Advisors IPO Lot Size
Investors can bid for a minimum of 53 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,999 |
| Retail (Max) | 13 | 689 | ₹1,94,987 |
| S-HNI (Min) | 14 | 742 | ₹2,09,986 |
| S-HNI (Max) | 66 | 3,498 | ₹9,89,934 |
| B-HNI (Min) | 67 | 3,551 | ₹10,04,933 |
| Lot Size Calculator | |||
DAM Capital Advisors IPO Promoter Holding
Dharmesh Anil Mehta, Sonali Dharmesh Mehta and Boombucket Advisors Private Limited are the company promoters.
| Share Holding Pre Issue | 45.88% |
| Share Holding Post Issue |
About DAM Capital Advisors Limited
DAM Capital Advisors Limited is an investment bank in India. The company offers a wide range of financial solutions in the areas of:
(i) Investment banking comprising equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory; and
(ii) Institutional equities comprising broking and research.
The company has successfully executed 72 ECM transactions comprising 27 IPOs, 16 qualified institutions placements, 6 offers for sale, 6 preferential issues, 4 rights issues, 8 buybacks, 4 open offers and 1 initial public offer of units by a real estate investment trust. (since the Acquisition i.e., November 7, 2019, till October 31, 2024).
DAM Capital Advisors Limited has also advised on 23 advisory transactions including M&A; A advisory, private equity advisory and structured finance advisory and has also executed block trades since the Acquisition i.e., November 7, 2019, till October 31, 2024.
The institutional equities business, as of October 31, 2024, comprises 29 employees in research and 34 employees in the broking team.
The company has provided services to 263 active clients including registered FPIs spread across geographies such as India, USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, Middle East and South Africa.
As of October 31, 2024, The company had a team of 121 employees across all businesses. The company’s wholly-owned Subsidiary, DAM Capital (USA) Inc. is incorporated in New York, USA and is registered as a Broker-Dealer with the Securities and Exchange Commission.
Company’s History:
The company started its journey in the securities market in 1993 as S.S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited. In 1994, the company rebranded as S.S. Kantilal Ishwarlal Securities Private Limited (SSKIPL).
In 2006, Infrastructure Development Finance Company (IDFC) started acquiring SSKIPL, completing the process in 2008. In 2019, the IDFC group sold its entire stake to Dharmesh Anil Mehta and other investors. Following this, in July 2020, the company rebranded as DAM Capital Advisors Limited.
Company Financials
DAM Capital Advisors Limited Financial Information (Restated Consolidated)
DAM Capital Advisors Limited’s revenue increased by 114% and profit after tax (PAT) rose by 713% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 214.68 | 1,201.16 | 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 |
| Reserves and Surplus | 148.47 | 80.99 | 73.84 |
| Total Borrowing | 4.93 | 3.29 | 1.41 |
Key Performance Indicator
The market capitalization of DAM Capital Advisors IPO is Rs 2000.41 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 54.72% |
| RoNW | 44.98% |
| PAT Margin | 38.75 |
| Price to Book Value | 12.76 |
Check DAM Capital Advisors IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.98 | 9.98 |
| P/E (x) | 28.37 | 28.37 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (DAM Capital Advisors IPO Objectives)
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
DAM Capital Advisors IPO Prospectus
DAM Capital Advisors Limited Contact Details
DAM Capital Advisors Limited
PG-1, Ground Floor,
Rotunda Building, Dalal Street,
Fort, Mumbai 400001,
Phone: +91 22 4202 2500
Email: compliance@damcapital.in
Website: https://www.damcapital.in/
DAM Capital Advisors IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: damcapital.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html