DAM Capital Advisors Limited IPO

Mainboard Live

Offer Date: Dec 19, 2024 - Dec 23, 2024

Exp. Premium: 155-160 (54.77%)

₹ 14999 /53 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

DAM Capital Advisors IPO Live Subscription Details

Date

20 Dec 2024,05:00:00 PM

QIBs

0.07

NII

NII (bids above ₹10L): 9.33x
NII (bids below ₹10L): 15.80x
NII Total: 11.49

Retail

8.96x

Employee

13.06x

Total

6.98 times

DAM Capital Advisors IPO Details

19 Dec, 2024

Open Date

23 Dec, 2024

Close Date

24 Dec, 2024

Allotment Date

27 Dec, 2024

Listing Date

Issue Price

₹269-283 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Market Lot

Retail : 53 Shares (₹14,999/-)
S-HNI : 742 Shares (₹2,09,986/-)
B-HNI : 3,551 Shares (₹10,04,933/-)

Lead Manager

Nuvama Wealth Management Limited

Issue Size

OFS : 29,690,900 shares(aggregating up to ₹840.25 Cr)

Retail Portion

35% (Number of Retail Applications: 1,95,610 Approx),
(Number of S-HNI Applications : 1,996 Approx),
(Number of B-HNI Applications : 3,992 Approx)

Subscription

6.98 times

IPO Docs

DRHP RHP ANCHOR

DAM Capital Advisors IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	59,24,182	44,43,135 29,62,090 14,81,045	1,03,67,315	2,08,04,632
Day 1 - 19-12-24 05:00 PM	0.01 x	3.72 2.74 x 5.68 x	3.88 x	2.75 x
Day 2 - 20-12-24 05:00 PM	0.07 x	11.49 9.33 x 15.80 x	8.96 x	6.98 x

Total No. of Applications: 15,80,461 (Approx)

DAM Capital Advisors Valuations

EPS Pre IPO

9.98

EPS Post IPO

9.98

P/E Pre IPO

28.37

P/E Post IPO

28.37

RoNW

44.98%

DAM Capital Advisors Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	214.68	1,201.16	166.72
Revenue	182	85.04	94.51
Profit After Tax	70.52	8.67	21.9

About The Company

DAM Capital Advisors Limited is one of the best investment banks in India. It specializes in a wide range of financial solutions, such as investment banking, ECM, M&A, private equity, and structured finance advisory. The firm has been successful in over 67 ECM transactions and has been involved in the launch of IPOs, qualified institutional placements, offers for sale, and buybacks.

Besides its investment banking solutions, DAM Capital Advisors avails the best-in-class institutional equities solutions along with broking and research. The company caters across global markets, with the number of active clients sitting at 257, constituting registered Foreign Portfolio Investors (FPIs), including India, USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, Middle East, and South Africa among others.

DAM CAPITAL ADVISORS Launched in 1993, the company was transformed from its inception as a S.S. Kantilal Ishwarlal Sharebrokers has become the top financial advisor, starting from its inception and through to its current position. After its acquisition by Infrastructure Development Finance Company (IDFC) in 2006 and its rebranding in 2020, DAM Capital Advisors has only grown in strength within the investment banking and equities landscape. With a dedicated team of professionals and a wholly-owned subsidiary in the USA, DAM Capital Advisors continues to be at the forefront of global financial advisory services.

As on July 31, 2024, the company has 115 employees on board and has been an advisor in the equity financing, M&A transactions, and private equity deals for the customers and has thus emerged as an important player in India's financial services sector.

DAM Capital Advisors - Strength and Weakness

Strength

DAM Capital achieved a revenue CAGR of 38.77% from FY22-FY24.

Highest profit margin in Fiscal 2024 among peers as per CRISIL.

Market share grew from 8.2% in FY21 to 12.1% in FY24.

Strong merchant banking team with 40 employees, 9 having 18+ years’ experience.

Completed 17 IPOs and QIPs as book running lead managers in FY24.

Weakness

Changes in laws and delayed licenses may disrupt business operations and negatively affect financial performance.

The company’s revenue is primarily dependent on two income sources—advisory fees and brokerage.

Adverse market conditions or economic downturns can severely affect the company's performance in its merchant banking and institutional equities businesses.

The company faces potential liabilities in case of legal claims arising from misleading statements, inaccurate advice, or unauthorised trading.

DAM Capital Advisors - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
DAM Capital	10.15	28.37	44.98%	182
ICICI Securities	6.24	13.6	50.1%	6,213
IIFL Capital	4.93	15.3	32.3%	2,530
JM Financial	1.50	21.1	0.78%	4,764
Motilal Oswal	5.15	17.0	32.6%	9,087

DAM Capital Advisors - Promoter(s)

Pre Issue Share Holding: 45.88%

Post Issue Share Holding: N/A%

Company Promoter(s)

Dharmesh Anil Mehta
Sonali Dharmesh Mehta
Boombucket Advisors Private Limited

DAM Capital Advisors IPO - Issue Objectives

The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

DAM Capital Advisors IPO - Anchor Investors

DAM Capital Advisors mops up over Rs 251 crore via anchor book.

Marquee global investors including Nomura, Goldman Sachs, HSBC Global, Carmignac Portfolio, Neuberger Berman Investment Funds, and Societe Generale participated in the DAM's anchor book.

Domestic institutional investors like HDFC Mutual Fund, Nippon Life India, Kotak Mahindra AMC, Aditya Birla Sun Life AMC, Bhandhan Mutual Fund, Edelweiss Trusteeship, ITI Mutual Fund, LIC Mutual Fund, Whiteoak Capital, Helois Fund, Malabar India Fund, and 360 ONE Equity Opportunity Fund, too, invested in the company.

Among others, Sunil Singhania's Abakkus Growth Fund, Madhusudan Kela-backed Chartered Finance & Leasing, and Vikas Khemani-backed Carnelian Capital, as well as Aditya Birla Sun Life Insurance, and SBI General Insurance made investment in DAM.

Other Details

Company Contact Details

DAM Capital Advisors

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/

Registrar Contact Details

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

DAM Capital Advisors IPO - FAQs

Ans. DAM Capital Advisors Limited IPO is a Mainboard IPO. The issue is priced at ₹269-283 per equity share. The minimum order quantity is 53 Shares. The IPO opens on Dec 19, 2024, and closes on Dec 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The DAM Capital Advisors Limited IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.

Ans. The size of DAM Capital Advisors Limited IPO is OFS : 29,690,900 shares(aggregating up to ₹840.25 Cr).

Ans. The IPO price band is set between ₹269-283 per equity share.

Ans. To apply for DAM Capital Advisors Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find DAM Capital Advisors Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of DAM Capital Advisors Limited IPO is Dec 24, 2024.

Ans. The DAM Capital Advisors Limited IPO will be listed on Dec 27, 2024.

Ans. Follow the steps to check the allotment status for DAM Capital Advisors Limited IPO here.

UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.

DAM Capital Advisors Limited IPO

Offer Date	Dec 19 - Dec 23, 2024
Offer Price	₹ 269-283
Lot Size	53

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