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DAM Capital Advisors IPO is a book build issue of ₹840.25 crores. The issue is entirely an offer for sale of 2.97 crore shares of ₹840.25 crore.
DAM Capital Advisors IPO bidding started from Dec 19, 2024 and ended on Dec 23, 2024. The allotment for DAM Capital Advisors IPO was finalized on Dec 24, 2024. The shares got listed on BSE, NSE on Dec 27, 2024.
DAM Capital Advisors IPO price band is set at ₹283.00 per share . The lot size for an application is 53. The minimum amount of investment required by an retail is ₹14,257 (53 shares). The 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.
The issue includes a reservation of up to 70,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to DAM Capital Advisors IPO RHP for detailed Information.
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹269 to ₹283 per share |
| Issue Price Final | ₹283 per share |
| Lot Size | 53 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 2,96,90,900 shares (aggregating up to ₹840.25 Cr) |
| Issue Type | Bookbuilding 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 offers total 2,96,90,900 shares. Out of which 1,48,10,449 (49.88%) allocated to QIB, 59,24,181 (19.95%) allocated to QIB, 44,43,135 (14.96%) allocated to NII, 1,03,67,316 (34.92%) allocated to RII and 88,86,268 (29.93%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,48,10,449 (49.88%) | NA |
| − Anchor Investor Shares Offered | 88,86,268 (29.93%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 59,24,181 (19.95%) | NA |
| NII (HNI) Shares Offered | 44,43,135 (14.96%) | NA |
| − bNII > ₹10L | 29,62,090 (9.98%) | 3,992 |
| − sNII < ₹10L | 14,81,045 (4.99%) | 1,996 |
| Retail Shares Offered | 1,03,67,316 (34.92%) | 1,95,609 |
| Employee Shares Offered | 70,000 (0.24%) | NA |
| Total Shares Offered | 2,96,90,900 (100.00%) |
| 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 |
|
Yes for Employee and RII/NII |
DAM Capital Advisors IPO raises ₹251.48 crore from anchor investors. DAM Capital Advisors IPO Anchor bid date is December 18, 2024. DAM Capital Advisors IPO Anchor Investors list
| Bid Date | December 18, 2024 |
| Shares Offered | 88,86,268 |
| Anchor Portion Size (In Cr.) | 251.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 23, 2025 |
DAM Capital Advisors IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thu, Dec 19, 2024 |
| IPO Close Date | Mon, Dec 23, 2024 |
| Tentative Allotment | Tue, Dec 24, 2024 |
| Initiation of Refunds | Thu, Dec 26, 2024 |
| Credit of Shares to Demat | Thu, Dec 26, 2024 |
| Tentative Listing Date | Fri, Dec 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 23, 2024 |
Investors can bid for a minimum of 53 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 |
| Total Income | 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 |
| Amount in ₹ Crore | |||
The market capitalization of DAM Capital Advisors IPO is ₹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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.98 | 9.98 |
| P/E (x) | 28.37 | 28.37 |
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
[Dilip Davda] The company is the fastest growing merchant banking company with the highest profit margins. It is also in broking business and providing investors related services. The company posted declined top and bottom lines for FY23 in line with the general trends in the industry. Based on FY25 annualized earnings, the issue appears fully priced. However, considering its market fancy, investors may park funds for medium to long term. Read detail review...
| Listing Date | December 27, 2024 |
| BSE Script Code | 544316 |
| NSE Symbol | DAMCAPITAL |
| ISIN | INE284H01025 |
| Final Issue Price | ₹283 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
DAM Capital Advisors Ltd.
PG-1, Ground Floor,
Rotunda Building, Dalal Street,
Fort, Mumbai 400001,
Fort, Maharashtra
Phone: +91 22 4202 2500
Email: compliance@damcapital.in
Website: https://www.damcapital.in/
MUFG Intime India Pvt.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 is a main-board IPO of 2,96,90,900 equity shares of the face value of ₹2 aggregating up to ₹840.25 Crores. The issue is priced at ₹283 per share. The minimum order quantity is 53.
The IPO opens on December 19, 2024, and closes on December 23, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in DAM Capital Advisors IPO using UPI as a payment gateway. Zerodha customers can apply in DAM Capital Advisors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DAM Capital Advisors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DAM Capital Advisors IPO opens on December 19, 2024 and closes on December 23, 2024.
DAM Capital Advisors IPO lot size is 53, and the minimum amount required for application is ₹14,999.
You can apply in DAM Capital Advisors IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for DAM Capital Advisors IPO will be done on Tuesday, December 24, 2024, and the allotted shares will be credited to your demat account by Thursday, December 26, 2024. Check the DAM Capital Advisors IPO allotment status.
The DAM Capital Advisors IPO listing date is on Friday, December 27, 2024.
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