Bookbuilding IPO | ₹840 Cr | Listed at BSE, NSE | Thu, Dec 19, 2024 - Mon, Dec 23, 2024
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 per share. The lot size for an application is 53. The minimum amount of investment required by an retail is ₹14,999 (53 shares) (based on upper price). 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 Open
Thu, Dec 19, 2024
IPO Close
Mon, Dec 23, 2024
Issue Price
₹283 per share
Market Cap (Pre-IPO)
₹2,000.41 Cr
| IPO Date | 19 to 23 Dec, 2024 |
| Listed on | Fri, Dec 27, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹269 to ₹283 |
| Issue Price | ₹283 per share |
| Lot Size | 53 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,96,90,900 shares (agg. up to ₹840 Cr) |
| Offer for Sale | 2,96,90,900 shares of ₹2 (agg. up to ₹840 Cr) |
| Share Holding Pre Issue | 7,06,86,000 shares |
| Share Holding Post Issue | 7,06,86,000 shares |
| BSE Script Code / NSE Symbol | 544316 / DAMCAPITAL |
| ISIN | INE284H01025 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 53 shares and in multiples thereof.
| 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 |
DAM Capital Advisors IPO raises ₹251.48 crore from anchor investors. DAM Capital Advisors IPO Anchor bid date is December 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 18, 2024 |
| Shares Offered | 88,86,268 |
| Anchor Portion (₹ Cr.) | 251.48 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 23, 2025 |
| 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 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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 214.68 | 1,201.16 | 166.72 |
| Total Income | 182.00 | 85.04 | 94.51 |
| Profit After Tax | 70.52 | 8.67 | 21.90 |
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 54.72% |
| RoNW | 44.98% |
| PAT Margin | 38.75% |
| Price to Book Value | 12.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.98 | 9.98 |
| P/E (x) | 28.37 | 28.37 |
| Promoter Holding | 44.38% | 40% |
| Market Cap | ₹2,000.41 Cr. |
The DAM Capital Advisors IPO is subscribed 81.88 times on December 23, 2024 6:19:12 PM (Day 3). The public issue subscribed 26.8 times in the retail category, 166.33 times in the QIB category, and 98.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 166.33 | 59,24,182 | 98,53,97,571 |
| NII | 98.47 | 44,43,135 | 43,75,19,399 |
| bNII (bids above ₹10L) | 102.21 | 29,62,090 | 30,27,46,653 |
| sNII (bids below ₹10L) | 91 | 14,81,045 | 13,47,72,746 |
| Retail | 26.8 | 1,03,67,315 | 27,78,15,135 |
| Employee | 40.09 | 70,000 | 28,06,244 |
| Total | 81.88 | 2,08,04,632 | 1,70,35,38,349 |
Total Application : 47,35,871
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM including underwriting commission, brokerage and selling commission, as applicable | 1.49 |
| 2 | Commission and processing fees for SCSBs ⁽⁽ Bankers to the Offer and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs⁽⁽⁽⁽⁽⁽ | 0.28 |
| 3 | Fees payable to the Registrar to the Offer | 0.07 |
| 4 | Other expenses: | |
| 5 | Listing fees, SEBI and Stock Exchange filing fees, book building software fees, NSDL and CDSL fee and other regulatory expenses | 0.84 |
| 6 | Printing and stationery expenses | 0.04 |
| 7 | Fees payable to the Statutory Auditor, Independent Chartered Accountant, industry service provider, independent chartered engineer and ROC consultant | 0.17 |
| 8 | Advertising and marketing expenses for the Offer | 0.24 |
| 9 | Fees payable to the legal counsels to the Offer | 0.31 |
| 10 | Miscellaneous | 0.11 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹283.00 | ₹283.00 |
| Open | ₹392.90 | ₹393.00 |
| Low | ₹392.90 | ₹392.95 |
| High | ₹456.90 | ₹456.90 |
| Last Trade | ₹415.05 | ₹415.10 |
Lead Manager Reports
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 Crores. The issue is priced at ₹283 per share. The minimum order quantity is 53.
The IPO opens on Thu, Dec 19, 2024, and closes on Mon, Dec 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 Thu, Dec 19, 2024 and closes on Mon, Dec 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 Thu, Dec 26, 2024. Check the DAM Capital Advisors IPO allotment status.
The DAM Capital Advisors IPO listing date is on Fri, Dec 27, 2024.
