DAM Capital Advisors IPO

DAM Capital Advisors IPO is listed on BSE and NSE, priced at ₹269–₹283 per share. The stock debuted at ₹393, delivering a listing gain of 38.9%. The IPO had a lot size of ₹53 shares and a minimum investment of ₹14,999.

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DAM Capital Advisors Limited IPO

Mainboard Listed
₹14,999 (53 Shares)
Minimum Investment
Check Allotment
IPO Dates
Dec 19, 2024 – Dec 23, 2024
Price band
₹269-283 per equity share
Minimum Investment
₹14,999
Issue size
₹840.25 Cr
Lot size
53
Allotment Date
Dec 24, 2024
Listing
Dec 27, 2024
Listing At
BSE, NSE

  1. Dec 19, 2024

    Open Date

    Completed

  2. Dec 23, 2024

    Close Date

    Completed

  3. Dec 24, 2024

    Allotment Date

    Completed

  4. Dec 27, 2024

    Listing Date

    Completed

Price Summary

Last closing
156.50 (-44.7%)
52 week high
303.50
52 week low
119.22
Last update

DAM Capital Advisors IPO Essentials

DAM Capital Advisors IPO Details

DAM Capital Advisors IPO is priced at ₹269-283 per share with a total issue size of 840.25 crore. The IPO has a lot size of 53 shares and is listed on BSE and NSE.

Issue price
₹269-283 per equity share
Lot size
53 shares
Face value
₹2 Per Equity Share
Issue size
OFS : 29,690,900 shares(aggregating up to ₹840.25 Cr)
Total issue size
2,96,90,900 shares
(aggregating up to ₹840.25 crore)
Offer for sale (OFS)
2,96,90,900 shares
(aggregating up to ₹840.25 crore)
Listing at
BSE, NSE
List price
393.0(NSE)
Listing date
Registrar
Link Intime India Private Ltd
Lead manager
Nuvama Wealth Management Limited

Market Lot Size

Investors can bid for a minimum of 53 shares and in multiples thereof. The following 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

DAM Capital Advisors IPO Documents

DRHP

RHP

ANCHOR

DAM Capital Advisors IPO Reservation

DAM Capital Advisors IPO reservation details show category-wise allocation of shares. Out of the total 2,96,90,900 shares, approximately 19.95% are reserved for QIB, 14.96% for NII, 34.92% for retail investors, 0.24% for employees, and 29.93% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 88,86,268 (29.93%)
QIB Shares Offered 59,24,182 (19.95%)
NII (HNI) Shares Offered 44,43,135 (14.96%)
bHNI > ₹10L 29,62,090 (9.98%) 3,992
sHNI < ₹10L 14,81,045 (4.99%) 1,996
Retail Shares Offered 1,03,67,315 (34.92%) 1,95,609
Employee Shares Offered 70,000 (0.24%)
Total Shares Offered 2,96,90,900 (100%)

DAM Capital Advisors IPO Analytics

DAM Capital Advisors IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

DAM Capital Advisors IPO Subscription Status

DAM Capital Advisors IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
 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
3.72x
2.74x
5.68x
3.88 x 2.75 x
Day 2 20-12-24 05:00 PM
0.07 x
11.49x
9.33x
15.80x
8.96 x 6.98 x
Day 3 23-12-24 05:00 PM
166.33 x
98.46x
102.21x
90.96x
26.73 x 81.84 x

Anticipated Subscription on the basis of Applications

Total No. of Applications
bHNI sHNI Retail
47,26,323 (Approx) —x —x 22.55x

Subscription levels combined with expected premium trends indicate overall market sentiment and possible listing expectations for the IPO.

DAM Capital Advisors Valuations

Earnings

EPS Pre IPO
9.98
EPS Post IPO
9.98
P/E Pre IPO
28.37
P/E Post IPO
28.37

Returns

ROE
54.72%
RoNW
44.98%
PAT Margin
38.75

Fundamentals

Price / Book
12.76

Data sourced from DRHP / RHP • For educational purposes only

DAM Capital Advisors Financials( In Crs.)

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
Net Worth 162.61 95.13 87.97
Reserves & Surplus 148.47 80.99 73.84
Total Borrowing 4.93 3.29 1.41

DAM Capital Advisors financials show revenue growth and profitability trends over recent years, indicating business stability.

DAM Capital Advisors Company & Offer Insights

About DAM Capital Advisors

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 Promoter(s)

Dharmesh Anil Mehta, Sonali Dharmesh Mehta, Boombucket Advisors Private Limited are the company's promoters of DAM Capital Advisors.

Pre-Issue Holding
45.88%
Post-Issue Holding
41.50%

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.

DAM Capital Advisors IPO - Peers Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
DAM Capital Advisors Limited 9.98 9.98 23 N/A 43.37 N/A Consolidated
Icici Securities Ltd 52.51 52.22 121.4 15.4 43.25 6.66 Consolidated
Iifl Securities Ltd 16.73 16.4 58.09 16.68 28.71 4.8 Consolidated
Jm Financial Ltd. 4.29 4.29 115.7 21.43 0.25 6.03 Consolidated
Motilal Oswal Financial Services Ltd. 41.16 40.73 147.12 16.94 27.89 0.62 Consolidated

Notes:

  1. Total Income = Total revenue from operations + other income.
  2. Closing price on August 23, 2024 has been taken as the Last Traded Price (LTP) as on August 23, 2024 at NSE.
  3. Basic EPS refers to the basic EPS sourced from the annual report/ financial results of the respective company for the year ended March 31, 2024.
  4. Diluted EPS refers to the diluted EPS sourced from the annual report/ financial results of the respective company for the year ended March 31, 2024.
  5. Net Asset Value per Equity Share for FY 2024 = Net worth as per the Restated Consolidated Financial Statements for the year ended March 31, 2024 / Number of equity shares outstanding as at the end of financial year.
  6. P/E Ratio (Based on Basic EPS) has been computed based on the closing market price of equity shares on NSE on August 23, 2024 divided by the Basic EPS.
  7. P/E Ratio (Based on Diluted EPS) has been computed based on the closing market price of equity shares on NSE on August 23, 2024 divided by the Diluted EPS provided under Note 3.
  8. Return on Net Worth (%) = Net Profit after tax attributable to shareholders of the Company, as per Restated Consolidated Financial Statements for the year / net worth for the years as per Restated Consolidated Financial Statements.
  9. 'Net worth': Net worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off.
  10. For ICICI Securities, the number of shares outstanding have been calculated by dividing PAT by Basic EPS.
  11. For Motilal Oswal, basic and diluted EPS reflects increase in paid-up share capital from ₹149,260,903 to ₹597,043,612 after the bonus issue (3 bonus shares for every share issued) approved by the Board of Directors and Shareholders of the Company in their resolutions dated April 26, 2024 and May 30, 2024, respectively.

DAM Capital Advisors IPO - Strengths and Risks

DAM Capital Advisors IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

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.

Risks

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.

Contact Information

Contact Details

DAM Capital Advisors

+91 22 4202 2500

compliance@damcapital.in

https://www.damcapital.in/

PG-1, Ground Floor, Rotunda Building, Dalal Street,, Fort, Mumbai 400001

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

damcapital.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html

Frequently Asked Questions

Click any question to reveal the answer

DAM Capital Advisors IPO is a book-built IPO worth ₹840.25 crore. The price band is ₹269–₹283 per share. The IPO opens on Dec 19, 2024 and closes on Dec 23, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.

The price band of DAM Capital Advisors IPO is ₹269 to ₹283 per share.

The lot size of DAM Capital Advisors IPO is 53 shares.

The minimum investment for DAM Capital Advisors IPO is approximately ₹14,999 based on the upper price band .

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

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

DAM Capital Advisors IPO is expected to be listed on Dec 27, 2024, on BSE and NSE .

DAM Capital Advisors IPO listed on Dec 27, 2024. It was issued at ₹393.0(NSE) and is currently around ₹156.50 as on 14-May-2026 3:30 PM, which is approximately -44.7% versus issue price. The 52-week high is ₹303.50.

Based on listing and post-listing performance, DAM Capital Advisors IPO delivered around -44.7% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy DAM Capital Advisors IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

DAM Capital Advisors IPO valuation snapshot: P/E 28.37, EPS 9.98, P/B 12.76, RoNW 44.98%, and market cap N/A.

To apply for DAM Capital Advisors IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of DAM Capital Advisors IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for DAM Capital Advisors IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check DAM Capital Advisors IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the DAM Capital Advisors IPO allotment status on IPO Ji for quick and easy access.