IPO

DAM Capital Advisors Limited IPO

Mainboard

Stockbroking & Allied

Listed On: Dec 27, 2024 at ₹ 393.0(NSE)

₹ 14999 /53 Shares

Check Allotment

19 Dec, 2024

Open Date

23 Dec, 2024

Close Date

24 Dec, 2024

Allotment Date

27 Dec, 2024

Listing Date
Price Summary

Last Closing

254.30 (-10.14%)

52 Week High

456.90

52 Week Low

195.55

Last Update

13-Oct-2025 3:30 PM
DAM Capital Advisors IPO Issue Details
  • Issue Price ₹269-283 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 2,96,90,900 shares(aggregating up to ₹840.25 crore)
  • Offer For Sale 2,96,90,900 shares(aggregating up to ₹840.25 crore)
  • Listing at BSE, NSE
  • List Price 393.0(NSE)
  • Listing Date 2024-12-27
  • Lead Manager Nuvama Wealth Management Limited
  • Registrar Link Intime India Private Ltd
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.

ApplicationLotsSharesAmount
Retail (min)153₹14,999
Retail(max)13689₹1,94,987
DAM Capital Advisors IPO Reservation

DAM Capital Advisors IPO offers total 2,96,90,900 shares. Out of which 59,24,182 (19.95%) allocated to QIB, 44,43,135 (14.96%) allocated to NII,1,03,67,315 (34.92%) allocated to RII, 70,000 (0.24%) allocated to employees and 88,86,268 (29.93%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered88,86,268 (29.93%)
QIB Shares Offered59,24,182 (19.95%)
NII (HNI) Shares Offered44,43,135 (14.96%)
bNII < ₹10L29,62,090 (9.98%)
sNII < ₹10L14,81,045 (4.99%)
Retail Shares Offered1,03,67,315 (34.92%)
Employee Shares Offered70,000 (0.24%)
Total Shares Offered2,96,90,900 (100%)
DAM Capital Advisors IPO Documents
DRHP
RHP
ANCHOR
DAM Capital Advisors IPO Details


DAM Capital Advisors IPO is a book-built issue of ₹840.25 crores, The total issue size is ₹840.25 crores. The IPO of DAM Capital Advisors is priced at ₹269-283 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Dec 19, 2024 and ends on Dec 23, 2024. The allotment for DAM Capital Advisors IPO will be finalized on Dec 24, 2024. DAM Capital Advisors IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 27, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 53 shares, extendable to 14,999. The book-running lead manager for the IPO is/are Nuvama Wealth Management Limited.

The total issue ₹840.25 crore and having Offer for Sale (OFS) of 2,96,90,900 shares to mop up ₹840.25 crore.

The DAM Capital Advisors IPO sets its price band at 269-283 for each share. A single application for DAM Capital Advisors Limited IPO must contain at least 53 shares. Sentiment investors need to invest a minimum of 53 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,999

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DAM Capital Advisors IPO Subscription Analysis And Details
Retail
26.73x
QIB
166.33x
NII
98.46x
bNII
102.21x
sNII
90.96x
Total
81.84x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved59,24,18244,43,135
29,62,090    14,81,045		1,03,67,3152,08,04,632
Day 1 19-12-24 05:00 PM
0.01 x3.72
2.74 x   5.68 x		3.88 x2.75 x
Day 2 20-12-24 05:00 PM
0.07 x11.49
9.33 x   15.80 x		8.96 x6.98 x
Day 3 23-12-24 05:00 PM
166.33 x98.46
102.21 x   90.96 x		26.73 x81.84 x
Total No of Applications
47,26,323
Subscription on the basis of Applications
Retail:22.55x BHNI:20.85x SHNI:87.89x
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
ROE 54.72%
RoNW 44.98%
PAT Margin 38.75
Price to Book Value 12.76
DAM Capital Advisors Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets214.681,201.16166.72
Revenue18285.0494.51
Profit After Tax70.528.6721.9
Net Worth162.6195.1387.97
Reserves & Surplus148.4780.9973.84
Total Borrowing4.933.291.41
About DAM Capital Advisors 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.

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DAM Capital Advisors - Promoter(s)

Dharmesh Anil Mehta

Sonali Dharmesh Mehta

Boombucket Advisors Private Limited

Pre Issue Share Holding : 45.88%

Post Issue Share Holding : 41.50%

DAM Capital Advisors IPO - Issue Objectives
1

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 NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
DAM Capital Advisors Limited9.989.9823N/A43.37N/AConsolidated
Icici Securities Ltd52.5152.22121.415.443.256.66Consolidated
Iifl Securities Ltd16.7316.458.0916.6828.714.8Consolidated
Jm Financial Ltd.4.294.29115.721.430.256.03Consolidated
Motilal Oswal Financial Services Ltd.41.1640.73147.1216.9427.890.62Consolidated

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.
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.
Contact Details

DAM Capital Advisors

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

+91 22 4202 2500

compliance@damcapital.in

https://www.damcapital.in/

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