Mumbai based Investment Banking Company DAM Capital Advisors files DRHP with SEBI for the proposed IPO; Key Details here

DAM Capital Advisors is into Financial Services Investment Banking and is looking raise funds through Offer for Sale

DAM Capital Advisors. Offer of Sale of 32,064,010 Equity Shares through public issue IPO

DAM Capital Advisors IPO: DAM Capital Advisors Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 2 per share via initial public offering.

Promoters of DAM Capital Advisors are Dharmesh Anil Mehta, Sonali Dharmesh Mehta and Boombucket Advisors Private Limited and holds 45.88% stake in the company.

Key Details:

• Initial Public Offer comprising of a Offer for Sale of 32,064,010 Equity shares.
• Nuvama Wealth Management have been appointed as lead merchant bankers for the proposed IPO.
• It has appointed Link Intime India Pvt. Ltd. as Registrar and Share transfer Agent.
• Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Equity Shares offer-for-sale (OFS) of up to 32,064,010 equity shares by Promoter selling shareholder include Dharmesh Anil Mehta who will offload Up to 32,064,010 Equity Shares...

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Objects of the issue:
Company will not receive any proceeds from the Offer. The objects of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchange (ii) carry out the Offer for Sale (OFS).

About Company:
Established in 1993, DAM Capital provides wide range of financial services to its clients specially into investment banking domain. It provide financial solutions in 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. During FY24 it holds 12.1% market share in based on the number of initial public offerings (IPO) and qualified institutional placements (QIP) undertaken by the company as the book running lead manager.

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About Industry:
The Indian Capital Market is one of the most dynamic and high growth organised markets in the world. It witnessed strong performance during the period FY11-24. The market capitalization of National Stock Exchange grew at 14.4% CAGR during FY11 to FY4. The NIFTY 50 index has grown at a CAGR of 10.9% over this period. Both domestic and global factors were supportive of foreign capital inflows. The Indian capital market has shown a strong growth in FY24 compared to FY23 in terms of the number of issues (IPO, QIP, OFS, Rights Issue, Buyback, InvIT/REIT, FPO) which have increased from 234 in FY23 to 316 in FY24.

Source: SEBI, BSE, NSE, DRHP, DAM Capital Advisors, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.