DAM Capital Advisors is into Financial Services Investment Banking sector and is looking raise funds through Offer for Sale
IPO Summary
DAM Capital Advisors IPO is a public offering of shares by Dharmesh Anil Mehta, Sonali Dharmesh Mehta and Boombucket Advisors Private Limited. The IPO will open on December 19 and will close on December 23. The price band is ₹269 to ₹283 per share and the lot size is 53 shares. The issue size is ₹840.25 crore. The shares are expected to be listed on NSE, BSE on December 27 (^). Some additional information that you may find useful are: Revenue for FY24 at Rs180 crores (v/s Rs85.0/Rs93.4 crores in FY23/FY22). EBITDA for FY24 at Rs103 crores (v/s Rs18.3/Rs34.3 crores in FY23/FY22). EBITDA margins for FY24 at 56.6% (v/s 21.6%/36.3% in FY23/FY22). PAT Margin for FY24 at 38.7% (v/s 10.2%/23.2% in FY23/FY22).: (**) - based on higher price band (^) indicative datePromoters of the company are Dharmesh Anil Mehta, Sonali Dharmesh Mehta and Boombucket Advisors Private Limited Currently promoters hold 45.88% stake in the company. While post-equity promoters stake will be 41.5%
- Company aims to raise between Rs 799 to 840 crs through this IPO.
- The net proceeds of the issue will be utilized to 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)
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 18-Dec-24.
- Price band for the IPO has been fixed at Rs 269 to 283 per share and bid lot are in multiple of 53 shares. The implied market cap post-issue at Rs 1,901 to 2,000 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on December 24 and share are expected to be listed on NSE, BSE on December 27.
- Company has direct peer competition in India'a Investment Banking domain. In Listed space peers include ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal among others.
- Nuvama Wealth Management has been appointed as Merchant Banker to the issue. Link Intime India Pvt. Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of DAM Capital Advisors IPO:
| DAM Capital Advisors Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 1993 | Mumbai | Financial Services | Investment Banking |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (OFS) | Book Building | 27-Dec-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 19-Dec-24 to 23-Dec-24 | ₹ 269 to 283 per sh | ₹ 2 per sh | 53 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 53 shares ₹ 14,999 | 689 shares up to ₹ 194,987 | 742 to 3,498 shares ₹ 209,986 to 989,934 | 3,551 shares and above ₹ 1,004,933 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About DAM Capital Advisors Limited
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.
Revenue for FY24 at Rs180 crores (v/s Rs85.0/Rs93.4 crores in FY23/FY22). EBITDA for FY24 at Rs103 crores (v/s Rs18.3/Rs34.3 crores in FY23/FY22). EBITDA margins for FY24 at 56.6% (v/s 21.6%/36.3% in FY23/FY22). PAT Margin for FY24 at 38.7% (v/s 10.2%/23.2% in FY23/FY22).
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.
| DAM Capital Advisors Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 18-Dec-24 |
| IPO Open | 19-Dec-24 |
| IPO Close | 23-Dec-24 |
| Allotment | 24-Dec-24 |
| Credit of Shares | 26-Dec-24 |
| Refund | 26-Dec-24 |
| Listing | 27-Dec-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| DAM Capital Advisors Limited IPO - Management Details: | |
|---|---|
| Dharmesh Anil Mehta, Managing Director and Chief Executive Officer and Promoter He has over 25 years of experience in Financial Services industry. He has passed the examination of FY B. Com from H.R. College of Commerce and Economics, University of Mumbai and was awarded “The General Leadership Award” on January 25, 1991. He established the institutional equities business at ENAM Securities Private Limited (“ENAM Securities”). Post the acquisition of ENAM Securities by Axis Bank Limited, in the year 2015 he undertook the role as the managing director and chief executive officer of Axis Capital Limited (“Axis Capital”). After exiting Axis Capital in December 2018, Dharmesh Anil Mehta along with other investors acquired DAM Capital Advisors (formerly IDFC Securities Limited). | |
| Hitesh Mahendrakumar Desai, Chief Financial Officer He has been associated with the Company since August 1, 1994. He holds a bachelor’s degree in commerce with specialisation in financial accounting and auditing from St. Xavier’s College, University of Bombay. He also holds a post graduate diploma in finance management from Welingkar Institute of Management Development and Research. | |
| Madhuri Sharma, Company Secretary and Compliance Officer She has been associated with the company since 2014. She has been the Company Secretary and Compliance Officer of the company wef September 01, 2023. She holds a bachelor’s degree in Commerce from Gujarat University. She also holds a Bachelor’s degree in law from Gujarat University. She also holds a master’s degree in business administration with specialization in corporate law management and banking management from Indian School of Business Management and Administration. She has over 14 years of experience in secretarial, compliance and legal matters | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| DAM Capital Advisors Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 50 | NA | 14,810,450 | NA | 419.14 |
| Non-Retail (NII) | 15 | NA | 4,443,135 | NA | 125.74 |
| Non-Retail (NII): >Rs10L | NA | 2,962,090 | NA | 83.83 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 1,481,045 | NA | 41.91 | |
| Retail | 35 | NA | 10,367,315 | NA | 293.4 |
| Employee | NA | 70,000 | . | . | |
| Shareholder | NA | 70,000. | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
Check IPO Allotment status of DAM Capital AdvisorsIPO:
| DAM Capital Advisors Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| DAM Capital Advisors Limited - Documents | |
|---|---|
Disclaimer:
Above article only publishes details on the companies and about forthcoming / upcoming IPO' and are solely intended for educational purpose. We don't solicit or invite any interest of user to invest in any of the investment products. Please review DRHP/RHP/Prospectus for more details about the company, fundamentals and other details. Please visit respective sources to verify and know more details about the IPO. SME IPOs can be more volatile due to smaller market capitalization and liquidity. Prices may fluctuate significantly in response to market conditions. We advise users and/or investors to take opinion from certified and SEBI registered experts before taking any investment decisions.
| Source: SEBI, BSE, NSE |
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