DAM Capital Advisors Limited IPO: ₹269 to ₹283 per share
IPO Dates: December 19, 2024 to December 23, 2024
Company Overview
DAM Capital Advisors Limited is a prominent investment bank in India, providing comprehensive financial solutions in two key areas:
Institutional Equities: Offering broking and research services.
Investment Banking: Services include equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory.
Achievements (as of October 31, 2024):
- Executed 72 ECM transactions, including:
- 27 IPOs
- 16 qualified institutional placements
- 6 offers for sale
- 6 preferential issues
- 4 rights issues
- 8 buybacks
- 4 open offers
- 1 IPO for a real estate investment trust.
- Advised on 23 transactions, including M&A advisory, private equity advisory, structured finance advisory, and block trades.
Operational Highlights (as of October 31, 2024):
- Institutional equities division comprises 29 research professionals and 34 broking team members.
- The firm serves 263 active clients, including registered FPIs across regions such as India, the USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, the Middle East, and South Africa.
- Employs a team of 121 professionals across all business units.
- Operates a wholly-owned subsidiary, DAM Capital (USA) Inc., based in New York, registered as a Broker-Dealer with the U.S. SEC.
Company History
DAM Capital began in 1993 as S.S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited. In 1994, it rebranded as S.S. Kantilal Ishwarlal Securities Private Limited (SSKIPL).
In 2006, IDFC started acquiring SSKIPL and completed the acquisition in 2008. In 2019, the IDFC Group sold its stake to Dharmesh Anil Mehta and other investors. Subsequently, in July 2020, the company rebranded to DAM Capital Advisors Limited.
Bidding Starts In
DAM Capital Advisors IPO Specifics:
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹269 to ₹283 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 2,96,90,900 shares (aggregating up to ₹840.25 Cr) |
| Offer for Sale | 2,96,90,900 shares of ₹2 (aggregating up to ₹840.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,06,86,000 shares |
| Share Holding Post Issue | 7,06,86,000 shares |
DAM Capital Advisors IPO Timetable (Important Dates)
DAM Capital Advisors IPO IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
DAM Capital Advisors IPO Lot Size
Bidders have the opportunity to bid for a minimum of 35 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 54.72% |
| RoNW | 44.98% |
| PAT Margin | 38.75 |
| Price to Book Value | 12.76 |
Objects of the Issue (DAM Capital Advisors IPO Objectives)
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
DAM Capital Advisors IPO Prospectus
