DAM Capital Advisors’ IPO consists of a book-built issue totaling ₹840.25 crores. The entire issue consists of an offer for sale of 2.97 crore shares.
DAM Capital Advisors is opening its IPO subscription on 19th December 2024 and closing it on 23rd December 2024. The allotment for the IPO might happen on Tuesday, 24th December 2024. The IPO for DAM Capital Advisors would list on BSE, NSE, with a tentative listing date fixed as Friday, 27th December 2024.
The IPO price band for DAM Capital Advisors is set at ₹269 to ₹283 per share. The minimum lot size for application is of 53 shares. Retail investors must make a minimum investment of ₹14,999. The minimum lot size investment for sNII is 14 lots (742 shares) and amounts to ₹2,09,986, and for bNII, it is 67 lots (3,551 shares) worth ₹10,04,933.
DAM Capital IPO Details
| IPO Date | Dec 19, 2024 to Dec 23, 2024 |
| Listing Date | Dec 27, 2024 |
| 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 Timeline
| 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 |
| Shares Credited to Demat Account | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| UPI Mandate Confirmation Deadline | 5 PM on December 23, 2024 |
DAM Capital Advisors IPO Lot Size
| 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 |
About Dams Capital Advisors limited
If you talk about DAM Capital Advisors Limited, you are an investment banker of India. There is a pretty good spread of services in this regard with:
(i) Investment banking – you’ll find your work on capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), structured finance advisory.
(ii) Institutional equities – broking, research.
It has achieved in all 72 ECM transactions, 27 of such being IPOs, 16 placements qualified for institutions, 6 offers for sale, 6 preferential issues, 4 rights issues, 8 buybacks, 4 open offers and 1 IPO of units by a real estate investment trust.(from the date of acquisition, i.e., November 7, 2019, until October 31, 2024).
Advice on 23 advisory transactions M&A; A advisory, private equity advisory, structured finance advisory in which DAM Capital Advisors Limited has also engaged has executed block trades since the date of acquisition, i.e., November 7, 2019, to October 31, 2024.
Corporate Finance
DAM Capital Advisors Financial Information (Restated Consolidated)
In the financial year ending on March 31, 2024, compared with the previous year, DAM Capital Advisors Limited posted more than double the revenues at an increase of 114% and witnessed a PAT growth of 713%.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 and Surplus | 148.47 | 80.99 | 73.84 |
| Total Borrowing | 4.93 | 3.29 | 1.41 |
Impacts of the Issue-Objects (Mainly DAM Capital Advisors IPO Objectives)
A part of Offer for Sale by the Selling Shareholders will not be availed by the company from proceeds.
DAM Capital Advisors IPO Review-Apply
[Dilip Davda] The fastest growing merchant banking company, with the greatest profitability margins, is also into broking business and extending investors-related services. The top and bottom lines of the company declined in FY23, following the general trend in the industry. The issue appears fully priced at FY25 annualized earnings, but given the market fancy, investors may park funds for the medium to long term.
Stockbox Recommendation
| Investment Horizon | Recommendation |
| Listing Gain | YES |
| Short-Term Gain | YES |