IPO Insights

DAM Capital Advisors IPO

NiftyTrader • December 16, 2024

DAM Capital Advisors IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The allotment for the DAM Capital Advisors IPO is expected to be finalized on Tuesday, December 24, 2024. DAM Capital Advisors IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 27, 2024.

DAM Capital Advisors IPO price band is set at ₹269 to ₹283 per share. The minimum lot size for an application is 53. The minimum amount of investment required by retail investors is ₹14,999. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹2,09,986, and for bNII, it is 67 lots (3,551 shares), amounting to ₹10,04,933.

DAM Capital Advisors IPO is a book built issue of Rs 840.25 crores. The issue is entirely an offer for sale of 2.97 crore shares.

DAM Capital Advisors IPO Details

IPO DateDecember 19, 2024 to December 23, 2024
Listing Date[.]
Face Value₹2 per share
Price₹269 to ₹283 per share
Lot Size53 Shares
Total Issue Size2,96,90,900 shares
(aggregating up to ₹840.25 Cr)
Fresh Issue2,96,90,900 shares of ₹2
(aggregating up to ₹840.25 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding pre-issue7,06,86,000 shares
Share holding post issue7,06,86,000 shares

DAM Capital Advisors IPO Lot Size

Investors can bid for a minimum of 53 shares and in multiples thereof. The below 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
S-HNI (Min)14742₹2,09,986
S-HNI (Max)673,498₹9,89,934
B-HNI (Min)683,551₹10,04,933

DAM Capital Advisors IPO Objectives

The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

About DAM Capital Advisors

DAM Capital Advisors is an investment bank in India. The company offers a wide range of financial solutions in the 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.

The company has successfully executed 72 ECM transactions comprising 27 IPOs, 16 qualified institutions placements, 6 offers for sale, 6 preferential issues, 4 rights issues, 8 buybacks, 4 open offers and 1 initial public offer of units by a real estate investment trust. (since the Acquisition i.e., November 7, 2019, till October 31, 2024).

DAM Capital Advisors Limited has also advised on 23 advisory transactions including M&A; A advisory, private equity advisory and structured finance advisory and has also executed block trades since the Acquisition i.e., November 7, 2019, till October 31, 2024.

The institutional equities business, as of October 31, 2024, comprises 29 employees in research and 34 employees in the broking team.

The company has provided services to 263 active clients including registered FPIs spread across geographies such as India, USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, Middle East and South Africa.

As of October 31, 2024, The company had a team of 121 employees across all businesses. The company’s wholly-owned Subsidiary, DAM Capital (USA) Inc. is incorporated in New York, USA and is registered as a Broker-Dealer with the Securities and Exchange Commission.

Company’s History:

The company started its journey in the securities market in 1993 as S.S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited. In 1994, the company rebranded as S.S. Kantilal Ishwarlal Securities Private Limited (SSKIPL).

In 2006, Infrastructure Development Finance Company (IDFC) started acquiring SSKIPL, completing the process in 2008. In 2019, the IDFC group sold its entire stake to Dharmesh Anil Mehta and other investors. Following this, in July 2020, the company rebranded as DAM Capital Advisors.

DAM Capital Advisors Financial Information

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets214.681,201.16166.72
Revenue18285.0494.51
Profit After Tax70.528.6721.9
Net Worth162.6195.1387.97
Reserves and Surplus148.4780.9973.84
Total Borrowing4.933.291.41
Amount in ₹ Crore

DAM Capital Advisors IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer

DAM Capital Advisors IPO Timeline (Tentative Schedule)

DAM Capital Advisors IPO opens on December 19, 2024, and closes on December 23, 2024.

IPO Open DateThursday, December 19, 2024
IPO Close DateMonday, December 23, 2024
Basis of AllotmentTuesday, December 24, 2024
Initiation of RefundsThursday, December 26, 2024
A credit of Shares to DematThursday, December 26, 2024
Listing DateFriday, December 27, 2024
Cut-off time for UPI mandate confirmation5 PM on December 23, 2024

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