DAM Capital Advisors IPO is a book-built issue of Rs 840.25 crores. The issue is entirely an offer for the sale of 2.97 crore shares.
The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The price band for the IPO is set at ₹269 to ₹283 per share and the minimum lot size for an application is 53 shares.
Company Summary
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 Limited.
DAM Capital Advisors Limited 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
(ii) Institutional equities comprising broking and research.
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 company has provided services to 263 active clients including registered FPIs spread across geographies such as India, the USA, the UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, the 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 Financials
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 |
Amount in ₹ Crore |
Objectives of the IPO
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Promoters of the company
Dharmesh Anil Mehta, Sonali Dharmesh Mehta, and Boombucket Advisors Private Limited are the Promoters of the Company.
IPO details
IPO Date | December 19, 2024 to December 23, 2024 |
Listing Date | Friday, December 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 |
Lot allocation details
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 | 3498 | ₹9,89,934 |
B-HNI (Min) | 67 | 3551 | ₹10,04,933 |
Allotment Schedule
Basis of Allotment | Tuesday, December 24, 2024 |
Initiation of Refunds | Thursday, December 26, 2024 |
The 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 |
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 |
To check allotment, click here