DAM Capital Advisors IPO

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 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

 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 DateDecember 19, 2024 to December 23, 2024
Listing DateFriday, December 27, 2024
Face Value₹2 per share
Price Band₹269 to ₹283 per share
Lot Size53 Shares
Total Issue Size2,96,90,900 shares (aggregating up to ₹840.25 Cr)
Offer for Sale2,96,90,900 shares of ₹2 (aggregating up to ₹840.25 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Lot allocation details

ApplicationLotsSharesAmount
Retail (Min)153₹14,999
Retail (Max)13689₹1,94,987
S-HNI (Min)14742₹2,09,986
S-HNI (Max)663498₹9,89,934
B-HNI (Min)673551₹10,04,933

Allotment Schedule

Basis of AllotmentTuesday, December 24, 2024
Initiation of RefundsThursday, December 26, 2024
The 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

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

To check allotment, click here