IPO Details
RHP/DRHPIssue Date
--
Investment/lot
₹ 14999
Price Range
269 - 283
Lot Size
53
IPO Size
₹ 840.25 Cr
IPO Listing Details
Listing On
27 Dec'24
Issue Price
283
Listed Price
₹ 393
Retail Gain/Listing Gain
▲38.87%
Schedule of Dam Capital Advisors IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
27/12/2024
About Dam Capital Advisors Limited IPO
Dam Capital Advisors Limited is an IPO of ₹840.25 crores. The issue is an offer for sale of ₹840.25 crores. The IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The shares will be allotted on Dec 24, 2024 and the initiation of refunds will happen on Dec 26, 2024.
Objective of Dam Capital Advisors IPO
- Fund incremental working capital requirements of our Company;
- Fund capital expenditure of our Company; and
- General corporate purposes.
Dam Capital Advisors IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | ₹283 |
Existing Shares to be Sold | 29,690,900 equity shares of ₹2 each (Offer for Sale) |
Fresh Issue | None (No fresh issue; complete Offer for Sale) |
Market Capitalisation (₹) | ₹2000 crore |
EPS (₹) | 9.98 (FY24) |
Dam Capital Advisors IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 46 | ₹ 14,766 |
Retail (Max) | 13 | 598 | ₹ 1,91,958 |
S-HNI (Min) | 14 | 644 | ₹ 2,06,724 |
S-HNI (Max) | 67 | 3,082 | ₹ 9,89,322 |
IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not more than 50% of the Offer |
Retail Shares Offered | Not less than 35% of the Offer |
NII (HNI) Shares Offered | Not less than 15% of the Offer |
Comparison with peers
| Name of the company | Total Income | EPS | NAV | P/E based on basic EPS | RoNW | Market Cap |
|---|---|---|---|---|---|---|
Our Company | 1820 | 9.98 | 22.18 | 44.98% | NA | |
ICICI Securities | 50,511.00 | 52.51 | 121.31 | 16.96 | 43.25% | 289510.5 |
IIFL Capital Services | 22,312.87 | 16.73 | 58.09 | 20.56 | 28.71% | 106523.6 |
JM Financial Limited | 48321.6 | 4.29 | 115.7 | 32.66 | 0.25% | 133893.2 |
Motilal Ostwal Services Limited | 71,305.20 | 41.16 | 147.12 | 23.57 | 27.89% | 580741.8 |
Anchor Investor Information
The Anchor Investment date is Dec 18, 2024.
IPO Registrar and Book Running Lead Managers
Nuvama Wealth Management Limited (Past IPO Performance)
Registrar for the IPO is Link Intime India Private Limited
Business Model
- Merchant Banking: Advisory services for IPOs, mergers, acquisitions, and private equity.
- Institutional Equities: Research and broking services for institutional clients.
- Structured Finance: Support for debt syndication and financial restructuring.
Growth Trajectory
- Revenue Growth: Increased from ₹849.26 million in FY23 to ₹1,077.52 million in FY24.
- Profit Growth: Grew from ₹86.74 million in FY23 to ₹705.23 million in FY24.
Company Growth Trajectory
Market Position
DAM Capital is a niche leader in Indian merchant banking, leveraging its expertise in equity capital markets and institutional research. With strong sectoral insights, it commands a growing presence in India’s dynamic financial landscape.
All Financial Information about Dam Capital Advisors
Comprehensive financial data, including revenue, profit/loss statements, EBITDA, and other critical metrics.
Particulars (in Rs. million)
Particulars (in Rs. million)
Key Financial Information about Dam Capital Advisors
Presentation of key financial metrics and indicators to assess Dam Capital Advisors financial health.
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income (₹M) | 945.08 | 850.41 | 1,820 |
PBT (₹M) | 280.46 | 118.66 | 954.68 |
PAT (₹M) | 218.98 | 86.74 | 705.23 |
EPS (₹) | 3.1 | 1.23 | 9.98 |
EBITDA Margin (%) | 20.00% | 12.00% | 35.00% |
Industry Overview
India’s capital markets have seen robust growth, driven by increased market capitalisation and a rise in equity issuances across segments. The country’s economic stability and proactive regulatory frameworks continue to attract both domestic and foreign investments.
Company Information
DAM Capital Advisors Limited is a SEBI-registered Category I Merchant Banker focusing on merchant banking, institutional equities, broking, and research. It has established itself as a premier financial solutions provider in the Indian capital markets.
Dam Capital Advisors IPO Risk Factors
- Revenue Concentration: Heavy reliance on merchant banking and equity broking.
- Regulatory Risks: Compliance with evolving SEBI norms critical for operations.
- Market Sensitivity: Business outcomes closely tied to market conditions.
Dam Capital Advisors IPO Strengths:
Expertise in Capital Markets: Renowned for managing complex financial transactions.
Strong Institutional Relationships: Trusted by marquee clients in equity markets.
Research-Driven Approach: Provides industry-leading insights for decision-making.
Dam Capital Advisors Company Profit & Loss
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income (₹M) | 945.08 | 850.41 | 1,820 |
PBT (₹M) | 280.46 | 118.66 | 954.68 |
PAT (₹M) | 218.98 | 86.74 | 705.23 |
EPS (₹) | 3.1 | 1.23 | 9.98 |
EBITDA Margin (%) | 20.00% | 12.00% | 35.00% |
How To Check Allotment Status of Dam Capital Advisors IPO?
You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Link InTime India Pvt Ltd. To check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Dam Capital Advisors Ltd
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the LinkIntime website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Dam Capital Advisors Ltd from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
Dam Capital Advisors IPO FAQs
When is Dam Capital Advisors IPO listing date?
Dam Capital Advisors IPO will list on 2024-12-27.
What is the issue size of Dam Capital Advisors IPO?
840.25 is the issue size of Dam Capital Advisors IPO.
What is the minimum lot size required for Dam Capital Advisors IPO?
The minimum lot size is 53 shares and the investment required is ₹14999.
What is the price band of the Dam Capital Advisors IPO?
The price band of Dam Capital Advisors IPO is ₹269 to ₹283.
Where can I read more about Dam Capital Advisors business?
You can read more about Dam Capital Advisors and its IPO from the company’s red herring prospectus (RHP) here.
