The DAM Capital Advisors IPO is a book-built issue offering a total of 2.97 crore shares, entirely structured as an offer for sale. Scheduled to open for subscription on December 19, 2024, the IPO will close on December 23, 2024. The allotment is expected to be finalized by Tuesday, December 24, 2024, with the shares likely to be listed on BSE and NSE on Friday, December 27, 2024.
Although the IPO price band is yet to be announced, the financial performance of DAM Capital Advisors showcases significant growth. In 2024, the company reported revenue of ₹180.04 crore, a sharp increase compared to ₹84.93 crore in 2023. Similarly, profits surged to ₹70.52 crore in 2024, up from ₹8.67 crore in 2023. Based on these robust financials, investors are advised to consider this IPO as a long-term investment opportunity.
Overview of Contents
DAM Capital Advisors IPO
DAM Capital Advisors Limited is one of India’s leading investment banks, offering a diverse range of financial solutions tailored to meet the needs of its clients. Established on May 7, 1993, the company has grown significantly over the years and rebranded as DAM Capital Advisors Limited in July 2020, following its acquisition by Dharmesh Anil Mehta and other investors from the IDFC group in 2019.
Core Services
Investment Banking
- Equity Capital Markets (ECM)
- Mergers and Acquisitions (M&A) Advisory
- Private Equity (PE) Advisory
- Structured Finance Advisory
Institutional Equities
- Broking
- Research
Key Achievements (as of July 31, 2024)
67 ECM Transactions executed, including:
- 26 Initial Public Offerings (IPOs)
- 15 Qualified Institutions Placements (QIPs)
- 5 Offers for Sale (OFS)
- 6 Preferential Issues
- 3 Rights Issues
- 7 Buybacks
- 4 Open Offers
- 1 IPO of units by a Real Estate Investment Trust (REIT)
20 Advisory Transactions, including M&A advisory, private equity advisory, and structured finance advisory.
- Extensive Institutional Equities Team comprising 27 employees in research and 33 in broking, providing top-tier insights to a diverse global clientele.
- Provided services to 257 active clients, including registered Foreign Portfolio Investors (FPIs) across India, USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, the Middle East, and South Africa.
Financial Growth Highlights
DAM Capital has demonstrated impressive financial performance:
- Revenue surged by 114% in FY2024, reaching ₹180.04 crore compared to ₹84.93 crore in FY2023.
- Profit after tax (PAT) soared by 713%, achieving ₹70.52 crore in FY2024, up from ₹8.67 crore in FY2023.
Team and Global Presence
As of July 31, 2024, DAM Capital had a team of 115 employees across all business verticals. The company also operates a wholly-owned subsidiary, DAM Capital (USA) Inc., registered as a Broker-Dealer with the U.S. Securities and Exchange Commission (SEC).
Historical Evolution
DAM Capital began its journey in the securities market as S.S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited in 1993. Rebranded as S.S. Kantilal Ishwarlal Securities Private Limited (SSKIPL) in 1994, it was acquired by Infrastructure Development Finance Company (IDFC) between 2006 and 2008. The firm took on its current identity in 2020, focusing on India’s booming capital markets.
Vision and Focus
DAM Capital Advisors aims to solidify its position as a key player in India’s rapidly expanding capital market, leveraging its expertise in investment banking and institutional equities to deliver superior value to its clients globally.
DAM Capital Advisors IPOÂ Details
| IPO Details | Information |
|---|---|
| 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 ₹[To be announced] Cr) |
| Offer for Sale | 2,96,90,900 shares of ₹2 each (aggregating up to ₹[To be announced] 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 |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
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 |
| 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 |
DAM Capital Advisors IPO Market Lot
| 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 |
DAM Capital Advisors IPO Financial Report
DAM Capital Advisors has demonstrated strong financial growth, with significant increases in revenue, profit after tax (PAT), and assets. In 2024, the company reported a sharp rise in revenue to ₹180.04 crores, up from ₹84.93 crores in 2023, and a substantial increase in PAT to ₹70.52 crores, compared to ₹8.67 crores in 2023. This growth reflects the company’s solid financial position and market potential.
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2022 | ₹94.51 | ₹66.46 | ₹21.9 | ₹166.72 |
| 2023 | ₹85.04 | ₹73.18 | ₹8.67 | ₹1,201.16 |
| 2024 | ₹182 | ₹86.53 | ₹70.52 | ₹214.68 |
| September 2024 | ₹109.58 | ₹51.01 | ₹43.78 | ₹257.45 |
DAM Capital Advisors IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE | NA |
| ROCE | NA |
| EBITDA Margin | 66.8% |
| PAT Margin | 38.75% |
| Debt to Equity Ratio | NA |
| Earning Per Share (EPS) | ₹9.98 (Basic) |
| Price/Earnings (P/E) Ratio | NA |
| Return on Net Worth (RoNW) | 43.37% |
| Net Asset Value (NAV) | ₹23 |
Peer Group Comparison
Here’s a comparison of DAM Capital Advisors with its peers in the investment banking sector. The table highlights key financial metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and total income.
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ in Cr.) |
|---|---|---|---|---|---|
| ICICI Securities Limited | 52.51 | 15.40 | 43.25 | 121.40 | 50,511.00 |
| IIFL Securities Limited | 16.73 | 16.68 | 28.71 | 58.09 | 22,312.87 |
| JM Financial Limited | 4.29 | 21.43 | 0.25 | 115.70 | 48,321.60 |
| Motilal Oswal Financial Services Limited | 41.16 | 16.64 | 27.89 | 147.12 | 71,305.20 |
Objects of the Issue
The company will not receive any proceeds from the Offer for Sale, as the shares are being sold by the Selling Shareholders.
DAM Capital Advisors IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email:Â damcapital.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Company Address
DAM Capital Advisors Limited
PG-1, Ground Floor,
Rotunda Building, Dalal Street,
Fort, Mumbai 400001,
Phone: +91 22 4202 2500
Email:Â compliance@damcapital.in
Website: https://www.damcapital.in/
FAQs on DAM Capital Advisors IPO
What is the DAM Capital Advisors IPO issue size?
The IPO issue size is 2.97 crore shares, entirely an Offer for Sale by the Selling Shareholders.
When does the DAM Capital Advisors IPO open and close?
The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024.
What is the listing date for the DAM Capital Advisors IPO?
The shares are expected to be listed on the BSE and NSE on December 27, 2024.
What is the price band for the DAM Capital Advisors IPO?
The price band for the IPO is yet to be announced.
What is the face value of each share in the DAM Capital Advisors IPO?
The face value of each share is ₹2.
Who will benefit from the proceeds of the Offer for Sale?
The Selling Shareholders will benefit from the proceeds, not the company.
What are the key financial highlights of DAM Capital Advisors?
In FY2024, the company reported a revenue of ₹180.04 crores, a profit of ₹70.52 crores, and a PAT margin of 38.75%.