Published : December 19, 2024
DAM Capital Advisors Limited is a prominent investment bank in India, providing a wide range of financial solutions across investment banking and institutional equities. Its investment banking services include equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE) advisory, and structured finance advisory. On the institutional equities front, the company offers broking and research services. Since November 7, 2019, following its acquisition, DAM Capital has successfully executed 72 ECM transactions, including 27 IPOs, 16 qualified institutions placements, 6 offers for sale, 6 preferential issues, four rights issues, eight buybacks, four open offers, and one REIT IPO. Additionally, it has advised on 23 transactions involving M&A, private equity, and structured finance advisory, while also executing block trades.
As of October 31, 2024, DAM Capital’s institutional equities division comprises 29 professionals in research and 34 in broking, catering to 263 active clients, including registered Foreign Portfolio Investors (FPIs) across various regions such as India, the USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, the Middle East, and South Africa. The company has a total workforce of 121 employees across all functions and operates a wholly-owned subsidiary, DAM Capital (USA) Inc., in New York, registered as a Broker-Dealer with the U.S. Securities and Exchange Commission.
Established in 1993 as S.S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited, the company was renamed S.S. Kantilal Ishwarlal Securities Pvt. Ltd. (SSKIPL) in 1994. Infrastructure Development Finance Company (IDFC) acquired SSKIPL during the period from 2006 to 2008. In 2019, IDFC divested its stake to Dharmesh Anil Mehta and other investors, leading to a rebranding as DAM Capital Advisors Limited in July 2020, marking a new chapter in its legacy.
The DAM Capital Advisors IPO is a book-built issue worth ₹840.25 crores, consisting entirely of an offer for sale of 2.97 crore shares. The IPO will be open for subscription from December 19 to December 23, 2024. Share allotment is expected to be finalized on December 24, 2024, with the listing scheduled on the BSE and NSE on December 27, 2024, subject to confirmation.
The IPO price band is set at ₹269 to ₹283 per share. Retail investors can apply for a minimum lot of 53 shares, requiring an investment of ₹14,999. For small non-institutional investors (sNII), the minimum investment is 14 lots (742 shares), totaling ₹2,09,986, while big non-institutional investors (bNII) need to invest in 67 lots (3,551 shares), amounting to ₹10,04,933.
Nuvama Wealth Management Limited is the book-running lead manager for the IPO, with Link Intime India Private Ltd serving as the registrar. For more details, please refer to the DAM Capital Advisors IPO RHP.
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
The subscription for the IPO will be open from and will close on 2024.
| IPO Open Date | December 19, 2024 |
| IPO Close Date | December 23, 2024 |
The price band for the Ceigall India IPO has been set at ₹ to ₹ per share.
| IPO Price Band | ₹269 to ₹283 per share |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per share |
| Market Lot | 53 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 2,96,90,900 shares(aggregating up to ₹840.25 Cr) |
The promoters of DAM Capital Advisors are
| Share Holding Pre Issue | 45.88% |
| Share Holding Post Issue | |
| 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 |
| Total Borrowing | 4.93 | 3.29 | 1.41 |
Phone: +91-22-4918 6270
Email: damcapital.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
DAM Capital Advisors Limited
PG-1, Ground Floor,
Rotunda Building, Dalal Street,
Fort, Mumbai 400001,
Phone: +91 22 4202 2500
Email: compliance@damcapital.in
Website: https://www.damcapital.in/
› DAM Capital Advisors IPO DRHP
› DAM Capital Advisors IPO RHP
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