DAM Capital Advisors Ltd IPO Opens On December 19. Check IPO Details Issue Date Price

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DAM Capital Advisors Ltd IPO Opens On December 19. Check IPO Details Issue Date Price

December 19, 2024
DAM Capital Advisors Ltd IPO Opens On December 19. Check IPO Details Issue Date Price

DAM Capital Advisors Limited is coming out with a fresh public issue to raise Rs. 840.25 crores from the market.

Below are the details of the DAM Capital Advisors Limited IPO:

  • Issue opens – December 19th (Thursday)
  • Issue closes – December 23rd (Monday)
  • Issue size – Rs. 840.25 crores
  • Price band – Rs. 269 to 283 per equity share
  • Bid lot – 53 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • DAM Capital is the fastest growing merchant bank in India by revenue CAGR from Fiscals 2022 to 2024 with the highest profit margin in Fiscal 2024, among the peers considered (Source: CRISIL Report). They are one of the leading merchant banks in India with a market share of 12.1%, based on the number of initial public offerings and qualified institutional placements undertaken by them as the book running lead manager, in Fiscal 2024 (Source: CRISIL Report). They provide a wide range of financial solutions in areas of (i) merchant banking comprising equity capital markets (“ECM”), mergers and acquisitions (“M&A”), private equity (“PE”), and structured finance advisory; and (ii) institutional equities comprising broking and research.
  • They focus on the Indian capital markets, one of the most dynamic and high growth organised markets in the world (Source: CRISIL Report). They leverage their deep domain knowledge across sectors and products combined with vast experience of their team to provide strategic advisory and capital markets solutions to their diverse and marquee clientele including corporates, financial sponsors, institutional investors and family offices.
  • They have successfully executed 72 ECM transactions comprising 27 initial public offerings (“IPOs”), 16 qualified institutions placements (“QIPs”), 6 offer for sale (“OFS”), 6 preferential issues, 4 rights issues (“Rights Issues”), 8 buybacks (“Buybacks”), 4 open offers (“Open Offers”) and 1 initial public offer of units by a real estate investment trust (“REIT”). They have also advised on 23 advisory transactions including M&A advisory, private equity advisory and structured finance advisory and have also executed block trades since the Acquisition i.e. from November 7, 2019 till October 31, 2024. The institutional equities business, as of October 31, 2024, comprises of 29 employees in research and 34 employees in their broking team. They service 263 active clients including registered FPIs spread across geographies such as India, USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, Middle East and South Africa.

Issue Size: Rs. 840.25 Cr.

Employee Reservation: 70000 Equity Shares aggregating upto Rs.1.98 Cr.

Issue break-up:

QIB - 50 % of the offer - Rs. 419.14 Cr.
NIB - 15 % of the offer - Rs. 125.74 Cr.
RET - 35 % of the offer - Rs. 293.40 Cr.

Listing: BSE & NSE

Registrar: Link Intime India Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Monday, December 23, 2024.

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