- IPO Size: ₹840.25 crore through OFS of 2.97 crore shares.
- Subscription Dates: December 19-23, 2024.
- Price Band: ₹269 - ₹283 per share with a minimum lot size of 53 shares.
- Strong Financial Growth: 114% revenue growth and 713% rise in PAT between FY23 and FY24.
- Listing: Shares to be listed on BSE and NSE on December 27, 2024.
DAM Capital Advisors Limited is set to launch its ₹840.25 crore IPO through a book-built issue. The IPO will be open for subscription from December 19, 2024, to December 23, 2024, with shares expected to list on BSE and NSE on December 27, 2024.
The IPO comprises a total offer for sale (OFS) of 2.97 crore shares with a price band of ₹269 to ₹283 per share. The minimum lot size for investors is 53 shares, translating to an investment of ₹14,999 for retail participants.
DAM Capital Advisors IPO Details
| Particulars | Details |
|---|---|
| IPO Dates | December 19, 2024 – December 23, 2024 |
| Listing Date | December 27, 2024 |
| Issue Size | ₹840.25 Crores (2.97 crore shares) |
| Offer for Sale (OFS) | 2.97 crore shares |
| Price Band | ₹269 – ₹283 per share |
| Face Value | ₹2 per share |
| Lot Size | 53 Shares |
| Minimum Investment (Retail) | ₹14,999 |
| Issue Type | Book Built Issue IPO |
| Listing Platform | BSE, NSE |
| Lead Manager | Nuvama Wealth Management Ltd |
| Registrar | Link Intime India Pvt Ltd |
| Shareholding Pre-Issue | 7,06,86,000 shares |
| Shareholding Post-Issue | 7,06,86,000 shares |
DAM Capital Advisors IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| IPO Opening Date | Thursday, December 19, 2024 |
| IPO Closing Date | Monday, December 23, 2024 |
| Basis of Allotment Finalized | 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 |
| UPI Mandate Confirmation | Monday, December 23, 2024 (5 PM) |
Lot Size and Investment Details
| Investor Type | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,999 |
| Retail (Max) | 13 | 689 | ₹1,94,987 |
| Small HNI (Min) | 14 | 742 | ₹2,09,986 |
| Small HNI (Max) | 66 | 3,498 | ₹9,89,934 |
| Big HNI (Min) | 67 | 3,551 | ₹10,04,933 |
Reservation Details
| Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Offer |
| Retail Investors | Not less than 35% of the Net Offer |
| Non-Institutional Investors (HNI) | Not less than 15% of the Net Offer |
Maximum Bidding Limits:
- Retail investors: Up to ₹2 Lakhs
- Small HNI (sNII): ₹2 Lakhs to ₹10 Lakhs
- Big HNI (bNII): Above ₹10 Lakhs
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DAM Capital Advisors IPO – Category Reservation Details
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII (Retail Investors) | Up to ₹2 Lakhs | Yes |
| Only sNII (Small HNI) | Above ₹2 Lakhs to ₹10 Lakhs | No |
| Only bNII (Big HNI) | Above ₹10 Lakhs up to NII Reservation Portion | No |
| Only Employee | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | – Employee Limit: Up to ₹5 Lakhs (discounts may apply for bids up to ₹2 Lakhs)- RII: Up to ₹2 Lakhs- sNII: ₹2 Lakhs to ₹10 Lakhs- bNII: Above ₹10 Lakhs | Yes for eligible categories |
Note:
- Retail Investors (RII): Small investors bidding up to ₹2 lakhs.
- Small HNI (sNII): Medium-sized investors bidding between ₹2 to ₹10 lakhs.
- Big HNI (bNII): Larger investors applying above ₹10 lakhs.
- QIB: Institutions or professional investors like banks or mutual funds.
- Employee: Company’s employees eligible for discounted or reserved shares.
*Each category has specific rules and quotas during IPO allotment.
About DAM Capital Advisors Limited
Founded in 1993 as S.S. Kantilal Ishwarlal Sharebrokers, DAM Capital Advisors Limited has evolved into a leading investment banking and institutional equities company. It specializes in:
- Investment Banking: Equity Capital Markets (ECM), Mergers and Acquisitions (M&A), Private Equity, and Structured Finance Advisory.
- Institutional Equities: Broking and Research.
The company has executed 72 ECM transactions (including 27 IPOs) since November 2019 and has advised on 23 financial advisory transactions.
- Geographic Presence: DAM Capital serves clients across India, USA, UK, Europe, Singapore, Hong Kong, South Korea, Middle East, and South Africa.
- Employees: As of October 31, 2024, DAM Capital had 121 employees, including 29 in research and 34 in broking.
- Subsidiary: DAM Capital (USA) Inc. operates in New York as a registered Broker-Dealer.
Financial Highlights
DAM Capital Advisors Limited has shown strong growth between FY23 and FY24:
| Metric | FY24 (₹ Cr) | FY23 (₹ Cr) | FY22 (₹ Cr) |
|---|---|---|---|
| Revenue | 182.00 | 85.04 | 94.51 |
| Profit After Tax (PAT) | 70.52 | 8.67 | 21.90 |
| Assets | 214.68 | 1,201.16 | 166.72 |
| Net Worth | 162.61 | 95.13 | 87.97 |
| Reserves & Surplus | 148.47 | 80.99 | 73.84 |
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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