DAM Capital Advisors IPO Details, Financials, Valuation & Peers
Explore DAM Capital Advisors IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
DAM Capital Advisors Limited is one of India's fastest-growing and most profitable merchant banks, specializing in comprehensive financial advisory services. Established as a leading merchant bank, the company focuses on equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory. It also provides institutional equities services, including broking and research. With a market share of 12.1% in IPOs and qualified institutional placements (QIPs) as of Fiscal 2024, DAM Capital is recognized for its strong execution capabilities, deep sector knowledge, and robust client relationships. The company has successfully executed 72 ECM transactions and 23 advisory mandates since 2019, including landmark IPOs, QIPs, OFS, and buybacks.
Key Points:
- Market Leadership:
- Ranked among the fastest-growing merchant banks in India by revenue CAGR (38.77%) between Fiscals 2022-2024.
- Achieved the highest profit margin in Fiscal 2024 compared to peers (Source: CRISIL Report).
- Service Portfolio:
- Comprehensive services in merchant banking: ECM, M&A, PE, and structured finance advisory.
- Institutional equities offerings, including broking and research for a global clientele.
- Execution Track Record:
- Successfully completed 72 ECM transactions and 23 advisory deals from November 2019 to October 2024.
- Expertise in IPOs, QIPs, OFS, rights issues, buybacks, and open offers.
- Global Reach:
- Operates a subsidiary, DAM Capital (USA) Inc., enabling access to U.S. markets and facilitating Rule 144A issuances.
- Serves 263 active institutional clients across India, the USA, UK, Europe, Hong Kong, Singapore, and other regions.
- Strategic Positioning:
- Focuses on India’s growing capital markets, which saw a 52% YoY rise in market capitalization to ₹394 trillion in Fiscal 2024.
- Leverages strong industry expertise, robust research, and a large investor distribution network to deliver client-centric solutions.
Objects of the Issue
- To carry out the Offer for Sale of up to 29,690,900 Equity Shares of face value of ₹2 each by the Selling Shareholders
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Dec - 23 Dec 2024 |
| IPO Price Band | ₹269 - ₹283 per share |
| Fresh Issue | NIL |
| Offer For Sale | 29,690,900 Shares |
| Total IPO Size | ₹840.25 |
| Face Value | ₹2 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Dec 2024 |
| IPO Closing Date | 23 Dec 2024 |
| Basis Of Allotment | 24 Dec 2024 |
| Refunds | 26 Dec 2024 |
| Demat Transfer | 26 Dec 2024 |
| IPO Listing Date | 27 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 94.51 | 85.04 | 182.00 | 109.58 |
| Total Expenses | 66.46 | 73.18 | 86.53 | 51.01 |
| Net Profit/Loss | 21.90 | 8.67 | 70.52 | 43.78 |
| NPM (*) | 23.17 | 10.20 | 38.75 | 39.95 |
| Total Assets | 166.72 | 1,201.16 | 214.68 | 257.45 |
| Total Liabilities | 78.75 | 1,106.03 | 52.07 | 54.95 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 3.10 | 1.23 | 9.98 | 6.19 |
| ROE (%) | 28.53 | 9.47 | 54.72 | 23.98 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | NA | NA | NA | NA |
| EBITDA MARGIN (%) | 36.3 | 21.6 | 56.6 | 56.9 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| DAM Capital Advisors Limited | 182.0 | 28.36 | 9.98 | 44.98 | 22.18 |
| ICICI Securities Limited | 5,051.1 | 17.06 | 52.22 | 43.25 | 121.31 |
| IIFL Capital Services Limited | 2,231.29 | 20.98 | 16.40 | 28.71 | 58.09 |
| JM Financial Limited | 4,832.16 | 32.66 | 4.29 | 0.25 | 115.70 |
| Motilal Oswal Financial Services Limited | 7,130.52 | 23.82 | 40.73 | 27.89 | 147.12 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 166.33 |
| Non-Institutional Investor (NII/HNI) | 98.47 |
| Retail Individual Investor (RII) | 26.8 |
| Total | 81.88 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- DHARMESH ANIL MEHTA
- SONALI DHARMESH MEHTA
- BOOMBUCKET ADVISORS PRIVATE LIMITED
Lead Managers
- Nuvama Wealth Management Limited
Company Address
DAM Capital Advisors Limited
PG-1, Ground Floor, Rotunda Building, Dalal Street, Fort, Mumbai 400 001, Maharashtra, India
Phone: +91 22 4202 2500
Email: compliance@damcapital.in
Website: www.damcapital.in
FAQs
- What is the issue size of the DAM Capital Advisors IPO?The DAM Capital Advisors IPO has an issue size of ₹840.25. This includes a fresh issue of NIL and an offer for sale (OFS) of 29,690,900 Shares.
- What is the price band of the DAM Capital Advisors IPO?The price band for the DAM Capital Advisors IPO is ₹269 - ₹283 per share.
- What are the bidding dates for the DAM Capital Advisors IPO?The DAM Capital Advisors IPO will open for bidding on 19 Dec 2024 and close on 23 Dec 2024.
- What is the allotment date for the DAM Capital Advisors IPO?The allotment date for the DAM Capital Advisors IPO is 24 Dec 2024.
- What is the minimum lot size and investment required for the DAM Capital Advisors IPO?The minimum lot size for the DAM Capital Advisors IPO is 53 shares and the minimum investment required is ₹14,999.
- What is the listing date for the DAM Capital Advisors IPO?The listing date for the DAM Capital Advisors IPO is 27 Dec 2024.
- What is the DAM Capital Advisors IPO grey market premium?The grey market premium (GMP) for the DAM Capital Advisors IPO is currently at ₹143, with an expected listing gain of approximately 50.53%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.