Company Overview
DAM Capital Advisors Limited is recognized as one of India’s prominent merchant banks, holding a 12.1% market share in FY 2024, based on the IPOs and QIPs it managed, according to a CRISIL report. The company provides a full spectrum of financial services, including:
- Equity Capital Markets (ECM): IPOs, QIPs, rights issues, and buybacks.Advisory Services: Mergers and acquisitions (M&A), private equity (PE), and structured finance.Institutional Equities: Brokerage and research services.
Achievements:
- Successfully executed 72 ECM transactions, including 27 IPOs, 16 QIPs, and other offerings like buybacks, preferential issues, and rights issues.Advised on 23 M&A, PE, and structured finance transactions while facilitating block trades.Serves 263 active clients globally, including FPIs, across India, the USA, Europe, and key Asian markets. Objects of the Issue
This IPO is an offer for sale (OFS), meaning the company will not retain any proceeds. Instead, the funds raised will be allocated to the selling shareholders, proportionate to their stake in the offer.
Promoter Details
The promoters of DAM Capital Advisors Limited are:
- Dharmesh Anil MehtaSonali Dharmesh MehtaBoombucket Advisors Pvt Ltd
Pre-IPO, the promoters collectively hold a 45.88% stake in the company.
Summary of Financial Information:
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| 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 |
| Reserves and Surplus | 148.47 | 80.99 | 73.84 |
| Total Borrowing | 4.93 | 3.29 | 1.41 |
Comparison with Listed Peers:
| Company Name | P/E | P/B | RoE (%) |
|---|---|---|---|
| DAM Capital Advisors Ltd | 23 | 10.00 | 55 |
| ICICI Securities Ltd | 14 | 6 | 51 |
| IIFL Capital Services Ltd | 15 | 5 | 33 |
| JM Financial Ltd | 30 | 2 | 1 |
| Motilal Oswal Financial Services Ltd | 18 | 5 | 33 |
Key IPO Details:
- IPO Dates: 19 to 23 December, 2024
- Price Band: Rs. 269 to Rs. 283 per share
- Lot Size: 53 shares
- Issue Size: Rs. 840.25 Crores (100% OFS)
- Retail Quota: 35%
- Listing Date: 27th Dec, 2024
- GMP: 35%+ (for informational purposes only)
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
