About Dam Capital Advisors IPO

Dam Capital Advisors is gearing up to launch its Rs 840.25 crore IPO. The offering will consist solely of an offer-for-sale of 2.97 crore shares. The company is preparing to debut on both the BSE and NSE.

Retail investors must make a minimum investment of Rs 14,999 to participate. Small NII investors need to invest at least Rs 2,09,986 for 742 shares, equivalent to 14 lots. Large NII investors need a minimum investment of Rs 10,04,933 for 3,551 shares, which is 67 lots.

Link Intime India Pvt Ltd will manage the offering’s registration. Nuvama Wealth Management Ltd is the book running lead manager in this IPO.

Dam Capital Advisors IPO Latest GMP:

The most recent GMP of the Dam Capital IPO is Rs 108, as of 17th December, 2024 9:30 AM. The IPO has a price band of Rs 283. The estimated listing price for Dam Capital Advisors is Rs 391, reflecting a potential gain of 38% per share.

For the IPO, the Retail Subject to Sauda is Rs 4,400, and the Small HNI Subject to Sauda is Rs 61,600. The GMP ranges from a low of Rs 0 to a high of Rs 108.

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Dam Capital Advisors IPO Details

Dam Capital Advisors IPO Opening Date and Closing Date	19th December to 23rd December
Face Value	Rs 2 per share
Price Band	269-283 ₹ per share
Dam Capital IPO Lot Size	53 Shares
Total Issue Size	2,96,90,900 shares (aggregating up to Rs 840.25 Cr)
Offer for Sale	2,96,90,900 shares (aggregating up to Rs 840.25 Cr)
Issue Type	Book-Built Type Issue
Listing At	NSE, BSE
Shareholding Pre-Issue	7,06,86,000
Shareholding Post Issue	7,06,86,000
Basis of Allotment	Tuesday, 24th December, 2024
Refund Initiation	Thursday, 26th December, 2024
Credit of Shares in Demat	Thursday, 26th December, 2024
Listing Date	Friday, 27th December, 2024
Cut-off time for UPI mandate confirmation	5 PM on 23rd December, 2024
Draft Red Herring Prospectus	Link
Red Herring Prospectus	Link

Dam Capital Advisors Company Details:

• DAM Capital Advisors Limited is an Indian investment bank offering financial solutions in investment banking and institutional equities.

• Its investment banking services include ECM, M&A, private equity, and structured finance advisory, while institutional equities cover broking and research.

• Since 7th November, 2019, the company has executed 72 ECM transactions, 23 advisory deals, and block trades.

• As of 31st October, 2024, the institutional equities division has 63 employees, and the company serves 263 active clients across multiple geographies.

• The company has 121 employees overall and a wholly-owned subsidiary, DAM Capital (USA) Inc., registered in New York.

• Founded in 1993, the company was renamed SSKIPL in 1994, acquired by IDFC between 2006-2008, and rebranded as DAM Capital Advisors Limited in 2020 after a new ownership structure.

Dam Capital Advisors IPO Lot Size, Shares, And Their Value:

Application	Lots	Shares	Amount
Retail (Min)	1	53	Rs 14,999
Retail (Max)	13	689	Rs 1,94,987
S-HNI (Min)	14	742	Rs 2,09,986
S-HNI (Max)	66	3,498	Rs 9,89,934
B-HNI (Min)	67	3,551	Rs 10,04,933

Investor categories and Dam Capital Advisors shares offered:

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Dam Capital Advisors Company Performance:

For the period ended on 31st March, 2024 & 31st March, 2023:

Periods Ended	31st Mar, 2024	31st Mar, 2023
Assets	Rs 214.68 Cr.	Rs 1,201.16 Cr.
Revenue	Rs 182 Cr.	Rs 85.04 Cr.
Profit After Tax	Rs 70.52 Cr.	Rs 8.67 Cr.
Net Worth	Rs 162.61 Cr.	Rs 95.13 Cr.
Reserves and Supplies	Rs 148.47 Cr.	Rs 80.99 Cr.
Total Borrowing	Rs 4.93 Cr.	Rs 3.29 Cr.

Dam Capital Advisors IPO: Worth Investing?

Financial Performance:

DAM Capital Advisors reported a 114% increase in revenue and a 713% rise in profit after tax (PAT) between the financial years ending on 31st March, 2024, and 31st March, 2023.

Dam Capital Advisors Key Performance Indicators (KPI) and their values:

The market capitalisation of Dam Capital Advisors IPO is Rs 2,000.41 crore. As of 31st March, KPI and their values are:

KPI	Values
Return on Equity (ROE)	54.72%
Return on Net Worth (RoNW)	44.98%
Price to Book Value (P/BV)	12.16
PAT Margin (%)	38.75

Objectives of Dam Capital Advisors IPO

The company will not get any proceeds from the Offer for Sale by the Selling Shareholders.

Key Risks of Investing in Dam Capital Advisors IPO

• Economic sensitivity means market fluctuations can affect ECM activity and revenues.

• Regulatory risks arise from operating in multiple jurisdictions, leading to compliance challenges.

• No fresh capital will be raised since the IPO proceeds will not directly benefit the company.

Some Frequently Asked Questions (FAQs)

What is the price band of Dam Capital Advisors IPO?

Price band has been fixed at Rs 269 and Rs 283 per share.

What is the retail investor quota of Dam Capital Advisors IPO? 

A minimum of 35% shares shall go to the retail investors.

What is the lot size and share distribution for High Net-Worth Individuals (HNIs)?

The lot size for HNIs is 14 lots, with a total of 742 shares allocated.

How can I apply for Dam Capital Advisors Initial Public Offer?

You can apply through your demat account, banking channels, or other financial institutions during the IPO period.

When is the Last Date of IPO subscription for Dam Capital Advisors?

The cut-off time is 5 PM on 23rd December, 2024, but many brokers close applications earlier, typically between 1-3 PM.

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