Dam Capital Advisors Ltd IPO

Dam Capital Advisors Ltd IPO

DAM Capital is a SEBI-registered entity with stockbroker registration number INZ000207137, Category I Merchant Banker with registration number MB/INM000011336, and Research Analyst with registration number INH000000131, registered on August 26, 2020, September 21, 2020, and October 5, 2020 respectively. It provides 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. The Company focuses on the Indian capital markets, one of the most dynamic and high growth organised markets in the world.

Dam Capital Advisors Ltd IPO Details

Total Shares Offered

₹ 2,96,90,900

Offer to Public

2,96,90,900

Retail Max (Shares)

₹ 1,03,67,315

Pre Issue Promoters Holding

₹ 3,24,33,300

Exchange

BSE

Issue size

₹ 840.25 Cr

IPO Open Date

Dec 19, 2024

Close Date

Dec 23, 2024

Lot Size

53

Min Investment

₹ 14,257

Issue Type

Book Building

Listing Date

Dec 27, 2024

Dam Capital Advisors Ltd IPO Dates

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Dec 19, 2024
Opening date
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Dec 23, 2024
Closing date
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Dec 24, 2024
Basis of Allotment
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Dec 26, 2024
Initiation of Refunds
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Dec 26, 2024
Credit of Shares
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Dec 27, 2024
Listing date

Details

SectorType
SectorFinance & Investments
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Dam Capital Advisors Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations248.35180.0484.93
EBITDA150.84107.8322.46
PAT103.6470.288.54
Total Assets289.96199.501,176.70
Share Capital14.1414.1414.14
Total Borrowings25.8022.66240.70
Operating Activities (Net Cash)110.6776.6113.92
Investing Activities (Net Cash)-9.302.774.08
Financing Activities (Net Cash)25.8022.66240.70
Net Cashflow243.28158.15753.68

About Dam Capital Advisors Ltd

DAM Capital Advisors Limited was originally incorporated as S. S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited as a private limited company under the provisions of the Companies Act, 1956, at Bombay, India, pursuant to a certificate of incorporation dated May 7, 1993, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). The name of the Company was changed to S. S. Kantilal Ishwarlal Securities Private Limited pursuant to a special resolution of our shareholders dated March 26, 1994, and a fresh certificate of incorporation dated April 22, 1994 was issued by the RoC. Subsequently, the name of the Company was changed to IDFC-SSKI Securities Private Limited, pursuant to a special resolution of its shareholders dated September 21, 2007, and a fresh certificate of incorporation dated October 24, 2007, was issued by the RoC. Thereafter, pursuant to a shareholders' resolution dated February 12, 2008, the Company was converted into a public limited company and the name the Company was changed to IDFC-SSKI Securities Limited, and a fresh certificate of incorporation dated March 10, 2008 was issued by the RoC. Pursuant to a special resolution dated February 16, 2010 passed by the shareholders, the name of the Company was changed to IDFC Securities Limited and a certificate of incorporation dated March 12, 2010 was issued by the RoC. The name of the Company changed to DAM Capital Advisors Limited pursuant to a special resolution of its shareholders dated June 25, 2020, and a fresh certificate of incorporation dated July 28, 2020, was issued by the RoC.

The Indian Capital Market is one of the most dynamic and high growth organised markets in the world. It witnessed strong performance during the period Fiscal 2011-2024. The market capitalization of National Stock Exchange grew at 14.4% CAGR during Fiscal 2011 to Fiscal 2024. The NIFTY 50 index has grown at a CAGR of 10.9% over this period. BSE Sensex has followed a similar growth trajectory to Nifty 50. Both domestic and global factors were supportive of foreign capital inflows. The Indian capital market has shown a strong growth in Fiscal 2024 compared to Fiscal 2023 in terms of the number of issues (IPO, QIP, OFS, Rights Issue, Buyback, InvIT/REIT, FPO) which have increased from 234 in Fiscal 2023 to 316 in Fiscal 2024. In FY25,the number of issues stand at 215 as of October 2024.

DAM Capital is a SEBI-registered entity with stockbroker registration number INZ000207137, Category I Merchant Banker with registration number MB/INM000011336, and Research Analyst with registration number INH000000131, registered on August 26, 2020, September 21, 2020, and October 5, 2020 respectively. It provides 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. The Company focuses on the Indian capital markets, one of the most dynamic and high growth organised markets in the world.

Peer Comparison:

  • ICICI Securities Ltd
  • IIFL Capital Services Ltd
  • JM Financial Ltd
  • Motilal Oswal Financial Services Ltd

Dam Capital Advisors Ltd Key Points

Strengths

The Company is a fastest-growing merchant bank in India.

Proven execution with in-depth understanding of sectors and products.

Institutional equities platform with comprehensive research and execution capabilities.

Extensive coverage of corporates, financial sponsors and institutional investors, with repeat business.

Experienced management and professionals, backed by a majority independent board.

Risk

The company operates in a highly regulated environment which is subject to changes in laws and, regulations and government policies. Further, the company is required to maintain various licences and permits for its business from time to time. Any failures or delay in obtaining or renewing licences or permits or non-compliance to the changing laws may adversely affect its business, financial condition and results of operations.

Its merchant banking and institutional equities business is highly dependent on market and economic conditions. Adverse market or economic conditions could have a significant economic and financial impact on its business.

The Company and Subsidiary, DAM USA, are subject to periodic inspections by various statutory and regulatory authorities and its international operations increase the risks that the company faces in the USA and from regulators of USA. Non-compliance with the observations made during any such inspections could lead to penalties, adverse regulatory actions or issue of warning letters which may adversely impact its reputation, financial condition and results of operations.

Strategy

Strengthen its competitive position in existing lines of business.

Enhance its merchant banking platform.

Further strengthen the institutional equities platform.

Build other complementary fee-based businesses.

Explore potential strategic tie-up with a global merchant bank for cross-border transactions.

How To Apply for Dam Capital Advisors Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Dam Capital Advisors Ltd IPO?

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Dam Capital Advisors Ltd's IPO offers shares for up to 0 It begins on Dec 19, 2024 and ends on Dec 23, 2024.

What is the price of the Dam Capital Advisors Ltd IPO?

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The price of Dam Capital Advisors Ltd IPO ranges between ₹269 to ₹283 per share.

What are the open and close dates for the Dam Capital Advisors Ltd IPO?

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The Dam Capital Advisors Ltd IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.

When will the Dam Capital Advisors Ltd IPO be allotted?

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The allotment for the Dam Capital Advisors Ltd IPO will be finalised on Dec 24, 2024. The shares will be listed on BSE and NSE on Dec 27, 2024.

What is the minimum lot size required for Dam Capital Advisors Ltd IPO?

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The minimum lot size for Dam Capital Advisors Ltd IPO is 53 shares, priced between ₹269 to ₹283 per share.

What is the GMP of Dam Capital Advisors Ltd IPO?

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The GMP (Grey Market Premium) of Dam Capital Advisors Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Dam Capital Advisors Ltd IPO?

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To check the allotment status of Dam Capital Advisors Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Dam Capital Advisors Ltd IPO getting listed?

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The Dam Capital Advisors Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 19, 2024, and closes on Dec 23, 2024. The allotment is finalised on Dec 24, 2024.

How do you apply for the Dam Capital Advisors Ltd IPO?

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To apply for the Dam Capital Advisors Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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