DAM Capital Advisors IPO 2024 Highlights: The IPO opens to bid on December 19 and closes on December 23. The company aims to raise Rs 840.25 crore by selling 2.97 crore shares of promoters and other selling shareholders. The allotment of shares is expected to be finalised on December 24. The listing on BSE and NSE is liekly to be on December 27.
DAM Capital Advisors’ IPO price band ranges from Rs 269 to Rs 283 per share. Nuvama Wealth Management is the soled book-running lead manager of the IPO, while Link Intime India is the registrar for the issue.
DAM Capital Advisors IPO 2024 Live Updates: GMP Update
DAM Capital Advisors IPO 2024 Live Updates: Subscription numbers so far
As of the latest trend, the DAM Capital Advisors IPO has seen a subscription rate of 3.71 times so far on the second day of bidding. The issue has been subscribed 5.11 times in the retail category, 5.32 times in the non-institutional investor (NII) category, while the qualified institutional buyer (QIB) category has seen a minimal subscription of 0.01 times.
DAM Capital Advisors IPO 2024 Live Updates: Price Band
The price band for the issue has been set between Rs 269 to Rs 283 per share, with the company aiming to raise Rs 840 crore.
Investors can bid for a minimum of 53 shares per lot, and additional shares can be bought in multiples of thereafter.
DAM Capital Advisors IPO 2024 Live Updates: About the company
DAM Capital Advisors, a leading Indian investment bank, specialises in equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and institutional equity services. Since 2019, it has handled 72 ECM deals and 23 advisory transactions.
Established in 1993, the firm was rebranded in 2020 after Dharmesh Anil Mehta took over. With 263 global clients and a U.S. subsidiary, DAM Capital (USA) Inc.
DAM Capital Advisors IPO 2024 Live Updates: Anand Rathi on IPO
"Since the acquisition on November 7, 2019, until October 31, 2024, DAM Capital has successfully executed 72 ECM transactions, including 27 initial public offerings (IPOs), 16 qualified institutions placements (QIPs), 6 offers for sale (OFS), 6 preferential issues, 4 rights issues, 8 buybacks, 4 open offers, and 1 IPO of units by a real estate investment trust (REIT). The company has also advised on 23 transactions in M&A advisory, private equity advisory, and structured finance advisory, alongside executing block trades.," added added Anand Rathi in an IPO note.
DAM Capital Advisors IPO 2024 Live Updates: Allotment and listing
According to the tentative schedule, the allotment of shares is expected to be finalised by December 24. Following this, the company’s shares are anticipated to make their debut on the BSE and NSE on December 27.
DAM Capital Advisors IPO 2024 Live Updates: Financial Highlights
DAM Capital Advisors reported growth for the financial year ending March 31, 2024. The company’s revenue surged by 114 per cent, while its profit after tax (PAT) saw a surge of 713 per cent compared to the previous year, ending March 31, 2023.
DAM Capital Advisors IPO 2024 Live Updates: Subscription Update Day 2
As of latest update, DAM Capital Advisors IPO on Day 2 of its bidding, subscriptions reached 3.71 times till now. The retail category saw the highest demand, getting subscribed 5.11 times. The Non-Institutional Investor (NII) category followed closely with 5.32 times subscription. However, the Qualified Institutional Buyers (QIB) category saw minimal interest, with only 0.01 times subscribed so far.
DAM Capital Advisors IPO 2024 Live Updates: Anand Rathi on IPO
“On valuation parse at the upper band of Rs 283/-, the issue is asking for a Market Cap of Rs 20000 Mn. Based on annualized earnings, the company is asking a PE of 22.8x times for FY 2025 which is fully priced. Therefore we believe that the company is well-placed to leverage the growing capital market opportunities in India. As part of its growth strategy, the company plans to enter additional fee-based businesses to capitalize on emerging market trends. Additionally, a strategic partnership with a global merchant bank will strengthen its ability to handle cross-border transactions and broaden its international presence. Hence considering all parameters, we recommend the issue can be consider as “SUBSCRIBE for LONG TERM”, added Anand Rathi in an IPO note.
DAM Capital Advisors IPO 2024 Live Updates: Bajaj Broking on IPO
“The company’s IPO is set at a price band of Rs 269-283 per share, with an issue size of up to 2.97 crore shares. This would value the company at approximately Rs 2,000 crore at the upper end of the price band. The strong financial performance, with a total income of Rs 182 crore in FY24 and a net profit of Rs 70.52 crore, reflects the company’s solid valuation and growth potential,” added Bajaj Broking in an IPO note.
DAM Capital Advisors IPO 2024 Live Updates: GMP update
DAM Capital Advisors IPO 2024 Live Updates: Lead Manager and Registrar
Nuvama Wealth Management is the sole book-running lead manager for the IPO, responsible for coordinating its success. Link Intime India has been appointed as the registrar, handling the issue’s administrative aspects, including share allotments. This collaboration ensures a smooth IPO process for all stakeholders.
DAM Capital Advisors IPO 2024 Live Updates: Business Profile
DAM Capital Advisors, founded in 1993, is a leading Indian investment bank. It provides services in investment banking, institutional equities, and research. Since rebranding in 2020, the firm has completed 72 equity capital market (ECM) transactions and advised on 23 deals. It serves 263 clients globally and operates a U.S. subsidiary.
DAM Capital Advisors IPO 2024 Live Updates: Financial Performance
DAM Capital Advisors has shown impressive financial growth. Between FY23 and FY24, the company’s revenue surged by 114%, while profit after tax (PAT) jumped by 713%. These numbers underline the company’s strong operational performance and its appeal to investors seeking growth-focused opportunities.
DAM Capital Advisors IPO 2024 Live Updates: Subscription Status
As of the latest updates, the DAM Capital Advisors IPO has been subscribed 1.53 times. Retail investors lead with 2.35x subscription, while non-institutional investors (NIIs) follow with 1.64x. However, Qualified Institutional Buyers (QIBs) have yet to participate. This trend highlights strong retail interest in the offering.
DAM Capital Advisors IPO 2024 Live Updates: Grey Market Premium Trends
The IPO is trading at a grey market premium (GMP) of Rs 148, signaling an estimated listing price of Rs 431. This indicates a 52.30% gain over the issue price, reflecting robust investor sentiment. The grey market often serves as an unofficial predictor of listing-day performance, making this premium a positive indicator for potential subscribers.
DAM Capital Advisors IPO 2024 Live Updates: Anchor Investment Boost
Before the public launch, DAM Capital Advisors raised Rs 251.48 crore from anchor investors on December 18. This early funding round showcases strong institutional interest, setting a solid foundation for the IPO. Anchor investors are typically large institutions that invest early to stabilize IPO demand and build market confidence.
DAM Capital Advisors IPO 2024 Live Updates: IPO Size and Price Band
DAM Capital Advisors aims to raise Rs 840.25 crore through its IPO. The price band has been set between Rs 269 and Rs 283 per share. Investors can bid for a minimum lot of 53 shares and multiples thereafter. The offering is generating buzz due to its strong financial growth and potential for high returns, as reflected in grey market premiums.
DAM Capital Advisors IPO 2024 Live Updates: IPO Timeline
DAM Capital Advisors IPO opens on December 19 and closes on December 23. The share allotment is expected on December 24, with listing likely on December 27. Investors can bid for shares priced between Rs 269 and Rs 283 during this period. This timeline marks the next significant step for the company as it seeks to raise Rs 840.25 crore through the sale of 2.97 crore shares by promoters and other selling shareholders.
DAM Capital Advisors IPO 2024 Live Updates: Bajaj Broking on IPO
"The company's IPO is set at a price band of Rs 269-283 per share, with an issue size of up to 2.97 crore shares. This would value the company at approximately Rs 2,000 crore at the upper end of the price band. The strong financial performance, with a total income of Rs 182 crore in FY24 and a net profit of Rs 70.52 crore, reflects the company's solid valuation and growth potential," added Bajaj Broking in an IPO note.
DAM Capital Advisors IPO 2024 Live Updates: Allotment and listing
The share allotment is expected to be finalised on December 24, and the company's shares are likely to be listed on the BSE and NSE on December 27, according to the tentative schedule.
DAM Capital Advisors IPO 2024 Live Updates: Anand Rathi on IPO
"DAM Capital is the fastest-growing merchant bank in India, with the highest revenue CAGR between Fiscals 2022 and 2024 and the highest profit margin among peers in Fiscal 2024. The company is a leading investment bank with a 12.1% market share in Fiscal 2024, based on the number of IPOs and QIPs it managed as a book-running lead manager. During the six months ended September 30, 2024, and in Fiscal 2024, DAM Capital acted as book-running lead manager for 5 and 17 IPOs and QIPs, respectively. Since the acquisition, the company has steadily increased its market share from 8.2% in Fiscal 2021 to 12.1% in Fiscal 2024 in terms of IPOs and QIPs executed as a book-running lead manager," said Anand Rathi in an IPO note.
DAM Capital Advisors IPO 2024 Live Updates: GMP update
As of the recent trends, DAM Capital Advisors IPO was trading at a GMP of Rs 148, suggesting a possible listing price of Rs 431 per share, a 52.30 per cent gain from the issue price.
DAM Capital Advisors IPO 2024 Live Updates: Subscription Number so far
As per the latest development, the DAM Capital Advisors IPO so far received a subscription of 1.53 times. Retail Investors lead the charge with a subscription of 2.35 times. Qualified Institutional Buyers (QIBs) yet to participate, with zero subscriptions recorded so far. Non-Institutional Investors (NIIs) received a subscription of 1.64 times.
DAM Capital Advisors IPO 2024 Live Updates: Bajaj Broking on IPO
"In the fiscal year 2024, DAM Capital reported remarkable financial performance with a total income of Rs 182 crore, a significant rise from Rs 85 crore in the previous year. Furthermore, their net profit experienced a substantial increase, soaring to Rs 70.52 crore from Rs 8.67 crore in FY23. These figures highlight the company's effective business strategies and growing influence in the investment banking sector. Such robust financial performance is a testament to their successful operations and strategic vision," Bajaj Broking in an IPO note.
DAM Capital Advisors IPO 2024 Live Updates: Financial Highlights
DAM Capital Advisors saw a growth in its financial performance, with revenue jumping by 114 per cent and profit after tax (PAT) surging by 713 per cent between the fiscal years ending March 31, 2023, and March 31, 2024.
DAM Capital Advisors IPO 2024 Live Updates: Price band
The price range for the issue has been set at Rs 269 to Rs 283 per share, with the company aiming to raise Rs 840 crore. Investors can bid for a minimum of 53 shares per lot, and additional shares can be bought in multiples of thereafter.
DAM Capital Advisors IPO 2024 Live Updates: Bajaj Broking on IPO
"Recently, DAM Capital Advisors launched its initial public offering (IPO) on December 19, 2024, setting the price band at Rs 269-283 per share. This IPO includes an offerfor-sale of 2.97 crore shares by existing shareholders and promoters, aiming to raise nearly Rs 840 crore at the upper end of the price band. If successful, this would bring the company's market capitalization to approximately Rs 2,000 crore, marking a significant milestone in its growth trajectory. This IPO reflects their ongoing commitment to expanding their market presence and enhancing shareholder value," added Bajaj Broking in an IPO note.
DAM Capital Advisors IPO 2024 Live Updates: Anand Rathi on IPO
"On valuation parse at the upper band of Rs 283/-, the issue is asking for a Market Cap of Rs 20000 Mn. Based on annualized earnings, the company is asking a PE of 22.8x times for FY 2025 which is fully priced. Therefore we believe that the company is well-placed to leverage the growing capital market opportunities in India. As part of its growth strategy, the company plans to enter additional fee-based businesses to capitalize on emerging market trends. Additionally, a strategic partnership with a global merchant bank will strengthen its ability to handle cross-border transactions and broaden its international presence. Hence considering all parameters, we recommend the issue can be consider as “SUBSCRIBE for LONG TERM”, said Anand Rathi in an IPO note