Dam Capital Advisors Ltd. was incorporated on May 7, 1993. The company provides a wide range of financial solutions in areas of investment banking comprising equity capital markets, mergers and acquisitions, private equity, & structured finance advisory, and institutional equities comprising broking and research.
| Bidding Dates |
|---|
| 19 Dec 2024 - 23 Dec 2024 |
| Subscription |
|---|
| 82.08x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,257 | 1 | 13 | 53 | 29.7 M | ₹269 - ₹283 | 41.5 % | ₹7986.9 M - ₹8402.5 M | RHP DOC |
Dam Capital Advisors Ltd. IPO SUBSCRIPTION STATUS
23 Dec '24Dam Capital Advisors Ltd. IPO overall subscription rate was 82.08 times the total available shares
Dam Capital Advisors Ltd. IPO retail subscription rate was 27.13 times in the retail segment
Dam Capital Advisors Ltd. IPO non-institutional investor subscription rate was 98.62 times in the non-institutional investor category
Dam Capital Advisors Ltd. IPO Qualified Institutional Bidder subscription rate was 166.33 times the available shares for Qualified Institutional Bidder
Dam Capital Advisors Ltd. IPO Employees subscription rate was 40.55 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
23 Dec 2024 (Day 3) | 27.13x | 98.62x | 166.33x | 40.55x |
20 Dec 2024 (Day 2) | 8.96x | 11.49x | 0.07x | 13.06x |
19 Dec 2024 (Day 1) | 3.88x | 3.72x | 0.01x | 6.19x |
Dam Capital Advisors Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 437.8 | 1,077.5 | 196.7 | 189.4 | 56.9% |
| FY24 | 705.2 | 1,800.4 | -5,950.2 | -5,993.0 | 56.6% |
| FY23 | 86.7 | 849.3 | 6,794.0 | 6,762.8 | 21.6% |
| FY22 | 219.0 | 933.7 | 374.4 | 358.1 | 36.3% |
Dam Capital Advisors Ltd. IPO SUBSCRIPTION STATUS DETAILS
Dam Capital Advisors Ltd. had 29.7 M shares on offer
Dam Capital Advisors Ltd. IPO offer price was in the range ₹269 - ₹283
Dam Capital Advisors Ltd. IPO minimum Investment was ₹14257
Dam Capital Advisors Ltd. IPO issue size was ₹ 7986.9 M - ₹ 8402.5 M
Dam Capital Advisors Ltd. had a minimum lot size of 53 Shares per application
Dam Capital Advisors Ltd. NUMBER OF SHARES ON OFFER
Dam Capital Advisors Ltd. IPO IMPORTANT DATES
| Issue Open Date | 19 Dec 2024 |
| Issue close Date | 23 Dec 2024 |
| Allotment Date | 24 Dec 2024 |
| Refund Date | 26 Dec 2024 |
| Demat Account Credit Date | 26 Dec 2024 |
| Listing Date | 27 Dec 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Dam Capital Advisors Ltd. Allotment Status | Exchange |
Dam Capital Advisors Ltd. IPO subscription opened on 19 Dec 2024, and closed on 23 Dec 2024
IPO allotment for Dam Capital Advisors Ltd. was finalized on Tuesday, 24 Dec 2024
IPO listing for Dam Capital Advisors Ltd. was on NSE and BSE on Friday, 27 Dec 2024
Dam Capital Advisors Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 283.0 |
| Listing Open Price | 393.0 |
| Listing Close Price | 415.1 |
| Listing Gain% | 38.9% |
| Current Gain% | -46.3% |
Dam Capital Advisors Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAM Capital Advisors Ltd. | 152 | 1074.6 | 14.8 | -0.5 | 4.5 | 21.9 | 16 | 237.1 | -5.2 | 72.7 | -30 | 10.3 | -30 |
| BSE Ltd. | 3457.1 | 140402.9 | 49.6 | 0.6 | 24.3 | 37.4 | 18.6 | 5148.1 | 59.1 | 2497 | 88.3 | 69.7 | 76.9 |
| Billionbrains Garage Ventures Ltd. | 190.5 | 119530.6 | 49 | 1.6 | 22.8 | 21.6 | 11.2 | 4815.9 | 18.6 | 2083 | 14.2 | 3.9 | 30.8 |
| Multi Commodity Exchange of India Ltd. | 2638 | 67266.8 | 43.6 | 0.3 | 25.6 | 46.8 | 17.8 | 2429 | 100.9 | 1331.6 | 137.8 | 60.5 | 136.4 |
| Motilal Oswal Financial Services Ltd. | 870 | 52386.8 | 26.5 | -0.9 | 5.2 | 14.5 | 4.3 | 9416.4 | 11.9 | 1869.3 | -25.3 | 32.9 | -28.8 |
| 360 One Wam Ltd. | 1168.1 | 47528.7 | 37.7 | 1.9 | 10.2 | 12.4 | 4.5 | 4477.3 | 21.5 | 1216.2 | 19.8 | 31 | 19.5 |
Dam Capital Advisors Ltd. INFORMATION ON IPO ISSUE
About Dam Capital Advisors Ltd.
Dam Capital Advisors Ltd. was incorporated on May 7, 1993. The company provides a wide range of financial solutions in areas of investment banking comprising equity capital markets, mergers and acquisitions, private equity, & structured finance advisory, and institutional equities comprising broking and research.
Object of the Issue
- To carry out the offer for sale of up to 32,064,010 equity shares of face value of Rs 2 each by the selling shareholders.
- To achieve the benefits of listing equity shares on the stock exchanges.
Dam Capital Advisors Ltd. - PROMOTERS
| Name |
|---|
| Dharmesh Anil Mehta |
| Sonali Dharmesh Mehta |
| Boombucket Advisors Private Limited |
Dam Capital Advisors Ltd. Book running lead manager
Nuvama Wealth Management Limited
dcal.ipo@nuvama.com
Dam Capital Advisors Ltd. Registrar to the issue
Link Intime India Private Limited
damcapital.ipo@linkintime.co.in
Dam Capital Advisors Ltd. Strengths
Fastest-growing investment bank
The company is one of the leading investment banks in India based on the number of initial public offerings and qualified institutional placements undertaken, as the book-running lead manager in FY24
In-depth sector understanding
The company's expertise across sectors and products allows it to identify niche sub-sectors and product opportunities early. This market insight helps in offering the right products to clients, and the deep sector knowledge enables the company to highlight unique opportunities in the market
Institutional equities platform with comprehensive research capabilities
The company's institutional equities platform is characterized by its comprehensive research and an experienced sales and trading team, providing services to its clientele across investor categories
Dam Capital Advisors Ltd. Risks
Highly regulated environment
The company operates in the investment banking and institutional equities industry which is subject to extensive regulation
Dependent on market & economic conditions
As an investment banking and securities firm, the business is materially affected by conditions in the economy and financial markets in both India and globally
Periodic inspections
The company faces significant legal risks in its investment banking and institutional equities businesses and the volume and amount of damages claimed in litigation against financial intermediaries could be significant
IPO FAQs
This IPO consists of an offer for sale of up to Rs 840.2 crore, of 29,690,900 shares.
The promoters of the company are Dharmesh Anil Mehta, Sonali Dharmesh Mehta and Boombucket Advisors Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 269.0 - 283.0.
The IPO application opens on Dec 19, 2024 and closes on Dec 23, 2024.
The minimum lot size for the IPO is 53. The maximum lot size for the IPO is 689.
For all category investors, the minimum application amount for this IPO is Rs. 14,257.0, the maximum value for this IPO is Rs 194,987.0.
This IPO will be allotted on Dec 24, 2024.
The refund will be credited to your account on Dec 26, 2024.
The allotted shares will be credited to your demat on Dec 26, 2024.
Dam Capital Advisors Ltd.’s shares listed on the stock exchanges on Dec 27, 2024.