December 21, 2024
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DAM Capital Advisors IPO GMP, Review, Subscription Status, allotment & listing details @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Latest updates of DAM Capital Advisors IPO Listing
The company has received Sebi green signal for its IPO and soon the dates and price band are expected to be announced.
What is the last GMP of DAM Capital Advisors IPO?
For latest GMP, Click
DAM Capital Advisors IPO Subscriptions (Day 2)Price Rs. 283 Lot 53 shares, Net Rs. 840.25 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 0.07 | 9.33 | 16.02 | 11.56 | 9.16 | 7.10 |
| Applications: 15,86,828 / (?x) Amount wise Bids recd. Rs. ? Crore |
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Who are the promoters of DAM Capital Advisors IPO?
Dharmesh Anil Mehta, Sonali Dharmesh Mehta and Boombucket Advisors Private Limited are the company promoters
What are the Objects of DAM Capital Advisors IPO?
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
What is the business of DAM Capital Advisors?
DAM Capital Advisors Limited is a prominent investment bank in India, offering a comprehensive range of financial services across two main segments:
- Investment Banking: This includes equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory services.
- Institutional Equities: This covers broking and research services.
As of July 31, 2024, DAM Capital Advisors has successfully completed 67 ECM transactions, which include 26 initial public offerings (IPOs), 15 qualified institutional placements (QIPs), 5 offers for sale, 6 preferential issues, 3 rights issues, 7 buybacks, 4 open offers, and 1 IPO of units by a real estate investment trust (REIT).
The company has also provided advisory services in 20 transactions, encompassing M&A, private equity, and structured finance advisory. Additionally, DAM Capital Advisors has executed various block trades during the period from its acquisition until July 31, 2024.
Regarding its institutional equities business, as of July 31, 2024, the company employs 27 professionals in research and 33 in the broking team.
DAM Capital Advisors serves a diverse client base, with 257 active clients, including registered Foreign Portfolio Investors (FPIs), spanning regions such as India, the USA, the UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, the Middle East, and South Africa.
The company’s workforce comprises 115 employees across all functions as of July 31, 2024. Additionally, its wholly-owned subsidiary, DAM Capital (USA) Inc., is based in New York, USA, and is registered as a Broker-Dealer with the Securities and Exchange Commission (SEC).
For more information, click : https://www.damcapital.in/
DAM Capital Advisors IPO GMP grey market premium, review, Subscription, allotment, listing estimate
| DAM Capital Advisors IPO Details | |
| IPO opens on | 19 December 2024 |
| IPO closes on | 23 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 29690990 Shares / Rs 840.25 Crore |
| * Fresh Issue | – Shares / Rs ? Crore |
| * Offer for Sale | 29690990 Shares / Rs 840.25 Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs.269-283 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 53 Shares |
| Listing will at | BSE, NSE |
| Shares offered in DAM Capital Advisors? | Shares | Rs. in Crore |
| QIB (50 %) | 14845495 | 420.13 |
| NII (15 %) | 4453648 | 126.03 |
| RII (35 %) | 10391847 | 294.09 |
| Employees | ? | – |
| Total Shares | 29690990 | 840.25 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in DAM Capital Advisors IPO? | Amount Rs. |
|
| Min Retail Application | 53 Shares | 14999 |
| Max Retail Application | 689 Shares | 194987 |
| Small HNI (Min) application | 742 Shares | 209986 |
| Small HNI (Max) application | 3498 Shares | 989934 |
| Big HNI Application | 3551 Shares | 1004933 |
| What is the timetable of DAM Capital Advisors IPO? |
|
| IPO opens on | 19 December 2024 |
| IPO Closes on | 23 December 2024 |
| IPO Allotment on | 24 December 2024 |
| Unblocking of ASBA | 26 December 2024 |
| Credit of Shares | 26 December 2024 |
| Listing on | 27 December 2024 |
| Registered Office of DAM Capital Advisors | |
| DAM Capital Advisors Limited PG-1, Ground Floor, Rotunda Building, Dalal Street, Fort, Mumbai 400001, |
|
| Who is the Lead Manager of DAM Capital Advisors IPO? Nuvama Wealth Management Limited |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
| DAM Capital Advisors IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 94.51 | 21.90 | 3.10 | 24.89 |
| 2022-23 | 85.0 | 8.67 | 1.23 | 9.12 |
| 2023-24 | 182.00 | 70.52 | 9.98 | 43.37 |
| Book Value of the Share on 31.03.2024 |
Rs. | 23.00 | ||
| BV after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 283 | ||
| DAM Capital Advisors IPO Ratio Analysis |
|
| Price /EPS | 28.35 |
| Price/BV | 12.30 |
| Price/BV after IPO | ? |
How DAM Capital Advisors IPO compares with the Peers?
| As on date of DRHP | FV | Price to | PE |
| Rs. | Book Value | Ratio of | |
| Ratio | |||
| DAM Capital Advisors | 2 | ? | 28.35 |
| ICICI Securities | 5 | 6.66 | 15.40 |
| IIFL Securities | 2 | 4.80 | 16.68 |
| J M Financial | 1 | 6.09 | 6.03 |
| Motilal Oswal FS. | 1 | 0.62 | 0.62 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
DAM Capital Advisors IPO Review * by Paresh Gordhandas, CA & Research Analyst.
DAM Capital Advisors Limited is a leading Indian investment bank offering a wide array of financial services across two core segments: Investment Banking and Institutional Equities. As of July 31, 2024, the company has successfully completed 67 ECM transactions, including 26 IPOs, 15 Qualified Institutional Placements (QIPs), 5 Offers for Sale, 6 Preferential Issues, 3 Rights Issues, 7 Buybacks, 4 Open Offers, and 1 IPO of units for a Real Estate Investment Trust (REIT).
Its wholly owned subsidiary, DAM Capital (USA) Inc., based in New York, is registered as a Broker-Dealer with the U.S. Securities and Exchange Commission (SEC), enabling the company to expand its global footprint.
DAM Capital is a debt-free, cash-rich company, making it financially stable. The company is launching an Offer for Sale (OFS) IPO valued at Rs. 840.25 crore, with strong oversubscription expected. The retail portion is Rs. 294.09 crore, and the HNI portion is Rs. 126.03 crore.
While the company’s shares are priced at a slightly higher valuation compared to peers, its focus on merchant banking sets it apart from competitors that have a larger share of broking and securities business. The ratio of the grey market premium to the offer price is highly attractive, further enhancing the IPO’s appeal.
Given the strong potential for listing gains and solid long-term growth prospects, this IPO presents a compelling investment opportunity.
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