DAM Capital Advisors IPO
DAM Capital Advisors IPO — date, price band, lot size & details 2024
DAM Capital Advisors listed on 27 Dec 2024 at ₹393, 38.9% above the ₹283 issue price.
DAM Capital Advisors is a merchant bank and institutional broker that had a 12.1% share of IPO and QIP deals in India by number in Fiscal 2024. Its total income was Rs 182.00 crore in FY2024.
Stock price
DAM Capital Advisors is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 19 Dec 2024
- Close 23 Dec 2024
- Allotment 24 Dec 2024
- Refund/credit 26 Dec 2024
- Listing 27 Dec 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 23 Dec, 2024 |
|---|---|
| Price Band | ₹269 – ₹283 |
| Face Value | ₹2 |
| Lot Size | 53 Shares |
| Issue Size | ₹840.25 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,999 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 53 shares at the ₹283 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 53 | ₹14,999 |
| Retail (max) | 13 | 689 | ₹1,94,987 |
| S-HNI (min) | 14 | 742 | ₹2,09,986 |
| S-HNI (max) | 66 | 3,498 | ₹9,89,934 |
| B-HNI (min) | 67 | 3,551 | ₹10,04,933 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 94.51 crore in FY2022 to Rs 182.00 crore in FY2024.
- 02Profit after tax rose from Rs 8.67 crore in FY2023 to Rs 70.52 crore in FY2024.
- 03Profit after tax was Rs 43.78 crore in the six months to 30 September 2024.
- 04Its IPO and QIP market share rose from 8.2% in Fiscal 2021 to 12.1% in Fiscal 2024.
- 05The source puts the PAT margin at 38.75% and return on net worth at 44.98%.
Risks · 5
- 01The whole Rs 840.25 crore issue was offer for sale, so no money went to the company.
- 02Income depends heavily on capital market activity, as seen when profit fell to Rs 8.67 crore in FY2023.
- 03The P/E was 28.37 at the upper band of Rs 283, based on EPS of Rs 9.98.
- 04Merchant banking is competitive, and a few large deals can drive a year's income, with 17 IPOs and QIPs in Fiscal 2024.
- 05Promoters held only 44.38% before the issue and 40% after it.
Three years of numbers
All figures in ₹ crore, as reported in the DAM Capital Advisors offer document.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 257.45 | 214.68 | 1,201.16 | 166.72 |
| Total Income | 109.58 | 182.00 | 85.04 | 94.51 |
| Profit After Tax | 43.78 | 70.52 | 8.67 | 21.90 |
| NET Worth | 202.50 | 162.61 | 95.13 | 87.97 |
| Total Borrowing | 4.75 | 4.93 | 3.29 | 1.41 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the DAM Capital Advisors RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
DAM Capital Advisors IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹9.98 | ₹9.98 |
| P/E Ratio (x) | 28.37 | 28.37 |
| Market Cap at Offer Price (₹ Cr) | ₹1,241.46 | ₹1,241.46 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹283 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the DAM Capital Advisors IPO will be updated shortly.
DAM Capital Advisors IPO Anchor Investors
33 anchor investors across 23 fund houses committed ₹251.45 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
As per the RHP's industry report, it was one of the leading merchant banks, acting as book running lead manager on 17 IPOs and QIPs in Fiscal 2024, a 12.1% market share by number. Its share rose from 8.2% in Fiscal 2021.
Its promoters are Dharmesh Anil Mehta, Sonali Dharmesh Mehta and Boombucket Advisors.
The IPO was Rs 840.25 crore and was entirely an offer for sale by investors such as Multiples Alternate, Narotam Sekhsaria, RBL Bank and Easyaccess Financial, and by promoter Dharmesh Anil Mehta, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
DAM Capital Advisors IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Nuvama Wealth Management Ltd.
42 issues handledBest listing: Gandhar Oil Refinery (India) (+76.3%). Weakest: ACME Solar Holdings (-13.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of DAM Capital Advisors?
The current Grey Market Premium is ₹135, or 48% over the issue price.
What is the DAM Capital Advisors IPO price band?
₹269 to ₹283, on a face value of ₹2.
When is the allotment?
The basis of allotment is 24 December 2024, with listing on 27 December 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
