DAM Capital Advisors Ltd

CLOSED

IPO Date: 19 Dec - 23 Dec 2024

Listing Date: 27 Dec 2024

Price Range

₹269 to ₹283 per share

Issue Size

840.25 Cr

Min Investment

14,257

Lot Size

53 Shares

Schedule of DAM Capital Advisors Ltd

Issue open date

19 Dec 2024

Issue close date

23 Dec 2024

UPI mandate deadline

23 Dec 2024 (5 PM)

Allotment finalization

24 Dec 2024

Share credit

26 Dec 2024

Listing date

27 Dec 2024

Mandate end date

7 Jan 2025

Issue size

Funds Raised in the IPOAmount
Overall840.25 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date24 Dec 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
28 Dec 2024283143426 (50.53%)
27 Dec 2024283143426 (50.53%)
26 Dec 2024283155438 (54.77%)
25 Dec 2024283170453 (60.07%)
24 Dec 2024283170453 (60.07%)
23 Dec 2024283160443 (56.54%)
22 Dec 2024283160443 (56.54%)
21 Dec 2024283160443 (56.54%)
20 Dec 2024283170453 (60.07%)
19 Dec 2024283148431 (52.3%)
18 Dec 2024283108391 (38.16%)

Performance DAM Capital Advisors Ltd

Issue PriceListing GainCurrent Market PriceP/L
₹269 to ₹283 per share 1457 (46.68%) 223.5-21.02%

About DAM Capital Advisors Ltd

DAM Capital Advisors Limited is an investment bank in India. The company offers a wide range of financial solutions in the areas of:(i) Investment 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 has successfully executed 72 ECM transactions comprising 27 IPOs, 16 qualified institutions placements, 6 offers for sale, 6 preferential issues, 4 rights issues, 8 buybacks, 4 open offers and 1 initial public offer of units by a real estate investment trust. (since the Acquisition i.e., November 7, 2019, till October 31, 2024).DAM Capital Advisors Limited has also advised on 23 advisory transactions including M&A; A advisory, private equity advisory and structured finance advisory and has also executed block trades since the Acquisition i.e., November 7, 2019, till October 31, 2024.The institutional equities business, as of October 31, 2024, comprises 29 employees in research and 34 employees in the broking team.The company has provided services to 263 active clients including registered FPIs spread across geographies such as India, USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, Middle East and South Africa.As of October 31, 2024, The company had a team of 121 employees across all businesses. The company's wholly-owned Subsidiary, DAM Capital (USA) Inc. is incorporated in New York, USA and is registered as a Broker-Dealer with the Securities and Exchange Commission.Company's History:The company started its journey in the securities market in 1993 as S.S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited. In 1994, the company rebranded as S.S. Kantilal Ishwarlal Securities Private Limited (SSKIPL).In 2006, Infrastructure Development Finance Company (IDFC) started acquiring SSKIPL, completing the process in 2008. In 2019, the IDFC group sold its entire stake to Dharmesh Anil Mehta and other investors. Following this, in July 2020, the company rebranded as DAM Capital Advisors Limited.

Founded in1993
Managing directorDharmesh Anil Mehta (Chairman and Managing Director), Pratik Ramesh Mehta (Executive Director), Jayesh Rajendra Doshi (Non-Executive Director), Pravin Kumar Agarwal (Non-Executive Director), Abhishek Subhash Kshirsagar (Non-Executive Director)
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)166.33
      Non-Institutional Investors (NIIs)98.47
      Retail Individual Investors (RIIs)26.8
      Employee40.09
      Total81.88