DAM Capital Advisors Limited IPO

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DAM Capital is the fastest-growing merchant bank in India by revenue CAGR between Fiscal 2022 and Fiscal 2024, holding the highest profit margin among its peers in Fiscal 2024, as per CRISIL Report.

Service Offerings:

i. Merchant Banking Solutions:
a. Equity Capital Markets (ECM): Facilitating IPOs, QIPs, and other ECM transactions.
b. Advisory Services: Providing strategic advice on mergers, acquisitions, private equity, and structured finance.

ii. Institutional Equities:
a. Broking and Research Services: Backed by a strong research team and broking professionals, DAM Capital provides in-depth insights and services to institutional investors.
b. Global Client Base: Servicing 263 active clients, including Foreign Portfolio Investors (FPIs), across major markets:
i. India                               ii. USA                              iii. UK and Europe                          iv. Hong Kong and Singapore
v. Australia                       vi. Taiwan                        vii. South Korea                               viii. Middle East
ix. South Africa

Focus Areas and Competitive Edge:

i. Indian Capital Markets: DAM Capital focuses on India, recognized as one of the most dynamic and fast-growing markets globally.
ii. Strategic Advisory: The company leverages deep domain knowledge, sectoral expertise, and experienced leadership to deliver financial solutions.
iii. Marquee Clientele: Its diverse client base includes corporates, financial sponsors, institutional investors, and family offices.

Summary

DAM Capital has positioned itself as a leading player in India’s merchant banking and institutional equities space. By achieving significant transaction volume, maintaining a robust global client network, and leveraging its deep industry expertise, it continues to drive growth and profitability in the Indian capital markets.

Objects of the DAM Capital Advisors Limited IPO:

The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. Total number of share issue :- i. Offer for sale is 2,96,90,900 shares.
DRHP of DAM Capital Advisors Limited IPO
RHP of DAM Capital Advisors Limited IPO

DAM Capital Advisors Limited IPO Details:

Open Date: Dec 19 2024
Close Date: Dec 23 2024
Total Shares: 2,96,90,900
Face Value: ₹ 2 Per Equity Share
Issue Size: 840.25 Cr.
Lot Size: 53 Shares
Issue Price: ₹ 269 - 283 Per Equity Share
Listing At: NSE,BSE
Listing Date: Dec 27 2024

Promoters And Management:

MV Nair, Chairperson and Independent Director since August 19, 2024, brings over 20 years of board experience. A science graduate from the University of Mysore, he holds leadership and advisory roles in multiple companies, including BQ Digital, Propelld, WestBridge Advisors, and Progcap. He previously led Union Bank, Dena Bank, TransUnion CIBIL, and chaired the Indian Banks’ Association. Natarajan Srinivasan, Independent Director since August 19, 2024, has over 19 years of board experience. A member of the Institute of Chartered Accountants of India, he currently serves on the boards of Godrej Agrovet Limited and CAMS. He has previously held directorships in companies like Cholamandalam Financial Holdings, CG Power, and Tamil Nadu Water Investment Company. Rajendra Prabhakar Chitale, Independent Director since December 15, 2020, has over 29 years of board experience. A law graduate from the University of Mumbai and a member of the ICAI, he has held directorships at NSE Clearing, Clearing Corporation of India, SIDBI, and NSE. He has also served on key government committees, including IRDAI’s Insurance Advisory Committee and FSLRC. He is the Managing Partner of M.P Chitale & Co. and Chitale & Co.

Financials of DAM Capital Advisors Limited IPO:

 
Particulars (in Million) FY 2022 FY 2023 FY 2024
i) Interest Income 16.35 34.52 62.07
ii) Dividend Income 0.14 0.01 -
iii) Fees and Commission Income 913.54 814.38 1,738.35
iv) Net gain on fair value changes 3.65 0.35 -
Other Income 11.4 1.15 19.58
Total Income 945.08 850.41 1,820.00
Finance Costs 11.52 10.99 12.12
Fees and Commission Expenses 55.43 59.09 66
Employee Benefit Expense 482.38 535.07 653.41
Depreciation and Amortisation 50.71 53.78 63.37
Other Expenses 64.58 72.82 70.42
Profit/(Loss) for the Period 218.98 86.74 705.23
 

Comparison With Peers:

Company Name Revenue (Cr) EBITDA (Cr) OPM PAT (Cr) NPM P/E Mcap (Cr)
DAM Capital Advisors 182 103 56.59% 70 38.46% 28 2000
ICICI Securities 5,049 3,372 66.79% 1,697 33.61% 13 27,400
IIFL Capital Services 2,218 933 42.06% 513 23.13% 15.1 10,420
Motilal Oswal Financial Services 7,069 4,067 57.53% 2,446 34.60% 17.1 57,000

Recommendation on DAM Capital Advisors Limited IPO:

Review and Recommendation of DAM Capital Advisors IPO by IZ team is 4/10

Lead Manager of DAM Capital Advisors Limited IPO:

  1. Nuvama Wealth Management Limited

Registrar of DAM Capital Advisors Limited IPO:

  1. Link Intime India Private Limited

Company Address:

DAM Capital Advisors Limited PG-1, Ground Floor, Rotunda Building, Dalal Street, Fort, Mumbai 400001, Phone: +91 22 4202 2500 Email: compliance@damcapital.in Website: https://www.damcapital.in/

Discussion on DAM Capital Advisors Limited IPO:

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