DAM Capital Advisors IPO: The IPO (Initial Public Offering) of DAM Capital Advisors is set to open new opportunities for investors. As one of the prominent investment banks in India, DAM Capital Advisors is stepping into the public market with a robust offering. Here are the complete details for prospective investors.
About DAM Capital Advisors
DAM Capital Advisors IPO: Established in 1993, DAM Capital Advisors Limited (formerly IDFC Securities) has a strong presence in financial services, offering investment banking, equity capital markets, mergers and acquisitions, private equity, structured finance advisory, and institutional equities comprising broking and research. The company has a track record of executing numerous transactions across various domains, serving both domestic and international clients.
IPO Details
Opening Date: December 19, 2024
Closing Date: December 23, 2024
Price Band: ₹269 to ₹283 per equity share
Issue Size: ₹840.25 crore, comprising an Offer for Sale of 2.97 crore shares by existing shareholders
Market Lot: Minimum of 53 shares and multiples thereof, with a minimum investment requirement of ₹14,999 for retail investors
Listing Exchanges: The shares will be listed on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
Timeline of the IPO
Basis of Allotment Finalization: December 24, 2024
Initiation of Refunds: December 26, 2024
Credit of Shares to Demat Accounts: December 26, 2024
Listing Date: December 27, 2024
Financial Performance
DAM Capital Advisors IPO: DAM Capital Advisors has shown significant financial growth over the years. Below are the key financial metrics:
Revenue from Operations:
FY 2022: ₹94.51 crore
FY 2023: ₹85.04 crore
FY 2024: ₹182.00 crore
Profit After Tax (PAT):
FY 2022: ₹21.90 crore
FY 2023: ₹8.67 crore
FY 2024: ₹70.52 crore
Net Worth:
FY 2022: ₹87.97 crore
FY 2023: ₹95.13 crore
FY 2024: ₹162.61 crore
These numbers reflect the company’s strong operational efficiency and its potential for sustained growth.
Objectives of the IPO
DAM Capital Advisors IPO: The proceeds from the IPO are intended for:
1. Expansion of Services: Enhancing existing services and entering new verticals to strengthen market presence.
2. Debt Repayment: Reducing existing liabilities to improve financial health.
3. General Corporate Purposes: Supporting day-to-day operations and strategic initiatives.
Why Should You Invest?
1. Strong Market Position: DAM Capital Advisors is a reputed player in the financial services sector with an established client base.
2. Growth Potential: The company’s focus on innovation and diversification positions it for future expansion.
3. Positive Financials: Consistent financial performance underscores its growth trajectory.
4. Experienced Management: A skilled leadership team ensures strategic decision-making and execution.
Risks to Consider
While the IPO offers exciting prospects, investors should be mindful of potential risks:
Market Volatility: Post-listing price fluctuations are possible due to market conditions.
Competition: The financial advisory and investment banking sectors are highly competitive.
Regulatory Changes: Any alterations in financial regulations could impact the company’s operations.
How to Apply for the IPO
DAM Capital Advisors IPO: Investors can apply through the following methods:
ASBA (Applications Supported by Blocked Amount): Available via net banking services of participating banks.
UPI (Unified Payments Interface): Retail investors can use UPI for IPO applications through brokerage platforms.
Stockbrokers: Seek assistance from your broker to apply.