About DAM Capital Advisors
Founded in 1993, DAM Capital Advisors is a leading Indian merchant bank distinguished by its rapid revenue growth and high-profit margins. It offers extensive financial services, including merchant banking in equity capital markets, mergers and acquisitions, private equity, structured finance advisory, and institutional equities comprising broking and research. Since the acquisition on November 7, 2019, until October 31, 2024, DAM Capital Advisors Limited has successfully executed 72 Equity Capital Market (ECM) transactions, including 27 IPOs, 16 QIPs, 6 OFS, 6 preferential issues, 4 rights issues, 8 buybacks, 4 open offers, and 1 REIT IPO. Its institutional equities division, comprising 29 research and 34 broking professionals, services 263 active clients, including FPIs, across key global markets such as India, the USA, Europe, and Asia.
Issue size
| Funds Raised in the IPO |
Amount |
| Overall |
₹840 crores |
| Offer for sale |
₹840 crores |
Financials
| Financial Year Ended |
March 2022 |
March 2023 |
March 2024 |
September 2024 |
| Total Assets |
166.72 |
1,201.16 |
214.68 |
257.45 |
| Revenue |
94.51 |
85.04 |
182 |
109.58 |
| Profit After Tax |
21.9 |
8.67 |
70.52 |
43.78 |
*All figures are in ₹ Crores.
Strengths
- Fastest-growing merchant bank with a significant market share.
- Comprehensive institutional equities platform with global investor reach.
- Experienced management and predominantly independent board leadership.
- Proven expertise in executing complex financial transactions successfully.
- Strong revenue growth and profitability with consistent performance.
- Deep sector knowledge across multiple financial services offerings.
Risks
- Regulatory changes may impact operations and profitability.
- Market dependency exposes the business to economic fluctuations.
- IT system vulnerabilities risk cyberattacks and operational disruptions.
- Human errors could lead to financial and reputational damage.
- Global economic factors may affect investor sentiment and business growth.
- Third-party vendor reliance risks operational and compliance disruptions.
- Non-compliance could harm brand reputation and client confidence.
- Adverse market conditions may impact revenue from equity transactions.
Schedule of DAM Capital Advisors
| Issue period |
19 - 23 Dec 2024 |
| UPI mandate deadline |
23 Dec 2024 (5 PM) |
| UPI mandate deadline |
23 Dec 2024 (5 PM) |
| Allotment finalization |
24 Dec 2024 |
| Refund initiation |
26 Dec 2024 |
| Share credit |
26 Dec 2024 |
| Listing date |
27 Dec 2024 |
| Mandate end date |
07 Jan 2025 |
| Lock-in end date for anchor investors (50%) |
23 Jan 2025 |
| Lock-in end date for anchor investors (remaining) |
24 Mar 2025 |
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