DAM Capital IPO Opens on December 19; Key Financials to Consider

DAM Capital Advisors Limited IPO, one of the upcoming IPOs in India, is set to open its subscription on December 19, 2024 and closes on December 23, 2024.

DAM Capital IPO price band is set at ₹269 to ₹283 per share. The minimum lot size for an application is 53. The minimum investment amount required by retail investors is ₹14,999.

It is a book-built issue of ₹840.25 crores. The issue is entirely an offer for sale of 2.97 crore shares.

Before deciding to subscribe to the DAM Capital IPO, it’s important to understand the company’s key financial results.

DAM Capital Advisors Financial Performance

Total Income Breakdown

For the six months ended September 30, 2024, the company reported a total income of ₹1,095.82 million, with a significant portion, 54.06%, coming from merchant banking revenue. In FY 2024, the merchant banking revenue accounted for 67.24% of the total income of ₹1,820.00 million. In FY 2023, the merchant banking revenue accounted for 60.01% of the total income of ₹850.41 million

Over the last few fiscal years, the company has experienced fluctuations in revenue proportions, with merchant banking consistently being a dominant contributor. The broking revenue contributed 39.47% of the total income in the six months ended September 30, 2024. It has seen a drop from 35.75% of the total income in FY 2023 to 28.27% of the total income in FY 2024. These figures reflect the company’s evolving revenue mix and its strategy to balance between merchant banking and broking operations.

About DAM Capital Advisors Ltd

DAM Capital is a prominent merchant bank in India, holding a 12.1% market share based on the number of initial public offerings (IPOs) and qualified institutional placements (QIPs) where it acted as the book-running lead manager in Fiscal 2024.

The company offers a wide range of financial services, including merchant banking solutions such as equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory. It also provides institutional equities services, encompassing broking and research.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.