DAM Capital Advisors IPO Review

DAM Capital is the fastest growing investment bank in India by revenue CAGR from Fiscals 2022 to 2024 with the highest profit margin in Fiscal 2024, among the peers considered. They are one of the leading investment banks in India with a market share of 12.1% based on the number of initial public offerings and qualified institutional placements undertaken by them as the book running lead manager in Fiscal 2024. 

The Company is led by strong and experienced Promoters, namely, DHARMESH ANIL MEHTA, SONALI DHARMESH MEHTA AND BOOMBUCKET ADVISORS PRIVATE LIMITED.

The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,077.52 Million, ₹ 1,800.42 Million, ₹ 849.26 Million and ₹ 933.68 Million respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 623.59 Million, ₹ 1,030.17 Million, ₹ 183.43 Million, and ₹ 342.69 Million, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 437.80 Million, ₹ 705.23 Million, ₹ 86.74 Million, and ₹ 218.98 Million respectively.

For the Dam Capital Advisors IPO, the company is issuing shares at a pre-issue EPS of ₹ 9.98 and a post-issue EPS of ₹ 9.98. The pre-issue P/E ratio is 28.36x, while the post-issue P/E ratio is 28.37x against the Industry P/E ratio is 24x. The company's ROCE for FY24 is 72.7% and RoE for FY24 is 58.72%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Dam Capital Advisors showing potential listing gains of 28.27%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Dam Capital Advisors Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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