DAM Capital Advisors is India’s fastest-growing investment bank, with a high profit margin in Fiscal 2024 and the highest revenue CAGR from Fiscals 2022 to 2024 among its peers. The company boasts a 12.1% market share in the investment banking space, based on the number of Initial Public Offerings (IPOs) and Qualified Institutional Placements (QIPs) it has handled as the book-running lead manager in Fiscal 2024.

The DAM Capital Advisors IPO is a Book Built Issue amounting to ₹840.25 Crores, consisting entirely of an Offer for Sale of 2.97 Crores shares. The subscription period for the IPO opens on December 19, 2024, and closes on December 23, 2024. The allotment date is expected to be finalized by December 24, 2024, with shares set to be listed on the BSE & NSE on or around December 27, 2024.

The price band for the IPO is set at ₹269 to ₹283 per equity share, with a lot size of 53 shares. Retail investors are required to invest a minimum of ₹14,999, while High-Net-Worth Individuals (HNIs) need to invest in 14 lots (742 shares), which amounts to ₹2,09,986. At the upper price band of ₹283, the market capitalization of DAM Capital Advisors is expected to be ₹2,000.41 Crores.

DAM Capital Advisors IPO GMP Today:
The Grey Market Premium (GMP) of the DAM Capital Advisors IPO is expected to be around ₹80, based on the financial performance of the company. This indicates a potential listing gain of 28.27%. However, it is important to remember that GMP is unofficial and can fluctuate based on demand and supply in the grey market, so it should not be relied upon for accurate price discovery.

DAM Capital Advisors IPO Subscription Status:
The DAM Capital Advisors IPO subscription has been extremely positive. As of December 23, 2024, the IPO was subscribed 82.08 times on the final day of the subscription period. This strong demand shows that the market is optimistic about the company’s potential, which may lead to a strong listing performance.

DAM Capital Advisors IPO Anchor Investors Report:
DAM Capital Advisors raised ₹251.48 Crores from Anchor Investors at a price of ₹283 per share. A total of 88,86,268 equity shares were allocated to Anchor Investors, demonstrating strong confidence from institutional investors in the company.

DAM Capital Advisors IPO Allotment Date - Step-by-Step Guide:
The DAM Capital Advisors IPO allotment date is set for December 24, 2024. Once the allotment is finalized, investors can check their status by visiting the registrar’s website. Here’s how to check the allotment status:

• Visit the IPO allotment status page.
• Select DAM Capital Advisors IPO from the dropdown list.
• Enter your application number, PAN, or DP Client ID.
• Submit the details to check your allotment status.

Objectives of the DAM Capital Advisors IPO:
Since this IPO is an Offer for Sale (OFS), DAM Capital Advisors will not receive any proceeds from the sale of shares. The proceeds from the sale will be received by the Selling Shareholders, after deducting their portion of the offer-related expenses and taxes.

DAM Capital Advisors IPO Review:
DAM Capital Advisors has demonstrated impressive growth, with revenues from operations of ₹1,077.52 Million for the period ending on September 30, 2024. The EBITDA for the same period stands at ₹623.59 Million, and the Profit After Tax (PAT) is ₹437.80 Million. These figures highlight the company’s strong financial position and profitability.

The pre-issue EPS is ₹9.98, and the post-issue EPS remains the same, indicating a stable earnings outlook. The P/E ratio for the IPO at the upper price band of ₹283 is 28.36x (pre-issue) and 28.37x (post-issue), compared to the industry’s average P/E ratio of 24x. The company’s Return on Capital Employed (ROCE) for FY24 is 72.7%, and the Return on Equity (RoE) is 58.72%, reflecting a highly efficient business model.

Based on its strong financials, the positive IPO subscription status, and the strong Grey Market Premium, the DAM Capital Advisors IPO is fairly priced, with potential for listing gains. Therefore, we recommend risky investors apply for listing gains.

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