Upcoming IPO: DAM Capital Advisors Restricted, has been issued ultimate statement by the Securities and Trade Board of India (SEBI), permitting them to lift funds via an preliminary public providing (IPO). The corporate submitted its IPO paperwork to SEBI on September 09, 2024.
DAM Capital has emerged because the quickest rising funding financial institution in India, showcasing exceptional income progress from Fiscal 2022 to 2024 and reaching the best revenue margin amongst its friends in Fiscal 2024. Notably, the agency holds a major market presence, capturing 12.1% of the market share when it comes to the variety of IPOs and QIPs throughout Fiscal 2024.
DAM Capital gives a various vary of monetary options, together with funding banking companies equivalent to fairness capital markets (ECM), mergers and acquisitions (M&A), personal fairness (PE), and structured finance advisory. Moreover, it gives institutional equities companies, together with brokerage and analysis.
The DAM Capital Advisors IPO consists solely of an offer-for-sale (OFS) of three.2 crore fairness shares, with no new issuance of shares. Nuvama Wealth Administration is serving as the only real service provider banker for this providing.
DAM Capital has demonstrated spectacular progress over the previous few years. The corporate’s whole earnings reached ₹1,820.00 million in fiscal 12 months 2024, up from ₹850.41 million in 2023 and ₹945.08 million in 2022. This displays a robust compound annual progress price (CAGR) of 38.77%. Moreover, the revenue after tax has proven exceptional enchancment, growing to ₹705.23 million in fiscal 12 months 2024, in comparison with ₹86.74 million in 2023 and ₹218.98 million in 2022, leading to an distinctive CAGR of 79.46%.
As of July 31, 2024, DAM Capital employs a staff of 115 people with numerous experience throughout varied sectors and product strains.
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