DAM Capital Advisors IPO: The preliminary public providing of DAM Capital Advisors opens for subscription on December 19 and can shut on December 23. The corporate goals to lift ₹840.25 crore via the IPO and checklist the shares on NSE and BSE.
Listed below are 10 key issues buyers must know concerning the public provide earlier than subscribing to the difficulty.
1) IPO dimension: The IPO is fully a suggestion on the market of two.97 crore shares with no recent situation element.
The problem will embrace a number of shareholders offloading their stakes via the provide on the market (OFS) mechanism. Among the many investor-selling shareholders, Multiples Alternate Asset Administration Non-public Restricted is about to supply as much as 8,714,400 fairness shares. Narotam Satyanarayan Sekhsaria will divest as much as 7,042,400 fairness shares, whereas RBL Financial institution Restricted plans to promote as much as 5,771,000 fairness shares. Moreover, Easyaccess Monetary Providers Restricted will provide as much as 5,064,250 fairness shares. From the promoter group, Dharmesh Anil Mehta will offload as much as 3,098,850 fairness shares as a part of the IPO.
2) Value band: The corporate is providing its shares at ₹269-283 apiece, and buyers can bid for 53 shares in 1 lot, requiring a minimal funding of ₹14,999.
3) Goal: For the reason that IPO is fully an OFS, the corporate is not going to obtain any funds from the share sale. The IPO will present promoters and promoting shareholders with an exit route.
4) Necessary Dates: The allotment for the DAM Capital Advisors IPO is anticipated to be finalized on Tuesday, December 24, 2024. DAM Capital Advisors IPO will checklist on BSE, NSE with tentative itemizing date fastened as Friday, December 27, 2024.
5) Problem construction: No more than 50% of the provide is reserved for QIB buyers, Not lower than 35% for retail buyers and never lower than 15% for non-institutional buyers.
6) Concerning the agency: DAM Capital Advisors Restricted is a distinguished funding financial institution in India, offering a complete suite of economic companies. Its choices embrace funding banking options similar to fairness capital markets (ECM), mergers and acquisitions (M&A), personal fairness (PE), and structured finance advisory. Moreover, the corporate delivers institutional fairness companies, together with broking and analysis.
7) Financials: Between the monetary years ending March 31, 2023, and March 31, 2024, DAM Capital Advisors witnessed a big development trajectory, with its income surging by 114 p.c and revenue after tax (PAT) hovering by a formidable 713 p.c.
8) Friends of the Firm: ICICI Securities, IIFL Capital, JM Monetary, and Motilal Oswal Monetary Providers are the listed friends of DAM Capital. DAM Capital has a price-to-earnings ratio of 28.35x, ICICI Securities of 16.96x, and IIFL Capital of 20.56x. In the meantime, the PE ratios of JM Monetary and Motilal Oswal Monetary Providers stand at 32.66x and 23.57x, respectively.
9) Lead supervisor and Registrar: Nuvama Wealth Administration Restricted is the guide operating lead supervisor of the DAM Capital Advisors IPO, whereas Hyperlink Intime India Non-public Ltd is the registrar for the difficulty.
10) DAM Capital Advisors GMP: The corporate’s shares within the gray market continued buying and selling at a premium of ₹108. This means an estimated itemizing value of ₹391, up 38.17 p.c from the IPO value of ₹283. The GMP was the identical as within the earlier session (December 17).
