DAM Capital Advisors IPO Date, Price, GMP – All Details:
- Issue Period: December 19 to December 23, 2024.
- Issue Size: ₹840.25 crore, entirely an Offer for Sale (OFS) of 2.97 crore equity shares. The company will not receive any proceeds from this offer.
- Price Band: ₹269 to ₹283 per share.
- Lot Size: Minimum of 53 shares and in multiples thereafter.
- Listing Date: Expected on December 27, 2024.
- DAM Capital Advisors IPO Date, Price, GMP – All Details:
- Company Overview: DAM Capital Advisors IPO
- Financial Performance: DAM Capital Advisors IPO
- Subscription Status (as of December 19, 2024): DAM Capital Advisors IPO
- DAM Capital Advisor IPO Grey Market Premium (GMP):
- Analyst Recommendations: DAM Capital Advisors IPO
- Key Considerations: DAM Capital Advisors IPO
Company Overview: DAM Capital Advisors IPO
DAM Capital Advisors is a leading merchant bank in India, offering services in merchant banking—including equity capital markets, mergers and acquisitions, private equity, and structured finance advisory and institutional equities, comprising broking and research. As of the six months ending September 30, 2024, merchant banking accounted for 54.1% of the company’s total revenue, while broking activities contributed 39.5%.
Financial Performance: DAM Capital Advisors IPO
- FY24 Revenue: ₹478 crore, an increase of 11% from the previous fiscal year.
- Net Profit: ₹70.52 crore in FY24, a significant rise from ₹8.67 crore in FY23.
- EBITDA: ₹92.12 crore, with margins expanding to 51.2% from 21.4% in the prior year.
- Debt: As of September 30, 2024, the company’s debt stood at ₹104.59 crore.
Subscription Status (as of December 19, 2024): DAM Capital Advisors IPO
- Overall Subscription: 0.12 times.
- Qualified Institutional Buyers (QIBs): Yet to subscribe.
- Non-Institutional Investors (NIIs): 0.17 times.
- Retail Investors: 0.16 times.
- Employee Reservation: 0.16 times.
DAM Capital Advisor IPO Grey Market Premium (GMP):
As of December 19, 2024, the GMP for DAM Capital Advisors shares is approximately ₹135, indicating a potential listing price of around ₹418 per share, which is a 47.7% premium over the upper end of the price band.
Analyst Recommendations: DAM Capital Advisors IPO
Analysts have given a “Subscribe for Long Term” rating, citing the company’s strong market position, diverse client base, robust financial performance, and growth prospects in India’s expanding capital markets. However, they note that the valuation is fully priced.
Key Considerations: DAM Capital Advisors IPO
- Growth Potential: The company is well-positioned to leverage opportunities in India’s growing capital markets.
- Valuation: At the upper price band, the company is seeking a P/E ratio of 28.4x based on its FY24 EPS of ₹10, which is higher than the average of its peers.
- Use of Proceeds: Since the IPO is entirely an OFS, the proceeds will go to the selling shareholders, and the company will not receive any funds from the issue.
Potential investors should carefully consider these factors and consult with financial advisors before making investment decisions.
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