Upcoming IPO: DAM Capital Advisors gets SEBI nod to launch IPO

Upcoming IPO: DAM Capital Advisors Limited, has been issued final observation by the Securities and Exchange Board of India (SEBI), allowing them to raise funds through an initial public offering (IPO). The company submitted its IPO documents to SEBI on September 09, 2024.

DAM Capital has emerged as the fastest growing investment bank in India, showcasing remarkable revenue growth from Fiscal 2022 to 2024 and achieving the highest profit margin among its peers in Fiscal 2024. Notably, the firm holds a significant market presence, capturing 12.1% of the market share in terms of the number of IPOs and QIPs during Fiscal 2024.

DAM Capital offers a diverse range of financial solutions, including investment banking services such as equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory. Additionally, it provides institutional equities services, including brokerage and research.

The DAM Capital Advisors IPO consists entirely of an offer-for-sale (OFS) of 3.2 crore equity shares, with no new issuance of shares. Nuvama Wealth Management is serving as the sole merchant banker for this offering.

DAM Capital has demonstrated impressive growth over the past few years. The company's total income reached ₹1,820.00 million in fiscal year 2024, up from ₹850.41 million in 2023 and ₹945.08 million in 2022. This reflects a strong compound annual growth rate (CAGR) of 38.77%. Additionally, the profit after tax has shown remarkable improvement, increasing to ₹705.23 million in fiscal year 2024, compared to ₹86.74 million in 2023 and ₹218.98 million in 2022, resulting in an exceptional CAGR of 79.46%.

As of July 31, 2024, DAM Capital employs a team of 115 individuals with diverse expertise across various sectors and product lines.

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