DAM Capital Advisors is one of India’s most successful investment banks, and it is all set for one of the most exciting events. They are planning their IPO and have submitted their DRHP with the SEBI to start the formalities. This IPO will comprise an offer for sale where the sellers offer up to 3. 206 crore shares.
Some of the major shareholders are offering their stocks through this IPO offer. Multiples Alternate Asset Management is offering 8,800,000 shares, RBL Bank is offering 6,831,000 shares, Easyaccess Financial Services is offering up to 5,123,250 shares, and Narotam Sekhsaria is offloading up to 7,068,600 shares.
Further, the company’s promoter, Dharmesh Anil Mehta, is selling 4,241,160 equity shares with a face value of Rs 2 each. Although the IPO has yet to be launched, the Book-Running Lead Manager is Nuvama Wealth Management Limited, and the company’s registrar is Link Intime India.
DAM Capital Advisors provides various financial services, including equity capital markets, mergers and acquisitions, private equity, structured finance advisory, and others. They also offer institutional equities business, such as broking and research services.
The company has not only grown fast but is also one of the first few investment banks in India to rapidly grow in terms of revenue from Fiscals 2022 to 2024.
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In fiscal 2024, it recorded the best profit margin compared with its competitors and enjoyed a market share of 12%. The number of funds raised was 1 per cent of the total IPOs and QIPs in the Indian Stock Exchanges.
The total consolidated revenue from the operation of DAM Capital for FY24 was Rs 180. 04 crore to Rs 84 crore although all the major revenue heads/ segments increased in their absolute amount received from the customers during the year.” 100 crore in FY23 and Rs 93 crore in FY 24. 36 crore in FY22.
They said that the company’s total consolidated profit for FY24 was Rs 68. 46 crore, which is being charged to curb jan-DPCs. Over Rs 9 crore is needed to contain jan-DPCs, Rs 27 crore in FY23 and Rs 22 crore in subsequent years, and if additional money has to be spent, that will be beyond this budget estimate. 43 crore in FY22.
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