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DAM Capital Advisors IPO
Price Band
₹269.0–283.0
Issue Size
₹840.25 Cr
Lot Size
53 shares
Min Investment
₹14,999
GMP
+₹143.0 (50.53%)
Issue Price
₹283.0
Subject to Sauda
₹5800
Paid only if allotted
DAM Capital Advisors IPO AI Summary
- DAM Capital Advisors IPO is listed on BSE, NSE in the Stockbroking & Allied sector.
- Price band: ₹269.0–₹283.0 per share, lot size 53 shares (min. investment ₹14,999).
- Subscription window: 19 Dec–23 Dec 2024, listing on 27 Dec 2024.
- Current GMP is +₹143.0 (50.53%), an estimated listing price of ₹426 — unofficial and can change daily.
DAM Capital Advisors Limited is set to offer its IPO with a price band of ₹269 to ₹283, aiming to raise ₹840.25 Cr. The company has shown significant growth in total income and profit after tax in the last financial year, indicating a strong financial position as it prepares for listing.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
DAM Capital Advisors IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Dec 2024 — not a current signal.
16 of 19 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
DAM Capital Advisors IPO Grey Market Premium (GMP) Today
GMP
+₹143.0
GMP %
+50.53%
Est. Listing
₹426.0
Updated: 25 Jul 2026 14:02
About the Company
DAM Capital Advisors Limited is an investment bank in India. The company offers a wide range of financial solutions in the areas of: (i) Investment banking comprising equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory; and (ii) Institutional equities comprising broking and research. The company has successfully executed 72 ECM transactions comprising 27 IPOs, 16 qualified institutions placements, 6 offers for sale, 6 preferential issues, 4 rights issues, 8 buybacks, 4 open offers and 1 initial public offer of units by a real estate investment trust. (since the Acquisition i.e., November 7, 2019, till October 31, 2024). DAM Capital Advisors Limited has also advised on 23 advisory transactions including M&A; A advisory, private equity advisory and structured finance advisory and has also executed block trades since the Acquisition i.e., November 7, 2019, till October 31, 2024. The institutional equities business, as of October 31, 2024, comprises 29 employees in research and 34 employees in the broking team. The company has provided services to 263 active clients including registered FPIs spread across geographies such as India, USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, Middle East and South Africa. As of October 31, 2024, The company had a team of 121 employees across all businesses. The company's wholly-owned Subsidiary, DAM Capital (USA) Inc. is incorporated in New York, USA and is registered as a Broker-Dealer with the Securities and Exchange Commission. Company's History: The company started its journey in the securities market in 1993 as S.S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited. In 1994, the company rebranded as S.S. Kantilal Ishwarlal Securities Private Limited (SSKIPL). In 2006, Infrastructure Development Finance Company (IDFC) started acquiring SSKIPL, completing the process in 2008. In 2019, the IDFC group sold its entire stake to Dharmesh Anil Mehta and other investors. Following this, in July 2020, the company rebranded as DAM Capital Advisors Limited.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 214.68 | 1,201.16 | 166.72 |
| Total Income | 182.00 | 85.04 | 94.51 |
| Profit After Tax | 70.52 | 8.67 | 21.90 |
| NET Worth | 162.61 | 95.13 | 87.97 |
| Reserves and Surplus | 148.47 | 80.99 | 73.84 |
| Total Borrowing | 4.93 | 3.29 | 1.41 |
Key Ratios
EPS
₹9.98
NAV
₹22.18
ROE
54.72%
RoNW
44.98%
P/B Value
12.76
P/E Ratio
28.37
Market Cap
₹2000.41 Cr
PAT Margin
38.75%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Motilal Oswal Financial Services Ltd. | 147.12 | 27.89% | 16.94 | 41.16 | 40.73 |
| Jm Financial Ltd. | 115.7 | 0.25% | 21.43 | 4.29 | 4.29 |
| Iifl Securities Ltd | 58.09 | 28.71% | 16.68 | 16.73 | 16.4 |
| Icici Securities Ltd | 121.4 | 43.25% | 15.4 | 52.51 | 52.22 |
| DAM Capital Advisors Limited This IPO | 23 | 43.37% | — | 9.98 | 9.98 |
Promoters
Dharmesh Anil Mehta, Sonali Dharmesh Mehta and Boombucket Advisors Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹85.04 Cr for the period ending 31 Mar 2023, which increased significantly to ₹182.00 Cr by 31 Mar 2024. This represents a strong growth trajectory over the year.
Profit Trend
Profit After Tax rose from ₹8.67 Cr for the period ending 31 Mar 2023 to ₹70.52 Cr by 31 Mar 2024. This substantial increase indicates a positive trend in profitability.
Valuation
Priced at roughly 28.37 times trailing earnings, versus peers trading at a P/E range of 15.4 to 21.43.
Grey Market Premium, Explained
The grey market premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics for the shares before they are officially listed on the stock exchange. A positive GMP indicates strong demand, while a negative GMP suggests weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors with a low risk appetite or those who prefer stable, established companies might consider avoiding IPOs, as they can be more volatile and uncertain.
Listing Gains — The Risk
Listing-day gains can be influenced by various factors including market conditions, investor sentiment, and the overall performance of the sector. While some IPOs may see significant gains on their listing day, others may not perform as expected, leading to potential losses for investors.
This evaluation is generated from DAM Capital Advisors's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is DAM Capital Advisors IPO GMP today?
DAM Capital Advisors IPO GMP today is +₹143.0 (50.53%), indicating an estimated listing price of ₹426. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of DAM Capital Advisors IPO?
The price band of DAM Capital Advisors IPO is ₹269.0–₹283.0 per share.
When does DAM Capital Advisors IPO open and close?
DAM Capital Advisors IPO opens on 19 December 2024 and closes on 23 December 2024.
When does DAM Capital Advisors IPO list on the stock exchange?
DAM Capital Advisors IPO listed on 27 December 2024 at ₹426.0.
What is the lot size for DAM Capital Advisors IPO?
The lot size for DAM Capital Advisors IPO is 53 shares, requiring a minimum investment of ₹14,999.
What is the price band for the IPO?
The price band for the IPO is ₹269 to ₹283.
What is the minimum investment amount?
The minimum investment amount is ₹14,999.
What is the lot size for the IPO?
The lot size for the IPO is 53 shares.
When does the IPO open and close?
The IPO opens on December 19, 2024, and closes on December 23, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Dec 2024
Close
23 Dec 2024
Allotment
24 Dec 2024
Listing
27 Dec 2024
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