DRHP Link: https://www.bseindia.com/corporates/download/304663/DAMCAPITALDRHP_20240903202030.pdf
DAM Capital Advisors Limited has filed its Draft Red Herring Prospectus (“DRHP”) with capital market regulator Securities and Exchange Board of India (“SEBI”). DAM Capital is the fastest growing investment bank in India by revenue CAGR from Fiscals 2022 to 2024 with the highest profit margin in Fiscal 2024, among its peers. It also was one of the leading investment banks in India with a market share of 12.1% based on the number of IPOs and QIPs in Fiscal 2024. DAM Capital provides a wide range of financial solutions in 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’s initial public offering comprises an offer for sale of up to 32.06 million shares by the investor selling shareholders – Multiples Alternate Asset Management, RBL Bank, Easyaccess Financial Services and Narotam Sekhsaria. Promoter Dharmesh Anil Mehta, is also selling a small part of his stake.
Nuvama Wealth Management Limited is the Book Running Lead Manager to the IPO.
About the company:
DAM Capital is the fastest growing investment bank in India by revenue CAGR from Fiscals 2022 to 2024 with the highest profit margin in Fiscal 2024, among its peers. It also was one of the leading investment banks in India with a market share of 12.1% based on the number of IPOs and QIPs in Fiscal 2024. DAM Capital provides a wide range of financial solutions in 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 commenced its operations in the securities market in 1993 as S.S. Kantilal Ishwarlal Sharebrokers and Investors Private Limited. In 1994, the Company rebranded and operated under the name S.S. Kantilal Ishwarlal Securities Private Limited (“SSKIPL”). In 2006, Infrastructure Development Finance Company (“IDFC”) commenced the acquisition of SSKIPL which culminated in 2008. In 2019, IDFC group divested its entire stake, which was acquired by Dharmesh Anil Mehta and other investors. Subsequently, in July 2020, the Company’s name was changed to DAM Capital Advisors Limited.
Under the leadership of Dharmesh Anil Mehta, a veteran investment banker with over 25 years of work experience, DAM Capital has achieved rapid growth with the total income being ₹1,820.00 million, ₹850.41 million and ₹945.08 million for Fiscals 2024, 2023 and 2022, respectively, representing 38.77% CAGR over the same period. The Company achieved profit after tax of ₹705.23 million, ₹86.74 million and ₹218.98 million for Fiscals 2024, 2023 and 2022, respectively, representing a 79.46% CAGR over the same period.
As of July 31, 2024, DAM Capital has a team of 115 employees across businesses comprising seasoned personnel with experience in executing transactions across product lines and sectors.