DAM Capital Advisors files DRHP with SEBI
DAM Capital Advisors Limited has filed its Draft Red Herring Prospectus (“DRHP”) with capital market regulator Securities and Exchange Board of India (“SEBI”)
Mumbai, Sep 04: 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.