Dharmesh Mehta-led DAM Capital Advisors’ IPO is set to open on December 19. The company has filed a red herring prospectus with the Registrar of Companies, and the price band details will be revealed on December 16. Bidding for anchor investors will open on December 18, while the IPO will close on December 23.
This IPO will have an offer for sale (OFS) of 2.96 crore equity shares, that is, no new shares will be issued. Promoter Dharmesh Anil Mehta and 4 major investors – Multiples Alternate Asset Management, Narottam Satyanarayan Sekhsaria, RBL Bank, and EasyAccess Financial Services – will sell their shares. Dharmesh and his wife hold 45.88% stake in DAM Capital Advisors, while the rest of the shares are held by these investors.
In this IPO, 50% share is reserved for Qualified Institutional Buyers (QIBs), 35% for non-institutional investors and 15% for retail investors.
Financial Position of DAM Capital Advisors
The company earned a net profit of Rs 70.5 crore in the financial year 2023-24, which is 8 times more than last year. Its revenue has also increased by 112% and has increased to Rs 180 crore. In the first half (April-September) of the current financial year 2025, the company has recorded a revenue of Rs 107.8 crore and a net profit of Rs 43.8 crore.
Book Running Lead Manager and Registrar for IPO
The book running lead manager for the IPO of DAM Capital Advisors is Nuvama Wealth Management, while Link Intime India is the registrar to the offer.
| Category | Details |
|---|---|
| Company Name | DAM Capital Advisors |
| IPO Opening Date | 19th December 2024 |
| IPO Closing Date | 23rd December 2024 |
| Price Band Announcement | 16th December 2024 |
| Anchor Investor Bidding Date | 18th December 2024 |
| Offer Type | Offer for Sale (OFS) of 2.96 Crore equity shares (No new shares issued) |
| Key Investors Selling Shares | – Dharmaesh Anil Mehta (Promoter) – Multiples Alternate Asset Management – Narottam S. Sekhsaria – RBL Bank – EzyAccess Financial Services |
| Shareholding Structure | – Dharmaesh Mehta and Family: 45.88% – Other Investors: 54.12% |
| IPO Allocation | – 50% for Qualified Institutional Buyers (QIBs) – 35% for Non-Institutional Investors (NIIs) – 15% for Retail Investors |
| Lead Manager | Nuvama Wealth Management (Book Running Lead Manager) |
| Registrar | Link Intime India |
| Competitors | ICICI Securities, IIFL Capital Services, JM Financial, Motilal Oswal Financial Services |
| Financial Performance (FY 2023-24) | – Profit: ₹70.5 Crore (8x growth) – Revenue: ₹180 Crore (112% growth) |
| Financial Performance (FY 2025 H1) | – Revenue: ₹107.8 Crore – Profit: ₹43.8 Crore |
List of Competitors
The major competitors of DAM Capital Advisors include big names like ICICI Securities, IIFL Capital Services, JM Financial and Motilal Oswal Financial Services.
Keep this in mind before investing
This information is being given for informational purposes only. Understand the market risks and seek expert advice before investing. Moneycontrol does not directly recommend any investment.
