DAM Capital Advisors IPO - Issue Details, Financials, Strengths, Risks, Peer Comparison And More: DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Deven Choksey Research Report.DAM Capital Advisors Ltd. will launch its initial public offering on December 19 and the offer closes for subscription on Dec. 23. India's leading and rapidly growing merchant bank has fixed the price band in the range of Rs 269 to Rs 283 per share.The Rs 840.25 crore issue is an entirely offer-for-sale of 2.97 crore shares. Since the IPO is entirely an OFS, proceeds from the offer will go directly to the selling shareholders.The shares will be listed on the National Stock Exchange and the BSE on Dec. 27..Outlook and Valuation: DAM Capital Advisors is positioned as a leading player in India's merchant banking space with multiple strong growth triggers. DAM Capital stands out due to its well-diversified business model, encompassing equity capital markets, institutional equities, and advisory services. The company has demonstrated a consistent improvement in market share, growing from 8.2% in FY21 to 12.1% in FY24 in terms of IPO and QIP issuances. The company's robust financial performance, reflected in its high profitability margins and revenue growth, highlights its operational efficiency and market positioning.At the upper end of its IPO price band of Rs 283, the company commands a valuation of 28.4 times P/E, which is reasonable in light of its stellar growth metrics in revenue, Ebitda, and PAT, boasting the highest CAGR in its sector. By concentrating on high-margin merchant banking, the company distinguishes itself from competitors that predominantly engage in lower-margin businesses like retail broking, making it a compelling investment opportunity. DAM Capital's capacity to navigate changing market conditions, along with a robust pipeline of deals and a growing presence in the capital markets, positions it well to leverage the expanding opportunities within India's financial ecosystem. Given these factors, we assign a ‘Subscribe’ rating to the IPO..Click on the attachment to read the full IPO report:.DAM Capital Advisors IPO: Price Band, Financials, Key Dates, GMP And More — All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

DAM Capital Advisors IPO - Issue Details, Financials, Strengths, Risks, Peer Comparison And More: DRChoksey

The Rs 840.25 crore IPO will open for subscription on December 19 and the company has fixed the price band in the range of Rs 269 to Rs 283 per share.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

DAM Capital Advisors IPO - Issue Details, Financials, Strengths, Risks, Peer Comparison And More: DRChoksey

The Rs 840.25 crore IPO will open for subscription on December 19 and the company has fixed the price band in the range of Rs 269 to Rs 283 per share.

Choose a plan

Follow Us

DOWNLOAD THE APP