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The IPO will open for subscription on Thursday, November 19 and close for subscription on Monday, December 23.
The three-day offering will be a complete Offer For Sale (OFS) of 2.96 crore shares, implying a post-issue market capitalisation of ₹2,000 crore.
Multiples Alternate Asset Management, Narotam Satyanarayan Seksaria, RBL Bank, Easyaccess Financial Services Ltd. and the promoter Dharmesh Mehta will be the selling shareholders in the IPO.
Dharmesh Mehta, the promoter, will be selling 30.98 lakh shares in the IPO among the shares on offer. Promoter stake will fall to 45.88% post the IPO.
Since its inception in 2019, DAM Capital has executed 72 equity capital market transactions, comprising of 27 IPOs, one REIT, 16 Qualified Institutional Placements (QIPs), six Offer For Sale (OFS), six preferential issues, four rights issues, eight buybacks and four open offers. The company has also been an advisor on multiple M&A transactions.
DAM Capital recorded the highest revenue growth among its peers at 38.8% and profit growth of 79.4% between financial year 2022 – 2024.
The company derives 67% of its revenue from investment banking and 28.3% from broking. In the IPO / QIP market, the company had a 12.1% market share in financial year 2024.
