DAM Capital fixes IPO price band between ₹269 and ₹283 per share; Check dates, GMP here – CNBC TV18

DAM Capital Ltd. has fixed the price band for its ₹840 crore Initial Public Offer (IPO) between ₹269 and ₹283 per share.

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 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 the financial years 2022 and 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 the financial year 2024.