DAM Capital is one of the fastest-growing investment banks in India, evidenced by its revenue CAGR from Fiscals 2022 to 2024 and the highest profit margin in Fiscal 2024 among its peers. The company holds a significant market share of 12.1% based on the number of initial public offerings (IPOs) and qualified institutional placements (QIPs) undertaken as a book-running lead manager in Fiscal 2024.
The company's journey began in 1993 as S.S. Kantilal Ishwarlal Sharebrokers and Investors. It was acquired by IDFC in 2006, becoming IDFC Securities. In 2019, IDFC Group divested its stake, which was then acquired by Dharmesh Anil Mehta and other investors. The name was officially changed to DAM Capital Advisors in July 2020.
DAM Capital Advisors Limited (DAMCL) specializes in providing strategic advisory and capital markets solutions to a diverse client base, including corporates, financial sponsors, institutional investors, and family offices. The company operates through two primary segments: Stock Broking Services and Investment Banking Services.
The services offered include:
* Investment Banking: Comprising equity capital markets (ECM), mergers and acquisitions (M&A), private equity, and structured finance advisory. This includes assisting clients with domestic and overseas fundraising such as IPOs, QIPs, Real Estate Investment Trusts (REITs), Offers for Sale (OFS), Rights Issues, and Preferential Issues. It also provides advisory for buybacks, de-listings, open offers, and schemes of arrangements.
* Institutional Equities: Encompassing broking and research services.
The company is registered with the Securities and Exchange Board of India (SEBI) as a Category I Merchant Banker. Its wholly-owned subsidiary, DAM Capital USA Inc., incorporated in New York, USA, is registered as a Broker-Dealer with the Securities and Exchange Commission (SEC) and is a member of FINRA and SIPC, extending its reach to international markets.
DAM Capital has a strong track record of successful transactions since its acquisition on November 7, 2019, till October 31, 2024:
* ECM Transactions: Successfully executed 72 ECM transactions, including 27 IPOs, 16 QIPs, 6 Offers for Sale, 6 Preferential Issues, 4 Rights Issues, 8 Buybacks, 4 Open Offers, and 1 initial public offer of units by a Real Estate Investment Trust.
* Advisory Transactions: Advised on 23 transactions, covering M&A advisory, private equity advisory, and structured finance advisory. The company has also executed block trades during this period.
DAM Capital Advisors successfully completed its Initial Public Offer (IPO) which was subscribed 82.08 times.
* Issue Period: Opened on December 19, 2024, and closed on December 23, 2024.
* Price Band: Fixed between ₹269 and ₹283 per share.
* Listing: The scrip was listed at ₹392.90, exhibiting a premium of 38.83% to the issue price.
* Net Profit: Rose 47.14% to ₹103.78 crore in the year ended March 2025, compared to ₹70.53 crore in FY24.
* Sales: Increased 37.94% to ₹248.35 crore in the year ended March 2025, from ₹180.04 crore in FY24.
Q4 FY25 Performance:
* Net Profit: Declined 74.26% to ₹8.50 crore, compared to ₹33.02 crore in Q4 FY24.
* Sales: Declined 56.54% to ₹36.61 crore, compared to ₹84.23 crore in Q4 FY24.
Q3 FY25 Performance:
* Profit Before Tax: Zoomed 146% to ₹69.30 crore, against ₹28.17 crore in Q3 FY24.
* Segmental Revenue:
* Stock Broking: ₹20.38 crore (up 71.54% YoY).
* Investment Banking: ₹80.35 crore (up 154.43% YoY).
* Market Capitalization: ₹1,968 Crore as of May 27, 2025.
* Promoter Holding: 40.00% as of March 2025 (consistent from December 2024).
* Debt Status: Almost debt-free.
* Profit Growth (5-year CAGR): 70.2%.
* Return on Equity (3-year ROE): 43.0%.
* Debtor Days: Improved significantly from 294 days to 36.2 days.
* Net Cash: ₹237.8 crore as of December 31, 2024.
* AGM (June 27, 2025): Financials adopted, and a dividend of ₹1 per share declared.
* Q4 FY25 Dividend: Declared a dividend of ₹1, translating to a dividend yield of 0.36%.
DAM Capital Advisors Limited stands as a prominent and rapidly growing investment banking firm in India. With a robust track record in equity capital markets and comprehensive advisory services, the company has solidified its position as a key player in the Indian financial services sector, effectively serving a diverse clientele across various industries through its expertise in investment banking and institutional equities.
