DAM Capital Advisors Limited

Initial Public Offering

Service

December 2024

Date

Banking, Financial Service and Insurance

Sector

INR 12,002* MN

Deal Value

 DAM Capital Advisors Limited

Nuvama Contribution

  • Adding to our strong track record of bringing several 1st business stories to the Indian capital markets – Nuvama successfully leads the 1st IPO of Capital Markets Business$ in India
  • As a Sole Banker to the IPO, led the demand mobilization and also hand-held the Company in end-to-end execution, swift regulatory approvals, and launched the deal in a Record Time of ~5 Months
  • Nuvama garnered participation from a diverse investor set including ‘Long Only’ FIIs, Mutual Fund, DIIs, Insurance Companies and family offices
  • Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 49 lakh+ applications@

Deal Details

  • DAM Capital successfully completed a Pre-IPO placement to marquee Long Only Investors at the IPO Price
  • Deal saw strong participation across investor categories garnering more than INR 48,000 crs@. Amongst the 8 IPOs launched around the same issue period DAM Capital IPO mobilized the highest subscription amount
    • QIB – ~165x#, HNI – ~98x#, Retail – ~27x#
  • Company saw stellar IPO Listing with equity shares opening at 38%^ premium showcasing investor confidence in Company’s business and management team

*Including Secondary Pre-IPO of INR 3,600 MN; ^NSE Prices are considered on listing day;#After technical Rejections
@Before technical Rejections; $Capital Markets Business includes Investment Banking and Institutional Equities