DAM Capital IPO: Investment banker files DRHP with SEBI; RBL Bank, promoter and others divesting shares
DAM Capital IPO: According to the DRHP, there will be no fresh issue component in the IPO as it will only offer-for-sale (OFS) portion of up to 3.2 crore equity shares.
DAM Capital Advisors, an investment banker, has filed its draft red herring prospectus (DRHP) with market regulator SEBI on September 3, to raise funds through an initial public offering (IPO).
According to the DRHP, there will be no fresh issue component in the IPO as it will only offer-for-sale (OFS) portion of up to 3.2 crore equity shares.
Investors who will take an exit via IPO
Multiples Alternate Asset Management, Narotam Satyanarayan Sekhsaria, RBL Bank, Easyaccess Financial Services, and promoter Dharmesh Anil Mehta will be divesting their stake through OFS.
In the process, Multiples Alternate Asset Management will sell 88 lakh shares, Narotam Satyanarayan Sekhsaria will divest 70.68 lakh shares, RBL Bank will be offloading 68.31 lakh shares, and Easyaccess Financial Services will sell 51.23 lakh shares.
However, promoter Dharmesh Anil Mehta will be divesting 42.41 lakh shares through OFS.
The company will not receive any funds as this IPO is totally an OFS.
Nuvama Wealth Management is acting as the book-running lead manager to the IPO, while Link Intime India is the registrar.
The equity shares are proposed to be listed on both the BSE and NSE.
DAM Capital Advisors' business
DAM Capital Advisors is led by veteran dealmaker Dharmesh Mehta and is the fastest growing investment bank in India by revenue CAGR from fiscals 2022 to 2024 with the
highest profit margin in fiscal 2024, among the peers considered, according to the CRISIL report.
The company provides financial solutions in the areas of investment banking comprising equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory.
The investment banking company DAM Capital was originally started as SS Kantilal Ishwarlal (SSKI) in 1992 and became part of the IDFC Group in 2006.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO calculator: Know how on Rs 21,000 basic salary you can accumulate over Rs 2 crore corpus at retirement
70:15:15 Investment Strategy: Can you build over Rs 1.5 crore retirement corpus with just Rs 20,000 salary? Know how
NPS Vatsalya Calculator: How your Rs 1,000 monthly contribution can help your child get Rs 15.10 crore at retirement; see calculations
PM Kisan Yojana 2024: 18th installment to be transferred tomorrow, check if your name is on the list
05:39 PM IST