Overview
DAM Capital 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. We are one of the leading investment banks in India based on the number of initial public offerings and qualified institutional placements undertaken by us as the book running lead manager in Fiscal 2024.
We provide a wide range of financial solutions in areas of investment banking comprising of equity capital markets (“ECM”), mergers and acquisitions (“M&A”), private equity (“PE”), and structured finance advisory.
From the date of the Acquisition i.e., November 7, 2019 till October 31, 2024, we have successfully executed 72 ECM transactions comprising 27 initial public offerings (“IPOs”), 16 qualified institutions placements (“QIPs”), 6 offer for sale (“OFS”), 6 preferential issues, 4 rights issues (“Rights Issues”), 8 buybacks (“Buybacks”), 4 open offers (“Open Offers”) and 1 initial public offer of units by a real estate investment trust (“REIT”). We have also advised on 23 advisory transactions including M&A advisory, private equity advisory and structured finance advisory and have also executed block trades since the Acquisition i.e. from November 7, 2019 till October 31, 2024.
In Fiscal 2024, we were book running lead managers to 17 IPOs and QIPs, which represented 12.1% market share in the IPO and QIP transactions in India. Since the Acquisition, we have consistently improved our market share from 8.2% in Fiscal 2021 to 12.1% in Fiscal 2024 in terms of the number of IPOs and QIPs undertaken as book running lead manager.
We have 40 employees in our merchant banking team, with 9 employees having over 18 years of work experience. Our understanding and expertise across sectors and products enable us to identify niche sub-sectors and product opportunities early.
Early market insights enable us to pitch appropriate products to our clients. Further, our deep sector understanding allows us to identify unique stories which we are able to bring to the market. We have consummated transactions across sectors including pharmaceuticals, infrastructure, manufacturing, retail, technology, financial services and healthcare.
We have executed 5 QIPs as a sole lead manager, demonstrating our ability to lead transactions. Further, depending on market conditions, we also focus on specialized products such as buybacks, delisting and open offers, enabling us to adapt with the evolving needs of the corporates, promoters or investors.
Number of equity offerings and corresponding amounts raised in transactions where we acted as a book running lead manager for the periods indicated:
| Particulars (*In INR Cr) |
From April 1, 2024 to October 31, 2024 |
From April 1, 2024 to September 30, 2024 |
Fiscal 2024 |
Fiscal 2023 |
Fiscal 2022 |
| Number of transactions |
Aggregate amount raised (₹ in millions) |
Number of transactions |
Aggregate amount raised (₹ in millions) |
Number of transactions |
Aggregate amount raised (₹ in millions) |
Number of transactions |
Aggregate amount raised (₹ in millions) |
Number of transactions |
Aggregate amount raised (₹ in millions) |
| IPO's |
3 |
69,151 |
2 |
14,851.00 |
9 |
87,066.80 |
4 |
32,735.50 |
8 |
136,678.70 |
| QIP's |
3 |
38,777.30 |
3 |
38,777.30 |
8 |
100,593.60 |
1 |
4,750.00 |
- |
- |
| OFS |
1 |
20,109.40 |
- |
- |
1 |
21,158.60 |
2 |
2,977.80 |
- |
- |
| Rights Issue |
1 |
1,992.90 |
- |
- |
- |
- |
1 |
3,435.60 |
1 |
4,000.00 |
| Buyback |
1 |
2,784.30 |
1 |
2,784.30 |
2 |
2,850.00 |
4 |
5,785.50 |
1 |
2,000.00 |
| Open Offer |
- |
- |
- |
- |
1 |
13,430.50 |
1 |
385.60 |
2 |
620.80 |
| Preferential Issue |
- |
- |
- |
- |
1 |
2,000.00 |
1 |
570.00 |
1 |
2,980.00 |