DAM Capital Advisors Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The firm, known for its rapid growth and high profit margins, is one of India’s top investment banks, holding a 12.1% market share in IPOs and QIPs for Fiscal 2024.
The IPO will feature an offer for sale of up to 32.06 million shares by investor shareholders, including Multiples Alternate Asset Management, RBL Bank, Easyaccess Financial Services, Narotam Sekhsaria, and a partial stake from promoter Dharmesh Anil Mehta.
Nuvama Wealth Management Limited is serving as the Book Running Lead Manager for the offering.
