About DAM Capital Advisors Limited

DAM Capital Advisors Limited is among India’s leading investment banks, offering a comprehensive suite of financial solutions across investment banking and institutional equities. Incorporated on May 7, 1993, the company provides share and stock broking services in both cash and derivatives, and is a member of the National Stock Exchange of India Limited and BSE Limited. It is registered with SEBI as a Category I Merchant Banker, offering advisory services, IPO underwriting, Qualified Institutional Placement (QIP), fund raising and structured finance. The firm also provides equity research and broking services to FIIs and DIIs.

Its services span:

Investment banking: end-to-end advisory and capital markets solutions across ECM, M&A, private equity advisory and structured finance advisory.

Institutional equities: institutional broking and equity research for a global client base.

DAM Capital serves clients across India, the USA, the United Kingdom, Singapore, Hong Kong, the Middle East and Europe. The Group comprises 2 subsidiaries. One subsidiary in India (incorporated on July 8, 2024) is proposed to engage in asset management and investment advisory subject to regulatory approval, while a US-based subsidiary is a broker-dealer registered with the SEC and a member of FINRA.

Key milestones of DAM Capital Advisors Limited

Key milestones include the company’s initial public offer through an offer for sale of 29,690,900 equity shares (face value Rs 2) at an issue price of Rs 283 per share, with shares listed on BSE and NSE on December 27, 2024. The IPO was oversubscribed 82 times, garnering demand of more than Rs 48,000 crore. Since its acquisition in November 2019, the firm has executed 78 ECM transactions and advised on 25 strategic deals; its institutional equities platform comprises research, sales, sales trading and broking, with 66 professionals serving 277 institutional clients globally, and in-depth coverage across 23 sectors and 197 companies.

DAM Capital Advisors Limited Key Management

• Vishwanathan Mavila Nair, Chairman
• Dharmesh Anil Mehta, Managing Director & CEO
• Jateen Doshi, Whole Time Director
• Hitesh Desai, Chief Financial Officer
• Sonal Katariya, Company Secretary & Compliance Officer (w.e.f. March 17, 2025)

Latest Updates on DAM Capital Advisors Limited

• Market listing: The company completed its IPO and listed on BSE and NSE on December 27, 2024; the issue (OFS of 29,690,900 shares at Rs 283 per share) was oversubscribed 82 times with demand exceeding Rs 48,000 crore, attracting marquee domestic and global investors as well as strong retail participation.
• Subsidiary developments: A wholly owned subsidiary was incorporated in India on July 8, 2024 for proposed asset management and investment advisory, subject to regulatory approval; the Group also includes a US-based wholly owned subsidiary that operates as an SEC-registered, FINRA-member broker-dealer.
• Board and governance: Appointments of Independent Directors—Vishwanathan Mavila Nair and Balram Singh Yadav (from August 19, 2024), and Natarajan Srinivasan (from August 19, 2024). Re-designation of Nithya Easwaran as Non-Executive Director (from August 19, 2024) and as Independent Director w.e.f. April 1, 2025. Appointment of Sonal Katariya as Company Secretary & Compliance Officer w.e.f. March 17, 2025.
• Statutory auditor proposal: The Board has proposed the re-appointment of M/s. KKC & Associates LLP as Statutory Auditors for a second five-year term, from the conclusion of the 32nd AGM to the 37th AGM, subject to members’ approval.
• Performance highlights: In FY 2024-25, total income grew 37.5% year-on-year, while PAT grew 47.1%; the company reported an RoE of 48.7% and a PAT margin of 41.5% for the year.