DAM Capital Advisors Limited announced its initial public offering (IPO) to open on Thursday, December 19, 2024 Sets Price Band fixed at ₹ 269/- per equity share to ₹ 283/- per equity share of the face value of ₹2 each

Mumbai, 16th December 2024 (GNI): Mr. Jateen Doshi (Executive Director, Dam Capital Advisors Limited); Mr. Kamraj Singh Negi (Managing Director – Ecm And M&A, Dam Capital Advisors Limited); Mr. Dharmesh Mehta (Managing Director and Chief Executive Officer, Dam Capital Advisors Limited);and Mr. Dhvanil Dharia  (Executive Director – Investment Banking, Dam Capital Advisors Limited) at the press conference in connection to their forthcoming Initial Public Offering (IPO) in Mumbai – photo by Sumant Gajinkar GNI

DAM Capital Advisors Limited announced its initial public offering (IPO) to open on Thursday, December 19, 2024

• Price Band fixed at ₹ 269/- per equity share to ₹ 283/- per equity share of the face value of ₹2 each (“Equity Shares”) of DAM Capital Advisors Limited (the “Company”)
• Anchor Investor Bidding Date – Wednesday, December 18, 2024
• Bid /Offer Opening Date – Thursday, December 19, 2024, and Bid/ Offer Closing Date – Monday, December 23, 2024
• Bids can be made for a minimum of 53 Equity Shares and in multiples of 53 Equity Shares thereafter
• RHP Link: https://www.damcapital.in/files/investorrelation/638698141609926454_DAM_Capital_Advisors_Limited_-_RHP.pdf

National | December 16, 2024 (GNI) : DAM Capital Advisors Limited (the “Company”), proposes to open its initial public offering (the “Offer”) on Thursday, December 19, 2024. Bid/ Offer Closing Date will be Monday, December 23, 2024. Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, Wednesday, December 18, 2024. 

The Price Band of the Offer has been fixed from ₹ 269/- per Equity Share to ₹ 283/- per Equity Share. Bids can be made for a minimum of 53 Equity Shares and in multiples of 53 Equity Shares thereafter.

The initial public offering of up to 29,690,900 Equity Shares of face value of ₹2 each (“equity shares”) of the Company. The Offer  comprises of an offer for sale of up to 8,714,400 Equity Shares of face value of ₹2 each aggregating up to ₹ [●] million by Multiples Alternate Asset Management Private Limited (“MAAMPL”), up to 7,042,400 Equity Shares of face value of ₹2 each aggregating up to ₹ [●] million by Narotam Satyanarayan Sekhsaria (“NSS”), up to 5,771,000 Equity Shares of face value of ₹2 each aggregating up to ₹[●] million by RBL Bank Limited (“RBL”), up to 5,064,250 Equity Shares of face value of ₹2 each  aggregating up to ₹[●] million by Easyaccess Financial Services Limited (“EFSL”, together with MAAMPL, NSS and RBL, the “Investor Selling Shareholders”) and up to 3,098,850 Equity Shares of face value of ₹2 each aggregating up to ₹[●] million by Dharmesh Anil Mehta (the “Promoter Selling Shareholder”, together with the Investor Selling Shareholders, the “Selling Shareholders” and such offer by the Selling Shareholders, the “Offer for Sale”).

The Offer includes a reservation of up to 70,000 Equity Shares of face value ₹2 each, aggregating up to ₹[●] million (constituting up to [●]% of the post-offer paid-up Equity Share capital, for subscription by eligible employees (“Employee Reservation Portion”). The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”. The Offer and the Net Offer shall constitute [●]% and [●]%, respectively, of the post-offer paid-up Equity Share capital of our Company.

The Equity Shares offered through the Red Herring Prospectus (“RHP”) are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the

“QIB Category”), provided that our Company in consultation with the BRLM, may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares are allocated to Anchor Investors. In the event of under-subscription or non-allocation

in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Category (excluding the Anchor Investor Portion) (the “Net QIB Category”). Further, 5% of the Net QIB Category shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Category shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the

Offer Price. Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Investors (“NIIs”) (“Non-Institutional Category”), in accordance with the SEBI ICDR Regulations, of which one-third of the Non-Institutional Category shall be available for allocation to Bidders with a Bid size of more than ₹200,000 and up to ₹1,000,000 and two-thirds of the Non-Institutional Category shall be available for allocation to Bidders with a Bid

size of more than ₹1,000,000 and under-subscription in either of these two sub-categories of the Non-Institutional Category may be allocated to Bidders in the other sub-category of the Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further, not less than 35% of the Net Offer shall be available for allocation to Retail Individual Investors (“RIIs”) (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID in case of UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see “Offer Procedure” beginning on page 341 of the RHP.

Nuvama Wealth Management Limited is the sole book running lead manager (“Book Running Lead Manager” or “BRLM”) to the Offer.

The RHP shall be available on the website of SEBI at www.sebi.gov.in, the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, the website of the Company at www.damcapital.in and on the website of the Book Running Lead Manager (“BRLM”), i.e. Nuvama Wealth Management Limited at www.nuvama.com.ends GNI