10 Apr 2026
Deal: Proposed initial public offering by DAM Capital Advisors (first IPO by a pure play investment bank in India)
06 Sep 2024
06 Sep 2024
Trilegal is advising DAM Capital Advisors Limited (“DAM Capital“) and the selling shareholders as their legal advisors to the proposed initial public offering of equity shares (“IPO“).
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. They are one of the leading investment banks in India with a market share of 12.1% based on the number of initial public offerings and qualified institutional placements undertaken by them as the book running lead manager in Fiscal 2024.
The IPO comprises an offer for sale of up to 32,064,010 equity shares by the Promoter Dharmesh Anil Mehta, along with the existing investors being Multiples Alternate Asset Management Private Limited, Narotam Satyanarayan Sekhsaria, RBL Bank Limited and Easyaccess Financial Services Limited.
This deal is the first initial public offering by a pure play investment bank in India. Trilegal acted as legal advisors to DAM Capital and the selling shareholders.
The Book Running Lead Manager is Nuvama Wealth Management Limited. The Company has filed its draft red herring prospectus with SEBI and the stock exchanges on 3 September 2024.
The Trilegal Capital Market team advising on the matter was led by our Partner Abhinav Maker and comprised Ajo Jomy, Senior Associate; Debarpita Pande, Ipsita Sahoo, and Hriti Parekh, Associates.
Media coverage:
About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.
For more information, please get in touch with
Anoop Siddak Singh Tuli
Mob: +91-9535377422 | BD@trilegal.com
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