DAM Capital Advisors Limited has proposed an initial public offering which comprises an offer for sale of up to 32,064,010 equity shares by certain existing shareholders.

Trilegal advised DAM Capital and the selling shareholders on this IPO.

The transaction team consisted of Abhinav Maker (Partner), Ajo Jomy (Senior Associate), Debarpita Pande, Ipsita Sahoo, and Hriti Parekh (Associates).

Chandhiok & Mahajan acted as the counsel to the Nuvama Wealth Management Limited, the bankers for this transaction.

The transaction team consisted of Niruphama Ramakrishnan (Partner & Head of Capital Markets), Pranav Gupta (Senior Associate), Shashwat Bhutani, Keshav Srivastava and Rishika Sharma (Associates).

This deal is the first initial public offering by a pure play investment bank in India. The draft red herring prospectus was filed with SEBI and the stock exchanges on 3 September 2024.

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