DAMCL is in the business of providing strategic advisory and capital markets solutions to corporates, financial sponsors, institutional investors and family offices. Nuvama Wealth Management Ltd has successfully closed a transaction of INR 12,000 mn (EUR 136 mn) as the BRLM to DAM Capital on IPO issue. It was the first-ever IPO of a Capital Markets Business in India. Nuvama played a central role in the IPO by bringing key cornerstone investors completely driving the momentum of the issue. Nuvama achieved a 44% share in Anchor Segment in terms of amount and procured the largest FII bid and 2 out of 3 largest bids in the Anchor Segment. Nuvama mobilized strong demand from marquee Long-Only FIIs, mutual funds, DIIs, insurance companies, and family offices. The issue was a stellar IPO Listing with equity shares opening at 38% premium.
Advised in the sale of
Dam Capital Advisors Limited (DAMCL)
to