National | December 16, 2024: 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”).

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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”. Offer and the Net Offer shall constitute [●]% and [●]%, respectively, of the post-offer paid-up Equity Share capital of our Company.

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

We are making the Offer 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. We are making the Offer through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations, wherein we shall make not more than 50% of the Net Offer available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”).

So We may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), in consultation with the BRLM, of which we shall reserve one-third for domestic Mutual Funds, subject to our receiving valid Bids from domestic Mutual Funds at or above the price at which we allocate Equity Shares to Anchor Investors.

In the event of under-subscription or non-allocation

In the Anchor Investor Portion, we shall add the balance Equity Shares to the QIB Category (excluding the Anchor Investor Portion) (the “Net QIB Category”). Further, we shall allocate 5% of the Net QIB Category on a proportionate basis to Mutual Funds only, and we shall allocate the remainder of the Net QIB Category on a proportionate basis to all QIBs, including Mutual Funds, subject to our receiving valid Bids 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. We may allocate the securities to Bidders in the other sub-category of the Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to our receiving valid Bids 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.

We shall allocate Equity Shares 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. Bidders shall block the Bid Amount through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID in the case of UPI Bidders (defined hereinafter)) in which we will block the Bid Amount. 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.

Disclaimer: DAM CAPITAL ADVISORS LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations. To make an initial public offering of its Equity Shares and has filed the RHP with RoC and the Stock Exchanges on December 14, 2024. 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.

Any potential investors should note that investment in equity shares involves a high degree of risk. For details relating to such risk, see ‘‘Risk Factors’’ beginning on page 28 of the RHP. Potential investors should not rely on the DRHP filed with SEBI and the Stock Exchanges. Should instead rely on the RHP and their own examination of our Company and the Offer. Including the risks involved, for making any investment decision.

 This announcement is not an offer of securities for sale in the United States or elsewhere. We have prepared this announcement for publication in India only and do not intend to publish or distribute it, directly or indirectly, in or into the United States. We have not registered and will not register the Equity Shares offered in the Offer under the U.S. Securities Act or any state securities laws in the United States. Unless we register them, we may not offer or sell them within the United States. Except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws.

Accordingly, the Equity Shares are being offered and sold only outside the United States in “offshore transactions”. As defined in, and in reliance on, Regulation S under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur. We will make any public offering of securities in the United States by means of a prospectus. Which investors may obtain from the issuer or the selling security holder. That will contain detailed information about the company and management, as well as financial statements.

We do not contemplate any public offering or sale of securities in the United States. We have not registered, listed, or otherwise qualified the Equity Shares in any jurisdiction outside India. Persons in any such jurisdiction may not issue or sell them, and may not make Bids. Except in compliance with the applicable laws of such jurisdiction.

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