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Dar Credit and Capital Limited IPO
Dar Credit and Capital Limited, a non-banking financial company (NBFC) with over three decades of experience, is set to make its stock market debut through an SME IPO. The public issue opened for subscription on May 21, 2025, and closes on May 23, 2025, drawing strong interest from investors and the financial sector. The company seeks to raise ₹25.66 crore through a fresh issue of 4.27 million equity shares, with no offer for sale component.
Company Overview and Core Business
Founded in 1994 and with RBI NBFC registration acquired in 2007, Dar Credit and Capital Limited’s focus lies on providing underserved and low-income groups with both secured and unsecured loan facilities. Its key business activities comprise:
- Providing a wide range of MSME and retail borrower financial solutions.
- Using technology for scalable loan processing and disbursement.
- Having an extensive branch network enables maintaining strong positions in the regional markets.
The financial performance of the company is commendable as revenue increased from ₹2,556.97 lakhs and reached ₹3,301.38 lakhs as of March 2024, signifying continuous growth for the company. Furthermore, during the same timeframe, the diluted EPS improved from 2.93 to 3.97, while profit after tax (PAT) rose from ₹293.00 lakhs to ₹396.83 lakhs. The return on net worth (RoNW) also indicates improved operational efficiency and profitability, as it increased from 4.74% to 6.08%.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Dar Credit and Capital Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Dar Credit and Capital Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 21, 2025 to May 23, 2025 |
| Listing Date | |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 42,76,000 shares (aggregating up to ₹25.66 Cr) |
| Fresh Issue | 42,76,000 shares (aggregating up to ₹25.66 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,42,76,000 shares |
| Market Maker Portion | 2,16,000 shares |
Dar Credit and Capital Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, May 21, 2025 |
| IPO Close Date | Fri, May 23, 2025 |
| Tentative Allotment | Mon, May 26, 2025 |
| Initiation of Refunds | Tue, May 27, 2025 |
| Credit of Shares to Demat | Tue, May 27, 2025 |
| Tentative Listing Date | Wed, May 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 23, 2025 |
Dar Credit and Capital Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4000 | ₹2,40,000 |
Dar Credit and Capital Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 98.47% | - |
Competitive Strength:
- Quick and Flexible loan processing
- Individual Loan Disbursal with Open Terms
- Low Interest Rates Combined with Easy Installment Choices
Dar Credit and Capital Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 221.6 | 31.03 | 4.92 | 69.67 | - | 145.89 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 235.82 | 33.01 | 4 | 65.25 | - | 165.58 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 187.27 | 25.57 | 2.93 | 61.78 | - | 120.45 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 6.17% |
| ROCE | 9.22% |
| Debt/Equity | 2.51 |
| RoNW | 6.08% |
| PAT Margin | 12.38 |
| Price to Book Value | 0.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.97 | 4.59 |
| P/E (x) | 15.12 | 13.06 |
IPO Objectives
As per the Draft Red Herring Prospectus (DRHP), the main objectives for the Dar Credit and Capital IPO are:
- To augment the company’s capital base to support future business growth and lending operations.
- To meet general corporate purposes, which may include funding working capital requirements, operational expenses, and other business needs as specified in the DRHP.
- To cover expenses related to the IPO process itself, such as issue-related costs and fees
Conclusion
The initial public offering (IPO) of Dar Credit and Capital Limited allows investors to invest in a developing NBFC that targets underserved markets and has solid management and steady financial performance. The money raised will help the capital base grow and support business expansion. The company's technology-driven procedures and localised strategy put it in a strong position for future expansion. Despite the risks, investors might find this IPO appealing because of the robust market reaction.
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Frequently Asked Questions (FAQs)
-
What is the issue size and price band of the Dar Credit and Capital IPO?
The IPO aims to raise ₹25.66 crore through a fresh issue of 42.76 lakh shares, with a price band fixed between ₹57 and ₹60 per share.
-
When does the Dar Credit and Capital IPO open and close for subscription?
The IPO subscription window opens on May 21, 2025, and closes on May 23, 2025.
-
What is the minimum lot size and investment required for retail investors?
The minimum lot size is 2,000 shares, requiring an investment of approximately ₹1,14,000 at the lower price band. Bidding at the cutoff price of ₹60 raises the investment to around ₹1,20,000.
-
Where will the shares be listed and when?
The shares are expected to be listed on the NSE SME platform on May 28, 2025.
-
Who is managing the IPO, and who is the registrar?
GYR Capital Advisors Private Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar responsible for allotment and investor services.
