Dar Credit and Capital Limited, a non-banking financial corporation (NBFC) with its headquarters in Kolkata, will begin its Initial Public Offering (IPO) on 21st May 2025. By issuing 42.76 lakh new equity shares, Dar Credit and Capital IPO seeks to raise Rs 25.66 crore. A minimum investment of Rs 1,14,000 is required, and the price range is established between Rs 57 and Rs 60 per share, with a lot size of 2,000 shares. The shares are expected to be listed on the NSE SME platform on May 28, 2025, after the initial public offering (IPO) closes on May 23, 2025.
Dar Credit and Capital Company Overview
Dar Credit and Capital was established in 1994 with the goal of provide financial services to underprivileged borrowers in rural and semi-urban regions. With the goal of streamlining lending procedures and efficiently controlling risks, the company uses cutting-edge technology for digital loan origination, disbursement, and collection. Their goal of providing rapid and effective loan processing is supported by their use of data analytics and artificial intelligence (AI) in fraud detection and credit assessment.
Dar Credit and Capital IPO Details
Dar Credit and Capital IPO is a bookbuilding IPO of Rs 25.66 crores. The issue is a complete fresh issue of Rs 25.66 crores. GYR Capital Advisors Private Limited is the book running lead manger of the Dar Credit and Capital IPO, Kfin Technologies Limited is the Registrar for the issue. Market Maker for Dar Credit and Capital IPO is Smc Global Securities Ltd.
| Issue Type | Bookbuilding IPO |
| Face Value | Rs 10 per share |
| Issue Price | Rs 57 – 60 per share |
| Lot Size | 2000 shares per lot |
| Issue Size | Rs 25.66 crore |
| Fresh Issue | Rs 25.66 crore |
| Offer for Sale (OFS) | Rs 0 crore |
| Listing at | NSE SME |
| Market Capitalization | Rs 85.66 cr |
| Book Running Lead Managers | GYR Capital Advisors Private Limited |
| Registrar | Kfin Technologies Limited |
| Market Maker | Smc Global Securities Ltd |
Dar Credit and Capital IPO Timeline
Dar Credit and Capital IPO opened on 21st May 2025 and Closes on 23rd May 2025. Find Dar Credit and Capital IPO tentative dates below.
| IPO Open Date | 21-May-2025 (Wednesday) |
| IPO Close Date | 23-May-2025 (Friday) |
| Allotment | 26-May-2025 (Monday) |
| Initiation of Refunds | 27-May-2025 (Tuesday) |
| Demat Credit of Shares | 27-May-2025 (Tuesday) |
| Listing Date | 28-May-2025 (Wednesday) |
| Cut off time for UPI mandate confirmation | 23-May-2025 at 5PM |
Dar Credit and Capital IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2000 | Rs 1,20,000 |
| Retail (Maximum) | 1 | 2000 | Rs 1,20,000 |
| HNI (Minimum) | 2 | 4000 | Rs 2,40,000 |
Dar Credit and Capital IPO Objectives
The proceeds from the Dar Credit and Capital IPO will be utilised for following purposes:
| Purpose | Amount (in Rs) | Percentage |
|---|---|---|
| Strengthen the company’s financial base | 22.00 Crore | 85.74% |
| General Corporate Purpose | 3.66 Crore | 14.26% |
Dar Credit and Capital IPO Financial Performance
Find Dar Credit and Capital Limited IPO last 3 years financial details below.
| Financials | 31-Dec-24 (Crores) | 31-Mar-24 (Crores) | 31-Mar-23 (Crores) |
|---|---|---|---|
| REVENUE | 31.03 | 33.01 | 25.57 |
| ASSETS | 221.60 | 235.82 | 187.27 |
| NET WORTH | 69.67 | 65.25 | 61.78 |
| TOTAL DEBT | 145.89 | 165.58 | 120.45 |
| PAT | 4.92 | 3.97 | 2.93 |
Dar Credit and Capital IPO Strengths and Risks
Strengths:
- Niche focus: Strong presence in rural and semi-urban microfinance, serving traditionally excluded segments.
- Geographic diversification: Operations across six states.
- Consistent dividend payer over the last five years.
- Digital processes and efficient loan management systems.
- Stable credit rating for its NCDs
Risks:
- Small scale: Compared to larger NBFCs, the company’s size limits its competitive advantage.
- Asset quality sensitivity: Lending to low-income and informal segments carries higher credit risk.
- Regional concentration: Despite some diversification, a large portion of business is concentrated in eastern India.
- SME IPO: Lower liquidity and higher volatility compared to mainboard IPOs
Dar Credit and Capital IPO Grey Market Premium (GMP)
Grey Market Premium (GMP) for Dar Credit and Capital’s IPO is indicating a potential 20% listing gain as of May 21, 2025. This suggests that the company’s shares are trading at a premium of approximately Rs 12 over the upper end of the IPO price band of Rs 60, implying an estimated listing price of around Rs 72 per share.
Dar Credit and Capital IPO Review: Avoid
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.