Mumbai: The initial public offering (IPO) of Dar Credit & Capital closed today, May 23, 2025. Investors showed great interest, with the IPO subscribed more than 17 times by 5 PM on the last day of bidding. The public issue began on May 21, 2025, and received strong support from both retail and high-net-worth investors.
Grey Market Premium (GMP) Indicates High Demand
Unlisted shares of Dar Credit and Capital are trading at Rs 76 in the grey market. This is Rs 16 more than the issue price of Rs 60, showing a premium of about 26.7 per cent. The high GMP reflects investors’ positive sentiment about the company’s future prospects.
IPO Details and Pricing
Dar Credit and Capital plans to raise Rs 25.66 crore through this SME IPO. The company is issuing 4.27 million fresh equity shares and has not included any offer for sale (OFS). The price band for the shares was set between Rs 57 and Rs 60 per share. Retail investors need to invest at least Rs 1,14,000 to buy one lot of 2,000 shares. High-net-worth individuals can buy a minimum of two lots, costing Rs 2,40,000.
Allotment and Listing Information
The final allotment of shares is expected to be announced on Monday, May 26, 2025. The shares will be listed on the NSE SME platform, likely on Wednesday, May 28, 2025. Kfin Technologies is handling the registrar duties, while GYR Capital Advisors is the lead manager for this IPO.
About Dar Credit and Capital
Dar Credit and Capital, founded in August 1994, is a non-banking finance company (NBFC). It offers loans mainly to low-income individuals in group D jobs like cleaners, sweepers, and peons, as well as small shopkeepers and vendors. The company also supports women entrepreneurs. Headquartered in Kolkata, Dar Credit has regional and branch offices in West Bengal, Rajasthan, Bihar, and Jharkhand.
Purpose of Funds
The company plans to use the money raised to strengthen its capital base and meet general business needs.
