Comparison between Dar Credit IPO and NIS Management IPO.
Dar Credit IPO is a SME Bookbuilding IPO proposed to list at NSE SME while NIS Management IPO is a SME Bookbuilding proposed to list at BSE SME.
| Dar Credit IPO | NIS Management IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Share India Capital Services Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | SMC Global Securities Ltd. | Share India Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Dar Credit IPO is up to ₹24.36 Cr whereas the issue size of the NIS Management IPO is up to ₹56.34 Cr. The final issue price of Dar Credit IPO is ₹60.00 per share and of NIS Management IPO is ₹111.00 per share.
| Dar Credit IPO | NIS Management IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹57.00 per share | ₹105.00 per share |
| Issue Price (Upper) | ₹60.00 per share | ₹111.00 per share |
| Issue Price (Final) | ₹60.00 per share | ₹111.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1200 shares |
| Fresh Issue Size | 40,60,000 shares | 43,32,000 shares |
| Fresh Issue Size (Amount) | up to ₹24.36 Cr | up to ₹48.09 Cr |
| OFS Issue Size | 0 shares | 7,44,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹8.26 Cr |
| Issue Size Total | 40,60,000 shares | 50,76,000 shares |
| Issue Size Total (Amount) | up to ₹24.36 Cr | up to ₹56.34 Cr |
Dar Credit IPO opens on May 21, 2025, while NIS Management IPO opens on Aug 25, 2025. The closing date of Dar Credit IPO and NIS Management IPO is May 23, 2025, and Aug 28, 2025, respectively.
| Dar Credit IPO | NIS Management IPO | |
|---|---|---|
| Anchor Bid Date | May 20, 2025 | Aug 22, 2025 |
| Issue Open | May 21, 2025 | Aug 25, 2025 |
| Issue Close | May 23, 2025 | Aug 28, 2025 |
| Basis Of Allotment (Tentative) | May 26, 2025 | Aug 29, 2025 |
| Initiation of Refunds (Tentative) | May 27, 2025 | Sep 01, 2025 |
| Credit of Share (Tentative) | May 27, 2025 | Sep 01, 2025 |
| Listing date (Tentative) | May 28, 2025 | Sep 02, 2025 |
| Anchor Lockin End date 1 | Jun 25, 2025 | Sep 28, 2025 |
| Anchor Lockin End date 2 | Aug 24, 2025 | Nov 27, 2025 |
Dar Credit IPO P/E ratio is 15.12, as compared to NIS Management IPO P/E ratio of 9.13.
| Dar Credit IPO | NIS Management IPO | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Dar Credit and Capital Limited Financial Information (Restated Standalone)
| EBITDA | ||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 98.47 | 95.99 | ||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.63 | |||||||||||||||||||||||||||||||||
| P/E Ratio | 15.12 | 9.13 | ||||||||||||||||||||||||||||||||
| Market Cap | ₹85.66 Cr. | ₹219.78 Cr. | ||||||||||||||||||||||||||||||||
| ROE | 6.17% | 13.10% | ||||||||||||||||||||||||||||||||
| ROCE | 9.22% | 17.63% | ||||||||||||||||||||||||||||||||
| Debt/Equity | 2.51 | 0.55 | ||||||||||||||||||||||||||||||||
| EPS | ₹3.97 | ₹12.15 | ||||||||||||||||||||||||||||||||
| RoNW | 6.08% | 13.10% | ||||||||||||||||||||||||||||||||
In the Dar Credit IPO Retail Individual Investors (RII) are offered 14,22,000 shares while in NIS Management IPO retail investors are offered 14,22,000 shares. Qualified Institutional Buyers (QIB) are offered 8,12,000 shares in Dar Credit IPO and 10,08,000 shares in NIS Management IPO.
| Dar Credit IPO | NIS Management IPO | |
|---|---|---|
| Anchor Investor Reserveration | 12,16,000 shares | 15,06,000 shares |
| Market Maker Reserveration | 2,16,000 shares | 3,30,000 shares |
| QIB | 8,12,000 shares | 10,08,000 shares |
| NII | 6,10,000 shares | 7,74,000 shares |
| RII | 14,22,000 shares | 17,88,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 40,60,000 shares | 50,76,000 shares |
Dar Credit IPO subscribed 106.09x in total, whereas NIS Management IPO subscribed 3.13x.
| Dar Credit IPO | NIS Management IPO | |
|---|---|---|
| QIB (times) | 31.29x | 2.12x |
| NII (times) | 208.45x | 9.15x |
| Big NII (times) | 12.89x | |
| Small NII (times) | 1.67x | |
| RII (times) | 104.88x | 1.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 106.09x | 3.13x |
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