Comparison between Dar Credit IPO and Victory Electric Vehicles IPO.
Dar Credit IPO is a SME Fixed Price IPO proposed to list at NSE SME while Victory Electric Vehicles IPO is a SME Fixed Price proposed to list at NSE SME.
| Dar Credit IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | SMC Global Securities Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| 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 Victory Electric Vehicles IPO is up to ₹40.66 Cr. The final issue price of Dar Credit IPO is ₹60.00 per share and of Victory Electric Vehicles IPO is ₹72.00 per share.
| Dar Credit IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹57.00 per share | |
| Issue Price (Upper) | ₹60.00 per share | |
| Issue Price (Final) | ₹60.00 per share | ₹72.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 40,60,000 shares | 56,47,000 shares |
| Fresh Issue Size (Amount) | up to ₹24.36 Cr | up to ₹40.66 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 40,60,000 shares | 56,47,000 shares |
| Issue Size Total (Amount) | up to ₹24.36 Cr | up to ₹40.66 Cr |
Dar Credit IPO opens on May 21, 2025, while Victory Electric Vehicles IPO opens on . The closing date of Dar Credit IPO and Victory Electric Vehicles IPO is May 23, 2025, and , respectively.
| Dar Credit IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Anchor Bid Date | May 20, 2025 | |
| Issue Open | May 21, 2025 | |
| Issue Close | May 23, 2025 | |
| Basis Of Allotment (Tentative) | May 26, 2025 | |
| Initiation of Refunds (Tentative) | May 27, 2025 | |
| Credit of Share (Tentative) | May 27, 2025 | |
| Listing date (Tentative) | May 28, 2025 | |
| Anchor Lockin End date 1 | Jun 25, 2025 | |
| Anchor Lockin End date 2 | Aug 24, 2025 |
Dar Credit IPO P/E ratio is 15.12, as compared to Victory Electric Vehicles IPO P/E ratio of 23.05.
| Dar Credit IPO | Victory Electric Vehicles IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Dar Credit and Capital Limited Financial Information (Restated Standalone)
| Victory Electric Vehicles International Limited Financial Information (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 98.47 | 97.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.12 | 23.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹85.66 Cr. | ₹153.41 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 6.17% | 70.19% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 9.22% | 44.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.51 | 0.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.97 | ₹3.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 6.08% | 70.19% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Dar Credit IPO Retail Individual Investors (RII) are offered 14,22,000 shares while in Victory Electric Vehicles IPO retail investors are offered 14,22,000 shares. Qualified Institutional Buyers (QIB) are offered 8,12,000 shares in Dar Credit IPO and in Victory Electric Vehicles IPO.
| Dar Credit IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Anchor Investor Reserveration | 12,16,000 shares | |
| Market Maker Reserveration | 2,16,000 shares | 2,83,800 shares |
| QIB | 8,12,000 shares | |
| NII | 6,10,000 shares | |
| RII | 14,22,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 40,60,000 shares |
Dar Credit IPO subscribed 106.09x in total, whereas Victory Electric Vehicles IPO subscribed .
| Dar Credit IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| QIB (times) | 31.29x | |
| NII (times) | 208.45x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 104.88x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 106.09x |
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