Comparison between Dar Credit IPO and Essex Marine IPO.
Dar Credit IPO is a SME Fixed Price IPO proposed to list at NSE SME while Essex Marine IPO is a SME Fixed Price proposed to list at BSE SME.
| Dar Credit IPO | Essex Marine IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Khandwala Securities Ltd. |
| Registrar | Kfin Technologies Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | SMC Global Securities Ltd. | Gretex Share Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| 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 Essex Marine IPO is up to ₹21.86 Cr. The final issue price of Dar Credit IPO is ₹60.00 per share and of Essex Marine IPO is ₹54.00 per share.
| Dar Credit IPO | Essex Marine IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹57.00 per share | |
| Issue Price (Upper) | ₹60.00 per share | |
| Issue Price (Final) | ₹60.00 per share | ₹54.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 40,60,000 shares | 40,48,000 shares |
| Fresh Issue Size (Amount) | up to ₹24.36 Cr | up to ₹21.86 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 | 40,48,000 shares |
| Issue Size Total (Amount) | up to ₹24.36 Cr | up to ₹21.86 Cr |
Dar Credit IPO opens on May 21, 2025, while Essex Marine IPO opens on Aug 04, 2025. The closing date of Dar Credit IPO and Essex Marine IPO is May 23, 2025, and Aug 06, 2025, respectively.
| Dar Credit IPO | Essex Marine IPO | |
|---|---|---|
| Anchor Bid Date | May 20, 2025 | |
| Issue Open | May 21, 2025 | Aug 04, 2025 |
| Issue Close | May 23, 2025 | Aug 06, 2025 |
| Basis Of Allotment (Tentative) | May 26, 2025 | Aug 07, 2025 |
| Initiation of Refunds (Tentative) | May 27, 2025 | Aug 08, 2025 |
| Credit of Share (Tentative) | May 27, 2025 | Aug 08, 2025 |
| Listing date (Tentative) | May 28, 2025 | Aug 11, 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 Essex Marine IPO P/E ratio of 12.73.
| Dar Credit IPO | Essex Marine IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)Essex Marine Ltd.'s revenue increased by 89% and profit after tax (PAT) rose by 156% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 98.47 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.98 | 72.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.12 | 12.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹85.66 Cr. | ₹82.41 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 6.17 | 30.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 9.22 | 18.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.51 | 2.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.97 | ₹4.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 6.08 | 26.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Dar Credit IPO Retail Individual Investors (RII) are offered 14,22,000 shares while in Essex Marine IPO retail investors are offered 14,22,000 shares. Qualified Institutional Buyers (QIB) are offered 8,12,000 shares in Dar Credit IPO and 0 shares in Essex Marine IPO.
| Dar Credit IPO | Essex Marine IPO | |
|---|---|---|
| Anchor Investor Reservation | 12,16,000 shares | |
| Market Maker Reservation | 2,16,000 shares | 2,14,000 shares |
| QIB | 8,12,000 shares | 0 shares |
| NII | 6,10,000 shares | 20,24,000 shares |
| RII | 14,22,000 shares | 20,24,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 40,60,000 shares | 40,48,000 shares |
Dar Credit IPO subscribed 106.09x in total, whereas Essex Marine IPO subscribed 2.91x.
| Dar Credit IPO | Essex Marine IPO | |
|---|---|---|
| QIB (times) | 31.29x | |
| NII (times) | 208.45x | 0.87x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 104.88x | 4.95x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 106.09x | 2.91x |
