Bookbuilding IPO | ₹26 Cr | Listed at NSE SME | Wed, May 21, 2025 - Fri, May 23, 2025
Dar Credit IPO is a book build issue of ₹25.66 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹25.66 crore.
Dar Credit IPO bidding started from May 21, 2025 and ended on May 23, 2025. The allotment for Dar Credit IPO was finalized on May 26, 2025. The shares got listed on NSE SME on May 28, 2025.
Dar Credit IPO price band is set at ₹60 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is SMC Global Securities Ltd..
Refer to Dar Credit IPO RHP for detailed Information.
IPO Open
Wed, May 21, 2025
IPO Close
Fri, May 23, 2025
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹85.66 Cr
| IPO Date | 21 to 23 May, 2025 |
| Listed on | Wed, May 28, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹60 |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,76,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 2,16,000 shares SMC Global Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 40,60,000 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 40,60,000 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,42,76,000 shares |
| NSE Symbol | DCCL |
| ISIN | INE04Q901010 |
Dar Credit IPO comprises a total issue size of 42,76,000 shares. The net offer to the public is 40,60,000 shares, after excluding 2,16,000 shares allotted on a firm basis. Of the Net offer 20,28,000 (49.95%) are allocated to QIB, 6,10,000 (15.02%) allocated to NII 14,22,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,28,000 | 49.95% | 47.43% |
| − Anchor Investor Shares Offered | 12,16,000 | 28.44% | |
| − QIB (Ex. Anchor) Shares Offered | 8,12,000 | 18.99% | |
| NII (HNI) Shares Offered | 6,10,000 | 15.02% | 14.27% |
| Retail Shares Offered | 14,22,000 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,16,000 | 5.05% | |
| Total Shares Offered | 42,76,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Dar Credit IPO raises ₹7.30 crore from anchor investors. Dar Credit IPO Anchor bid date is May 20, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 20, 2025 |
| Shares Offered | 12,16,000 |
| Anchor Portion (₹ Cr.) | 7.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jun 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Aug 24, 2025 |
Incorporated in 1994, Dar Credit and Capital Limited is a Non-Banking Finance Company (NBFC) offering three primary types of financial products: (i) Personal Loans, (ii) Unsecured MSME Loans, and (iii) Secured MSME Loans.
The company offers credit solutions to low-income individuals, especially those in class-four employment roles like cleaners and peons in municipalities.
Additionally, DCCL extends credit to small-scale shopkeepers and vendors, strongly focusing on empowering women entrepreneurs.
As of December 31, the company had 24,608 Active Customers, who are served by our 27 branches and Camps across 64 districts in 6 states in India.
The company's loan portfolio was moderately diversified, comprising 44.46% personal loans to individuals, 40.12% micro loans, 2.65% unsecured SME loans, and 12.76% secured MSME loans.
Services:
As of December 31, 2024, the company had 224 employees.
Competitive Strength:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 221.60 | 235.82 | 187.27 |
| Total Income | 31.03 | 33.01 | 25.57 |
| Profit After Tax | 4.92 | 3.97 | 2.93 |
| NET Worth | 69.67 | 65.25 | 61.78 |
| Reserves and Surplus | 60.52 | 56.10 | 52.63 |
| Total Borrowing | 145.89 | 165.58 | 120.45 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augment the capital base of the Company | 22.00 |
| 2 | General Corporate Purposes | 1.06 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 6.17% |
| ROCE | 9.22% |
| Debt/Equity | 2.51 |
| RoNW | 6.08% |
| PAT Margin | 12.38% |
| EBITDA Margin | 66.40% |
| Price to Book Value | 0.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.97 | 4.59 |
| P/E (x) | 15.12 | 13.06 |
| Promoter Holding | 98.47% | 68.98% |
| Market Cap | ₹85.66 Cr. |
The Dar Credit and Capital IPO is subscribed 106.09 times on May 23, 2025 6:19:59 PM (Day 3). The public issue subscribed 104.88 times in the retail category, 31.29 times in the QIB category, and 208.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 31.29 | 8,12,000 | 2,54,08,000 | 27 |
| NII* | 208.45 | 6,10,000 | 12,71,52,000 | 5,273 |
| Retail | 104.88 | 14,22,000 | 14,91,46,000 | 74,573 |
| Total | 106.09 | 28,44,000 | 30,17,06,000 | 79,873 |
Total Application : 79,873
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Consultants, Registrars and other out of pocket expenses. | 2.34 |
| 2 | Marketing and Selling Commission and expenses | 0.10 |
| 3 | Advertising and marketing expenses | 0.05 |
| 4 | Printing and distribution of issue stationery | 0.00 |
| 5 | Listing fees | 0.00 |
| 6 | SEBI and NSE processing fees | 0.00 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.06 |
| 9 | Miscellaneous | 0.00 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹65.15 |
| Low | ₹61.90 |
| High | ₹66.00 |
| Last Trade | ₹63.95 |
Lead Manager Reports
Dar Credit IPO is a SME IPO of 42,76,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Wed, May 21, 2025, and closes on Fri, May 23, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Dar Credit IPO using UPI as a payment gateway. Zerodha customers can apply in Dar Credit IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dar Credit IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dar Credit IPO opens on Wed, May 21, 2025 and closes on Fri, May 23, 2025.
Dar Credit IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Dar Credit IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dar Credit IPO will be done on Monday, May 26, 2025, and the allotted shares will be credited to your demat account by Tue, May 27, 2025. Check the Dar Credit IPO allotment status.
The Dar Credit IPO listing date is on Wed, May 28, 2025.
