New Delhi: Dar Credit and Capital is set to launch an SME IPO offering that is targeting a capital fundraising of ₹25.66 crore. According to NSE data, the subscription crossed over 25 times, and as the closing window is approaching soon, i.e., today, 23rd May, 2025. According to the RHP (Red Herring Prospectus), the company would issue around 42 lakh fresh equity shares, with no offer for sale (OFS) component. The IPO price band is ₹57-60 per share.
Dar Credit IPO GMP
According to Investorgain.com, the IPO GMP is ₹18, the data obtained as of today, i.e., 23rd May. With the price band of 60.00, SME IPO’s estimated listing price is ₹78 (cap price + today’s GMP). The expected percentage gain/loss per share is 30.00%.
IPO details
For retail investors, a minimum amount of Rs 111,400 is required for the bidding process. A single lot contains 2000 shares. On the other hand, High-Net Individuals (HNI) could invest a minimum of Rs 240,000 for 4000 shares (minimum two lots). The basis for allotment of shares would be finalised on 26th May, 2025. The tentative listing on the NSE SME platform is expected to be on 28th May, 2025.
Kfin Technologies will handle registrar duties, while GYR Capital Advisors serves as the book-running lead manager. The company intends to use the net proceeds to strengthen its capital base and support business growth.
Dar Credit & Capital business
The company’s business core areas lies in securing and advancing loans to the unsecured and informal sector of workers of India. The company is offering financial products specially for MSMEs and weaker sections of society. Dar Credit & Capital (DCCL) offers various types of financial products, namely personal loans, unsecured MSME loans, and secured MSME loans. The company specializes in offering credit solutions to low-income individuals. Small-scale shopkeepers, particularly focusing on empowering entrepreneurial women, are also covered under their credit facilities.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
Dar Credit & Capital’s SME IPO, aiming to raise Rs 25.66 crore, has been oversubscribed by 25 times. The IPO price band is Rs 57-60 per share, with a current grey market premium (GMP) of Rs 18, suggesting a potential listing price around Rs 78. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
