Dar Credit IPO Details
The key details of Dar Credit and Capital’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹25.66 Cr |
| Price Range | ₹57 - ₹60 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,20,000 |
| Pre IPO Promotor Holding | 98.47% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Dar Credit IPO Timelines
The IPO process for Dar Credit and Capital includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
21/05/2025
Start Date23/05/2025
End Date27/05/2025
Refund Initiation27/05/2025
Credit of Shares to Demat Ac28/05/2025
Listing DateDar Credit IPO Lot Size
The Dar Credit IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹60 per share, requiring ₹120,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹240,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,20,000 |
| Retail Maximum | 1 | 2000 | ₹1,20,000 |
| HNI Minimum | 2 | 4000 | ₹2,40,000 |
Dar Credit IPO Subscription Status
The subscription status for Dar Credit and Capital IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 31.29x | 208.45x | 104.88x | -- | 106.09x |
IPO Performance on Listing Day
On the listing day (May 28, 2025), Dar Credit and Capital made a positive debut on the stock exchange. The stock opened at ₹65.15, delivering a decent premium of 8.6% over its issue price of ₹60. During the trading session, the stock reached a high of ₹66 before experiencing some profit booking that brought it to a low of ₹61.90. The shares concluded their first trading day at ₹63.95, securing a steady gain of 6.6% over the issue price, indicating balanced investor sentiment towards this financial services provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹65.15 | ₹63.95 | ₹66 | ₹61.90 |
Dar Credit IPO Company Financials
Dar Credit and Capital IPO reports robust performance in FY2024 with Total Income of ₹33.01 crores, managing expenses at ₹27.75 crores, and achieving a strong PAT (Profit After Tax) of ₹3.97 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹24.42 | ₹21.08 | ₹2.50 |
| FY 2023 | ₹25.57 | ₹21.66 | ₹2.93 |
| FY 2024 | ₹33.01 | ₹27.75 | ₹3.97 |
| FY 2025 (9 M) | ₹31.03 | ₹24.61 | ₹4.92 |
About Company
Dar Credit and Capital Limited (DCCL), established in 1994, is a Non-Banking Finance Company (NBFC) that offers financial products in three main categories: personal loans, unsecured MSME loans, and secured MSME loans. The company primarily serves low-income individuals, especially class-four government employees such as municipal cleaners and peons. Additionally, DCCL extends credit facilities to small-scale traders and shopkeepers, with a particular focus on supporting women entrepreneurs.
As of September 30, 2024, DCCL operated across 35 locations in seven Indian states: Rajasthan, Gujarat, West Bengal, Madhya Pradesh, Chhattisgarh, Bihar, and Jharkhand. Its loan portfolio was moderately diversified, comprising 44.46% personal loans, 40.12% micro loans, 2.65% unsecured SME loans, and 12.76% secured MSME loans. The company employed 223 staff members as of November 2024.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1994 | Finance | Rajkumar Vijay |
Know Before Investing
Dar Credit IPO Strengths
- The company maintains a strong capital adequacy ratio of 36.79% as of March 2024, well above regulatory requirements, providing a solid buffer for growth and risk management.
- The company offers personal loans, unsecured MSME loans, and secured MSME loans, serving a wide range of customers including municipal workers, vendors, shopkeepers, and women entrepreneurs.
- Dar Credit and Capital is recognized for quick and efficient loan processing with flexible lending practices, enhancing customer satisfaction and operational efficiency.
- The company targets underserved and low-income segments, such as Class IV municipal employees and small business owners, helping bridge the credit gap in semi-urban and rural areas.
- With over 30 years of operational history, the company benefits from experienced promoters and a deep understanding of the financial needs of its target market.
- While maintaining a strong presence in West Bengal and Rajasthan, the company is expanding into new regions like Bihar, Jharkhand, Madhya Pradesh, and Gujarat, broadening its market reach.
Dar Credit IPO Risks
- 53% of the loan portfolio is concentrated in West Bengal and 27% in Rajasthan, exposing the company to regional economic downturns, natural disasters, or policy changes in these states.
- 84.58% of the portfolio comprises unsecured personal and MSME loans, increasing vulnerability to defaults during economic stress or rising interest rates.
- Despite a 25-year operational history, the company’s Assets Under Management (AUM) remain modest at ₹190.92 crore (as of June 2024), limiting its competitive edge against larger NBFCs.
- Operating as an NBFC requires adherence to stringent RBI guidelines, including recent mandates for higher capital reserves on unsecured loans, which could compress margins.
- Recent entry into secured MSME loans (backed by property mortgages) is untested, with potential challenges in asset quality monitoring and recovery processes.
- Depends on tie-ups with SIDBI and ESAF Small Finance Bank for loan origination introduces risks if these partnerships dissolve or underperform.
- Focus on low-income borrowers (e.g., municipal workers, small vendors) in tier-2/3 cities increases exposure to localized economic shocks or employment downturns.
Swot Analysis for Dar Credit IPO
Strengths
Steady Financial Growth, Niche Market Focus, Geographic Diversification
Weaknesses
High Debt-to-Equity Ratio, Contingent Liabilities, Regional Customer Concentration
Opportunities
Government Support, Growing Micro-Loan Demand, Debt Reduction
Threats
Intense Competition, Regulatory Risks, Economic Sensitivity
Company Details
Dar Credit and Capital Limited
Business Tower, 206 AJC Bose Road, 6th Floor, Unit No. 6B, Kolkata, West Bengal, India, 700017
Phone: +91 9883847875
Email: co.secretary@darcredit.com
Website: https://www.darcredit.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: dccl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Dar Credit IPO are:
- Augment the capital base of the Company
- General Corporate Purposes
- Issue Expenses
GYR Capital Advisors Private Limited is the book-running lead managers for the Dar Credit IPO.
Dar Credit and Capital IPO presents moderate to strong growth potential, backed by its focused lending to underserved segments like municipal employees and MSMEs in underpenetrated states. Financially, the company has shown steady growth with revenue rising from ₹24.42 crore in FY22 to ₹33.01 crore in FY24, and PAT increasing to ₹3.69 crore.
The issue price for the Dar Credit IPO is set between ₹57 to ₹60 per share.
To invest in one lot of Dar Credit IPO, you need ₹1,14,000 at the lower price band (₹57 per share) or ₹1,20,000 at the upper price band (₹60 per share) for a lot size of 2000 shares.
Dar Credit IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on May 28, 2025.
Refund/unblocking of funds for Dar Credit IPO will begin on May 27, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Dar Credit IPO shares on listing day (May 28, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.