What is the last grey market premium of Dar Credit IPO?
Rs. 8
Listing Review: The scrip is listed at Rs. 65.50, much below the expectation of the grey market players.
Subscription status of Dar Credit IPO
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Dar Credit and Capital Limited IPO Price Rs. 60 Lot 2000 shares, Rs. 25.66 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 31.29 | 208.45 | 104.88 | 106.09 | 79873 |
| Note: Flow of applications has been strong on the last day. |
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Dar Credit Allotment Link:
What is the business of Dar Credit?
Dar Credit and Capital Limited (DCCL), incorporated in 1994, is a Non-Banking Financial Company (NBFC) that offers a range of credit products tailored to underserved segments. Its core offerings include:
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Personal Loans
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Unsecured MSME Loans
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Secured MSME Loans
DCCL primarily caters to low-income individuals, with a special focus on class IV workers such as cleaners and peons employed by municipal bodies. The company also serves small shopkeepers and street vendors, with a strong emphasis on supporting women entrepreneurs.
As of September 30, 2024, DCCL operated across 35 locations in Rajasthan, Gujarat, West Bengal, Madhya Pradesh, Chhattisgarh, Bihar, and Jharkhand.
The company maintained a moderately diversified loan portfolio, distributed as follows:
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44.46% in personal loans
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40.12% in microloans
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2.65% in unsecured SME loans
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12.76% in secured MSME loans
As of November 2024, DCCL employed 223 staff members across its operational regions.
Get more information about the company @ https://www.darcredit.com/
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Dar Credit IPO Details |
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| IPO opens on | 21 May 2025 |
| IPO closes on | 23 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4276000 Shares / Rs 25.66 Crore |
| * Fresh Issue | 4276000 Shares / Rs 25.66 Crore |
| * Offer for Sale – | – shares / Rs.- crore |
| Market Maker Portion | 216000 Shares |
| Net offer to Public | 4060000 Shares/ Rs 24.36 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 57-60 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2030000 | 12.18 |
| HNI (15%) | 609000 | 3.65 |
| RII (35%) | 1421000 | 8.53 |
| Total Shares | 4060000 | 24.36 |
| Retail portion will be oversubscribed by |
711 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.120000 |
| Min HNI Application | 4000 Shares | Rs. 240000 |
Who are the Promoters of Dar Credit?
The Promoters of the company are Mr. Ramesh Kumar Vijay, Mr. Rajkumar Vijay and Mrs. Rakshita Vijay.
What are the Objects of Dar Credit IPO?
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
a) To augment the capital base of the company
b) General Corporate Purpose
Tentative timetable |
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| IPO opens on | 21 May 2025 |
| IPO Closes on | 23 May 2025 |
| IPO Allotment on | 26 May 2025 |
| Refund Initiation | 27 May 2025 |
| Credit of Shares | 27 May 2025 |
| Listing on | 28 May 2025 |
| Registered Office of the Company Dar Credit and Capital Limited Business Tower, 206 AJC Bose Road 6 th Floor, Unit No. 6B, Kolkatta, West Bengal |
| The Lead Manager of this IPO GYR Capital Advisors Pvt Ltd |
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Who is the Registrar to IPO? Kfin Technologies Ltd |
Dar Credit IPO GMP grey market premium, review, Subscription, allotment, listing estimate
| Dal Credit Financials | |||
| Period Ended | 30-Jun-24 | 31-Mar-24 | 31-Mar-23 |
| Assets | 230.1 | 235.06 | 186.79 |
| Revenue | 10.19 | 33.01 | 25.57 |
| Profit After Tax | 1.52 | 3.68 | 2.72 |
| Net Worth | 66.35 | 65.34 | 62.15 |
| Reserves and Surplus | 56.35 | 55.34 | 52.15 |
| Total Borrowing | 159.25 | 165.58 | 120.45 |
| Amount in Rs. Crore | |||
| Performance Indicators | |
| KPI | Values |
| ROE | 5.78% |
| ROCE | 9.10% |
| Debt/Equity | 2.53 |
| PAT Margin | 11.49 |
| Price to Book Value | 0.92 |
| EPS | 3.68 |
| PE Ratio | 16.29 |
How Dar Credit IPO compares with the Peers?
There is no peer group listed company
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Dar Credit IPO Review by Paresh Gordhandas, CA & Research Analyst.
Dar Credit and Capital Limited (DCCL), incorporated in 1994, is a Non-Banking Financial Company (NBFC) that offers a range of credit products tailored to underserved segments. Its core offerings include:
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Personal Loans
-
Unsecured MSME Loans
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Secured MSME Loans
- The topline and bottomline growth during last 2 years has been good. The size of the IPO isnot very large and the shares are offered at reasonable PE multiple of 16.29. The only negative aspect is low fancy for finance and small NBFC business.
+ from fundamental angle: So-so
+ from grey market angle:
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