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The Dar Credit IPO will open on May 21, 2025, and close on May 23, 2025. It is a Book Built Issue, where the company plans to raise approximately ₹25.66 crores through a fresh issue of shares. Additionally, there will be an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO price band is set between ₹57 and ₹60 per share. The allocation is divided with 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs). The Dar Credit IPO is expected to be listed on the NSE on May 28, 2025, with allotment results announced on May 26, 2025.
Financially, the company reported revenue of ₹33.01 crores in 2024, up from ₹25.57 crores in 2023. Profit also increased from ₹2.93 crores in 2023 to ₹3.97 crores in 2024. Based on these figures, the IPO appears to be a good long-term investment opportunity for investors.
Dar Credit IPO Details
- IPO Open Date: May 21, 2025
- IPO Close Date: May 23, 2025
- Face Value: ₹10 per Equity Share
- IPO Price Band: ₹57 to ₹60 per Share
- Issue Size: Approximately ₹25.66 Crores
- Fresh Issue Size: Approximately ₹25.66 Crores
- Issue Type: Book Built Issue
- Listing Exchange: NSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
- Anchor Investors List: Click Here
Dar Credit IPO Market Lot
The minimum market lot for the Dar Credit IPO is 2,000 shares, which requires an application amount of ₹1,20,000.
| Application Type | Lot Size | Number of Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | 1,20,000 |
| Retail Maximum | 1 | 2,000 | 1,20,000 |
| S-HNI Minimum | 2 | 4,000 | 2,40,000 |
Dar Credit IPO Schedule
The Dar Credit IPO will open for subscription on May 21, 2025, and close on May 23, 2025. The allotment of shares will be finalized by May 26, 2025. Refunds to unsuccessful applicants and crediting of shares to Demat accounts will happen on May 27, 2025. Finally, the IPO is expected to be listed on the stock exchange on May 28, 2025.
- IPO Opening Date: May 21, 2025
- IPO Closing Date: May 23, 2025
- Basis of Allotment: May 26, 2025
- Refund Date: May 27, 2025
- Credit to Demat Accounts: May 27, 2025
- Listing Date: May 28, 2025
Promoters of Dar Credit IPO
The promoters of Dar Credit are Mr. Ramesh Kumar Vijay, Mr. Rajkumar Vijay, and Mrs. Rakshita Vijay.
About Dar Credit IPO
Dar Credit & Capital is a rapidly growing company specializing in three main financial products: Personal Loans, Unsecured MSME Loans, and Secured MSME Loans. The company primarily serves low-income individuals and Class 4 municipal employees such as cleaners, sweepers, and peons. Their mission is to provide accessible credit solutions to small vendors, shopkeepers, and women entrepreneurs, helping them grow and succeed.
Operating mainly in West Bengal, Rajasthan, Bihar, and Jharkhand, Dar Credit also has camp offices in Madhya Pradesh and Gujarat. With over 30 years of experience, the company focuses on meeting the financial needs of people who have limited or no access to traditional banking services, improving their financial experience.
Borrowers benefit from competitive interest rates and flexible repayment options. Loan amounts are credited directly to the borrower’s account, and repayments can be made conveniently through ECS, cheque, or cash on a weekly, fortnightly, or monthly schedule.
Dar Credit IPO Company Financial Report
Dar Credit reported a revenue of ₹33.01 crores in 2024, up from ₹25.57 crores in 2023. The company’s profit also increased to ₹3.97 crores in 2024, compared to ₹2.93 crores in the previous year.
| Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | 24.42 | 21.08 | 2.50 | 169.65 |
| 2023 | 25.57 | 21.66 | 2.93 | 187.27 |
| 2024 | 33.01 | 27.75 | 3.97 | 235.82 |
| December 2024 | 31.03 | 24.61 | 4.92 | 221.60 |
Dar Credit IPO Valuation – FY2024
Here are the key valuation metrics for Dar Credit IPO for the fiscal year 2024, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 6.17% |
| Return on Capital Employed (ROCE) | 9.22% |
| EBITDA Margin | 66.40% |
| Profit After Tax (PAT) Margin | 12.38% |
| Debt-to-Equity Ratio | 2.51 |
| Earnings Per Share (EPS) (Basic) | ₹3.97 |
| Price-to-Earnings (P/E) Ratio | Not Available |
| Return on Net Worth (RoNW) | 6.08% |
| Net Asset Value (NAV) | ₹65.25 |
Peer Group Comparison
| Company | EPS | P/E Ratio | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Income (₹ Crores) |
|---|---|---|---|---|---|
| Spandana Sphoorty Financial Ltd | 70.42 | 3.94 | 13.74% | 511.18 | 2,533.95 |
| Muthoot Microfin Ltd | 30.20 | 4.82 | 16.03% | 164.49 | 2,285.49 |
| Credit Access Grameen Ltd | 90.88 | 12.58 | 22.01% | 412.23 | 5,172.65 |
| Fusion Microfinance Ltd | 50.30 | 3.24 | 17.74% | 281.93 | 2,412.42 |
| Satin Creditcare Network Ltd | 44.34 | 3.88 | 18.16% | 218.28 | 2,240.53 |
Objects of the Issue
- To strengthen the company’s capital base
- To fund general corporate purposes
- To cover the expenses related to the issue
Dar Credit IPO Review by Brokerage Firms
- IPO Watch – May Apply
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Dar Credit IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
Email: dccl.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Managers (Merchant Bankers)
- GYR Capital Advisors Private Limited
Company Address
Dar Credit & Capital Limited
Business Tower, 206 AJC Bose Road, 6th Floor,
Unit No. 6B, Kolkata, West Bengal, India – 700017
Phone: +91 98838 47875
Email: Co.secretary@darcredit.com
Website: www.darcredit.com
Dar Credit IPO – Frequently Asked Questions (FAQs)
1. What is the Dar Credit IPO?
Dar Credit IPO is a Small and Medium Enterprises (SME) public offering. The company aims to raise ₹25.66 crores through this IPO, with the price band set between ₹57 and ₹60 per equity share. The IPO will be listed on the NSE SME platform.
2. When does the Dar Credit IPO open for subscription?
The IPO will open for subscription on May 21, 2025, and will close on May 23, 2025. It will be open to Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
3. What is the investor allocation for Dar Credit IPO?
The IPO investor allocation is as follows:
- QIBs: 50%
- NIIs: 15%
- Retail Investors: 35%
How to Apply for Dar Credit IPO?
You can apply for the Dar Credit IPO through the ASBA facility available in your bank’s online net banking portal. Alternatively, you can apply using the UPI method through stock broker platforms. Offline applications can also be submitted by filling out the IPO application form through your broker.
- 1. What is the Issue Size of Dar Credit IPO?
- The total issue size of the Dar Credit IPO is ₹25.66 crores.
- 2. What is the Price Band of Dar Credit IPO?
- The price band for the Dar Credit IPO is set between ₹57 to ₹60 per equity share.
- 3. What is the Lot Size for Dar Credit IPO?
- The minimum application lot size is 2,000 shares, amounting to an investment of ₹120,000 at the upper price band.
- 4. What is the Allotment Date for Dar Credit IPO?
- The basis of allotment for the Dar Credit IPO will be finalized on May 26, 2025.
- 5. When is the Dar Credit IPO Listing Date?
- The shares are expected to be listed on the NSE SME platform on May 28, 2025.
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