Mumbai (Maharashtra) [India], May 21: Incorporated in 1994, Dar Credit and Capital Limited is a Non-Banking Finance Company (NBFC) offering three primary types of financial products i.e. Personal Loans, Unsecured MSME Loans, and Secured MSME Loans. The company is poised for its initial public offering (IPO), with plans to raise INR 25.66 crores through the issuance of 42.76 lakh new shares.
For its SME Initial Public Offering (IPO), Dar Credit and Capitalhas established a price band of Rs 57 to Rs 60 per share. The company’s shares will open for subscription on May 21, 2025 and closes on May 23, 2025. These will be listed on the NSE SME, with a projected listing date of Wednesday, May 28, 2025.
GYR Capital Advisors Private Limited is the book-running lead manager of the Dar Credit and Capital IPO, while Kfin Technologies Limited is the registrar for the issue.
The issue proceeds will be utilized for augment the capital base of the Company, general corporate purposes and issue expenses.
On Monday, May 26, 2025, the shares for the Dar Credit and Capital IPO are anticipated to be allotted, and on Tuesday, May 27, 2025, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.
Retail investors need to contribute a minimum of Rs 1.20 lakh considering the minimum lot size for an application is 2000 shares. For HNIs, the minimum bidding size is two lots, or 4000 shares, for a total investment of Rs 2.40 lakh at the upper price band.
Dar Credit and Capital Limited’s Revenue stood at Rs. 10.19 Crores and PAT at Rs. 1.52 Crores for the 30 Jun 2024.
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 September 30, 2024, DCCL operated in 35 locations across Rajasthan, Gujarat, West Bengal, Madhya Pradesh, Chhattisgarh, Bihar, and Jharkhand.
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