Dar Credit And Capital IPO Gets 7.89 Times Subscription Application By 2nd Day

Mumbai, 22 May 2025 – The initial public offering (IPO) of Dar Credit and Capital Ltd. has continued to attract strong investor interest as it enters the second day of bidding. The ₹25.66 crore issue, which opened for subscription on Wednesday, May 21, has already been subscribed 7.89 times as of 10:24 AM on Thursday, May 22.

According to data available, the IPO received bids for 2,24,26,000 equity shares, significantly exceeding the 28,44,000 shares on offer. Among the investor segments, retail investors led the participation with an oversubscription of 12.16 times, followed by Non-Institutional Investors (NIIs) at 6.22 times, and Qualified Institutional Buyers (QIBs) at 1.65 times.

The bidding window for this IPO will remain open until Friday, May 23, 2025.

Grey Market Premium Signals Positive Sentiment

Market observers report that unlisted shares of Dar Credit and Capital are currently trading at ₹76 in the grey market. This implies a Grey Market Premium (GMP) of ₹16, or 26.67%, over the upper end of the IPO price band of ₹60. The prevailing GMP reflects investor optimism and hints at a potentially strong debut on the listing day.

Dar Credit and Capital shares are expected to be listed on the NSE SME platform on Wednesday, May 28, 2025, subject to timely finalisation of the allotment process.

IPO Details: Price Band, Lot Size, and Application Requirements

The IPO is a completely fresh issue comprising 42.76 lakh equity shares, with a price band set at ₹57–₹60 per share. The minimum application size for retail investors is 2,000 shares, translating to a base investment of ₹1,14,000. However, to increase the chances of allotment amidst oversubscription, retail investors are advised to bid at the cut-off price, potentially raising the investment to around ₹1,20,000.

For high net-worth individuals (HNIs), the minimum application size is two lots (4,000 shares), amounting to an investment of ₹2,40,000.

IPO Timeline and Lead Managers

The basis of allotment for the IPO is expected to be finalised by Monday, May 26, 2025. Successful applicants will receive shares credited to their demat accounts ahead of the anticipated listing date on May 28.

The public issue is being managed by GYR Capital Advisors Pvt. Ltd., which is serving as the book-running lead manager, while Kfin Technologies Ltd. is acting as the registrar to the issue. SMC Global Securities Ltd. has been appointed as the market maker for the IPO.

Company Overview

Dar Credit and Capital Ltd. operates in the financial services sector, offering a range of credit and capital solutions to businesses and individuals. The company’s decision to go public is aimed at strengthening its capital base, expanding its lending portfolio, and meeting general corporate expenses.

The encouraging response from investors and a healthy grey market premium suggest a favourable outlook as the IPO nears closure. Investors and market participants will closely watch for allotment outcomes and listing performance in the coming week.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.