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Dar Credit & Capital IPO
₹1,14,000/2000 shares
Minimum Investment
IPO Details
21 May 25
23 May 25
₹1,14,000
2000
₹57 to ₹60
NSE
₹25.66 Cr
28 May 25
Dar Credit & Capital IPO Timeline
Bidding Start
21 May 25
Bidding Ends
23 May 25
Allotment Finalisation
26 May 25
Refund Initiation
27 May 25
Demat Transfer
27 May 25
Listing
28 May 25
Dar Credit and Capital Limited
Established in 1994, Dar Credit and Capital Limited (DCCL) is an NBFC offering Personal Loans, Unsecured MSME Loans, and Secured MSME Loans. It primarily supports low-income individuals in class-four jobs and small vendors, with a focus on women entrepreneurs. As of September 30, 2024, DCCL operated in 35 locations across seven Indian states. Its loan portfolio included 44.46% personal loans, 40.12% micro loans, 2.65% unsecured SME loans, and 12.76% secured MSME loans. By November 2024, it employed 223 people.
Dar Credit and Capital Limited IPO Overview
Dar Credit and Capital IPO is a book-built issue of ₹25.66 crores, comprising a fresh issue of 42.76 lakh shares. The IPO opens for subscription on May 21, 2025, and closes on May 23, 2025, with allotment expected on May 26, 2025. The shares are proposed to be listed on NSE SME, tentatively on May 28, 2025. The price band is fixed at ₹57 to ₹60 per share. Retail investors must apply for a minimum lot of 2,000 shares, requiring an investment of ₹1,14,000, though bidding at the cutoff price of ₹60 is advised to avoid oversubscription, raising the amount to ₹1,20,000. For HNIs, the minimum investment is two lots (4,000 shares), totalling ₹2,40,000. GYR Capital Advisors Private Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar for the issue.
Dar Credit and Capital Limited IPO Details
| Particulars | Details |
| IPO Date | 21 May 2025 to 23 May 2025 |
| Listing Date | 28 May 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹57 to ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 42,76,000 shares (aggregating up to ₹25.66 Cr) |
| Fresh Issue | 42,76,000 shares (aggregating up to ₹25.66 Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,42,76,000 shares |
| Market Maker Portion | 2,16,000 shares |
Dar Credit and Capital Limited IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Dar Credit and Capital Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Dar Credit and Capital Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 98.48% |
| Post-Issue |
Dar Credit and Capital Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 3.68 |
| Price/Earnings (P/E) Ratio | TBD |
| Return on Net Worth (RoNW) | 5.64% |
| Net Asset Value (NAV) | 66.35 |
| Return on Equity | 5.64% |
| Return on Capital Employed (ROCE) | 9.10% |
| EBITDA Margin | 65.36% |
| PAT Margin | 11.49% |
| Debt to Equity Ratio | 2.53 |
Objectives of the Proceeds
- Augment the capital base of the company, ₹2400 lakhs
- Meet general corporate expenses
Key Financials (in ₹ lakhs)
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 23,506.26 | 18,679.14 | 16,938.26 |
| Revenue | 3204.88 | 2479.27 | 2422.66 |
| Profit After Tax | 368.38 | 272.19 | 223.32 |
| Reserves and Surplus | 5533.61 | 5215.23 | 4993.04 |
| Total Borrowings | 16,558.43 | 12,045.25 | 10,607.57 |
SWOT Analysis of Dar Credit & Capital IPO
Strength and Opportunities
- Experienced management with a long track record in financial services.
- Adequate capitalization and liquidity profile for current business scale.
- Diversified loan portfolio across personal, microfinance, SME, and B2B segments.
- Focus on underserved markets in urban, semi-urban, and rural areas.
- Stable credit rating (CARE BBB-) with a stable outlook.
Risks and Threats
- Small scale of operations limits market competitiveness.
- High exposure to unsecured lending increases credit risk.
- Geographic concentration in select states elevates regional risk.
- Modest earnings profile with potential for profitability fluctuations.
- Susceptibility to economic downturns affecting borrower repayment capacity.
Explore IPO Opportunities
Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
About Dar Credit and Capital Limited IPO
IPO Strengths
- The company ensures quick loan approvals through digital platforms and flexible lending, offering customised solutions for underserved customers.
- Its deep understanding of local markets enables tailored products, strong client relationships, and wider reach into rural and semi-urban areas.
- By using advanced technology, it streamlines credit assessment, enhances fraud detection, and delivers efficient, low-risk lending.
- A seasoned management team drives strategic growth, operational excellence, and responsiveness to market changes.
- Competitive interest rates and swift processing make its financial offerings both accessible and attractive to borrowers.
Peer Group Comparison
| Name of the Company | Basic EPS (₹) | Diluted EPS (₹) | Face Value (₹) | P/E Ratio | RoNW (%) | NAV Per Share (₹) | Total Income (₹ in Lakhs) |
| Dar Credit and Capital Limited | 3.68 | 3.68 | – | – | 5.64% | 65.34 | 2,442.08 |
| Peer Groups | |||||||
| Spandana Sphoorty Financial Ltd | 70.42 | 69.38 | 10 | 5.54 | 13.74% | 511.18 | 2,53,395.00 |
| Muthoot Microfin Ltd | 30.2 | 30.2 | 10 | 6.70 | 16.03% | 202.1 | 2,28,549.00 |
| CreditAccess Grameen Ltd | 90.88 | 90.41 | 10 | 10.18 | 22.01% | 164.49 | 5,17,265.00 |
| Fusion Microfinance Ltd | 50.3 | 50.11 | 10 | 4.03 | 17.74% | 412.23 | 2,41,242.00 |
| Satin Creditcare Network Ltd | 44.34 | 43.27 | 10 | 3.56 | 18.16% | 218.28 | 2,24,052.78 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Dar Credit and Capital Limited IPO
How can I apply for Dar Credit and Capital Limited IPO?
You can apply via HDFCSky, or other brokers using UPI-based ASBA (Application Supported by Blocked Amount).
What is the Dar Credit and Capital Limited IPO issue size?
The IPO size is ₹25.66 crore, consisting entirely of a fresh issue of 42.76 lakh shares.
What is the minimum investment required for retail investors?
Retail investors must invest ₹1,20,000 for one lot of 2,000 shares at ₹60 per share.
When will Dar Credit and Capital Limited shares be listed?
The shares are expected to be listed on NSE SME on 28 May 2025.
What does Dar Credit and Capital Limited primarily offer?
The company offers personal loans, unsecured MSME loans, and secured MSME loans, mainly to low-income borrowers.
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