Mumbai: The initial public offering (IPO) of Dar Credit and Capital opened for subscription on May 21, 2025. The IPO received a strong response and was fully subscribed within just one hour of opening. By 11:14 AM on the first day, it was already subscribed more than 100 per cent, as per data from the NSE SME platform.

Dar Credit is a non-banking finance company (NBFC). It mainly gives loans to low-income people like cleaners, sweepers, peons, and small shopkeepers. It also supports women entrepreneurs and small businesses. The company started in 1994 and is based in Kolkata, with offices in Jaipur, West Bengal, Bihar, Jharkhand, Madhya Pradesh, and Gujarat.

The IPO will stay open for three days, closing on Friday, May 23, 2025. The share allotment will likely be decided on Monday, May 26, and the listing on the NSE SME platform is expected on Wednesday, May 28.

Dar Credit aims to raise Rs 25.66 crore through this issue. It is offering 4.27 million new equity shares. There is no offer for sale (OFS). The price band is set between Rs 57 and Rs 60 per share.

The minimum investment for retail investors is Rs 1,14,000, which buys one lot of 2,000 shares. High net-worth individuals can bid for two lots by investing Rs 2,40,000.

The IPO has been divided as follows:

- 50 per cent for Qualified Institutional Buyers (QIBs)

- 35 per cent for Retail Investors

- 15 per cent for Non-Institutional Investors (NIIs)

The grey market premium (GMP) is currently at Rs 15, which is a 25 per cent premium over the upper band price of Rs 60. This suggests strong interest from investors even outside the official market.

The registrar for the issue is Kfin Technologies, and GYR Capital Advisors is the sole lead manager. The money raised will be used to strengthen the company’s capital and for general corporate needs.

Dar Credit and Capital’s IPO was fully subscribed within an hour on Day 1. With a strong grey market premium, the issue has seen high demand. Listing is expected on May 28, 2025.

Read more
Olly Murs cancels show after 20 minutes sparking health fears
Newspoint
The tiny UK town home to some of Britain's best pubs
Newspoint
Meddling SNP in crisis after 'war' over Keir Starmer's new deal with EU
Newspoint
Central Consumer Protection Authority Issues Notice To Uber After Mumbai Grahak Panchayat Alleges 'Tip' Extortion For Faster Cab Rides
Newspoint
ISRO Chairman Inaugurates ISRO-Academia Connect Symposium At MANIT
Newspoint
Cameron Norrie books Novak Djokovic semi-final after gutsy Geneva win
Newspoint
Morrisons make huge change to UK stores - and it's good for shoppers
Newspoint
UK high streets are 'ghost towns' as vape shops surge 1,200% and chemists close
Newspoint
Peonies produce 'decades of glorious flowers' if gardeners follow correct planting method
Newspoint
Labour 'determined to follow in footsteps of Blair and Brown' on child poverty, Liz Kendall says
Newspoint