IPO of Dar Credit and Capital: Dar Credit and Capital Ltd.’s IPO has drawn a lot of interest and is scheduled to close on Friday at 5:00 p.m. The Rs 25.66-crore IPO obtained a 25.16 times subscription up till 10:39 am on the last day of bidding on Thursday, resulting in offers for 7,156,600 shares out of the 2,844,000 shares available.

The participation rates for NII and retail were 25.66 and 37.81 times, respectively. On Day 3, the qualified institutional buyers (QIB) category has already received 2.65 times as many subscriptions.

On Wednesday, the first day of bidding, the IPO was subscribed for 5.89 times, and on Thursday, Day 2, it was subscribed for 19.22 times.

The bidding will end on Friday, May 23, after opening on Wednesday, May 21.

The pricing range has been set between Rs 57 and Rs 60 per unit.

Today’s Dar Credit and Capital IPO GMP

Market watchers report that unlisted shares of Dar Credit and Capital Ltd. are now selling on the grey market for Rs 76 each, a 26.67% premium (GMP) over the Rs 60 top IPO price. On May 28, the estimated listing date, it predicts significant listing profits for investors.

The NSE SME platform will list the shares.

The GMP fluctuates and is reliant on market mood. Investors’ willingness to pay more than the issue price is shown by the “grey market premium.”

Additional Information on the Dar Credit and Capital IPO

Subscriptions for Dar Credit and Capital’s book-built IPO, valued at Rs 25.66 crore, began on May 21, 2025, and will end on May 23, 2025. 42.76 lakh new equity shares are being issued as part of the public offering. The IPO’s price range is Rs 57 to Rs 60 per share.

Retail applicants must invest a minimum of Rs 114,000, and investors must apply for a minimum lot of 2,000 shares. Investors are encouraged to bid at the cut-off price, which would raise the investment amount to about Rs 120,000, given the possibility of oversubscription. The minimum application size for HNI investors is Rs 240,000, or two lots (4,000 shares).

On Monday, May 26, 2025, the IPO allocation is anticipated to be finalized, and on Wednesday, May 28, 2025, the shares are anticipated to be listed on the NSE SME platform.

The issue’s book-running lead manager is GYR Capital Advisors Private Limited, while the registrar is Kfin Technologies Limited. The IPO’s authorized market maker is Smc Global Securities Ltd.