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Dar Credit and IPO
Price Band
₹57.0–60.0
Issue Size
₹25.66 Cr
Lot Size
2,000 shares
Min Investment
₹120,000
GMP
+₹10.0 (16.67%)
Issue Price
₹60.0
Subject to Sauda
₹15200
Paid only if allotted
Dar Credit and IPO AI Summary
- Dar Credit and IPO is listed on NSE SME.
- Price band: ₹57.0–₹60.0 per share, lot size 2,000 shares (min. investment ₹120,000).
- Subscription window: 21 May–23 May 2025, listing on 28 May 2025.
- Current GMP is +₹10.0 (16.67%), an estimated listing price of ₹70 — unofficial and can change daily.
Dar Credit and Capital Limited is an NBFC focused on providing financial products to low-income individuals and small enterprises. With a diverse loan portfolio and a strong local market presence, the company aims to empower its customers, particularly women entrepreneurs. The IPO is set to open on May 21, 2025, with a price band of ₹57.0 to ₹60.0.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Dar Credit and IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 May 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Dar Credit and IPO Grey Market Premium (GMP) Today
GMP
+₹10.0
GMP %
+16.67%
Est. Listing
₹70.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 1994, Dar Credit and Capital Limited is a Non-Banking Finance Company (NBFC) offering three primary types of financial products: (i) Personal Loans, (ii) Unsecured MSME Loans, and (iii) Secured MSME Loans. 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 December 31, the company had 24,608 Active Customers, who are served by our 27 branches and Camps across 64 districts in 6 states in India. The company's loan portfolio was moderately diversified, comprising 44.46% personal loans to individuals, 40.12% micro loans, 2.65% unsecured SME loans, and 12.76% secured MSME loans. Services: Personal Loan to the employees of Municipalities Unsecured MSME Loans Secured MSME Loans As of December 31, 2024, the company had 224 employees. Competitive Strength: Quick and Efficient Loan Processing along with flexible Lending Practices. Strong Understanding of Local Markets. Use technology to improve credit assessment, risk management, and customer service, allowing us to swiftly process applications and disburse loans. Experienced and Qualified Management Team.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 221.60 | 235.82 | 187.27 |
| Total Income | 31.03 | 33.01 | 25.57 |
| Profit After Tax | 4.92 | 3.97 | 2.93 |
| NET Worth | 69.67 | 65.25 | 61.78 |
| Reserves and Surplus | 60.52 | 56.10 | 52.63 |
| Total Borrowing | 145.89 | 165.58 | 120.45 |
Key Ratios
EPS
₹3.97
NAV
₹65.25
ROE
6.17%
ROCE
9.22%
RoNW
6.08%
P/B Value
0.92
P/E Ratio
15.12
Market Cap
₹85.66 Cr
PAT Margin
12.38%
Debt/Equity
2.51
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Satin Creditcare Network Ltd | 218.28 | 18.16% | 3.88 | 44.34 | 43.27 |
| Fusion Microfinance | 281.93 | 17.74% | 3.24 | 50.3 | 50.11 |
| Credit Access Grameen Ltd | 412.23 | 22.01% | 12.58 | 90.88 | 90.41 |
| Muthoot Microfin Limited | 164.49 | 16.03% | 4.82 | 30.2 | 30.2 |
| Spandana Sphoorty Financial Ltd | 511.18 | 13.74% | 3.94 | 70.42 | 69.38 |
| Dar Credit and Capital Limited This IPO | 65.25 | 6.08% | 16.29 | 3.97 | 3.97 |
Promoters
Ramesh Kumar Vijay, Rajkumar Vijay and Rakshita Vijay
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augment the capital base of the Company 22.00 2 General Corporate Purposes 1.06 3 Issue Expenses 2.60 Total 25.66
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹25.57 Cr for the period ending 31 Mar 2023, rising to ₹33.01 Cr by 31 Mar 2024, and reaching ₹31.03 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax increased from ₹2.93 Cr for the period ending 31 Mar 2023 to ₹3.97 Cr by 31 Mar 2024, and further rose to ₹4.92 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
DCCL's implied P/E at the issue price is 16.29, while peers are trading at a P/E range of 3.24 to 12.58.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the IPO may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. Consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable returns may want to avoid this IPO, as investing in smaller finance companies can involve higher risks.
IPO Timeline, Explained
The IPO opens for subscription on May 21, 2025, and closes on May 23, 2025. Allotments will be finalized by May 26, 2025, with shares expected to list on May 28, 2025.
Listing Gains — The Risk
Listing gains can be unpredictable. While some IPOs may experience a surge in price on their listing day, others may decline. Factors influencing listing performance include market conditions, investor sentiment, and the company's financial health.
This evaluation is generated from Dar Credit and's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Dar Credit and IPO GMP today?
Dar Credit and IPO GMP today is +₹10.0 (16.67%), indicating an estimated listing price of ₹70. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Dar Credit and IPO?
The price band of Dar Credit and IPO is ₹57.0–₹60.0 per share.
When does Dar Credit and IPO open and close?
Dar Credit and IPO opens on 21 May 2025 and closes on 23 May 2025.
When does Dar Credit and IPO list on the stock exchange?
Dar Credit and IPO listed on 28 May 2025 at ₹70.0.
What is the lot size for Dar Credit and IPO?
The lot size for Dar Credit and IPO is 2000 shares, requiring a minimum investment of ₹120,000.
What is the lot size for this IPO?
The lot size for the Dar Credit and Capital Limited IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the price band for the IPO?
The price band for the IPO is ₹57.0 to ₹60.0.
When does the IPO open and close?
The IPO opens on May 21, 2025, and closes on May 23, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 May 2025
Close
23 May 2025
Allotment
26 May 2025
Listing
28 May 2025
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