The Dar Credit IPO was subscribed 106.09 times on the last day, a retail quota was subscribed over 104.88 times, NII was subscribed over 208.45 times, and QIB was subscribed 31.29 times, respectively.
Details About Dar Credit IPO
Dar Credit got approval from SEBI for an IPO of around ₹25.66 crores. Dar Credit IPO consists of fresh issues of ₹25.66 crores with a face value of ₹10 each. Further, Dar Credit had a set price band of ₹57 to ₹60 Per Share.
In the Dar Credit IPO, 2,000 shares were in 1 lot size for the retail minimum and maximum categories as well. Moreover, 4,000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Dar Credit IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,20,000.
- SHNI (S-HNI): Minimum investment of ₹2,40,000.
Dar Credit IPO’s Subscription Duration
The opening date of Dar Credit’s IPO was on May 21, 2025, and the closing date was on May 23, 2025. The allotment date of the Dar Credit IPO was on May 26, 2025, and the investors will receive a refund on May 27, 2025. Dar Credit is set to be listed on May 28, 2025.
Dar Credit’s IPO funds deployment
- The proceeds raised from the funds will be used to strengthen our company’s financial foundation.
- The funds raised will be used to meet the issue expenses.
- Lastly, the remaining funds will be utilized for the company’s General Corporate Purpose
About Dar Credit Company
Established in 1994, Dar Credit & Capital is a Non-Banking Finance Company (NBFC) engaged in 3 primary types of financial products, including Personal Loans, Unsecured MSME loans, and Secured MSME Loans. The company is engaged in providing loans and other loan-related solutions to low-income and Class 4 employees, such as cleaners, sweepers, and peons working in municipalities, as well as to vendors, shopkeepers, and women who are in need or want to grow in the future. Currently, their offices are located in various states such as West Bengal, Rajasthan, Bihar, Jharkhand, Madhya Pradesh, and Gujarat. With over 30 years of experience, the company’s aim is to offer financial solutions to individuals who don’t have the knowledge of banking services and to improve their experience.
Financial Report of the Dar Credit Company
The company reported revenue of ₹33.01 crores in 2024 against ₹25.57 crores in 2023. The company reported a profit of ₹3.97 crores in 2024 against a profit of ₹2.93 crores in 2023.
