IPO Closing Alert! Dar Credit and Capital Subscription Ends Today; Check Live GMP, Latest Bid, SME IPO Details

Dar Credit and Capital IPO: Non-banking lender Dar Credit and Capital is set to close its initial public offering (IPO) today on May 23, 2025. It is marking the final opportunity for investors to participate in the Small and Medium Enterprises (SME) issue. The three-day bidding process, which began on 21 May, saw the IPO oversubscribed over 17 times by the final day, according to data from the National Stock Exchange (NSE).

Dar Credit and Capital IPO Subscription Status Day 3

The SME issue aimed to raise Rs 25.66 crore through a fresh issuance of 42.7 lakh equity shares. There was no offer for sale (OFS) component. The price band was fixed at Rs 57 to Rs 60 per share. Retail investors were required to invest a minimum of Rs 1,14,000 for one lot (2,000 shares), while high-net-worth individuals (HNIs) could bid for at least two lots (4,000 shares) with a minimum investment of Rs 2,40,000.

Dar Credit and Capital IPO GMP:

As per IPO tracking website, IPO Watch, Dar Credit and Capital's unlisted shares were commanding a grey market premium (GMP) of Rs 16 on Friday. With shares trading at Rs 76 against the issue price of Rs 60, this represents a premium of approximately 26.7%, indicating strong investor confidence ahead of listing.

SME IPO: Dar Credit and Capital Allotment and Listing Timeline

Kfin Technologies is the registrar for the issue, and GYR Capital Advisors is the sole book-running lead manager. The basis of allotment is expected to be finalised on Monday, 26 May, with tentative listing on the NSE SME platform scheduled for Wednesday, 28 May 2025. The proceeds from the issue will be used to strengthen the company's capital base and meet general corporate purposes.

About the IPO Company: Dar Credit and Capital

Founded in 1994, Dar Credit and Capital is a non-banking financial company (NBFC) offering personal loans, secured and unsecured MSME loans, particularly catering to low-income individuals such as municipal workers and small-scale vendors. The firm also focuses on empowering women entrepreneurs and operates across states including West Bengal, Rajasthan, Bihar, and Jharkhand, with its head office in Kolkata and a regional office in Jaipur.