Dar Credit & Capital IPO Allotment Today, GMP Shows Strong Market Interest

Mumbai: Dar Credit and Capital’s IPO allotment status is expected to be finalised on Monday, May 26, 2025. The SME IPO received an overwhelming response from investors. The public issue closed on Friday, May 23, 2025.

The IPO was oversubscribed 106.09 times overall. Non-institutional investors (NIIs) showed the highest interest, subscribing 208.45 times. Retail investors followed with 104.88 times, and QIBs subscribed 31.29 times.

How to Check IPO Allotment

Investors can check their IPO allotment status online:

On the NSE website: NSE IPO Allotment Check

On the Kfin Technologies portal: Kfin IPO Allotment

Kfin Technologies is the registrar for this IPO.

Grey Market Premium (GMP) Update

On May 26, the grey market premium (GMP) for Dar Credit & Capital stood at Rs 16, indicating a 26.7 per cent gain over the issue price of Rs 60. This suggests positive listing expectations in the unlisted market.

IPO Details

The company aims to raise Rs 25.66 crore via a fresh issue of 4.27 million shares. There is no offer-for-sale (OFS) component in this issue.

Price Band: Rs 57 – Rs 60

Minimum Lot Size (Retail): 2,000 shares (Rs 1,14,000)

Minimum Lot Size (HNIs): 4,000 shares (Rs 2,40,000)

Tentative Listing Date: May 28, 2025 on NSE SME platform

GYR Capital Advisors is the sole book-running lead manager.

Use of IPO Proceeds

According to the red herring prospectus (RHP), the net proceeds will be used to:

- Augment the company’s capital base

- Fund general corporate purposes

About the Company

Dar Credit and Capital, established in 1994, is a non-banking financial company (NBFC). It provides:

Personal loans

Unsecured and secured MSME loans

The company focuses on low-income individuals like municipal cleaners and small shopkeepers. It also supports women entrepreneurs through credit access.