Dar Credit & Capital IPO Day 2 Update: Oversubscription & Grey Market Premium Shine, Listing Date Announced

Mumbai: The IPO of Dar Credit and Capital, which started on May 21, 2025, has been a massive hit among investors. By Thursday, May 22, at 12:10 PM, the IPO was oversubscribed by 9.74 times. The offering, valued at Rs 25.66 crore, has received bids for 2,97,94,000 shares, far surpassing the 30,60,000 shares offered. The high demand for this IPO reflects strong investor confidence.

Dar Credit and Capital IPO Details

This IPO is a book-built issue with a fresh issue of 4.27 million equity shares. It does not include any offer-for-sale (OFS) component. The price band for the IPO is Rs 57-60 per share, and the lot size is 2,000 shares. To apply for a minimum of 2,000 shares, retail investors would need ₹1,20,000 at the upper end of the price range.

Grey Market Premium (GMP)

The grey market activity for Dar Credit and Capital shares has been positive on Day 2 of the IPO. Unofficial sources indicate that the GMP stands at ₹16, or a 26.67% premium over the upper end of the issue price. This signals that investors expect the shares to list higher than the issue price.

IPO Timeline and Listing Date

The Dar Credit and Capital IPO will remain open for subscription until Friday, May 23, 2025. After the subscription period closes, the basis of allotment is expected to be finalized by Monday, May 26, 2025. Investors who are allotted shares will see them in their demat accounts by Tuesday, May 27, 2025. The shares are expected to list on the NSE SME platform on Wednesday, May 28, 2025.

IPO Objective

The company plans to use the funds raised from the IPO to strengthen its capital base, cover general corporate expenses, and meet issue-related costs.

Company Overview

Dar Credit and Capital specializes in offering credit solutions to low-income individuals, especially those working in municipal roles such as cleaners and peons. It also provides financial products to small business owners, with a focus on empowering women entrepreneurs. The company has offices in Kolkata, Jaipur, and several other regions across India.