Dar Credit and Capital specializes in offering credit solutions to low-income individuals, particularly those in class-four (Group D) employment roles such as cleaners, sweepers, and peons working in municipalities. The Company also extends credit to small-scale shopkeepers and vendors, with a strong focus on empowering women entrepreneurs.

Dar Credit and Capital, an Book Built Issue Issue amounting to ₹ 25.66 Crores, consisting entirely an Fresh Issue of 42.76 Lakh Shares. The subscription period for the Dar Credit and Capital IPO opens on May 21, 2025, and closes on May 23, 2025. The allotment is expected to be finalized on or about Monday, May 26, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, May 28, 2025.

The Share Price Band of Dar Credit and Capital IPO is set at ₹ 57 to ₹ 60 per equity share. The Market Capitalisation of the Dar Credit and Capital Limited at IPO price of ₹ 60 per equity share will be ₹ 85.65 Crores. The lot size of the IPO is 2,000 shares. Retail investors are required to invest a minimum of ₹ 1,20,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹ 2,40,000.

GYR CAPITAL ADVISORS PRIVATE LIMITED is the book running lead manager of the Dar Credit and Capital IPO, while KFIN TECHNOLOGIES LIMITED is the registrar for the issue. SMC Global Securities Limited is the Market Maker for Dar Credit and Capital IPO.

Dar Credit and Capital Limited IPO GMP Today
The Grey Market Premium of Dar Credit and Capital Limited IPO is expected to be ₹ 5 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only

Dar Credit and Capital Limited IPO Live Subscription Status Today: Real-Time Update
As of 01:30 PM on 21 May, 2025, the Dar Credit and Capital Limited IPO live subscription status shows that the IPO subscribed 2.01 times on its First day of subscription period. Check the Dar Credit and Capital IPO Live Subscription Status Today at NSE.

Dar Credit and Capital IPO Anchor Investors Report
Dar Credit and Capital has raised ₹ 7.29 Crores from Anchor Investors at a price of ₹ 60 per shares in consultation of the Book Running Lead Managers. The company allocated 1,216,000 equity shares to the Anchor Investors. Check Full List of Dar Credit and Capital Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

Dar Credit and Capital Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
18 May 2025	₹ 60	₹ 65	₹ 5 (8.33%)	09:00 PM; 18 May 2025

Dar Credit and Capital Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Dar Credit and CapitalIPO allotment date is 26 May, 2025, Monday. Dar Credit and Capital IPO Allotment will be out on 26th May, 2025 and will be live on Registrar Website from the allotment date. Check Dar Credit and Capital IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Dar Credit and Capital Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Dar Credit and Capital Limited IPO
Dar Credit and Capital proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 2,200.00 Lakh is required to Augment the capital base of the Company
2. To meet out the General Corporate Purposes; and
3. To meet the issue expenses

Refer to Dar Credit and Capital Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About Dar Credit and Capital Limited

Business Overview

Dar Credit & Capital Limited (DCCL) offers three primary financial products: (i) Personal Loans, (ii) Unsecured MSME Loans, and (iii) Secured MSME Loans. The company focuses on serving low-income individuals, especially those in class-four (Group D) jobs such as cleaners, sweepers, and peons employed by municipalities. It also extends credit to small-scale shopkeepers, vendors, and places a strong emphasis on empowering women entrepreneurs.

With over 30 years of experience in the Indian financing and investment sector, DCCL has developed a deep understanding of underbanked and underserved segments. Headquartered in Kolkata with a regional office in Jaipur, DCCL operates branches across West Bengal, Rajasthan, Bihar, and Jharkhand, along with Camp Offices in Madhya Pradesh and Gujarat.

DCCL leverages digital sourcing and disbursement, with a focus on Straight Through Processing (STP). The platform integrates PAN validation, e-KYC, Credit Bureau Data checks, and other regulatory verifications. A significant portion of sourcing and collections is handled via mobile phones and tablets.

The company uses Vijay software, developed by Qbent Technologies Pvt. Ltd., as its core loan management system. This software supports asset management, risk management, collections tracking, and reporting, while the in-house technical team ensures smooth operations and thorough training for all staff. As of December 31, 2024, the Company had 224 full-time employees. The Banker to the Company are State Bank of India, ESAF Small Finance Bank, Indian Overseas Bank, Bandhan Bank and Punjab National Bank

Industry Analysis

Overview of India’s Financial Services Industry

India's financial services sector is one of the most diverse and rapidly evolving segments of the economy. It encompasses a broad spectrum of institutions including commercial banks, insurance companies, non-banking financial companies (NBFCs), cooperatives, pension funds, mutual funds, and other smaller financial entities. In recent years, the sector has seen significant expansion due to the robust growth of established firms and the entry of new players, including innovative models like payment banks.

Despite this diversity, the industry continues to be bank-centric, with commercial banks holding over 64% of the total assets within the financial system. The sector has been strengthened by regulatory reforms introduced by the Government of India and the Reserve Bank of India (RBI), aiming to liberalize, regulate, and enhance financial accessibility.

Several targeted initiatives have been launched to support Micro, Small and Medium Enterprises (MSMEs), such as:

• The Credit Guarantee Fund Scheme

• Revised collateral norms for bank lending

• The establishment of Micro Units Development and Refinance Agency (MUDRA)

These efforts, along with active participation from the private sector, have made India one of the most dynamic and vibrant capital markets globally.

Market Size and Growth Trends

• Mutual Funds:
  As of March 2024, the assets under management (AUM) of India's mutual fund industry reached ₹53.40 lakh crore (US$ 641.75 billion). Systematic Investment Plan (SIP) inflows between April 2023 and March 2024 stood at ₹2 lakh crore (US$ 24.04 billion).
  Notably, equity mutual funds saw a net inflow of ₹22.16 trillion (US$ 294.15 billion) by the end of December 2021.

• Insurance Sector:
  This segment continues to grow at a fast pace. In FY23, the total first-year premiums of life insurers reached US$ 32.04 billion. During the same fiscal year, non-life insurance premiums amounted to ₹1.87 lakh crore (US$ 22.5 billion).

• Capital Markets:
  In FY23, India witnessed 40 initial public offerings (IPOs) raising US$ 7.17 billion. The number of companies listed on the Bombay Stock Exchange (BSE) rose from 135 in 1995 to 5,357 by March 2024. BSE has also partnered with Ebix Inc. to create an advanced insurance distribution platform.

• Stock Exchanges:
  The National Stock Exchange (NSE) was recognized as the world’s largest derivatives exchange in terms of contracts traded in 2020, according to the Futures Industry Association (FIA). NSE also ranked fourth globally in terms of cash equity trades in 2020, based on World Federation of Exchanges (WFE) data.

Future Outlook

The Indian financial services industry is set for sustained growth, driven by increasing investor participation, technological advancement, and regulatory support.

• Private Wealth Management:
  India is projected to have 1.657 million high-net-worth individuals (HNWIs) by 2027, positioning it as the fourth-largest private wealth market globally by 2028.

• Insurance Expansion:
  The insurance market is expected to grow to US$ 250 billion by 2025, with an estimated opportunity of US$ 78 billion in additional life insurance premiums between 2020 and 2030. The liberalization of foreign investment norms has spurred interest from global insurers to increase their stakes in Indian joint ventures.

• Mutual Fund Industry:
  The Association of Mutual Funds in India (AMFI) aims to boost AUM to ₹95 lakh crore (US$ 1.15 trillion) and expand investor accounts to 130 million by 2025.

• Digital Payments:
  India’s mobile wallet industry is forecast to grow at a CAGR of 23.9% from 2023 to 2027, reaching US$ 5.7 trillion.

• Equity Market:
  According to Goldman Sachs, sustained investor interest is expected to drive the Indian stock market valuation beyond US$ 5 trillion, surpassing the UK and making India the fifth-largest stock market globally by 2024.

This trajectory reflects India's strengthening position as a global financial hub, propelled by supportive policies, a large domestic market, technological innovation, and growing investor confidence

Business Strengths

1. Quick & Flexible Loan Processing
As an NBFC, Dar Credit & Capital Limited is recognized for streamlined processes and swift decision-making, enabling faster loan approvals and disbursements compared to traditional banks. The use of digital platforms reduces paperwork and turnaround time. Flexible lending practices allow tailored solutions for small businesses and borrowers outside the formal banking system, enhancing accessibility.

2. Strong Local Market Expertise
With a deep understanding of regional economies, the company effectively addresses the financial needs of underserved communities, especially in rural and semi-urban areas. This localized approach supports financial inclusion, fosters customer loyalty, and contributes to sustainable economic development.

3. Innovative Technology Integration
DCCL leverages a fully digitized loan origination system from sourcing to collections. Tools like AI, data analytics, and fraud detection enhance credit scoring and risk assessment. The company maintains a robust online presence through its website, offering detailed financial and management information to attract lenders and enhance brand visibility.

4. Experienced Management Team
The leadership team comprises seasoned professionals with extensive backgrounds in finance, operations, and strategic planning. This expertise enables informed decision-making, the implementation of best practices, and the ability to adapt to evolving market trends.

5. Attractive Interest Rates & Fast Processing
DCCL offers competitive interest rates and short processing times, making its products appealing to individuals and small businesses. Efficient loan procedures empower borrowers to access funds quickly, facilitating timely financial decisions.

6. Robust Underwriting & Risk Management
A comprehensive underwriting system, supported by advanced analytics, ensures credit is extended to creditworthy applicants. Proactive risk management strategies enable continuous monitoring of market conditions and borrower behavior, minimizing defaults and maintaining financial stability

Business Strategies

1. Digital Transformation
Dar Credit and Capital has adopted a digital loan origination platform to speed up and simplify the borrowing process. AI and machine learning assess creditworthiness, including for those with thin credit files. Digital KYC and automated verification of PAN, Aadhaar, and Voter ID improve onboarding. Credit Bureau checks are automated, supporting faster, data-backed decisions.

2. Geographic Expansion
The company is expanding into underserved rural and semi-urban areas through branch networks, agent partnerships, and digital tools. Operations have extended to Bihar and Jharkhand in H1 FY2024-25, with plans for further expansion to enhance market presence and financial inclusion.

3. Risk and Underwriting Enhancement
AI-driven models and advanced analytics strengthen credit assessment and minimize defaults. Underwriting policies are regularly reviewed and updated based on insights from internal teams, advisors, and regulators. Software integration ensures compliance and operational consistency.

4. Technology Integration
Financial and company details are shared transparently on the official website, enhancing lender trust. A strong online presence supports brand visibility and business growth.

Business Risk Factors and Concerns

Interest Rate Risk
Fluctuations in interest rates may impact net interest income and margins, directly affecting operational performance.

Regional Concentration Risk
A significant portion of the loan portfolio is concentrated in specific states. Adverse developments in these regions could negatively impact business operations, financial condition, and cash flows.

Customer Segment Risk (NBFC Sector Challenges)
Serving underserved segments like small businesses, rural borrowers, and self-employed individuals increases exposure to customers with limited credit histories and volatile income. This may lead to higher NPAs, provisioning needs, and potential write-offs.

Credit Rating Sensitivity
Currently rated "CARE BBB-" indicating moderate credit risk. Future downgrades may result from liquidity pressures, higher NPAs, or reduced profitability (ROTA below 1%). An upgrade requires sustained operational growth and ROTA above 3%. As of December 2024, NPA stood at ₹97.18 lakh and ROTA at 9.41%.

Geographical Revenue Dependence
A majority of revenue is generated from two key states. Any political, economic, or competitive disruptions in these states may adversely affect business continuity and profitability.

Dar Credit and Capital faces risks related to interest rate volatility, regional concentration, customer segment challenges, credit ratings, and geographic dependency. These factors could affect profitability, asset quality, and overall business stability.