Latest news with #DarCreditandCapital
Economic Times
28-05-2025
- Business
- Economic Times
Dar Credit and Capital shares to list today. Check GMP ahead of debut
In the fiscal year 2023-24, the company reported a revenue of Rs 33.01 crore and a profit after tax of Rs 3.97 crore. The return on equity stood at 6.17%, with a debt-to-equity ratio of 2.51. Dar Credit and Capital is set to list on the NSE SME platform after its IPO was oversubscribed 106 times. The NBFC's Rs 26.46 crore IPO, priced at Rs 60 per share, saw strong investor interest, with grey market premium indicating a potential 26.7% gain on listing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Dar Credit and Capital, a non-banking financial company (NBFC), is set to debut on the NSE SME platform on Wednesday. The company's Rs 26.46 crore IPO received a resounding response from investors, with the issue being subscribed over 106 times. The offering was entirely a fresh issue of 44.1 lakh equity shares at a fixed price of Rs 60 per company's shares were last trading at a grey market premium (GMP) of Rs 16, suggesting an expected listing price of Rs 76 per share. This indicates a potential gain of approximately 26.7% over the issue substantial oversubscription and robust grey market premium indicate strong investor confidence in Dar Credit and Capital listing prospects. Investors who secured allotments can anticipate potential listing gains. However, as with all investments, it's advisable to consider the company's fundamentals and market conditions before making any brokerages have not covered the public offer, the strong subscription numbers and positive GMP suggest favorable market sentiment towards the funds raised through the IPO will be used to augment the company's capital base and support future lending in 1994, Dar Credit and Capital focuses on providing personal loans, unsecured MSME loans, and secured MSME loans. The company primarily caters to low-income individuals, self-employed workers, and small entrepreneurs, with a strong focus on underserved segments such as municipal workers and women operates with a vision of financial inclusion and empowerment, particularly for the fiscal year 2023-24, the company reported a revenue of Rs 33.01 crore and a profit after tax of Rs 3.97 crore. The return on equity stood at 6.17%, with a debt-to-equity ratio of 2.51.
Time of India
28-05-2025
- Business
- Time of India
Dar Credit and Capital shares to list today. Check GMP ahead of debut
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Dar Credit and Capital, a non-banking financial company (NBFC), is set to debut on the NSE SME platform on Wednesday. The company's Rs 26.46 crore IPO received a resounding response from investors, with the issue being subscribed over 106 times. The offering was entirely a fresh issue of 44.1 lakh equity shares at a fixed price of Rs 60 per company's shares were last trading at a grey market premium (GMP) of Rs 16, suggesting an expected listing price of Rs 76 per share. This indicates a potential gain of approximately 26.7% over the issue substantial oversubscription and robust grey market premium indicate strong investor confidence in Dar Credit and Capital listing prospects. Investors who secured allotments can anticipate potential listing gains. However, as with all investments, it's advisable to consider the company's fundamentals and market conditions before making any brokerages have not covered the public offer, the strong subscription numbers and positive GMP suggest favorable market sentiment towards the funds raised through the IPO will be used to augment the company's capital base and support future lending in 1994, Dar Credit and Capital focuses on providing personal loans, unsecured MSME loans, and secured MSME loans. The company primarily caters to low-income individuals, self-employed workers, and small entrepreneurs, with a strong focus on underserved segments such as municipal workers and women operates with a vision of financial inclusion and empowerment, particularly for the fiscal year 2023-24, the company reported a revenue of Rs 33.01 crore and a profit after tax of Rs 3.97 crore. The return on equity stood at 6.17%, with a debt-to-equity ratio of 2.51.
Mint
26-05-2025
- Business
- Mint
Dar Credit and Capital IPO share allotment: Latest GMP, how to check status online
Dar Credit and Capital IPO allotment: The allotment of Dar Credit and Capital's initial public offering (IPO) is likely to be finalised today, Monday, May 26 following decent interest and subscriptions for the share sale issue. The SME IPO, valued at ₹ 25.66 crore, opened for bidding on May 21 and closed on May 23. The price band was set at ₹ 60 per share. Investors can check the Dar Credit and Capital IPO allotment status online through the official portal of the IPO registrar Kfin Technologies. The company will credit the equity shares on Tuesday, May 27, into the Demat accounts of investors who have received the allotment. Refunds for rejected applications will also be processed the same day. Dar Credit and Capital IPO is slated to list on NSE SME on Wednesday, May 28, 2025. Step 1: Go to the IPO registrar website of Kfin Technologies. Step 2: From the selection menu, choose Dar Credit and Capital IPO. Step 3: To discover the status, pick a mode – click on PAN, Demat account, or application number. Step 4: Enter the required information, such as your application number, PAN, or Demat Account number. Step 5: Enter the 'captcha' to verify that you are not a robot. Step 6: Click 'submit' to view allotment status. The Dar Credit IPO is entirely fresh issue of 42.76 lakh shares with no offer for sale component. The minimum lot size for an application was 2,000 shares, and the minimum investment required by retail investors was ₹ 1.20 lakh. The IPO closed with overwhelming demand, garnering 106.09 times bids in three days. The IPO received bids for 30.17 crore shares against 28.44 lakh shares on offer. The retail investor segment saw a subscription of 104.88 times, while the non-institutional investors (NII) category was booked 208.45 times. Meanwhile, the Qualified Institutional Buyers' (QIBs) portion was bid 31.29 times. According to the RHP, the company plans to utilise the net issue proceeds to augment its capital base and meet the general corporate purposes. 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. The market maker for Dar Credit and Capital IPO is SMC Global Securities Ltd.. Incorporated in 1994, Dar Credit and Capital is a non-banking financial company (NBFC) that provides a range of credit products, including personal loans, unsecured and secured MSME loans. The company primarily caters to low-income borrowers, particularly Class IV (Group D) municipal employees such as cleaners, sweepers, and peons. In addition, Dar Credit extends financial support to small shopkeepers and vendors, with a strong emphasis on fostering women entrepreneurship and economic inclusion at the grassroots level. The IPO's grey market premium (GMP) today is ₹ 16 per share. This indicates an expected listing price of ₹ 76, a premium of 26.7 percent from its issue price of ₹ 60. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
News18
23-05-2025
- Business
- News18
Dar Credit and Capital IPO Day 3: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Dar Credit and Capital Ltd are trading at Rs 78 apiece in the grey market, which is a 30 per cent premium or GMP over the upper IPO price of Rs 60. Dar Credit and Capital IPO. Dar Credit and Capital IPO: The initial public offering of Dar Credit and Capital Ltd, which has been closed on Friday at 5:00 pm, has received a strong response. Till 5:00 pm on the final day of bidding on Thursday, the Rs 25.66-crore IPO received a whopping 106.09 times subscription, garnering bids for 30,17,06,000 shares as against 28,44,000 shares on offer. The retail and NII participation stood at 104.88 times and 208.45 times, respectively. The qualified institutional buyers (QIB) category has received a 31.29 times subscription on Day 3. The IPO received a 5.89 times subscription on the first day of bidding on Wednesday and a 19.22 times subscription on Day 2 on Thursday. The bidding was opened on Wednesday (May 21) and closed on Friday (May 23). The price band was fixed in the range of Rs 57 and Rs 60 apiece. Dar Credit and Capital IPO GMP Today According to market observers, unlisted shares of Dar Credit and Capital Ltd are currently trading at Rs 78 apiece in the grey market, which is a 30 per cent premium or GMP over the upper IPO price of Rs 60. It indicates a strong listing gains for investors on May 28, the tentative listing date. The shares will be listed on the NSE SME platform. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Dar Credit and Capital IPO: More Details Dar Credit and Capital's IPO, a book-built issue worth Rs 25.66 crore, opened for subscription on May 21, 2025, and will close on May 23, 2025. The public offering comprises entirely a fresh issue of 42.76 lakh equity shares. The price band for the IPO is set at Rs 57 to Rs 60 per share. Investors must apply for a minimum lot of 2,000 shares, requiring a minimum investment of Rs 1,14,000 for retail applicants. However, considering the potential for oversubscription, investors are advised to bid at the cut-off price, which would bring the investment amount to nearly Rs 1,20,000. For HNI investors, the minimum application size is two lots (4,000 shares), amounting to Rs 2,40,000. The IPO allotment is expected to be finalised on Monday, May 26, 2025, and the shares are likely to be listed on the NSE SME platform on Wednesday, May 28, 2025. GYR Capital Advisors Private Limited is acting as the book-running lead manager for the issue, with Kfin Technologies Limited serving as the registrar. Smc Global Securities Ltd is the designated market maker for the IPO.
News18
22-05-2025
- Business
- News18
Dar Credit and Capital IPO Day 2: Check Subscription Status, GMP Today
Dar Credit and Capital IPO: The initial public offering of Dar Credit and Capital Ltd, which opened on Wednesday, has received a decent response. Till 10:24 am on the second day of bidding on Thursday, the Rs 25.66-crore IPO received a 7.89 times subscription, garnering bids for 2,24,26,000 shares as against 28,44,000 shares on offer. The retail and NII participation stood at 12.16 times and 6.22 times, respectively. The qualified institutional buyers (QIB) category has received a 1.65 times subscription on Day 3 so far.
