SOURCE : NEW18 NEWS
Last Updated:May 23, 2025, 17:47 IST
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.
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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.
- First Published:
May 23, 2025, 10:55 IST
