Dar Credit and Capital SME: Check IPO Date, Live Subscription and Key Details
Dar Credit and Capital Limited (DCCL), started in 1994, is a Non-Banking Finance Company (NBFC) that offers three main types of loans: (i) Personal Loans, (ii) Unsecured MSME Loans, and (iii) Secured MSME Loans. The company mainly provides loans to low-income individuals, including class-four government workers like cleaners and peons. It also supports small shopkeepers and traders, especially women entrepreneurs. As of September 30, 2024, DCCL had 35 branches across Rajasthan, Gujarat, West Bengal, Madhya Pradesh, Chhattisgarh, Bihar, and Jharkhand.
Min Investment
₹120000
Price Range
₹57.00-60.00
Issue Size
₹25.66 Cr
IPO Type
NSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
4.59
P/E Ratio
13.06
RoNW
6.08%
ROE
6.17%
Debt to Equity
2.51
Timeline
IPO Opens
21 May
IPO Closes
23 May
Allotment
26 May
Listing
28 May
IPO Objectives
- Augment the capital base of the Company
- General Corporate Purposes.
- Issue Expenses
Strengths
- Fast digital loan processing offers quick access and boosts customer satisfaction.
- Flexible lending models cater well to small businesses and underserved clients.
- Deep understanding of local markets helps deliver customized financial solutions.
- AI-powered risk tools enhance loan quality and reduce chances of default.
- Strong tech-backed operations enable scalability and better customer targeting.
Weaknesses
- Loan portfolio is concentrated in specific regions, reducing geographic spread.
- Serving high-risk segments increases chances of non-performing assets (NPAs).
- Relies heavily on accurate borrower data, which may affect loan decisions.
- IT system failures or outages can disrupt services and hurt customer trust.
Financial Performance
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 230.1 | 235.06 | 186.79 |
| Revenue (₹ Cr.) | 10.19 | 33.01 | 25.57 |
| PAT (₹ Cr.) | 1.52 | 3.68 | 2.72 |
| Net Worth (₹ Cr.) | 66.35 | 65.34 | 62.15 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Dar Credit and Capital Limited | 0.92 | 16.29 | 6.08 | 66.35 |
| Spandana Sphoorty Financial | 0.58 | 3.94 | 13.74 | 3645 |
| Muthoot Microfin Limited | 0.84 | 4.82 | 16.03 | 2804 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.65x | 2.65x | 31.29x |
| NII | 3.90x | 16.81x | 208.41x |
| RII | 9.16x | 29.72x | 103.47x |
| Total | 5.89x | 19.22x | 105.37x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 8,12,000 | 2,54,08,000 | 152.45 |
| NII | 6,10,000 | 12,71,28,000 | 762.77 |
| RII | 14,22,000 | 14,71,38,000 | 882.83 |
| Total | 28,44,000 | 29,96,74,000 | 1,798.04 |
Company Details
- Business Tower, 206, AJC Bose Road, 6th Floor, Unit No. 6B, Kolkata-700017
- +91 9883847875
- co.secretary@darcredit.com
- https://www.darcredit.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- dccl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/