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Dar Credit and Capital IPO
Dar Credit & Capital Ltd
₹1,14,000 /2000 sharesMinimum Investment
Dar Credit and Capital IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹60.00 | ₹65.15 | ₹5.15 (8.58%) |
Dar Credit and Capital IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 21 May ‘25 - 23 May ‘25 | ₹1,14,000 | 2,000 | ₹57 - ₹60 |
| Issue Size | IPO Doc |
|---|---|
| 25.66Cr | RHP PDF |
Subscription rate
As of 23 May'25, 04:00 PM
| Qualified Institutional Buyers | 27.00x |
| Non-Institutional Investor | 142.13x |
| Retail Individual Investor | 84.63x |
| Total | 74.82x |
About Dar Credit and Capital
Founded in
1994
Managing director
Mr Ramesh Kumar Vijay
Parent organisation
Dar Credit & Capital Ltd
Strengths & Financials of Dar Credit and Capital
Strengths
Risks
Dar Credit and Capital claims to have a quick and efficient loan processing system supported by flexible lending practices.
The company emphasises a strong understanding of local and regional markets, particularly in underserved rural and semi-urban areas.
Dar Credit and Capital claims to leverage advanced technology for end-to-end digital loan origination, disbursement, and collection. Their use of data analytics and artificial intelligence (AI) in credit scoring and fraud detection aims to streamline lending processes while managing risks effectively.
The company claims to offer attractive interest rates paired with shorter processing times.
Dar Credit and Capital claims to maintain a robust underwriting process combined with proactive risk management strategies.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 24.23 crore in FY22 to Rs 24.79 crore in FY23 to Rs 32.05 crore in FY24, while PAT increased from Rs 2.23 crore in FY22 to Rs 2.72 crore in FY23 to Rs 3.68 crore in FY24.
Interest income constituted over 88 percent (standalone), 93.30 percent (standalone), 93.90 percent (standalone), and 98.02 percent (consolidated) of Dar Credit and Capital’s total revenue for the quarter ended June 30, 2024, FY24, FY23, and FY22, respectively. Any adverse fluctuations in interest rates could negatively impact the company’s net interest income and net interest margin.
A significant portion of Dar Credit and Capital’s gross loan portfolio is concentrated in West Bengal and Rajasthan. West Bengal contributed Rs 5.85 crore (60.18 percent), Rs 17.24 crore (52.21 percent), Rs 11.27 crore (44.07 percent), and Rs 8.44 crore (34.50 percent) to the company’s revenue for the period ended June 30, 2024, FY24, FY23, and FY22, respectively. Rajasthan, on the other hand, contributed Rs 2.48 crore (25.23 percent), Rs 10.57 crore (32.02 percent), Rs 11.17 crore (43.69 percent), and 11.99 crore (49.01 percent) to the company’s revenue for the same periods. Any disruption in the business environment of these states could adversely affect the company’s business and finances.
The company’s focus on underserved segments such as class-four municipal employees and small vendors exposes it to higher credit risk due to limited formal credit histories and variable income patterns. This increases the likelihood of elevated non-performing assets (NPAs), which could affect financial stability.
Dar Credit and Capital relies heavily on accurate and complete information provided by borrowers to assess their creditworthiness. Any misleading or incomplete data may result in poor credit decisions, which may increase defaults, negatively impacting cash flows and financial health.
Dar Credit and Capital’s non-convertible debentures (NCDs) are listed on the BSE, making the company subject to regulatory compliance. Past non-compliance resulted in a penalty of Rs 0.03 crore, and any future failures could lead to penalties or restrictions, impacting its financial condition.
The company’s credit monitoring and risk management policies may not adequately control NPAs. Economic downturns, changes in customer behaviour, or regulatory changes could increase NPAs, impacting profitability.
As of June 30, 2024, the company had outstanding financial indebtedness of Rs 159.24 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
The company, its subsidiaries, promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company recorded negative cash flows from operating activities amounting to Rs 5.84 crore, Rs 16.68 crore, and Rs 3.86 crore for the period ended June 30, 2024, FY24, and FY23, respectively. It also recorded negative cash flows from investing activities amounting to Rs 0.72 crore and Rs 7.80 crore in FY24 and FY22, respectively. Additionally, it recorded negative cash flows from financing activity amounting to Rs 11.91 crore and Rs 25.09 crore for the period ended June 30, 2024 and FY22, respectively. If cash outflows continue to exceed inflows, the company could face liquidity challenges in the future.
Dar Credit and Capital Financials
*All values are in Rs. Cr
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Application Details of Dar Credit and Capital IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹57 - 60 | ₹2 - 5 Lakh |
| High Networth Individual | ₹57 - 60 | ₹2 - 5 Lakh |
For Dar Credit and Capital IPO, eligible investors can apply as Regular.