Dar Credit and Capital Limited IPO

Apply 0
Avoid 0

Closing in

Days
Hours
Mins
Secs

Don't Miss It! Mark Your Calender Now:


Dar Credit & Capital Limited (“DCCL”) is a Non-Banking Financial Company (NBFC) with over three decades of experience in addressing the financial needs of India’s underbanked and underserved population.

DCCL provides tailored credit solutions under three key product categories:
i. Personal Loans.
ii. Unsecured MSME Loans.
iii. Secured MSME Loans.

The Company’s focus is on lending to low-income individuals, particularly those in class-four (Group D) employment such as municipal cleaners, sweepers, and peons. Additionally, DCCL serves small shopkeepers, vendors, and women entrepreneurs, aiming to improve financial inclusion across grassroots segments.

Geographic Presence

Headquartered in Kolkata, with a regional office in Jaipur, DCCL has established a wide operational footprint:
i. Branch offices across West Bengal, Rajasthan, Bihar, and Jharkhand.
ii. Camp offices in Madhya Pradesh and Gujarat

This expansive presence enables DCCL to build strong community relationships and deliver credit access at the last mile.

DCCL uses ‘Vijay’ software, developed by Qbent Technologies Private Limited, as its core loan management platform.
This system supports:
i. Efficient loan lifecycle management.
ii. Daily operations including collections tracking, field staff monitoring, and performance analytics.
iii. Enhanced decision-making through centralized data reporting and MIS tools

DCCL’s commitment to responsible lending, women empowerment, and financial inclusion has positioned it as a reliable and impactful NBFC in India’s financial ecosystem.

Objects of the Dar Credit and Capital Limited IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Augment the capital base of the Company. ii. General Corporate Purposes. iii. Issue Expenses.
DRHP of Dar Credit and Capital Limited IPO
RHP of Dar Credit and Capital Limited IPO

Dar Credit and Capital Limited IPO Details:

Open Date: May 21 2025
Close Date: May 23 2025
Total Shares: 42,76,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 25.66 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 57 - 60 Per Equity Share
Listing At: NSE Emerge
Listing Date: May 28 2025

Promoters And Management:

Ramesh Kumar Vijay, aged 67, is the Chairman, Whole-Time Director, and Promoter of the Company. A Chartered Accountant and Company Secretary by qualification, he holds a Bachelor’s degree in Commerce from the University of Rajasthan. As a founding member, he brings 39 years of experience in personal loans, unsecured and secured MSME lending. He oversees MSME operations, fund mobilization, expansion, corporate planning, and performance review. His achievements include the SME Leader Award 2018 by ICAI, and recognition for his contributions to micro-credit and financial consulting. He is also a Patron Member of the B.B.D. Bag Professional Study Circle Association. Rajkumar Vijay, aged 58, is the Whole-Time Director and Promoter of the Company. He holds a Bachelor’s degree in Commerce from Rajasthan University and a Master’s in Business Administration from Vinayaka Missions University, Tamil Nadu. As a co-founder, he brings over 30 years of experience in the NBFC sector, specializing in the personal loan portfolio, which he continues to actively oversee. Umesh Khemka, aged 61, is a Non-Executive Director of the Company. He holds a Bachelor’s degree in Commerce from the University of Calcutta and is a qualified Chartered Accountant and Company Secretary. With over 14 years of experience in taxation, trading, and the investment industry, he previously served as a Partner at M/s O.P. Tulsyan & Co. He has been associated with the Company since March 2018.

Financials of Dar Credit and Capital Limited IPO:

In Cr.
Particulars December 31, 2024 March 31, 2024 March 31, 2023  March 31, 2022 
Revenue from Operations 30.08 32.04 24.79 24.46
EBITDA 21.51 21.92 16.45 15.91
EBITDA Margins 69.34% 66.40% 64.37% 64.55%
PAT 4.91 3.96 2.93 2.50
PAT Margins 16.35% 12.38% 11.82% 10.26%
ROE 7.20% 6.17% 4.47% 4.08%
Net NPA 0.59% 0.35% 0.69% 0.45%

Comparison With Peers:

Companies Revenue Financial Margins PAT Margins MCap P/E
Dar Credit and Capital  (FY 2024) 32.04 Cr. 49.55% 12.38% 85.65 Cr. 21.62*
Spandana Sphoorty Financial (TTM) 2,453 Cr. -26% -17% 2,045 Cr. In loss
Muthoot Microfin (TTM) 2,562 Cr. 27% -8.70 2,216 Cr. In loss
Credit Access Grameen (TTM) 5,752 Cr. 13% 9.23% 17,568 Cr. 33
Fusion Microfinance (TTM) 2,500 Cr. -34% -37% 2,397 Cr. In loss
Satin Creditcare Network (TTM) 2,595 Cr. 10% 7% 1,845 Cr. 9.90
*Forward PE is 13.09 on the basis of FY 25 PAT.

Recommendation on Dar Credit and Capital Limited IPO:

Review and Recommendation of Dar Credit and Capital IPO by team IZ is 3/10.

Lead Manager of Dar Credit and Capital Limited IPO:

  1. GYR CAPITAL ADVISORS PRIVATE LIMITED

Registrar of Dar Credit and Capital Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Dar Credit and Capital Limited Business Tower, 206 AJC Bose Road 6 th Floor, Unit No. 6B, Phone: +91 9883847875 Email: co.secretary@darcredit.com Website: https://www.darcredit.com/

Discussion on Dar Credit and Capital Limited IPO:

Leave a Reply