Dar Credit & Capital Ltd is a non-banking financial company (NBFC) registered with the Reserve Bank of India, specializing in providing financial services to underserved segments. The company offers personal loans to low-income individuals, unsecured and secured MSME loans, with a focus on supporting women entrepreneurs and informal-sector workers. Operating primarily in West Bengal, Rajasthan, Bihar, and Jharkhand, it has expanded its reach through branch and camp offices across various regions.
The Dar Credit & Capital Ltd IPO is a book-built issue of ₹25.66 crores, comprising entirely a fresh issue of 42.76 lakh shares. The IPO opened for subscription on May 21, 2025, and closed on May 23, 2025. The price band was set at ₹57 to ₹60 per share. The minimum lot size for retail investors was 2,000 shares, requiring an investment of ₹1,14,000. For HNI investors, the minimum lot size was 2 lots (4,000 shares), amounting to ₹2,28,000. The IPO is proposed to be listed on the NSE SME platform, with a tentative listing date of May 28, 2025.
Is Dar Credit & Capital Ltd IPO Halal or Not?
The Dar Credit & Capital Ltd IPO is considered Not Halal and Non-Shariah Compliant as the company operates as a non-banking financial company (NBFC), primarily engaged in providing interest-based loans and financial services, which are not permissible under Shariah principles. As a result, the business activity does not align with Islamic guidelines, and other financial calculations are not applicable. (Allah knows best)
Refer to Dar Credit and Capital IPO RHP for detailed information.
Business Overview – Dar Credit & Capital Ltd
Dar Credit & Capital Ltd (DCCL), established in 1994 and headquartered in Kolkata, is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. The company specializes in providing personal loans, unsecured MSME loans, and secured MSME loans, primarily targeting underserved segments such as municipal employees, small-scale shopkeepers, and women entrepreneurs.
Operating across multiple states including West Bengal, Rajasthan, Bihar, and Jharkhand, DCCL focuses on financial inclusion and empowering low-income individuals through accessible credit solutions.
Also Read : Is Unified Data-Tech Solutions Ltd IPO Halal or Not? Date, Price, Listing Details
Dar Credit & Capital Ltd IPO Timeline
| IPO Opening Date | Wed, May 21, 2025 |
| IPO Closing Date | Fri, May 23, 2025 |
| Expected Allotment Date | Mon, May 26, 2025 |
| Refund Initiation | Tue, May 27, 2025 |
| Credit of Shares to Demat | Tue, May 27, 2025 |
| Expected Listing Date | Wed, May 28, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on May 23, 2025 |
Dar Credit & Capital Ltd IPO Price Details
| IPO Date | May 21, 2025 to May 23, 2025 |
| Expected Listing Date | Tue, May 28, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹57 to ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 42,76,000 shares(aggregating up to ₹25.66 Cr) |
| Fresh Issue | 42,76,000 shares(aggregating up to ₹25.66 Cr) |
| Issue Type | Book-built Issue IPO |
| Listing At | NSE SME |
| Pre-Issue Shareholding | 1,00,00,000 shares |
| Post-Issue Shareholding | 1,42,76,000 shares |
| Market Maker Portion | 2,16,000 shares |
Conclusion
The Dar Credit & Capital Ltd IPO appeared to be Not Halal and Non-Shariah compliant based on the Shariah Screening Standard and the most recent financial report. However, investors should conduct their own due diligence and review the company’s business activity and financials periodically for any changes in compliance.
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Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.
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