Dar Credit and Capital shares to list today. Check GMP ahead of debut
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Dar Credit and Capital, a non-banking financial company (NBFC), is set to debut on the NSE SME platform on Wednesday. The company’s Rs 26.46 crore IPO received a resounding response from investors, with the issue being subscribed over 106 times. The offering was entirely a fresh issue of 44.1 lakh equity shares at a fixed price of Rs 60 per share. The company's shares were last trading at a grey market premium (GMP) of Rs 16, suggesting an expected listing price of Rs 76 per share. This indicates a potential gain of approximately 26.7% over the issue price. The substantial oversubscription and robust grey market premium indicate strong investor confidence in Dar Credit and Capital listing prospects. Investors who secured allotments can anticipate potential listing gains. However, as with all investments, it's advisable to consider the company's fundamentals and market conditions before making any decisions. While brokerages ha...