Dar Credit & Capital Ltd - IPO

Dar Credit & Capital Ltd IPO Details

Initial public offer of upto 50,00,000 equity shares of face value of Rs.10/- each (equity shares) of dar credit & capital limited (the company or DCCL or issuer) at an issue price of Rs.[*] per equity share (including a share premium of Rs.[*] per equity share) for cash, aggregating up to Rs.[*] crores (public issue) out of which [*] equity shares of face value of Rs.10/- each, at an issue price of Rs.[*] per equity share for cash, aggregating Rs.[*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). the public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs.10/- each, at an issue price of Rs.[*] per equity share for cash, aggregating up to Rs.[*] crores is hereinafter referred to as the net issue. The public issue and net issue will constitute [*]% and [*]% respectively of the postissue paid-up equity share capital of the company.The company, in consultation with the brlm, may consider an issue of specified securities, as may be permitted under applicable law, at itsdiscretion, prior to filing of the red herring prospectus with the roc (pre-ipo placement). The pre-ipo placement, if undertaken, will be at aprice to be decided by the company, in consultation with the brlm. if the pre-ipo placement is completed, the amount raised pursuant to the preipoplacement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957,as amended. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. prior to the completion of the issue, thecompany shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement. further,relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made inthe relevant sections of the red herring prospectus and the prospectus.The price band and the minimum bid lot will be decided by the company in consultation with the brlm.

Objective of issue

Augment the capital base the company. General corporate purposes.

Dar Credit & Capital Ltd Contact Details

Dar Credit & Capital Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - kolkata@darcredit.com