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Dar Credit IPO vs Essex Marine IPO

Comparison between Dar Credit IPO and Essex Marine IPO.

IPO Details

Dar Credit IPO is a SME Fixed Price IPO proposed to list at NSE SME while Essex Marine IPO is a SME Fixed Price proposed to list at BSE SME.

 Dar Credit IPOEssex Marine IPO
LogoDar Credit IPO LogoEssex Marine IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Khandwala Securities Ltd.
RegistrarKfin Technologies Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSMC Global Securities Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Dar Credit IPO is up to ₹24.36 Cr whereas the issue size of the Essex Marine IPO is up to ₹21.86 Cr. The final issue price of Dar Credit IPO is ₹60.00 per share and of Essex Marine IPO is ₹54.00 per share.

 Dar Credit IPOEssex Marine IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹57.00 per share
Issue Price (Upper)₹60.00 per share
Issue Price (Final)₹60.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size40,60,000 shares40,48,000 shares
Fresh Issue Size (Amount)up to ₹24.36 Crup to ₹21.86 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total40,60,000 shares40,48,000 shares
Issue Size Total (Amount)up to ₹24.36 Crup to ₹21.86 Cr

IPO Timetable

Dar Credit IPO opens on May 21, 2025, while Essex Marine IPO opens on Aug 04, 2025. The closing date of Dar Credit IPO and Essex Marine IPO is May 23, 2025, and Aug 06, 2025, respectively.

 Dar Credit IPOEssex Marine IPO
Anchor Bid DateMay 20, 2025
Issue OpenMay 21, 2025Aug 04, 2025
Issue CloseMay 23, 2025Aug 06, 2025
Basis Of Allotment (Tentative)May 26, 2025Aug 07, 2025
Initiation of Refunds (Tentative)May 27, 2025Aug 08, 2025
Credit of Share (Tentative)May 27, 2025Aug 08, 2025
Listing date (Tentative)May 28, 2025Aug 11, 2025
Anchor Lockin End date 1Jun 25, 2025
Anchor Lockin End date 2Aug 24, 2025

Financials & KPIs

Dar Credit IPO P/E ratio is 15.12, as compared to Essex Marine IPO P/E ratio of 12.73.

 Dar Credit IPOEssex Marine IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 202431 Mar 202431 Mar 2023
Assets221.60235.82187.27
Total Income31.0333.0125.57
Profit After Tax4.923.972.93
NET Worth69.6765.2561.78
Reserves and Surplus60.5256.1052.63
Total Borrowing145.89165.58120.45
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets49.0934.2640.99
Total Income39.9321.1123.59
Profit After Tax4.671.822.03
EBITDA9.444.996.01
NET Worth17.6813.0111.19
Reserves and Surplus6.687.515.69
Total Borrowing23.9016.0819.34
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.4799.99
Promoter Shareholding (Post-Issue)68.9872.08
P/E Ratio15.1212.73
Market Cap₹85.66 Cr.₹82.41 Cr.
ROE6.1730.40
ROCE9.2218.87
Debt/Equity2.512.40
EPS₹3.97₹4.24
RoNW6.0826.39

Shares Offered

In the Dar Credit IPO Retail Individual Investors (RII) are offered 14,22,000 shares while in Essex Marine IPO retail investors are offered 14,22,000 shares. Qualified Institutional Buyers (QIB) are offered 8,12,000 shares in Dar Credit IPO and 0 shares in Essex Marine IPO.

 Dar Credit IPOEssex Marine IPO
Anchor Investor Reservation12,16,000 shares
Market Maker Reservation2,16,000 shares2,14,000 shares
QIB8,12,000 shares0 shares
NII6,10,000 shares20,24,000 shares
RII14,22,000 shares20,24,000 shares
Employee0 shares0 shares
Others
Total40,60,000 shares40,48,000 shares

Bids Received (Subscription)

Dar Credit IPO subscribed 74.31x in total, whereas Essex Marine IPO subscribed 2.91x.

 Dar Credit IPOEssex Marine IPO
QIB (times)31.29x
NII (times)208.45x0.87x
Big NII (times)
Small NII (times)
RII (times)104.88x4.95x
Employee (times)
Other (times)
Total (times)74.31x2.91x

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Compare:

Dar Credit IPO Vs Essex Marine IPO