New Delhi, May 23 -- The Rs.26 crore SME initial public offer (IPO) of Dar Credit and Capital, which opened for subscription on May 21, closed today.

Dar Credit and Capital IPO recorded blockbuster subscription numbers, with the issue garnering over 100 times bids at the end of the three-day bidding period amid strong retail and HNI demand. Strong grey market premium (GMP) also supported the demand for the IPO in the primary market.

Dar Credit and Capital IPO was subscribed 106.09 times at the end of the three-day bidding process, as the issue received bids for 30,17,06,000 shares as against 28,44,000 shares on offer.

The public issue subscribed 104.88 times in the retail category, 31.29 times in qualified institutional buyers' (QIB) c...