New Delhi, May 28 -- Dar Credit and Capital IPO listing: Shares of the non-banking finance company Dar Credit and Capital were off to a steady start as the stock debuted at Rs.65.15 apiece on the NSE SME platform, a premium of 8.58% over the issue price of Rs.60.

However, immediately after listing, the stock witnessed a heavy selloff and was locked in the 5% lower circuit limit. As of 10.04 am, Dar Credit and Capital share price was at Rs.61.90 apiece, down 4.99% but still up 3.17% over the listing price.

The initial public offering (IPO) of Dar Credit and Capital had witnessed a massive demand, with the issue being subscribed 106.09 times at the end of the three-day bidding process.

The Rs.26 crore SME IPO was open for subscription fr...