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Listed

smeNSE SME

Dhara Rail Projects

IPO GMP Today

₹0.00

Last updated: 2 Jan 2026 12:03 am

Dhara Rail Projects IPO Subscription Details
LIVE
Last Updated: 2 Jan 2026 12:03 am
QIB71.30x
NII199.77x
bNII238.21x
sNII122.87x
Total111.98x

Overall Subscription Details: No of Apps.: 83088 | 111.98 times

Open

Dec 23, 2025

Close

Dec 26, 2025

BOA

TBA

Refunds

TBA

Listing

TBA

Dhara Rail Projects Issue Details

Pricing & Lot

Price Band

₹120-126

Face Value

₹10 Per Equity Share

Lot Size

TBA

Managers & Listing

Listing At

NSE SME

Lead Managers

Hem Securities Ltd.

Registrar

Bigshare Services Pvt.Ltd.

Issue Size

39,84,000 shares(aggregating up to ₹50.2 crore)

Dhara Rail Projects IPO Reservation
Dhara Rail Projects IPO offers total 3984000 shares. Out of which 756000 (18.98%) allocated to QIB, 567000 (14.23%) allocated to NII,1324000 (33.23%) allocated to RII, NA (NA%) allocated to employees and 1133000 (28.44%) allocated to Anchor investors.
Investor CategoryShares OfferedPercentage
Anchor Investor Shares Offered1133000 (28.44%)28.44%
Market Maker Shares Offered204000 (5.12%)5.12%
QIB Shares Offered756000 (18.98%)18.98%
NII (HNI) Shares Offered567000 (14.23%)14.23%
bNII > ₹10L378000 (9.39%)9.39%
sNII < ₹10L189000 (4.85%)4.85%
Individual Shares Offered1324000 (33.23%)33.23%
Total Shares Offered3984000 (100%)100.00%
GMP & Listing Expectation

GMP (per share)

0.00

Est. Listing Price

126.00

Total Listing Gain (per lot)

0.00

Grey Market Premium (GMP) is an unofficial market indicator. It reflects the premium investors are willing to pay over the issue price before listing. This is not a guaranteed return and can change rapidly.

Valuations
EPS (Pre IPO)₹/-
EPS (Post IPO)₹/-
Price to Book Value10.85
Market Cap190.06 Cr.
Dhara Rail Projects IPO – FAQs

The Dhara Rail Projects is a 39,84,000 shares(aggregating up to ₹50.2 crore) initial public offering. Incorporated in 2010, Dhara Rail Projects Ltd is an ISO 9001:2015 certified company that offers various services like an... You can learn more about what an IPO is in our beginner-friendly guide.

About Dhara Rail Projects

Incorporated in 2010, Dhara Rail Projects Ltd is an ISO 9001:2015 certified company that offers various services like annual maintenance contracts and repair services for railway rolling stock systems. The key services that are included in the package are: AMC and repairs of the train lighting systems across all types of trains including Vande Bharat. AMC and repairs for Overhead Equipment (OHE) maintenance vehicles (Tower Wagons). AMC and repairs of Power Car equipment and HVAC systems of trains. SITC of Electrical Equipment for all types of Rolling Stocks. Outsourced services involving coach operations, troubleshooting. Basically, it undertakes tender participation or partnering with OEMs with the Ministry of Railways, Government of India.

Dhara Rail Projects Financials
(₹ in crore)
Company Details

Name

Dhara Rail Projects

Registrar Contact Details

GainIPO data last updated: 01 Jan 2026, 06:33 PM IST

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.

Disclaimer: All information on GAINIPO is for educational purposes only and is not investment advice. Please consult a SEBI-registered financial advisor before making any decisions. We are not liable for any financial losses.