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IPO market
SME • NSE
Dhara Rail Projects IPO is a SME IPO. Issue size is 50 Cr. Price band is ₹120 to ₹126 per share. Minimum investment is ₹2.52 L. Lot size is 1000 shares. Open from 23 Dec 2025 to 26 Dec 2025. on 23 Dec 2025. Listing on 23 Dec 2025 at NSE. Lead manager: Hem Securities Ltd.. Key details for GMP, subscription, price, , and listing in one place.
Live IPO subscription for Dhara Rail Projects IPO across categories. Total demand ₹29.65 Cr vs offered ₹26.47 L.
| Category | Offered | Applied | Times |
|---|---|---|---|
| QII | 7,56,000 | 5,39,06,000 | 71.30 |
| NII | 5,67,000 | 11,32,77,000 | 199.78 |
| NII (>10L) | 3,78,000 | 9,00,45,000 | 238.21 |
| NII (<10L) | 1,89,000 | 2,32,32,000 | 122.92 |
| Retail | 13,24,000 | 12,93,00,000 | 97.66 |
| Total | 26,47,000 | 29,64,83,000 | 112.01 |
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNI (>10L) | 125 | 10,917 | 87.34 |
| HNI (3-10L) | 63 | 7,486 | 118.83 |
| Retail | 662 | 64,650 | 97.66 |
| Total | 850 | 83,053 | 97.71 |
How to read QIB / NII / Retail demand and what it implies.
