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dhara rail projects limited
SMENSECLOSED

dhara rail projects limited IPO

DHARARAILISIN: INE2HJL01019
Listed at
150
19.05%

IPO Overview

Dhara rail projects limited IPO is a SME public issue offered through a Book Building issue with a total issue size of ₹50 Cr. The IPO price band is set at ₹120 to ₹126 per share, and retail investors can apply with a minimum investment of ₹2.52 L as per IPO guidelines.
The Dhara rail projects limited IPO opens on 23 Dec 2025 and closes on 26 Dec 2025. The IPO allotment is expected to be finalized on 23 Dec 2025, and the equity shares are proposed to be listed on NSE on 23 Dec 2025.
Investors can refer to the Dhara rail projects limited IPO RHP-DRHP for detailed information. The issue is managed by Hem Securities Ltd. as the book running lead manager, while Bigshare Services Pvt Ltd is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.

Price Band
₹120 to ₹126
Issue Size
50 Cr
Lot Size
1000Min 2 Lots
P/E Ratio
21.43x
Min Investment
₹2.52 L

About Company

Incorporated in 2010, Dhara Rail Projects Ltd is an ISO 9001:2015 certified company, providing various services like annual maintenance contracts, and repair services for railway rolling stock systems.
Key services:

AMC and repairs of 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 in trains.
Supply, Installation, Testing, and Commissioning (SITC) of electrical equipment for all types of rolling stock.
Outsourced services for coach operations and troubleshooting.

The company mainly works with the Ministry of Railways, Government of India, by participating in tenders or collaborating with OEMs.
Competitive Strengths:

Diversified order book of projects across India: Rs 14,409.81 lakhs as on Sep 29, 2025.
Revenue from multiple geographies
Assured quality services
Experienced senior management

Investment Objective

Repayment and/or pre-payment, in full or part, of borrowing availed by our Company
To Meet Working Capital Requirements of our Company
General Corporate Purpose

Important Dates

Issue Opens
23 Dec 2025
Issue Closes
26 Dec 2025
Allotment
23 Dec 2025
Listing
23 Dec 2025

Financial Performance

Loading chart...

IPO Lot Size

CategoryLotsSharesAmount
S-HNI (Min)22,000₹2,52,000
S-HNI (UPI)33,000₹3,78,000
S-HNI (Max)77,000₹8,82,000
B-HNI (Min)88,000₹10,08,000
RHP Document
DHRP Document

Issue Details

Issue Type
BB
Face Value
₹10
Lead Managers
Hem Securities Ltd.
Min Quantity
2,000
Company Promoters
Tejas Lalit MehtaJagruti Tejas MehtaDhara Tejas Mehta are the company promoters.
Website
https://drppl.com/
Email
cs@drppl.com
Phone
91-22-23865040
Address
Gala No. O, 196-K,
Girgaum Gaiwadi, Girgaum,
Mumbai, Maharashtra, 400004

Registrar

Registrar Name
Bigshare Services Pvt Ltd
Email
investor@bigshareonline.com
Phone
2262638200
Address
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website
https://ipo.bigshareonline.com/IPO_Status.html

Dhara rail projects limited IPO is a public issue in which the company offers its equity shares to investors through the stock exchange. The IPO allows retail investors, HNIs, and institutional investors to participate.

The IPO price band of Dhara rail projects limited IPO is ₹120 to ₹126 per share, as mentioned in the issue details.

The minimum investment in Dhara rail projects limited IPO is ₹252000, based on the minimum lot size applicable for retail investors.

The lot size of Dhara rail projects limited IPO is 1000 shares per lot, and applications must be made in multiples of this lot size.

Dhara rail projects limited IPO opens on 23 Dec 2025 and closes on 26 Dec 2025, as per the announced IPO schedule.

The Dhara rail projects limited IPO subscription status shows how many times the issue has been subscribed across retail, HNI, and institutional categories during the IPO period.

The Dhara rail projects limited IPO GMP (Grey Market Premium) today is around ₹undefined, reflecting current grey market activity before listing.

Dhara rail projects limited IPO GMP is currently negative, indicating prevailing sentiment in the grey market. GMP may change daily based on demand.

A positive Dhara rail projects limited IPO GMP may suggest potential listing interest, while actual listing performance depends on subscription levels and overall market conditions.

From a retail investor perspective, Dhara rail projects limited IPO is evaluated based on pricing, lot size, subscription trends, and market sentiment. Investors should assess these factors before applying.

The Dhara rail projects limited IPO listing date is expected to be 23 Dec 2025, subject to completion of allotment and exchange procedures.

The expected listing price of Dhara rail projects limited shares depends on demand, subscription response, GMP trends, and overall market sentiment at the time of listing.

Dhara rail projects limited IPO allotment status can be checked online once the allotment process is completed using PAN, application number, or DP ID details.

Dhara rail projects limited IPO is categorized as a SME IPO based on the exchange and issue structure.

Yes, Dhara rail projects limited IPO subscription figures and GMP may change during the issue period and before listing due to market activity and investor demand.