Dhara Rail Projects Limited IPO
BBSMENSEListed
Listed at
150
+19.05%
Dhara Rail Projects Limited IPO is a SME book building 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. Allotment on 23 Dec 2025. Listing on 23 Dec 2025 at NSE. Managed by Hem Securities Ltd. Registrar: Bigshare Services Pvt Ltd. Key details for GMP, subscription, price, allotment, and listing in one place.
Dhara Rail Projects Limited IPO overview
Dhara Rail Projects Limited IPO Key figures
Price band, lot, minimum application, and issue window at a glance.
Price band
₹120 to ₹126
Lot size
1000 shares / lot
Min investment
₹2,52,000
Issue open – close
23 Dec 2025 → 26 Dec 2025
Dhara Rail Projects Limited IPO important dates
Issue Opens
23 Dec 2025
Issue Closes
26 Dec 2025
Allotment
23 Dec 2025
Listing
23 Dec 2025
Dhara Rail Projects Limited IPO lot size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,78,000 |
| S-HNI (UPI) | 3 | 3,000 | ₹3,78,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,08,000 |
Cut‑off within the price band is set after book‑building when applicable. SME issues often require at least two lots; mainboard retail typically bids one lot at cut‑off.
Quick Profit Calculator for Dhara Rail Projects Limited IPO
Pre-filled: Issue Price = ₹126, Lot Size = 1,000 shares, Listing Price = ₹150
| Category | Lots | Investment | At listing | Profit |
|---|---|---|---|---|
| Retail (Min) | 2 | ₹2,52,000 | ₹150 | +₹48,000 |
| S-HNI (Min) | 3 | ₹3,78,000 | ₹150 | +₹72,000 |
| S-HNI (UPI) | 3 | ₹3,78,000 | ₹150 | +₹72,000 |
| S-HNI (Max) | 7 | ₹8,82,000 | ₹150 | +₹1,68,000 |
| B-HNI (Min) | 8 | ₹10,08,000 | ₹150 | +₹1,92,000 |
Profit based on the official listing price for each investor category.
About Dhara Rail Projects Limited IPO
From the company / RHP narrative.
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
Dhara Rail Projects Limited IPO Issue Objective
How the issuer plans to use IPO proceeds.
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
Dhara Rail Projects Limited IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.
What is Dhara Rail Projects Limited IPO?
Dhara Rail Projects Limited IPO is a public issue where the company offers its shares to investors through the stock exchange, allowing retail, HNI, and institutional participation.
What is the IPO price band of Dhara Rail Projects Limited IPO?
The IPO price band of Dhara Rail Projects Limited IPO is ₹₹120 to ₹126 per share, as mentioned in the issue details.
What is the minimum investment required for Dhara Rail Projects Limited IPO?
The minimum investment in Dhara Rail Projects Limited IPO is ₹2,52,000, based on the applicable lot size for retail investors.
What is the lot size of Dhara Rail Projects Limited IPO?
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.
What are the opening and closing dates of Dhara Rail Projects Limited IPO?
Dhara Rail Projects Limited IPO opens on 23 Dec 2025 and closes on 26 Dec 2025, as per the announced schedule.
What is Dhara Rail Projects Limited IPO subscription status?
Dhara Rail Projects Limited IPO subscription status shows the level of demand across retail, HNI, and institutional investor categories during the issue period.
What is Dhara Rail Projects Limited IPO GMP today?
Dhara Rail Projects Limited IPO GMP (Grey Market Premium) today is around ₹TBA, reflecting current grey market activity before listing.
Is Dhara Rail Projects Limited IPO GMP positive or negative?
Dhara Rail Projects Limited IPO GMP is currently subject to change, based on prevailing grey market trends. GMP may change over time.
What does Dhara Rail Projects Limited IPO GMP indicate for listing?
A positive Dhara Rail Projects Limited IPO GMP may indicate market interest ahead of listing, while actual listing performance depends on subscription response and market conditions.
When is Dhara Rail Projects Limited IPO listing date?
The expected listing date of Dhara Rail Projects Limited IPO is 23 Dec 2025, subject to completion of the allotment process.
Where can I check Dhara Rail Projects Limited IPO allotment status?
Dhara Rail Projects Limited IPO allotment status can be checked online once the allotment process is completed using application or PAN details.
Can Dhara Rail Projects Limited IPO subscription and GMP change before listing?
Yes, Dhara Rail Projects Limited IPO subscription figures and GMP may change during the issue period and before listing based on market activity.
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