{"id":57151,"date":"2025-12-22T19:01:47","date_gmt":"2025-12-22T13:31:47","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=57151"},"modified":"2025-12-22T19:02:11","modified_gmt":"2025-12-22T13:32:11","slug":"dhara-rail-projects-ipo-gmp-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/","title":{"rendered":"Dhara Rail Projects IPO GMP &#038; Review: Apply or Avoid?"},"content":{"rendered":"<p><strong>Dhara Rail Projects IPO<\/strong> is open for bidding from 23rd December 2025 to 26th December 2025. It is a bookbuilding IPO of \u20b950.20 crore, an entirely fresh issue of 0.40 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 31st December 2025.&nbsp;<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Dhara_Rail_Projects_IPO_Details\" title=\"Dhara Rail Projects IPO Details&nbsp;\">Dhara Rail Projects IPO Details&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Dhara_Rail_Projects_IPO_Share_Reservation\" title=\"Dhara Rail Projects IPO Share Reservation\">Dhara Rail Projects IPO Share Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Dhara_Rail_Projects_IPO_GMP_Grey_Market_Premium\" title=\"Dhara Rail Projects IPO GMP Grey Market Premium\">Dhara Rail Projects IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Dhara_Rail_Projects_IPO_GMP_Review\" title=\"Dhara Rail Projects IPO GMP Review\">Dhara Rail Projects IPO GMP Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Financial_Health\" title=\"Financial Health\">Financial Health<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Technical_Analysis\" title=\"Technical Analysis\">Technical Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Dhara_Rail_Projects_IPO_Subscription_Status\" title=\"Dhara Rail Projects IPO Subscription Status\">Dhara Rail Projects IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#About_Dhara_Rail_Projects_Limited\" title=\"About Dhara Rail Projects Limited\">About Dhara Rail Projects Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Dhara_Rail_Projects_Limited_Financials\" title=\"Dhara Rail Projects Limited Financials\">Dhara Rail Projects Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Dhara_Rail_Projects_Limited_IPO_Promoter_Holdings\" title=\"Dhara Rail Projects Limited IPO Promoter Holdings\">Dhara Rail Projects Limited IPO Promoter Holdings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Aim_of_the_Dhara_Rail_Projects_IPO\" title=\"Aim of the Dhara Rail Projects IPO\">Aim of the Dhara Rail Projects IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Should_I_Invest_in_the_Dhara_Rail_Projects_IPO\" title=\"Should I Invest in the Dhara Rail Projects IPO?\">Should I Invest in the Dhara Rail Projects IPO?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Pros_of_the_Dhara_Rail_Projects_IPO\" title=\"Pros of the Dhara Rail Projects IPO\">Pros of the Dhara Rail Projects IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Cons_of_the_Dhara_Rail_Projects_IPO\" title=\"Cons of the Dhara Rail Projects IPO\">Cons of the Dhara Rail Projects IPO<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#How_to_Apply_for_the_Dhara_Rail_Projects_IPO\" title=\"How to Apply for the Dhara Rail Projects IPO?\">How to Apply for the Dhara Rail Projects IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#How_to_Check_the_Dhara_Rail_Projects_IPO_Allotment_Status\" title=\"How to Check the Dhara Rail Projects IPO Allotment Status?\">How to Check the Dhara Rail Projects IPO Allotment Status?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Check_On_NSE\" title=\"Check On NSE\">Check On NSE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Check_On_the_Registrar_Portal\" title=\"Check On the Registrar Portal\">Check On the Registrar Portal<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Lets_Wrap\" title=\"Let\u2019s Wrap\">Let\u2019s Wrap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#FAQs_on_Dhara_Rail_Projects_IPO\" title=\"FAQs on Dhara Rail Projects IPO\">FAQs on Dhara Rail Projects IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#How_is_the_Dhara_Rail_Projects_IPO\" title=\"How is the Dhara Rail Projects IPO?\">How is the Dhara Rail Projects IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#What_is_the_Dhara_Rail_Projects_IPO_price\" title=\"What is the Dhara Rail Projects IPO price?\">What is the Dhara Rail Projects IPO price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Is_the_Dhara_Rail_Projects_IPO_a_good_investment\" title=\"Is the Dhara Rail Projects IPO a good investment?\">Is the Dhara Rail Projects IPO a good investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Who_is_the_registrar_of_the_Dhara_Rail_Projects_IPO\" title=\"Who is the registrar of the Dhara Rail Projects IPO?\">Who is the registrar of the Dhara Rail Projects IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#What_is_the_issue_size_of_the_Dhara_Rail_Projects_IPO\" title=\"What is the issue size of the Dhara Rail Projects IPO?&nbsp;\">What is the issue size of the Dhara Rail Projects IPO?&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Upcoming_IPOs\" title=\"Upcoming IPOs\">Upcoming IPOs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Current_Previous_IPOs\" title=\"Current &amp; Previous IPOs\">Current &amp; Previous IPOs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Read_Our_Articles_on_the_Best_Stocks\" title=\"Read Our Articles on the Best Stocks\">Read Our Articles on the Best Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Also_Explore\" title=\"Also Explore\">Also Explore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Univest_Screeners\" title=\"Univest Screeners\">Univest Screeners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-review\/#Explore_Webstories_on_Univest\" title=\"Explore Webstories on Univest&nbsp;\">Explore Webstories on Univest&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_Details\"><\/span><strong>Dhara Rail Projects IPO Details&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The <strong>Dhara Rail Projects IPO<\/strong> date is fixed between 23rd December 2025 and 26th December 2025. The face value of Dhara Rail Projects shares stands at \u20b910 per share, and the IPO Issue price band is set at \u20b9120 to \u20b9126 per share<\/p><p>Bigshare Services Private Limited is the registrar of the <strong>Dhara Rail Projects IPO <\/strong>and is responsible for managing the allotment process and initiating refunds. Check out the latest <a href=\"https:\/\/univest.in\/blogs\/what-is-an-ipo\">IPO<\/a> details in the table below.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>29th December 2025<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>23rd December 2025<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>26th December 2025<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>30th December 2025<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>39,84,000 shares(agg. up to \u20b950 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>1,000 Shares<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b9120 to \u20b9126 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>NSE SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>31st December 2025<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_Share_Reservation\"><\/span><strong>Dhara Rail Projects IPO Share Reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Riddhi Display Equipment&#8217;s IPO <\/strong>is a bookbuilding IPO issue of 0.40 crore worth \u20b950.20 crores. Dhara Rail Projects IPO Limited shares will be listed on the NSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Investor Categories<\/strong><\/td><td><strong>Shares Offered&nbsp;<\/strong><\/td><td><strong>Shares Percentage<\/strong><\/td><\/tr><tr><td><strong>Market Maker Shares Offered<\/strong><\/td><td>2,04,000<\/td><td>5.12%<\/td><\/tr><tr><td><strong>QIB shares offered<\/strong><\/td><td>18,89,000<\/td><td>47.41%<\/td><\/tr><tr><td><strong>NII (HNI) Shares Offered<\/strong><\/td><td>5,67,000<\/td><td>14.23%<\/td><\/tr><tr><td><strong>Retail Shares Offered<\/strong><\/td><td>13,24,000<\/td><td>33.23%<\/td><\/tr><tr><td><strong>Total Shares Offered&nbsp;<\/strong><\/td><td>39,84,000<\/td><td>100.00%<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Dhara Rail Projects IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the <strong>Dhara Rail Projects IPO<\/strong>? If yes, then you\u2019ve reached the right spot. Check the table below to learn about the GMP trends.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>25-12-2025<\/strong><\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><\/tr><tr><td><strong>24-12-2025<\/strong><\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>&#8211;<\/td><\/tr><tr><td><strong>23-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b98.00<\/td><td>\u20b9134.00<\/td><td>6.35%<\/td><\/tr><tr><td><strong>22-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b98.00<\/td><td>\u20b9134.00<\/td><td>6.35%<\/td><\/tr><tr><td><strong>21-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b98.00<\/td><td>\u20b9134.00<\/td><td>6.35%<\/td><\/tr><tr><td><strong>20-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b90.00<\/td><td>\u20b9126.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>19-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b90.00<\/td><td>\u20b9126.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>18-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b90.00<\/td><td>\u20b9126.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>17-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b90.00<\/td><td>\u20b9126.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>16-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b90.00<\/td><td>\u20b9126.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>15-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b90.00<\/td><td>\u20b9126.00<\/td><td>0.00%<\/td><\/tr><\/tbody><\/table><\/figure><p>As of 23rd December 2025, <strong>Dhara Rail Projects IPO GMP<\/strong> stands at \u20b98 per share, which means the share will likely show a listing at \u20b9134.00 on its tentative listing date, 31st December 2025.<\/p><p>GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the <strong>Dhara Rail Projects IPO GMP<\/strong>. Stay informed with Univest for real-time insights into IPOs and their GMP trends.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_GMP_Review\"><\/span><strong>Dhara Rail Projects IPO GMP Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review-1024x536.jpg\" alt=\"Dhara Rail Projects IPO GMP Review\n\" class=\"wp-image-57153\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Check out the detailed <strong>Dhara Rail Projects GMP IPO <\/strong>review<strong> <\/strong>for a thorough understanding of its potential to report listing gains on 31st December 2025. The Dhara Rail Projects IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Health\"><\/span><strong>Financial Health<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Assess a company&#8217;s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business&#8217;s economic growth and decline before applying for the Dhara Rail Projects IPO.<\/p><p>Dhara Rail Projects Limited&#8217;s revenue increased by 40% from \u20b934.23 crores in March 2024&nbsp; to \u20b948.00 crores in March 2025. Moreover, the company&#8217;s PAT increased by 120% from \u20b92.97 crores in March 2024 to \u20b96.53 crores in March 2025.<\/p><p>Dhara Rail Projects&#8217; IPO has shown consistent revenue growth, indicating the company&#8217;s financial stability. Moreover, the brokers, investors, and RAs have a positive outlook for the <strong>Dhara Rail Projects IPO <\/strong>for its tentative listing day, which is 31st December 2025.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Analysis\"><\/span><strong>Technical Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Several technical indicators are available to assess a company&#8217;s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the <strong>Dhara Rail Projects IPO<\/strong>.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)&nbsp;<\/strong><\/a><\/td><td>21.43<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>5.88<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>50.66%<\/td><\/tr><tr><td><strong>ROCE<\/strong><\/td><td>25.59%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>67.85%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>11.88%<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>10.85<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b9190.06 Cr<\/td><\/tr><\/tbody><\/table><\/figure><p>The PE ratio of Dhara Rail Projects Limited shares is 21.43, and its Earnings Per Share (EPS) stands at 5.88. Thus, the <strong>Dhara Rail Projects IPO<\/strong> can deliver gains on its tentative listing date, 31st December 2025.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Dhara Rail Projects Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>21.43<\/td><td>13.45<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>5.88<\/td><td>9.37<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_Subscription_Status\"><\/span><strong>Dhara Rail Projects IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>The Dhara Rail Projects IPO<\/strong> is to be opened for bidding on 22nd December 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Dhara Rail Projects IPO Subscription Status.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Investor Categories<\/strong><\/td><td><strong>Shares Offered&nbsp;<\/strong><\/td><td><strong>Shares Percentage<\/strong><\/td><td><strong>Shares Subscribed<\/strong><\/td><td><strong>Subscription to the Times<\/strong><\/td><\/tr><tr><td><strong>Market Maker Shares Offered<\/strong><\/td><td>2,04,000<\/td><td>5.12%<\/td><td>Yet to be announced<\/td><td>Yet to be announced<\/td><\/tr><tr><td><strong>QIB shares offered<\/strong><\/td><td>18,89,000<\/td><td>47.41%<\/td><td>Yet to be announced<\/td><td>Yet to be announced<\/td><\/tr><tr><td><strong>NII (HNI) Shares Offered<\/strong><\/td><td>5,67,000<\/td><td>14.23%<\/td><td>Yet to be announced<\/td><td>Yet to be announced<\/td><\/tr><tr><td><strong>Retail Shares Offered<\/strong><\/td><td>13,24,000<\/td><td>33.23%<\/td><td>Yet to be announced<\/td><td>Yet to be announced<\/td><\/tr><tr><td><strong>Total Shares Offered&nbsp;<\/strong><\/td><td>39,84,000<\/td><td>100.00%<\/td><td>Yet to be announced<\/td><td>Yet to be announced<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Dhara_Rail_Projects_Limited\"><\/span><strong>About Dhara Rail Projects Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited-1024x536.jpg\" alt=\"Dhara Rail Projects Limited\n\" class=\"wp-image-57154\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Dhara Rail Projects was established in 2010. Dhara Rail Projects Ltd is an ISO 9001:2015-certified company providing various services, such as annual maintenance contracts and repair services for railway rolling stock systems.<\/p><p>Key services:<\/p><ul class=\"wp-block-list\"><li>AMC and repairs of train lighting systems across all types of trains, including Vande Bharat.<\/li>\n\n<li>AMC and repairs for Overhead Equipment (OHE) maintenance vehicles (Tower Wagons).<\/li>\n\n<li>AMC and repairs of Power Car equipment and HVAC systems in trains.<\/li>\n\n<li>Supply, Installation, Testing, and Commissioning (SITC) of electrical equipment for all types of rolling stock.<\/li>\n\n<li>Outsourced services for coach operations and troubleshooting.<\/li><\/ul><p>The company mainly works with the Ministry of Railways, Government of India, by participating in tenders or collaborating with OEMs.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_Limited_Financials\"><\/span><strong>Dhara Rail Projects Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> Dhara Rail Projects IPO. <\/strong>Look at the table to learn about Dhara Rail Projects Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>30th Sep 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024<\/strong><\/td><td><strong>31st March 2023<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>61.73<\/td><td>46.24<\/td><td>47.29<\/td><td>33.98<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>28.83<\/td><td>48.00<\/td><td>34.23<\/td><td>27.39<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>7.06<\/td><td>6.53<\/td><td>2.97<\/td><td>1.06<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>9.60<\/td><td>5.28<\/td><td>1.33<\/td><td>0.75<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>19.95<\/td><td>12.89<\/td><td>6.36<\/td><td>3.39<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>8.85<\/td><td>12.79<\/td><td>6.26<\/td><td>3.29<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>21.29<\/td><td>21.33<\/td><td>28.17<\/td><td>22.74<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Dhara Rail Projects Limited&#8217;s revenue increased by 40% from \u20b934.23 crores in March 2024&nbsp; to \u20b948.00 crores in March 2025. Moreover, the company&#8217;s PAT increased by 120% from \u20b92.97 crores in March 2024 to \u20b96.53 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_Limited_IPO_Promoter_Holdings\"><\/span><strong>Dhara Rail Projects Limited IPO Promoter Holdings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Have a look at the table below to check the holdings of Dhara Rail Projects Limited.<\/p><p>Mr Hitesh Kumar Singla, Mr Nikhil Singla, Mr Nitin Dixit, and Mr Anil Kumar Sharma.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Shareholding Pre-Issue<\/strong><\/td><td>98.33%<\/td><\/tr><tr><td><strong>Shareholding Post-Issue<\/strong><\/td><td>72.36%<\/td><\/tr><\/tbody><\/table><\/figure><p><strong><em>Note<\/em><\/strong><em>: <\/em><em>The value will be calculated using Equity Dilution = Share Holding Pre Issue &#8211; Share Holding Post Issue<\/em><em>.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aim_of_the_Dhara_Rail_Projects_IPO\"><\/span><strong>Aim of the Dhara Rail Projects IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Dhara Rail Projects IPO<\/strong> is to raise \u20b950.20 crores. On the other hand, Dhara Rail Projects has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>To Repayment and\/or pre-payment, in full or part, of borrowing availed by our Company<\/li>\n\n<li>To Meet the Working Capital Requirements of our Company<\/li>\n\n<li>To General Corporate Purpose<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Should_I_Invest_in_the_Dhara_Rail_Projects_IPO\"><\/span><strong>Should I Invest in the Dhara Rail Projects IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Explore the pros and cons of Dhara Rail Projects to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO\u2019s efficiency in delivering profits over the coming decades.&nbsp;<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pros_of_the_Dhara_Rail_Projects_IPO\"><\/span><strong><\/strong><strong>Pros of the Dhara Rail Projects IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>The company has a Diversified order book of projects across India, totalling Rs 14,409.81 lakhs as of Sep 29, 2025.<\/li>\n\n<li>The company has Revenue from multiple geographies<\/li>\n\n<li>The company has an Assured quality service<\/li><\/ul><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cons_of_the_Dhara_Rail_Projects_IPO\"><\/span><strong>Cons of the Dhara Rail Projects IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>The company has a high dependence on government contracts\u00a0<\/li>\n\n<li>The company has a competitive rendering environment\u00a0<\/li>\n\n<li>The company has a working capital intensity &amp; cash flow pressure<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Dhara_Rail_Projects_IPO\"><\/span><strong>How to Apply for the Dhara Rail Projects IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO-1024x536.jpg\" alt=\"Apply for the Dhara Rail Projects IPO\n\" class=\"wp-image-57155\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Check the steps mentioned below to apply for Dhara Rail Projects Ltd.<\/p><ul class=\"wp-block-list\"><li><strong>Step 1<\/strong>: Conduct thorough research on the Dhara Rail Projects IPO GMP, subscription status, issue size, lot size, and other details.\u00a0<\/li>\n\n<li><strong>Step 2<\/strong>: Open a <a href=\"https:\/\/univest.in\/blogs\/demat-account\"><strong>demat account <\/strong><\/a>with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.\u00a0<\/li>\n\n<li><strong>Step 3<\/strong>: Make a bid for 2 lot of 2,000 shares worth \u20b92,52,000<\/li>\n\n<li><strong>Step 4<\/strong>: You will receive a mandate request after making a bid. Approve the request to proceed further.\u00a0\u00a0\u00a0\u00a0<\/li><\/ul><p><strong><em>Note<\/em><\/strong><em>: You can apply for the Dhara Rail Projects IPO across multiple demat accounts to increase your chances of allotment.&nbsp;<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Check_the_Dhara_Rail_Projects_IPO_Allotment_Status\"><\/span><strong>How to Check the Dhara Rail Projects IPO Allotment Status?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>You can check for the Dhara Rail Projects IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Check_On_NSE\"><\/span><strong><\/strong><strong>Check On NSE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>Visit the <a href=\"https:\/\/www.nseindia.com\/\" rel=\"nofollow noopener\" target=\"_blank\">NSE Official Site<\/a><\/li>\n\n<li>Navigate to the IPO Allotment Section.\u00a0<\/li>\n\n<li>Select Equity as the issue type.\u00a0<\/li>\n\n<li>Choose the Dhara Rail Projects <strong>IPO<\/strong>.\u00a0\u00a0<\/li>\n\n<li>Choose whether to proceed with the PAN number or the application number.<\/li>\n\n<li>Submit your details to get the allotment status online.\u00a0<\/li><\/ul><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Check_On_the_Registrar_Portal\"><\/span><strong><\/strong><strong>Check On the Registrar Portal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>Visit the <a href=\"https:\/\/ipo.bigshareonline.com\/IPO_Status.html\" rel=\"nofollow noopener\" target=\"_blank\">registrar portal.<\/a><\/li>\n\n<li>Click on the allotment option.<\/li>\n\n<li>Fill in the required details.<\/li>\n\n<li>Click on the submit button to know your<strong> Dhara Rail Projects IPO<\/strong> allotment status.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lets_Wrap\"><\/span><strong>Let\u2019s Wrap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Dhara Rail Projects IPO <\/strong>is a bookbuilding issue of shares worth \u20b950.20 crores. The shares of Dhara Rail Projects Limited will be listed on NSE and SME on its tentative listing date of 31st December 2025. Researching the Dhara Rail Projects IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.<\/p><p><strong><em>Open a demat account on Univest now to initiate your investment journey!<\/em><\/strong><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Dhara_Rail_Projects_IPO\"><\/span><strong>FAQs on Dhara Rail Projects IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_is_the_Dhara_Rail_Projects_IPO\"><\/span><strong>How is the Dhara Rail Projects IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. Currently, on 23rd December 2025, the <strong>Dhara Rail Projects GMP<\/strong> (Grey Market Premium) stands at \u20b918. It indicates that the estimated listing price could be \u20b9134 per share. It is a bookbuilding IPO of \u20b950.20 shares. The face value of each Dhara Rail Projects share is \u20b910 per share.&nbsp;<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Dhara_Rail_Projects_IPO_price\"><\/span><strong>What is the Dhara Rail Projects IPO price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. The <strong>Dhara Rail Projects IPO<\/strong> issue price band is set at \u20b9120.00 to \u20b9126.00 per share.&nbsp;<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_the_Dhara_Rail_Projects_IPO_a_good_investment\"><\/span><strong>Is the Dhara Rail Projects IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. Dhara Rail Projects Limited&#8217;s revenue increased by 40% from \u20b934.23 crores in March 2024&nbsp; to \u20b948.00 crores in March 2025. Moreover, the company&#8217;s PAT increased by 120% from \u20b92.97 crores in March 2024 to \u20b96.53 crores in March 2025.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Dhara_Rail_Projects_IPO\"><\/span><strong>Who is the registrar of the Dhara Rail Projects IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. Bigshare Services Private Limited is the registrar for the Dhara Rail Projects IPO, awaiting to manage the allotment process and initiate refunds. For any queries regarding the Dhara Rail Projects allotment and refund, you can contact Maashitla Bigshare Services Private Limited at <a href=\"mailto:ipo@bigshareonline.com\">ipo@bigshareonline.com<\/a> or at&nbsp; +91-22-6263 8200.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_of_the_Dhara_Rail_Projects_IPO\"><\/span><strong>What is the issue size of the Dhara Rail Projects IPO?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ans. <strong>Dhara Rail Projects IPO<\/strong> is a bookbuilding IPO for \u20b950.20 shares. Moreover, the IPO is set to open on 23rd December 2025 and will be closed on 26th December 2025.&nbsp;<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Dhara Rail Projects IPO, download the Dhara Rail Projects IPO RHP and Dhara Rail Projects IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Upcoming_IPOs\"><\/span><strong>Upcoming IPOs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Names<\/strong><\/td><td><strong>Expected Year of IPO<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/phonepe-ipo\"><strong>PhonePe IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/bajaj-energy-ipo\"><strong>Bajaj Energy IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/oyo-ipo\"><strong>OYO IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/nsdl-ipo-gmp\"><strong>NSDL IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/flipkart-ipo\"><strong>Flipkart IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/zepto-ipo\"><strong>Zepto IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/boat-ipo-details\"><strong>Boat IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/meesho-ipo-gmp-review\"><strong>Meesho IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/jio-ipo\"><strong>Jio IPO<\/strong><\/a><\/td><td>2026<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/national-stock-exchange-nse-ipo\"><strong>NSE IPO<\/strong><\/a><\/td><td>2025<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Current_Previous_IPOs\"><\/span><strong>Current &amp; Previous IPOs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>IPO Open<\/strong><\/td><td><strong>IPO Close<\/strong><\/td><td><strong>Type<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/anthem-biosciences-ipo\">Anthem Biosciences Limited<\/a><\/td><td>14th July 2025<\/td><td>16th July 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/spunweb-nonwoven-ipo\">Spunweb Nonwoven Limited<\/a><\/td><td>14th July 2025<\/td><td>16th July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/smartworks-coworking-spaces-ipo\">Smartworks Coworking Spaces Limited<\/a><\/td><td>10th July 2025<\/td><td>14th July 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/stocks\/cff\/cff-fluid-control-ltd-share-price-today\">CFF Fluid Control Limited<\/a><\/td><td>9th July 2025<\/td><td>11th July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/stocks\/glen\/glen-industries-limited-share-price-today\">GLEN Industries Limited<\/a><\/td><td>8th July 2025<\/td><td>10th July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/stocks\/chemkart\/chemkart-india-limited-share-price-today\">Chemkart India Limited<\/a><\/td><td>7th July 2025<\/td><td>9th July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/travel-food-services-ipo-listing\">Travel Food Services Limited<\/a><\/td><td>7th July 2025<\/td><td>9th July 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/smarten-power-systems-ipo\">Smarten Power Systems Limited<\/a><\/td><td>7th July 2025<\/td><td>9th July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/meta-infotech-ipo\">Meta Infotech Limited<\/a><\/td><td>4th July 2025<\/td><td>8th July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/cryogenic-ogs-ipo-review-apply-or-avoid\">Cryogenic OGS Limited<\/a><\/td><td>3rd July 2025<\/td><td>7th July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/white-force-ipo\">Happy Square Outsourcing Services Limited<\/a><\/td><td>3rd July 2025<\/td><td>7th July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/crizac-ipo-review-apply-or-avoid\">Crizac Limited<\/a><\/td><td>3rd July 2025<\/td><td>7th July 2025<\/td><td>Mainboard<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/silky-overseas-ipo\">Silky Overseas Limited<\/a><\/td><td>30th June 2025<\/td><td>2nd July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/pushpa-jewellers-ipo\">Pushpa Jewellers Limited<\/a><\/td><td>30th June 2025<\/td><td>2nd July 2025<\/td><td>SME<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/cedaar-textile-ipo-gmp\">Cedaar Textile Limited<\/a><\/td><td>30th June 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class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explore_Webstories_on_Univest\"><\/span><strong>Explore Webstories on Univest&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/web-stories\/best-time-to-buy-dividend-stocks\/\">Best Time To Buy Dividend Stocks<\/a><\/p><p><a href=\"https:\/\/univest.in\/web-stories\/how-rbi-policies-affect-dividend-stocks\/\">How RBI Policies Affect Dividend Stocks<\/a><\/p><p><a href=\"https:\/\/univest.in\/web-stories\/can-dividend-stocks-beat-inflation\/\">Can Dividend Stocks Beat Inflation<\/a><\/p><p><a href=\"https:\/\/univest.in\/web-stories\/what-is-the-dividend-aristocrat-list\/\">What Is The Dividend Aristocrat List<\/a><\/p><p><a href=\"https:\/\/univest.in\/web-stories\/which-indian-psus-offer-the-best-dividends\/\">Which Indian Psus Offer The Best Dividends<\/a><\/p><p><a href=\"https:\/\/univest.in\/web-stories\/large-cap-vs-small-cap-dividend-stocks\/\">Large Cap Vs Small Cap Dividend Stocks<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Dhara Rail Projects IPO is open for bidding from 23rd December 2025 to 26th December 2025. It is a bookbuilding IPO of \u20b950.20 crore, an entirely fresh issue of 0.40 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 31st December 2025.&nbsp; Dhara Rail Projects IPO Details&nbsp; The<\/p>\n","protected":false},"author":23,"featured_media":57152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[3717],"class_list":["post-57151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-dhara-rail-projects-ipo-gmp"],"metadata":{"_edit_lock":["1766410332:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:12:{s:82:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Dhara-Rail-Projects-IPO-Review.jpg\";a:2:{s:2:\"id\";i:57153;s:11:\"source_type\";s:13:\"media-library\";}s:91:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Dhara-Rail-Projects-IPO-Review-1024x536.jpg\";a:2:{s:2:\"id\";i:57153;s:11:\"source_type\";s:13:\"media-library\";}s:114:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review.jpg\";a:2:{s:2:\"id\";i:57153;s:11:\"source_type\";s:13:\"media-library\";}s:123:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185628\/Dhara-Rail-Projects-IPO-Review-1024x536.jpg\";a:2:{s:2:\"id\";i:57153;s:11:\"source_type\";s:13:\"media-library\";}s:79:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Dhara-Rail-Projects-Limited.jpg\";a:2:{s:2:\"id\";i:57154;s:11:\"source_type\";s:13:\"media-library\";}s:88:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Dhara-Rail-Projects-Limited-1024x536.jpg\";a:2:{s:2:\"id\";i:57154;s:11:\"source_type\";s:13:\"media-library\";}s:111:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited.jpg\";a:2:{s:2:\"id\";i:57154;s:11:\"source_type\";s:13:\"media-library\";}s:120:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185657\/Dhara-Rail-Projects-Limited-1024x536.jpg\";a:2:{s:2:\"id\";i:57154;s:11:\"source_type\";s:13:\"media-library\";}s:85:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Apply-for-Dhara-Rail-Projects-IPO.jpg\";a:2:{s:2:\"id\";i:57155;s:11:\"source_type\";s:13:\"media-library\";}s:94:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Apply-for-Dhara-Rail-Projects-IPO-1024x536.jpg\";a:2:{s:2:\"id\";i:57155;s:11:\"source_type\";s:13:\"media-library\";}s:117:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO.jpg\";a:2:{s:2:\"id\";i:57155;s:11:\"source_type\";s:13:\"media-library\";}s:126:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/22185854\/Apply-for-Dhara-Rail-Projects-IPO-1024x536.jpg\";a:2:{s:2:\"id\";i:57155;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["92"],"rank_math_title":["Dhara Rail Projects IPO: Everything You Should Know About"],"rank_math_description":["Get Dhara Rail Projects IPO GMP, subscription details, price, lot size, and listing information. 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