{"id":57237,"date":"2025-12-23T16:36:35","date_gmt":"2025-12-23T11:06:35","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=57237"},"modified":"2025-12-23T16:37:00","modified_gmt":"2025-12-23T11:07:00","slug":"dhara-rail-projects-ipo-gmp-day-1","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-day-1\/","title":{"rendered":"Dhara Rail Projects IPO GMP: Day 1 IPO Live Updates"},"content":{"rendered":"<p>The <strong>Dhara Rail Projects IPO GMP <\/strong>is \u20b915 as of 23rd December 2025. It is a book-building issue IPO of \u20b950.20 crores. This is 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. The face value of&nbsp; Dhara Rail Projects IPO shares is \u20b910 per share, and the IPO price band is \u20b9120 to \u20b9126 per share. Retail investors can bid for a minimum of 2 lots of 2,000 shares worth \u20b92,52,000<\/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-day-1\/#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-2\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-day-1\/#Dhara_Rail_Projects_IPO_Details\" title=\"Dhara Rail Projects IPO Details\">Dhara Rail Projects IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-day-1\/#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-4\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-day-1\/#Dhara_Rail_Projects_IPO_Objectives\" title=\"Dhara Rail Projects IPO Objectives\">Dhara Rail Projects IPO Objectives<\/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-day-1\/#Dhara_Rail_Projects_IPO_Registrar\" title=\"Dhara Rail Projects IPO Registrar\">Dhara Rail Projects IPO Registrar<\/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-day-1\/#Dhara_Rail_Projects_IPO_Review\" title=\"Dhara Rail Projects IPO Review\">Dhara Rail Projects IPO Review<\/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-day-1\/#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-8\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-day-1\/#What_is_the_Dhara_Rail_Projects_IPO_GMP\" title=\"What is the Dhara Rail Projects IPO GMP?\">What is the Dhara Rail Projects IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-day-1\/#What_is_the_issue_price_of_Dhara_Rail_Projects_IPO\" title=\"What is the issue price of Dhara Rail Projects IPO?\">What is the issue price of 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-10\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-gmp-day-1\/#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><\/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-day-1\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<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>As mentioned earlier, the <strong>Dhara Rail Projects IPO GMP <\/strong>currently stands at \u20b912.00 per share. Thus, the estimated listing price would be flat at \u20b9232.00. This indicates that the estimated listing gain in this IPO could be 5.45%. Explore the table for Riddhi Display Equipment <strong>IPO GMP<\/strong> updates.<\/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>23-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b915.00<\/td><td>\u20b9141.00<\/td><td>11.90%<\/td><\/tr><tr><td><strong>22-12-2025<\/strong><\/td><td>\u20b9126.00<\/td><td>\u20b912.00<\/td><td>\u20b9138.00<\/td><td>9.52%<\/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><em>Note: GMP details are subject to change based on market conditions and fluctuations. Check live Dhara Rail Projects IPO GMP status at Univest.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_Details\"><\/span><strong>Dhara Rail Projects IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><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><p><strong><em>Also Read: <\/em><\/strong><a href=\"https:\/\/univest.in\/blogs\/marc-technocrats-ipo-gmp\"><strong><em>Dhara Rail Projects IPO GMP &amp; Review: Apply or Avoid?<\/em><\/strong><\/a><\/p><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><strong>Dhara Rail Projects IPO<\/strong>: Dhara Rail Projects IPO Limited has declared an issue price band of \u20b9120 to \u20b9126 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,000 shares, each worth \u20b92,52,000. The face value of Dhara Rail Projects IPO Limited shares is \u20b910 per share. The shares of Dhara Rail Projects IPO Limited will be listed on NSE and SME on its tentative listing day, 31st December 2025. Scroll down to check GMP updates and <strong>Dhara Rail Projects IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_Objectives\"><\/span><strong>Dhara Rail Projects IPO Objectives<\/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=\"Dhara_Rail_Projects_IPO_Registrar\"><\/span><strong>Dhara Rail Projects IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>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><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_Review\"><\/span><strong>Dhara Rail Projects IPO 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\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-1024x536.jpg\" alt=\"Apply For Dhara Rail Projects IPO\n \" class=\"wp-image-57239\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Dhara Rail Projects IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. 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. Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Dhara Rail Projects IPO <\/strong>or not.<\/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=\"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=\"What_is_the_Dhara_Rail_Projects_IPO_GMP\"><\/span><strong>What is the Dhara Rail Projects IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 23rd December 2025, the <strong>Dhara Rail Projects IPO GMP<\/strong> (Grey Market Premium) stands at \u20b915. This indicates that the estimated listing price could be \u20b9141.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_Dhara_Rail_Projects_IPO\"><\/span><strong>What is the issue price of Dhara Rail Projects IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>Dhara Rail Projects IPO<\/strong> issue price band is set at \u20b9120.00 to \u20b9126.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth \u20b92,52,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth \u20b93,78,000.<\/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>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><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=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/ravelcare-ipo-gmp-day-3\">Ravelcare IPO GMP: Day 3 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/astron-multigrain-ipo-subscription-day-2\">Astron Multigrain IPO Subscription Day 2<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/astron-multigrain-ipo-gmp-day-2\">Astron Multigrain IPO GMP: Day 2 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/invicta-diagnostic-ipo-subscription-day-2\">Invicta Diagnostic IPO Subscription Day 2<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/invicta-diagnostic-ipo-gmp-day-2\">Invicta Diagnostic IPO GMP: Day 2 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/luxury-time-ipo-gmp-review\">Dhara Rail Projects&nbsp; IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Dhara Rail Projects IPO GMP is \u20b915 as of 23rd December 2025. It is a book-building issue IPO of \u20b950.20 crores. This is 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. The face value of&nbsp; Dhara Rail<\/p>\n","protected":false},"author":23,"featured_media":57238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[3717],"class_list":["post-57237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-dhara-rail-projects-ipo-gmp"],"metadata":{"_edit_lock":["1766488020:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:90:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Dhara-Rail-Projects-IPO-Apply-or-Avoid.jpg\";a:2:{s:2:\"id\";i:57239;s:11:\"source_type\";s:13:\"media-library\";}s:99:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-1024x536.jpg\";a:2:{s:2:\"id\";i:57239;s:11:\"source_type\";s:13:\"media-library\";}s:122:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid.jpg\";a:2:{s:2:\"id\";i:57239;s:11:\"source_type\";s:13:\"media-library\";}s:131:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23163502\/Dhara-Rail-Projects-IPO-Apply-or-Avoid-1024x536.jpg\";a:2:{s:2:\"id\";i:57239;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["77"],"rank_math_title":["Dhara Rail Projects IPO GMP Day 1"],"rank_math_description":["Dhara Rail Projects IPO GMP status. 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