{"id":57253,"date":"2025-12-23T18:09:52","date_gmt":"2025-12-23T12:39:52","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=57253"},"modified":"2025-12-23T18:10:13","modified_gmt":"2025-12-23T12:40:13","slug":"dhara-rail-projects-ipo-subscription-day-1","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-subscription-day-1\/","title":{"rendered":"Dhara Rail Projects IPO Subscription Day 1"},"content":{"rendered":"<p>Here, the Dhara Rail Projects IPO launched on 23rd December 2025. Bidding for the issue will close today, 31st December 2025. The primary aim of the <strong>Dhara Rail Projects IPO<\/strong> is to raise \u20b950.20 crores from the market. Also, the Dhara Rail Projects IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Dhara Rail Projects IPO subscription and details.&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-subscription-day-1\/#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-subscription-day-1\/#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-3\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-subscription-day-1\/#Dhara_Rail_Projects_IPO_GMP_Today\" title=\"Dhara Rail Projects IPO GMP Today\">Dhara Rail Projects IPO GMP Today<\/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-subscription-day-1\/#About_Dhara_Rail_Projects_Ltd\" title=\"About Dhara Rail Projects Ltd.\">About Dhara Rail Projects Ltd.<\/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-subscription-day-1\/#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-6\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-subscription-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-7\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-subscription-day-1\/#Technical_Indicators\" title=\"Technical Indicators\">Technical Indicators<\/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-subscription-day-1\/#Dhara_Rail_Projects_IPO_Listing_Expectations\" title=\"Dhara Rail Projects IPO Listing Expectations\">Dhara Rail Projects IPO Listing Expectations<\/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-subscription-day-1\/#Dhara_Rail_Projects_IPO_Dates\" title=\"Dhara Rail Projects IPO Dates\">Dhara Rail Projects IPO Dates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/dhara-rail-projects-ipo-subscription-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_Details\"><\/span><strong>Dhara Rail Projects IPO Details&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Open Date<\/strong><\/td><td>23rd December 2025<\/td><\/tr><tr><td><strong>Face Value&nbsp;<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Price Band<\/strong><\/td><td>\u20b9120 to \u20b9126 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>1,000 Shares<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding Issue<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>NSE &amp; SME<\/td><\/tr><tr><td><strong>IPO Close Date&nbsp;<\/strong><\/td><td>26th December 2025<\/td><\/tr><tr><td><strong>Listing Date&nbsp;<\/strong><\/td><td>31st December 2025<\/td><\/tr><\/tbody><\/table><\/figure><p>The price band for Riddhi Display Equipment&#8217;s IPO has been set at \u20b9120 to \u20b9126 per share, and a total of 39,84,000 shares are being issued. Let&#8217;s segregate the share quota fixed for different categories of investors.&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_Subscription_Status\"><\/span><strong>Dhara Rail Projects IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the Dhara Rail Projects IPO has been subscribed to 2.43 times. Of these, 1.39 times are subscribed by retail investors, 2.06 times by non-institutional investors, and 4.55 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of Dhara Rail Projects&#8217; IPO listing on 31st December 2025. Dhara Rail Projects also has a positive outlook behind the fresh issue of 0.40 crore shares, which will raise around Rs 50.20 crores.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_GMP_Today\"><\/span><strong>Dhara Rail Projects IPO GMP Today<\/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\/23180851\/Dhara-Rail-Projects-IPO-GMP-1024x536.jpg\" alt=\"Dhara Rail Projects IPO GMP\n\" class=\"wp-image-57255\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>We know that higher subscription levels drive grey-market premiums for IPOs. Let\u2019s explore the Dhara Rail Projects IPO GMP for 23rd December 2025.&nbsp;<\/p><p>The grey market premium for this IPO has surged to 11.90% or Rs 15.00 per share. It indicates that the estimated listing price per share is Rs 141.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment&#8217;s IPO. These include higher subscription rates, favourable market sentiment, and investors&#8217; positive attitude towards IPOs.&nbsp;<\/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><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Dhara_Rail_Projects_Ltd\"><\/span><strong>About Dhara Rail Projects Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><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=\"Technical_Indicators\"><\/span><strong>Technical Indicators<\/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 technical aspects 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)<\/strong><\/a><strong>&nbsp;<\/strong><\/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><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/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><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_Listing_Expectations\"><\/span><strong>Dhara Rail Projects IPO Listing Expectations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Dhara Rail Projects IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 11.90% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 141.<\/p><p>It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts\u2019 top long-term recommendation.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dhara_Rail_Projects_IPO_Dates\"><\/span><strong>Dhara Rail Projects IPO Dates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><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>Allotment<\/strong><\/td><td>29th December 2025<\/td><\/tr><tr><td><strong>Refund Date<\/strong><\/td><td>30th December 2025<\/td><\/tr><tr><td><strong>IPO Listing Date<\/strong><\/td><td>31st December 2025<\/td><\/tr><\/tbody><\/table><\/figure><p><strong>Note<\/strong>: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.<\/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\/iicodex-publishing-solutions-ipo-gmp\">Icodex Publishing Solutions IPO GMP: Day 1 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bluestone-jewellery-ipo-gmp\">Bluestone Jewellery IPO GMP: Day 1 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/highway-infrastructure-ipo-listing-preview\">Highway Infrastructure IPO Listing Preview: What to Expect Now in 2025?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/concord-biotech-q1-results-fy26\">Concord Biotech Q1 Results FY26: Q1 PAT Falls 26.07% to \u20b944.06 Crore; Revenue Down 5.47% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/action-construction-equipment-q1-results-fy26\">Action Construction Equipment Q1 Results FY26: Q1 PAT Rises 16.08% to \u20b997.72 Crore; Revenue Down 11.19% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/sawaliya-foods-products-ipo-allotment-status\">Sawaliya Foods Products IPO Allotment Status Check Online: GMP, Subscription, Price, and More<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/jsw-cement-ipo-allotment-status\">Dhara Rail Projects IPO Allotment Status Check Online: GMP, Subscription, Price, and More<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/mahendra-realtors-ipo\">Mahendra Realtors IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/regaal-resources-ipo\">Regaal Resources IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/icodex-publishing-solutions-ipo\">Icodex Publishing Solutions IPO GMP &amp; Review: Apply or Avoid?<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Here, the Dhara Rail Projects IPO launched on 23rd December 2025. Bidding for the issue will close today, 31st December 2025. The primary aim of the Dhara Rail Projects IPO is to raise \u20b950.20 crores from the market. Also, the Dhara Rail Projects IPO has received an impressive level of subscription, indicating that the shares<\/p>\n","protected":false},"author":23,"featured_media":57254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[3726],"class_list":["post-57253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-dhara-rail-projects-ipo-subscription"],"metadata":{"_edit_lock":["1766493613:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:79:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Dhara-Rail-Projects-IPO-GMP.jpg\";a:2:{s:2:\"id\";i:57255;s:11:\"source_type\";s:13:\"media-library\";}s:88:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2025\/12\/Dhara-Rail-Projects-IPO-GMP-1024x536.jpg\";a:2:{s:2:\"id\";i:57255;s:11:\"source_type\";s:13:\"media-library\";}s:111:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP.jpg\";a:2:{s:2:\"id\";i:57255;s:11:\"source_type\";s:13:\"media-library\";}s:120:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2025\/12\/23180851\/Dhara-Rail-Projects-IPO-GMP-1024x536.jpg\";a:2:{s:2:\"id\";i:57255;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["79"],"rank_math_title":["Dhara Rail Projects IPO Subscription Status Day 1: Check Online"],"rank_math_description":["Check the Dhara Rail Projects IPO subscription status online and also get live GMP details and reviews to anticipate the listing gains. 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