Dhara Rail Projects IPO GMP: Day 1 IPO Live Updates

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Posted by : sachet | Tue Dec 23 2025

Dhara Rail Projects IPO GMP: Day 1 IPO Live Updates

The Dhara Rail Projects IPO GMP is ₹15 as of 23rd December 2025. It is a book-building issue IPO of ₹50.20 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 Dhara Rail Projects IPO shares is ₹10 per share, and the IPO price band is ₹120 to ₹126 per share. Retail investors can bid for a minimum of 2 lots of 2,000 shares worth ₹2,52,000

Table of Contents

Dhara Rail Projects IPO GMP Grey Market Premium

As mentioned earlier, the Dhara Rail Projects IPO GMP currently stands at ₹12.00 per share. Thus, the estimated listing price would be flat at ₹232.00. This indicates that the estimated listing gain in this IPO could be 5.45%. Explore the table for Riddhi Display Equipment IPO GMP updates.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
23-12-2025	₹126.00	₹15.00	₹141.00	11.90%
22-12-2025	₹126.00	₹12.00	₹138.00	9.52%
21-12-2025	₹126.00	₹8.00	₹134.00	6.35%
20-12-2025	₹126.00	₹0.00	₹126.00	0.00%
19-12-2025	₹126.00	₹0.00	₹126.00	0.00%
18-12-2025	₹126.00	₹0.00	₹126.00	0.00%
17-12-2025	₹126.00	₹0.00	₹126.00	0.00%
16-12-2025	₹126.00	₹0.00	₹126.00	0.00%
15-12-2025	₹126.00	₹0.00	₹126.00	0.00%

Note: GMP details are subject to change based on market conditions and fluctuations. Check live Dhara Rail Projects IPO GMP status at Univest.

Dhara Rail Projects IPO Details

IPO Allotment Date	29th December 2025
IPO Open Date	23rd December 2025
IPO Close Date	26th December 2025
Refund Initiation	30th December 2025
Issue Size	39,84,000 shares(agg. up to ₹50 Cr)
Face Value	₹10 per share
Lot Size	1,000 Shares
Issue Price	₹120 to ₹126 per share
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Listing Date	31st December 2025

Also Read: Dhara Rail Projects IPO GMP & Review: Apply or Avoid?

Explanation

Dhara Rail Projects IPO: Dhara Rail Projects IPO Limited has declared an issue price band of ₹120 to ₹126 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,000 shares, each worth ₹2,52,000. The face value of Dhara Rail Projects IPO Limited shares is ₹10 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 Dhara Rail Projects IPO reviews.

Dhara Rail Projects IPO Objectives

The primary aim of the Dhara Rail Projects IPO is to raise ₹50.20 crores. On the other hand, Dhara Rail Projects has decided to utilise these funds in different ways.

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

Dhara Rail Projects IPO Registrar

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 ipo@bigshareonline.com or at +91-22-6263 8200.

Dhara Rail Projects IPO Review

The Dhara Rail Projects IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Dhara Rail Projects Limited’s revenue increased by 40% from ₹34.23 crores in March 2024 to ₹48.00 crores in March 2025. Moreover, the company’s PAT increased by 120% from ₹2.97 crores in March 2024 to ₹6.53 crores in March 2025. Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re 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’s technical analysis to know whether you should apply for the Dhara Rail Projects IPO or not.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	21.43
EPS (Earnings Per Share)	5.88
RoNW	50.66%
ROCE	25.59%
ROE	67.85%
EBITDA Margin	11.88%
Price to Book Value	10.85
Market Capitalisation	₹190.06 Cr

The PE ratio of Dhara Rail Projects Limited shares is 21.43, and its Earnings Per Share (EPS) stands at 5.88. Thus, the Dhara Rail Projects IPO can deliver gains on its tentative listing date, 31st December 2025.

Note: 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.

Indicators	Pre-IPO	Post-IPO
PE Ratio	21.43	13.45
EPS	5.88	9.37

FAQs on Dhara Rail Projects IPO

What is the Dhara Rail Projects IPO GMP?

Currently, on 23rd December 2025, the Dhara Rail Projects IPO GMP (Grey Market Premium) stands at ₹15. This indicates that the estimated listing price could be ₹141.00 per share.

What is the issue price of Dhara Rail Projects IPO?

The Dhara Rail Projects IPO issue price band is set at ₹120.00 to ₹126.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth ₹2,52,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹3,78,000.

Who is the registrar of the Dhara Rail Projects IPO?

Disclaimer: 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.