
Dhara Rail Projects IPO Listing Preview: What to Expect Now?
Updated: 29 Dec 2025 • 4:16 pm
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Dhara Rail Projects IPO Listing: The Dhara Rail Projects Limited listing is scheduled for 31st December 2025. The IPO was opened for bidding from 23rd December 2025 to 26th December 2025. It is a bookbuilding IPO of ₹50.20 crores, comprising a fresh issue of 0.40 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 31st December 2025. Scroll down to know more about Dhara Rail Projects’ IPO listing expectations.
Dhara Rail Projects IPO Listing Preview
As per the recent updates, the IPO listing of Dhara Rail Projects could be at around ₹144 per share on 31st December 2025. This conclusion is based on the Dhara Rail Projects GMP (grey market premium). However, the GMP and expected listing price are subject to change based on market sentiment. Stay informed with Univest to get live updates on the Complex Cinemas IPO listing or GMP trends. Scroll to explore the GMP of the Dhara Rail Projects IPO.
Dhara Rail Projects IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Dhara Rail Projects IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 29-12-2025 | ₹126.00 | ₹18.00 | ₹144.00 | 14.29% |
| 28-12-2025 | ₹126.00 | ₹18.00 | ₹144.00 | 14.29% |
| 27-12-2025 | ₹126.00 | ₹18.00 | ₹144.00 | 14.29% |
| 26-12-2025 | ₹126.00 | ₹2000 | ₹146.00 | 15.87% |
| 25-12-2025 | ₹126.00 | ₹10.00 | ₹136.00 | 7.49% |
| 24-12-2025 | ₹126.00 | ₹10.00 | ₹136.00 | 7.49% |
| 23-12-2025 | ₹126.00 | ₹14.00 | ₹140.00 | 11.11% |
| 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% |
As of 29th December 2025, the Dhara Rail Projects IPO GMP stands at ₹18 per share. This means shares are likely to list at ₹144 on their tentative listing date, 31st December 2025. GMP data is subject to change based on market conditions. You should check the live GMP status before applying for the Dhara Rail Projects IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Dhara Rail Projects Limited Financials
The company’s financial analysis is essential before applying for the Dhara Rail Projects IPO. Look at the table to learn about Dhara Rail Projects Limited’s financials.
| Year Ended | 30th Sep 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 | 31st March 2023 |
| Assets | 61.73 | 46.24 | 47.29 | 33.98 |
| Revenue | 28.83 | 48.00 | 34.23 | 27.39 |
| Profit After Tax | 7.06 | 6.53 | 2.97 | 1.06 |
| EBITDA | 9.60 | 5.28 | 1.33 | 0.75 |
| Net Worth | 19.95 | 12.89 | 6.36 | 3.39 |
| Reserves and Surplus | 8.85 | 12.79 | 6.26 | 3.29 |
| Total Borrowings | 21.29 | 21.33 | 28.17 | 22.74 |
Explanation
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.
How to Check Dhara Rail Projects IPO Allotment Status?

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.
Check On NSE
- Visit the NSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Dhara Rail Projects IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Dhara Rail Projects IPO allotment status.
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