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Dhara Rail Projects

31 Dec '25SME

Min. Investment

₹2,40,000

Issue size

₹50.2 Cr

GMP

Locked

Overall subscription: 1.96x

Locked Content
About company
IPO dates

23 Dec

Opening

26 Dec

Closing

29 Dec

Allotment

31 Dec

Listing

*Refunds will be initiated on 30 Dec '25

About company

IPO quota

ApplicationLotsSharesAmount
Retail (Min)22000₹2,52,000
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About company

Subscription (as on 23 December 2025, 04:30 PM)

Overall1.96x
QIB IconQualified institutional buyers
4.55x
NIB IconNon-Institutional Buyers
1.02x
Retail IconRetail Investors
1.04x
Employee IconEmployee
-
About company

About company

Founded: 2010|MD: Mr Tejas Lalit Mehta
  • Dhara Rail Projects Limited is engaged in executing contractual railway projects and related services in India. Its activities include annual maintenance contracts and repair services for railway rolling stock systems, covering train lighting equipment across all categories of rolling stock, including Vande Bharat trains, and maintenance of overhead equipment maintenance vehicles (tower wagons), power car equipment and HVAC systems used in coaches.
  • The company also undertakes supply, installation, testing and commissioning of various electrical equipment across different types of rolling stock. It provides outsourcing services for passenger coaches, including en route operations and troubleshooting. Dhara Rail Projects mainly serves the Ministry of Railways through competitively tendered contracts or arrangements with original equipment manufacturers (OEMs) for specified periods.
  • The company operates from its registered office at Girgaum, Mumbai, Maharashtra, and executes projects at different railway locations based on contracts obtained through government and rail authority procurement platforms.
  • Use of proceeds:
  • This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:
  • Repayment and/or pre-payment, in full or part, of borrowing availed by the company — Rs 7 crore.
  • To meet the working capital requirements of the company — Rs 30.5 crore.
  • General corporate purposes.
About company

Issue Details & Objective

Fresh issue

Lot size

1000 Shares

Price band

₹120 to 126

Face value

₹10 per share

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About company
Financials
Revenue
Value in Cr.
Profit
Value in Cr.
Total assets
Value in Cr.
About company
IPO reservation

Anchor investor - 28.44%

QIB - 18.98%

HNI - 14.23%

Retail - 33.23%

About companyDownload DRHP (IPO Doc)
FAQs

Should I apply for the Dhara Rail Projects IPO?

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Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.

What is the issue size of Dhara Rail Projects IPO?

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The issue size of Dhara Rail Projects IPO is ₹50.2 Cr

What are the open and close dates for Dhara Rail Projects IPO?

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The Dhara Rail Projects IPO will be open for applications from 23 Dec '25 to 26 Dec '25

What is the lot size and minimum order quantity of Dhara Rail Projects IPO?

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The lot size of Dhara Rail Projects IPO is 1000 Shares and its minimum investment amount is ₹2,40,000.

What is the GMP value of Dhara Rail Projects IPO?

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Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Dhara Rail Projects IPO is 11.9
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