Dhara Rail Projects
31 Dec '25SME
Min. Investment
₹2,40,000
Issue size
₹50.2 Cr
GMP
Locked
Overall subscription: 102.85x
Check allotment status
Expert verdict
IPO dates
23 Dec
Opening
26 Dec
Closing
29 Dec
Allotment
31 Dec
Listing
*Refunds will be initiated on 30 Dec '25
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,52,000 |
Subscription (as on 30 March 2026, 06:30 PM)
Overall102.85x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
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.
Issue Details & Objective
Lot size
1000 Shares
Price band
₹120 to 126
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.44%
QIB - 18.98%
HNI - 14.23%
Retail - 33.23%
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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.
The issue size of Dhara Rail Projects IPO is ₹50.2 Cr
The Dhara Rail Projects IPO will be open for applications from 23 Dec '25 to 26 Dec '25
The lot size of Dhara Rail Projects IPO is 1000 Shares and its minimum investment amount is ₹2,40,000.
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 null
