Dhara Rail Projects Limited

Dhara Rail Projects Limited

SMEClosed

IPO Dates

Dec 23, 2025 – Dec 26, 2025

Lot Size

1000

Listing

Dec 31, 2025

Listing At

NSE SME

Dec 23, 2025Open DateCompleted
Dec 26, 2025Close DateCompleted
TBAAllotment DateUpcoming
Dec 31, 2025Listing DateCompleted

Dhara Rail Projects Limited Live Subscription Details

All IPOs
QIB71.30x
Retail97.61x
QIB / NII0.00x
NIIs
199.77x

NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

122.87x

bHNI (> ₹10L)

Bids above ₹10L

238.21x

Overall Subscription

Total Bids Received

111.98x

Dhara Rail Projects Limited IPO Issue Details

Issue Price
₹120-126 Per Equity Share
Face Value
₹10 Per Equity Share
Fresh Share
39,84,000 shares(aggregating up to ₹50.2 crore)
Listing At
NSE SME
Listing Date
Dec 31, 2025
Registrar
Bigshare Services Pvt Ltd

Market Lot Details

CategoryLotsSharesAmount
Retail (Min)22,000-
Retail (Max)22,000-
sHNI (Min)33,000-
sHNI (Max)77,000-
bHNI (Min)88,000-

Reservation Details

NII14.23%

Shares Offered

5,67,000

QIB18.98%

Shares Offered

7,56,000

Anchor28.44%

Shares Offered

11,33,000

Individual33.23%

Shares Offered

13,24,000

Market Maker5.12%

Shares Offered

2,04,000

Company Information

Incorporated in 2010, Dhara Rail Projects Ltd is an ISO 9001:2015 certified company that offers various services like annual maintenance contracts and repair services for railway rolling stock systems...

Valuations

RoNW

50.66%

PAT Margin

14.67%

P/B Value

10.85

Market Cap

190.06 Cr.

Financial Information (₹ in Crores)

MetricFY 25FY 25FY 24FY 23
Total Assets61.7346.2447.2933.98
Total Revenue28.834834.2327.39
Profit After Tax7.066.532.971.06
Net Worth19.9512.896.363.39

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Repayment and/or pre-payment, in full or part, of borrowing availed by our Company
  2. 2To Meet Working Capital Requirements of our Company
  3. 3General Corporate Purpose

Dhara Rail Projects Limited – Promoter(s)

Tejas Lalit Mehta
Jagruti Tejas Mehta
Dhara Tejas Mehta

Contact Details

Corporate Office

Gala No. O, 196-K, Girgaum Gaiwadi, Girgaum, Mumbai, Maharashtra, 400004

+91-22-23865040

cs@drppl.com

Visit Website

Dhara Rail Projects Limited Allotment & Registrar Details

Check Allotment

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

Visit Registrar Website

Dhara Rail Projects Limited IPO Documents

Frequently Asked Questions — Dhara Rail Projects Limited IPO

The lot size for Dhara Rail Projects Limited IPO is 1000 shares per lot.

The Dhara Rail Projects Limited IPO opens on Dec 23, 2025 and closes on Dec 26, 2025.

Dhara Rail Projects Limited IPO is expected to be listed on Dec 31, 2025 on NSE SME.

The current GMP for Dhara Rail Projects Limited IPO is ₹11. Note: GMP is an unofficial market indicator.

The registrar for Dhara Rail Projects Limited IPO is Bigshare Services Pvt Ltd. You can contact them at ipo@bigshareonline.com.

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