GMP is an unofficial indicator of investor demand before listing — not a guaranteed outcome.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions.
Dhara Rail Projects IPO.
& — Sme IPO listing on NSE
23 December - 26 December 2025
Fixed Price IPO
Fresh Capital
- Price Band
- ₹ 120 – 126
- Lot Size
- 1000
- Issue Size
- ₹50.2 Cr
- Minimum Investment
- ₹252000 (2000 Shares)
- Listing Date
- 31 December 2025
Grey Market Premium
₹62
▲ 24.6% over cap
| As On | Issue Price | GMP | Esti. Listing |
|---|---|---|---|
| 30 December 2025 | ₹126.00 | ₹14 | ₹140 |
| 29 December 2025 | ₹126.00 | ₹14 | ₹140 |
| 28 December 2025 | ₹126.00 | ₹18 | ₹144 |
| 27 December 2025 | ₹126.00 | ₹18 | ₹144 |
| 26 December 2025 | ₹126.00 | ₹20 | ₹146 |
| 25 December 2025 | ₹126.00 | ₹10 | ₹136 |
| 24 December 2025 | ₹126.00 | ₹10 | ₹136 |
| 23 December 2025 | ₹126.00 | ₹14 | ₹140 |
| 22 December 2025 | ₹126.00 | ₹12 | ₹138 |
| 21 December 2025 | ₹126.00 | ₹8 | ₹134 |
| 20 December 2025 | ₹126.00 | ₹0 | ₹126 |
| 19 December 2025 | ₹126.00 | ₹0 | ₹126 |
| 18 December 2025 | ₹126.00 | ₹0 | ₹126 |