Dhara Rail Projects IPO Details
The Dhara Rail Projects IPO is a book build issue with a total issue size of ₹50.2 cr Dhara Rail Projects IPO opened for subscription on Dec 23, 2025 and closed on Dec 26, 2025. Dhara Rail Projects IPO is set price band at ₹120 to ₹126 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹252,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 29, 2025, and listed on the NSE on Dec 31, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Dhara Rail Projects IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 120 – 126
- Lot Size
- 1000
- Issue Size
- ₹50.2 Cr
- Minimum Investment
- ₹252000 (2000 Shares)
- Listing Date
- 31 December 2025
Current GMP
₹14 (+11.11%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Dhara Rail Projects Limited
Dhara Rail Projects Ltd, incorporated in 2010, is an ISO 9001:2015 certified organization specializing in comprehensive maintenance, repair, and electrical solutions for railway rolling stock systems.
The company offers a wide range of services focused on ensuring safety, reliability, and operational efficiency of rail assets.
Key Services
- Annual Maintenance Contracts (AMC) and Repair Services
Maintenance and repair of train lighting systems for all categories of trains, including modern high-speed trains such as Vande Bharat. - Overhead Equipment (OHE) Maintenance Vehicles
AMC and repair services for OHE Tower Wagons and associated maintenance vehicles. - Power Car and HVAC Systems
AMC and repair services for Power Car equipment and HVAC systems installed in railway coaches and trains. - Electrical Systems for Rolling Stock
Supply, Installation, Testing, and Commissioning (SITC) of electrical equipment for all types of railway rolling stock. - Outsourced Operational Support
Outsourced services for coach operations, fault diagnosis, and troubleshooting of onboard electrical systems.
Clientele and Operations
Dhara Rail Projects Ltd primarily works with the Ministry of Railways, Government of India, participating in railway tenders and executing projects independently or in collaboration with leading Original Equipment Manufacturers (OEMs).
Dhara Rail Projects IPO Promoters
- Tejas Lalit Mehta
- Jagruti Tejas Mehta
- Dhara Tejas Mehta
Promoters Holding
Holding Pre Issue
98.33%
Holding Post Issue
72.36%
Dhara Rail Projects IPO Objective
The Company Dhara Rail Projects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment and/or pre-payment, in full or part, of borrowing availed by our Company.
- To Meet Working Capital Requirements of our Company
- General Corporate Purpose
Address / Contact Info
Dhara Rail Projects Ltd. Address
Gala No. O, 196-K,
Girgaum Gaiwadi, Girgaum,
Mumbai, Maharashtra, 400004
Phone: +91-22-23865040
Email: cs@drppl.com
Website: https://drppl.com/
IPO Snapshot
Book Running Lead Managers
- Hem Securities Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Dhara Rail Projects IPO is a Book-building IPO with a total issue size of ₹50.2 crore. The Dhara Rail Projects IPO price band is ₹120 to 126 per share. The Dhara Rail Projects IPO subscription opens on Tue, Dec 23, 2025, and closes on Fri, Dec 26, 2025. The Dhara Rail Projects IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Dhara Rail Projects IPO.
The Dhara Rail Projects IPO opens on Tue, Dec 23, 2025 and closes on Fri, Dec 26, 2025
Dhara Rail Projects IPO Price Band is ₹120 to 126 per share.
Dhara Rail Projects IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
The minimum investment for Dhara Rail Projects IPO is ₹252000, based on one lot of 1000 shares at the upper price band of ₹126 per share.
Investors can apply for the Dhara Rail Projects IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 26, 2025. The application amount remains blocked until the Dhara Rail Projects IPO allotment is finalized.
Dhara Rail Projects IPO issue size is ₹50.2 crores.
Dhara Rail Projects IPO allotment date is Wed, Jul 1, 2026.
The registrar for Dhara Rail Projects IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Dhara Rail Projects IPO allotment status, refund processing, and other IPO-related information.
The Dhara Rail Projects IPO GMP (Grey Market Premium) is ₹14 as of Tue, Dec 30, 2025. Based on the upper price band of ₹126 per share, the estimated Dhara Rail Projects IPO listing price is ₹140, indicating a potential listing gain of approximately 0% over the issue price.