DHARA RAIL PROJECTS LIMITED SME
₹ 120 - ₹ 126
23-Dec-2025 - 26-Dec-2025
₹ 126000.00

/ 1000 Shares

DHARA RAIL PROJECTS LIMITED SME

23-Dec-2025 - 26-Dec-2025

₹ 120 - ₹ 126

Price Band

₹ 126000.00

Minimum Investment

1000

Bid Lot

3,883,400

Shares
  • Face Value - ₹ 10/- Per Share

  • Listing at NSE

  • 1,324 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

IPO Timeline

  • Open Date

    23-Dec-2025
  • Close Date

    26-Dec-2025
  • Basis of Allotment Date

    29-Dec-2025
  • Initiation of Refunds

    30-Dec-2025
  • Credit Shares to Demat A/c

    30-Dec-2025
  • IPO Listing Date

    31-Dec-2025

Subscription as on
26-Dec-2025 17:08

Category Book Size Subscription No. of Times
QIB 756,000 ₹ 9.53 Cr. 53,906,000 ₹ 679.22 Cr. 71.30x
HNI 567,000 ₹ 7.14 Cr. 23,223,000 ₹ 292.61 Cr. 40.96x
RETAIL 1,324,400 ₹ 16.69 Cr. 129,234,000 ₹ 1628.35 Cr. 97.58x
Total 2,647,400 206,363,000 77.95x
Category Book Size Subscription No. of Times
QIB 756,000 ₹ 9.53 Cr. 53,906,000 ₹ 679.22 Cr. 71.30x
HNI 567,000 ₹ 7.14 Cr. 23,223,000 ₹ 292.61 Cr. 40.96x
RETAIL 1,324,400 ₹ 16.69 Cr. 129,234,000 ₹ 1628.35 Cr. 97.58x
Total 2,647,400 206,363,000 77.95x

*Excluding Anchor

Total No. of Application Approx : ~64617 (48.80 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

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

Key services:

  • AMC and repairs of train lighting systems across all types of trains, including Vande Bharat.
  • AMC and repairs for Overhead Equipment (OHE) maintenance vehicles (Tower Wagons).
  • AMC and repairs of Power Car equipment and HVAC systems in trains.
  • Supply, Installation, Testing, and Commissioning (SITC) of electrical equipment for all types of rolling stock.
  • Outsourced services for coach operations and troubleshooting.

The company mainly works with the Ministry of Railways, Government of India, by participating in tenders or collaborating with OEMs.

Read More

Strengths

  • Diversified order book of projects across India: Rs 14,409.81 lakhs as on Sep 29, 2025.
  • Revenue from multiple geographies
  • Assured quality services
  • Experienced senior management

Company Promoters

Company Financials

Dhara Rail Projects Ltd.'s revenue increased by 40% and profit after tax (PAT) rose by 120% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 46.24 47.29 33.98
Total Income 48.00 34.23 27.39
Profit After Tax 6.53 2.97 1.06
EBITDA 5.28 1.33 0.75
NET Worth 12.89 6.36 3.39
Reserves and Surplus 12.79 6.26 3.29
Total Borrowing 21.33 28.17 22.74
Amount in ? Crore

Objects of the Issue

The Company Dhara Rail Projects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
1 Repayment and/or pre-payment, in full or part, of borrowing availed by our Company 7.00
2 To Meet Working Capital Requirements of our Company 28.00
3 General Corporate Purpose

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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