NSE - SMEListed
Dhara Rail Projects Limited
Company websiteDhara Rail Projects Limited seeks to raise ₹39,84,000 crore — fresh issue ₹39,84,000 crore, OFS ₹0 crore. Total shares offered: 1000.
Subscribe between 23-12-2025 and 26-12-2025. Allotment is expected on 29-12-2025, with listing on 31-12-2025. Action tip: if you’re unsure, consider starting with a small allocation and review the company’s prospectus.
Start Date23-12-2025
End Date26-12-2025
Listing Date31-12-2025
Allotment Date29-12-2025
Current Price₹150
GMP₹10 (7.94%)
Lot Size1000 Shares
Subscription112.01 Times
Face Value₹10 per share
Listing atNSE
Issue Price₹120 - ₹126
Pre Issue₹1,11,00,000
Post Issue₹1,50,84,000
Issue Size₹39,84,000
(aggregating up to 50.20 Cr)
(aggregating up to 50.20 Cr)
Fresh Issue₹39,84,000
(aggregating up to 50.20 Cr)
(aggregating up to 50.20 Cr)
Offer For Sale-
The Grey Market Premium (GMP) for Dhara Rail Projects Limited is currently around ₹10 (7.94%). This indicates an estimated listing price of approximately ₹130 based on the latest market sentiment. Please note that GMP values are unofficial and can change frequently as they depend on demand, market conditions, and investor activity.
Gmp Details
| Last Updated | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
26 Dec 2025, 08:43 | ₹126 | ₹12 | ₹138 (9.52%) |
30 Dec 2025, 12:34 | ₹126 | ₹10 | ₹136 (7.94%) |
23 Dec 2025, 04:53 | ₹126 | ₹11 | ₹137 (8.73%) |
26 Dec 2025, 06:04 | ₹126 | ₹14 | ₹140 (11.11%) |
26 Dec 2025, 06:35 | ₹126 | ₹17 | ₹143 (13.49%) |
18 Dec 2025, 06:15 | ₹126 | ₹11 | ₹137 (8.73%) |
Financials overview In Crores
Here is a quick look at the recent financial performance of Dhara Rail Projects Limited . The numbers below ( In Crores ) show how the company’s revenue and profits have changed over the last few years. This helps investors understand how strongly the business is growing and how stable its financial health is before applying for the IPO.
Key Performance
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
EPS | 6.36 | 5.88 | 2.67 | 0.96 |
ROE | 43.03 | 67.58 | 60.89 | 37.24 |
ROCE | 24.33 | 25.59 | 11.73 | 5.71 |
RONW | 0 | 0 | 0 | 0 |
PRE IPO(PE) | 0 | 21.43 | 0 | 0 |
POST IPO(PE) | 13.45 | 0 | 0 | 0 |
Subscription Details (No. of Shares)
The below shows how many shares were subscribed by each investor category in the Dhara Rail Projects Limited IPO. These numbers help you understand where the demand is coming from – whether it’s retail investors, QIBs, or NIBs. Higher subscription usually indicates strong interest and confidence from the market.
Subscription Demand (in ₹ Crore)
| Category | Offered | Demand | Times |
|---|---|---|---|
QIBs | ₹9.53 | 679.22 | 71.27 |
FIIs | ₹0 | 122.13 | 0.00 |
FIs | ₹0 | 71.35 | 0.00 |
Others | ₹0 | 485.73 | 0.00 |
RETAIL | ₹16.68 | 1629.18 | 97.67 |
HNIs 2+ | ₹2.38 | 292.72 | 122.99 |
HNIs 10+ | ₹4.76 | 1134.57 | 238.36 |
Total | ₹33.35 | 3735.69 | 112.01 |
Application Wise Breakup (Approx. no of Apps)
| Category | Reserved | Applied | Times |
|---|---|---|---|
QIB | 0 | 71 | 0.00 |
NIB | 0 | 18,403 | 0.00 |
RETAIL | 662 | 64,650 | 97.66 |
HNIs(10L +) | 126 | 10,917 | 86.64 |
HNIs (2-10L) | 63 | 7,486 | 118.83 |
Total | 851 | 83,053 | 97.59 |
The IPO reservation for Dhara Rail Projects Limited shows how the total issue is divided among different investor categories. This includes allocations for Retail Investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Understanding the reservation structure helps investors know how much of the issue is set aside for their category before applying.
IPO Reservation
| Category | Shares Offers | No. of Shares |
|---|---|---|
ANCHOR | 28.44% | 11,33,000 |
QIB | 18.98% | 7,56,000 |
HNI | 14.23% | 5,67,000 |
RETAIL | 33.23% | 13,24,000 |
Market Maker | 5.12% | 2,04,000 |
TOTAL | 100.00% | 39,84,000 |
Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
Retail (Min) | 2 | 2,000 | ₹2,52,000 | |
sHNI | 3 | 3,000 | ₹3,78,000 | |
bHNI | 8 | 8,000 | ₹10,08,000 |
Below you can find the official contact details of Dhara Rail Projects Limited along with the registrar handling the IPO process. This information helps investors reach out for queries related to the company or for checking the allotment status and application updates once the IPO process begins.
Company Details
Email: cs@drppl.com
Phone: +91-22-23865040
Website: https://drppl.com/
Address: Gala No. O, 196-K, Girgaum Gaiwadi, Girgaum, Mumbai, Maharashtra, 400004
IPO Registrar
Name: Bigshare Services Private Limited
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/