What is Dhara Rail Projects IPO?

Dhara Rail Projects IPO is a SME IPO. The issue is priced at ₹120-126 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on 23 Dec, and closes on 26 Dec. Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on SME.

When does the Dhara Rail Projects IPO open and close?

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

Where can I check the live subscription status of the Dhara Rail Projects IPO?

You can track the real-time subscription numbers using the links below: https://www.iposcanner.ai/ipo/dhara-rail-projects-ipo?tab=subscription

What is the issue size of the Dhara Rail Projects IPO?

The size of Dhara Rail Projects IPO is Total 39,84,000 shares(aggregating up to ₹50.2 crore) : #Fresh Issue : 39,84,000 shares(aggregating up to ₹50.2 crore) + #OFS : TBA.

What is the price band of the Dhara Rail Projects IPO?

The Dhara Rail Projects IPO price band is set between ₹120-126 per equity share.

What is the minimum investment for the Dhara Rail Projects IPO?

The minimum investment for the Dhara Rail Projects IPO is ₹252000.

What is the allotment date of the Dhara Rail Projects IPO?

The share allotment date of Dhara Rail Projects IPO is 29 Dec.

What is the Dhara Rail Projects IPO listing date?

The Dhara Rail Projects IPO will be listed on 31 Dec.

How to check Dhara Rail Projects IPO allotment status online?

Follow the steps to check the Dhara Rail Projects IPO allotment status online here: https://www.iposcanner.ai/ipo/dhara-rail-projects-ipo?tab=allotment

Who is the registrar for the Dhara Rail Projects IPO?

The registrar for the Dhara Rail Projects IPO is Bigshare Services Pvt.Ltd.. You can check your allotment status on their official website.

Dhara Rail Projects IPO Details, GMP, Subscription & Allotment

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IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

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About Dhara Rail Projects

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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.The key services that are included in the package are:AMC and repairs of the 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 of trains.SITC of Electrical Equipment for all types of Rolling Stocks.Outsourced services involving coach operations, troubleshooting.Basically, it undertakes tender participation or partnering with OEMs with the Ministry of Railways, Government of India.

Checklist Quality Analysis

Revenue Growth

Live IPOs

Sotefin Bharat

SME

Open Close16th Jul 2026 - 20th Jul 2026

Issue Size89.76 Cr

Min. Qty600 Shares

Issue Price₹ 178.00

Live IPO

Caliber Mining & Logistics

Mainboard

Open Close17th Jul 2026 - 21st Jul 2026

Issue Size450.00 Cr

Min. Qty35 Shares

Issue Price₹ 402.00

Live IPO

Companies Name	Open - Close	Issue Size	Min. Qty	Issue Price	Apply
Sotefin Bharat SME	16th Jul 2026 - 20th Jul 2026	89.76 Cr	600 Shares	₹ 178.00
Caliber Mining & Logistics Mainboard	17th Jul 2026 - 21st Jul 2026	450.00 Cr	35 Shares	₹ 402.00

See All Live IPOs

Min Investment

₹252000

Lot Size

2000 Shares

Issue Size

₹50.2 Cr

Price Range

₹120 - ₹126

Listing Date

Dec 31, 2025

IPO Doc

RHP PDF

Dhara Rail Projects IPO - Issue Objectives

₹7 crore will be used for the repayment of borrowing availed by the company. The company will utilise ₹30.50 crore for working capital requirements Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Repayment of borrowings

13.94%

Working capital

60.76%

General corporate

25.3%

Repayment of borrowings

₹7 crore will be used for the repayment of borrowing availed by the company.

13.94%

Working capital

The company will utilise ₹30.50 crore for working capital requirements

60.76%

General corporate

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

25.30%

Financials of Dhara Rail Projects

In Cr.

Key Performance Indicator	30-Sep-25 (In Cr.)	31-Mar-25 (In Cr.)	31-Mar-24 (In Cr.)	31-Mar-23 (In Cr.)
Revenue	28.83	48.00	34.23	27.39
EBITDA	9.60	5.28	1.33	0.75
Expenses
Profit After Tax	7.06	6.53	2.97	1.06
Assets	61.73	46.24	47.29	33.98
Net Worth	19.95	12.89	6.36	3.39
Reserves	8.85	12.79	6.26	3.29
Borrowing	21.29	21.33	28.17	22.74

Contact Details

Dhara Rail Projects

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

+912223865040

[email protected]

https://drppl.com/

Registrar Contact Details

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

[email protected]

https://ipo.bigshareonline.com/ipo_status.html

About Dhara Rail Projects

Checklist Quality Analysis

Live IPOs

Dhara Rail Projects

Grey Market Premium (GMP) Trend

Dhara Rail Projects IPO - Issue Objectives

Repayment of borrowings

Working capital

General corporate

IPO Subscription Status

Financials of Dhara Rail Projects

Dhara Rail Projects - Promoter(s)

Contact Details

Registrar Contact Details

Dhara Rail Projects IPO - FAQs