Dhara Rail Projects
Open Date
23 Dec 2025
Close Date
26 Dec 2025
Min Investment
₹252000
Lot Size
2000 Shares
Issue Size
₹50.2 Cr
Price Range
₹120 - ₹126
Listing Date
Dec 31, 2025
IPO Doc
RHP PDFAbout Dhara Rail Projects
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.
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Revenue Growth
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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.
Working capital
The company will utilise ₹30.50 crore for working capital requirements
General corporate
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
IPO Subscription Status
Financials of Dhara Rail Projects
In Cr.
Revenue: ₹28.83
EBITDA: ₹9.60
Profit: ₹7.06
| 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 |
Dhara Rail Projects - Promoter(s)
Tejas Lalit Mehta
Jagruti Tejas Mehta
Dhara Tejas Mehta
98.33%
72.36%
Contact Details
Dhara Rail Projects
Gala No. O, 196-K, Girgaum Gaiwadi, Girgaum, Mumbai, Maharashtra, 400004
Registrar Contact Details
Bigshare Services Pvt.Ltd.
Dhara Rail Projects IPO - FAQs
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