|
Offer Date |
Dec 23 - Dec 26, 2025 |
|
Offer Price |
₹ 120-126 |
|
Lot Size |
1000 |
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Dhara Rail Projects Limited IPO
NSE SME Pre-Apply
Offer Date: Dec 23, 2025 - Dec 26, 2025
₹ 252000
/2000 Shares
*Min Investment
23 Dec, 2025
Open Date26 Dec, 2025
Close Date29 Dec, 2025
Allotment Date31 Dec, 2025
Listing DateDhara Rail Projects IPO Issue Details
- Issue Price ₹120-126 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 39,84,000 shares(aggregating up to ₹50.2 crore)
- Fresh Share 39,84,000 shares(aggregating up to ₹50.2 crore)
- Listing at NSE SME
- Lead Manager Hem Securities Ltd.
- Registrar Bigshare Services Pvt.Ltd.
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 2000 | ₹2,52,000 |
| Individual(max) | 2 | 2000 | ₹2,52,000 |
| SHNI(min) | 3 | 3000 | ₹3,78,000 |
| SHNI(max) | 7 | 7000 | ₹8,82,000 |
| BHNI(min) | 8 | 8000 | ₹10,08,000 |
Dhara Rail Projects IPO Details
Dhara Rail Projects Limited IPO is an SME IPO, priced at ₹120-126 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 39,84,000 equity shares, aggregating up to ₹50.2 crores..
The IPO bidding window is open from Dec 23, 2025 to Dec 26, 2025. The allotment is expected to be finalized on Dec 29, 2025, and the tentative listing date is Dec 31, 2025.
The minimum lot size for Individual investors is 2000 shares, with a minimum investment of ₹2,52,000.
Hem Securities Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt.Ltd., and
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Dhara Rail Projects Valuations
EPS Pre IPO
₹/-
EPS Post IPO
₹/-
PAT Margin
14.67%
Price to Book Value
10.85
Market Cap.
190.06 Cr.
Dhara Rail Projects Company Financials
In Crs.
In Cr.
| 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 61.73 | 46.24 | 47.29 | 33.98 |
| Revenue | 28.83 | 48.00 | 34.23 | 27.39 |
| Profit After Tax | 7.06 | 6.53 | 2.97 | 1.06 |
| Net Worth | 19.95 | 12.89 | 6.36 | 3.39 |
| Reserves & Surplus | 8.85 | 12.79 | 6.26 | 3.29 |
| Total Borrowing | 21.29 | 21.33 | 28.17 | 22.74 |
About Dhara Rail Projects Company
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.
Dhara Rail Projects - Promoter(s)
Tejas Lalit Mehta
Jagruti Tejas Mehta
Dhara Tejas Mehta
Pre Issue Share Holding : 98.33%
Post Issue Share Holding : 72.36%
Dhara Rail Projects IPO - Issue Objectives
1
Repayment and/or pre-payment, in full or part, of borrowing availed by our Company
2
To Meet Working Capital Requirements of our Company
3
General Corporate Purpose
Contact Details
Dhara Rail Projects
Gala No. O, 196-K, Girgaum Gaiwadi, Girgaum, Mumbai, Maharashtra, 400004
+91-22-23865040
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Dhara Rail Projects IPO - FAQs
Ans. Dhara Rail Projects Limited IPO is a SME IPO. The issue is priced at ₹120-126 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Dec 23, 2025, and closes on Dec 26, 2025. Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Dhara Rail Projects Limited IPO opens on Dec 23, 2025 and closes on Dec 26, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Dhara Rail Projects Limited IPO is 39,84,000 shares(agg. up to ₹50.20 Cr).
Ans. The Dhara Rail Projects Limited IPO price band is set between ₹120-126 per equity share.
Ans. To apply for Dhara Rail Projects Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Dhara Rail Projects Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Dhara Rail Projects Limited IPO is Dec 29, 2025.
Ans. The Dhara Rail Projects Limited IPO will be listed on Dec 31, 2025.
Ans. Follow the steps to check the Dhara Rail Projects Limited IPO allotment status online.
