On the last day, Dhara Rail Rojects IPO was subscribed 111.90 times overall, a retail quota was 97.61 times, QIB 71.30 times, and 199.41 times for NII.
Details About Dhara Rail Projects IPO
Dhara Rail Projects received approval from SEBI for an IPO of ₹50.20 crores, via fresh issue with a face value of ₹10 each. Dhara Rail Projects has set up a ₹120 to ₹126 per share.
In the Dhara Rail Projects IPO, the 2 lot size for the minimum Retail category got 2,000 shares. The max retail category, 2000 shares in 2 lot sizes. S-HNI Minimum category, 3000 shares in 3. S-HNI: Maximum 7000 shares in 7 lot sizes. B-HNI Minimum 8000 shares in 8 lot sizes.
To invest in the Dhara Rail Projects IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,52,000.
- Retail investors: (Max) investment of ₹2,50,000.
- Small HNI (S-HNI): Minimum investment of ₹3,78,000.
- Small HNI (S-HNI): Maximum investment of ₹8,82,000.
- Big HNI(B-HNI): maximum investment of ₹10,08,000.
Dhara Rail Projects subscription duration
Dhara Rail Projects IPO started on December 23, 2025, and closed on December 26, 2025. The investor’s allotment date was December 29, 2025, and they received a refund on December 30, 2025. The Dhara Rail Projects IPO listing date is December 31, 2025.
About Dhara Rail Projects Company
Dhara Rail Projects Ltd, founded in 2010, is one of the leading companies engaged in maintenance, repair, and electrical services to Indian Railways. Its services consist of AMC and repair of train lighting systems, including Vande Bharat, AMC and repair of OHE maintenance vehicles (Tower Wagons), AMC and repair of Power Car equipment and HVAC systems, Supply, installation, testing, and commissioning of electrical equipment, and Outsourced coach operation and troubleshooting services.
The company mainly collaborates with the Indian government’s Ministry of Railways. The company consists of 849 employees as of August 31, 2025. To ensure train safety, the company offers Annual Maintenance Contracts (AMC) and on-call repair services for train systems, which include LED interior and emergency lights, wiring, control units, and battery backup systems.
Dhara Rail Projects IPO Company Financial Report
The company reported revenue of ₹48.00 crores in 2025 against ₹34.23 crores in 2024. The company reported a profit of ₹6.53 crores in 2025 against a profit of ₹2.97 crores in 2024.
