Dhara Rail Projects IPO Subscription Status
Dhara Rail Projects IPO was subscribed over 2.54x on its First day till 05.00 PM on 23rd December 2025.
- Dhara Rail Projects IPO subscription QIB investors’ portion is 4.55x times, while NII subscribed 2.35x times, and RII investors subscribed 1.47x times.
- The company has received bids for 67,19,000 shares against 26,47,000 shares on offer on the First day.
- Dhara Rail Projects IPO was subscribed over 2.54x times on day 1.
About the Dhara Rail Projects IPO
Dhara Rail Projects is involved in maintenance, repair, and electrical services to Indian Railways. 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.
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. Moreover, the company mainly collaborates with the Indian government’s Ministry of Railways. The company consists of 849 employees as of August 31, 2025.
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.
Dhara Rail Projects IPO GMP
Dhara Rail Projects IPO GMP was ₹12 as of Tuesday, 23rd December. That indicates the IPO is trading at ₹138 with a ₹12 premium in the grey market against the issue price of ₹126.
