Dhara Rail Projects IPO Subscription Status
Dhara Rail Projects IPO was subscribed over 111.90x on its Last day till 05.00 PM on 26th December 2025.Ā
- Dhara Rail ProjectsĀ IPO subscription QIB investors’ portion is 71.30x times, while NII subscribed 199.41x times, and RII investors subscribed 97.61x times.
- The company has received bids for 29,62,04,000 shares against 26,47,000 shares on offer on the Last day.Ā
- Dhara Rail Projects IPO was subscribed over 5.01x times on day 2.
- 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 governmentās 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 ā¹48.00 crores in 2025 against ā¹34.23 crores in 2024. The company reported a profit of ā¹6.53 crores in 2025 against a profit of ā¹2.97 crores in 2024.
Dhara Rail Projects IPO GMP
Dhara Rail Projects IPO GMP was ā¹12 as of Thursday, 26th December. That indicates the IPO is trading at ā¹138 with a ā¹12 premium in the grey market against the issue price of ā¹126.
