Dhara Rail Projects IPO
Dhara Rail Projects IPO is a book built issue of ₹28,51,000 crores. The subscription opens on 23 Dec '25 and closes on 26 Dec '25, with the basis of allotment expected to be finalised on 29 Dec '25. The shares are scheduled to list on NSE with a tentative listing date fixed for 31 Dec '25. The price band is set at ₹120 to ₹126 per share with a minimum lot size of 1,000 shares.
Free Demat with Zero AMC*
Dhara Rail Projects IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 14,25,500 crores |
| Non-Institutional Investors (NIIs) | 15% | 4,27,650 crores |
| Retail Individual Investors (RIIs) | 35% | 9,97,850 crores |
About Dhara Rail Projects Ltd IPO
Incorporated in 2010, Dhara Rail Projects Ltd is an ISO 9001:2015 certified company, providing various services like annual maintenance contracts, and repair services for railway rolling stock systems.
Key services:
- AMC and repairs of 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 in trains.
- Supply, Installation, Testing, and Commissioning (SITC) of electrical equipment for all types of rolling stock.
- Outsourced services for coach operations and troubleshooting.
The company mainly works with the Ministry of Railways, Government of India, by participating in tenders or collaborating with OEMs.
Competitive Strengths:
- Diversified order book of projects across India: Rs 14,409.81 lakhs as on Sep 29, 2025.
- Revenue from multiple geographies
- Assured quality services
- Experienced senior management
Dhara Rail Projects IPO Strengths & Weaknesses
No Data Found
Dhara Rail Projects IPO Issue Details
| Issue Composition: | |
|---|---|
| Face Value | ₹0 per share |
| Total Issue Size | 28,51,000 shares (aggregating up to ₹2,52,000 crores) |
| Fresh Issue | NaN shares (aggregating up to To be announced) |
| Offer for Sale | NaN shares of ₹0 (aggregating up to To be announced) |
| Issue Type | |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | shares |
| Post-Issue Shareholding | 0 shares |
Dhara Rail Projects IPO Shares
| Minimum Shares | Maximum Shares |
|---|---|
| -- | -- |
The lot size of Dhara Rail Projects ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Dhara Rail Projects IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Dhara Rail Projects Lead Manager(s)
| Book Running Lead Manager(s) |
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