Dhara Rail Projects Limited IPO

Dhara Rail Projects Limited is listed in the SME segment with a price band of ₹120 to ₹126. The figures below are as reported by the exchanges and public sources.

Dhara Rail Projects Limited IPO — key facts

• The Dhara Rail Projects Limited IPO price band is ₹120 to ₹126 per share.
• As of 5 September 2026, the Dhara Rail Projects Limited IPO subscription status is 111.90x overall.
• The issue is open from 23-DEC-2025 to 26-DEC-2025.
• Dhara Rail Projects Limited listed on 31-DEC-2025.
• Dhara Rail Projects Limited listed at ₹157.5. The listing gain was 25.0% against the upper end of the issue price band.

Dhara Rail Projects Limited IPO details

Status

Listed

Segment

SME

Sector

Diversified Commercial Services

Price band

₹120 – ₹126

Issue size

₹47.63 Cr

Fresh issue

₹47.63 Cr

Opens

23-DEC-2025

Closes

26-DEC-2025

Listing

31-DEC-2025

Total subscription

111.90x

Retail

97.61x

QIB

71.30x

NII

199.41x

Lead managers

Hem Securities (left lead)

Listing price

₹157.5

Listing day change

+25.0%

Other Diversified Commercial Services IPOs

• Leap India Limited -8.7% on listing
• Aegeus Technologies Limited +24.5% on listing
• Propshop Events and Exhibitions Limited -17.2% on listing
• PAN HR Solutions Ltd. +0.0% on listing
• Armour Security (India). Ltd -23.9% on listing
• Clear Secured Services Limited -14.4% on listing

Live subscription, allotment status, offer documents and the full lifecycle timeline for this issue are on this page. Historical listing performance for every past IPO is in the IPO database, and each day's activity is recorded in the daily digest.

Published by INVESTOLOGY — SEBI Registered Research Analyst INH000015297. Data is reported for information only. It is not research and not investment advice. Investments in securities markets are subject to market risk; read all offer documents carefully before investing.