| Price | 120 to 126 |
|---|---|
| GMP Rumors | ₹14 |
| Lot size | 2000 |
| Issue size | ₹50.20 Cr |
| Allotment | 29-12-2025 |
| Listing | 31-12-2025 |
| Suggestion | May Apply |
| Allotment Status | Bigshare |
| Video |
NSE List Price : ₹150.00
| Category | Times |
|---|---|
| QIBs | 71.3x |
| HNIs | 199.78x |
| Retail | 97.66x |
| Total : 112.01x | |
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹252,000 |
| Retail Maximum | 2 | 2,000 | ₹252,000 |
| S-HNI Minimum | 3 | 3,000 | ₹378,000 |
| S-HNI Maximum | 7 | 7,000 | ₹882,000 |
| B-HNI Minimum | 8 | 8,000 | ₹1,008,000 |
Dhara Rail Projects provides maintenance, repair, and electrical services for Indian Railways. To ensure the safe operation of trains, the company offers Annual Maintenance Contracts (AMC) along with on-demand repair services for various train systems, including LED interior and emergency lighting, wiring, control units, and battery backup systems.
The company’s offerings include AMC and repair of train lighting systems such as those in Vande Bharat trains, AMC and repair of Overhead Equipment (OHE) maintenance vehicles like Tower Wagons, AMC and repair of Power Car equipment and HVAC systems, supply, installation, testing, and commissioning of electrical equipment, as well as outsourced coach operation and troubleshooting services. Dhara Rail Projects primarily partners with the Ministry of Railways, Government of India, and employs 849 staff members as of August 31, 2025.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹27.39 | ₹25.92 | ₹1.06 | ₹33.98 |
| 2024 | ₹34.23 | ₹30.26 | ₹2.97 | ₹47.29 |
| 2025 | ₹48.00 | ₹39.44 | ₹6.53 | ₹46.24 |
| September 2025 | ₹28.83 | ₹19.32 | ₹7.06 | ₹61.73 |
Tejas Lalit Mehta
Jagruti Tejas Mehta
Dhara Tejas Mehta
Robust and well-diversified order book – Significant confirmed orders spread across various locations provide clear revenue visibility.
Guaranteed quality and regulatory compliance – ISO certifications and railway-approved services strengthen credibility and support repeat business.
Significant reliance on the Ministry of Railways – Unfavourable policy decisions or changes in tender norms could affect contracts and revenue streams.
Supplier concentration risk – Reliance on a small number of suppliers in certain regions could impact the timeliness of service delivery.
Repayment and/or pre-payment, in full or part, of borrowing availed by our Company.
To Meet Working Capital Requirements of our Company.
General Corporate Purpose.
Dhara Rail Projects Limited
208, 2nd Floor, Plot-16, The Jewel Roxy Chambers,
Mama Parmanand Marg, Opera House, Girgaon,
Mumbai-400004, Maharashtra, India
Phone: +91-22-23865040
E-mail: cs@drppl.com
Website: https://www.drppl.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
May Apply