ListedSMERailways WagonsDHARARAIL

Dhara Rail Projects IPO

Dhara Rail Projects IPO is an SME IPO raising ₹50 Cr at ₹120 – ₹126 a share. It listed on 31 Dec 2025 at ₹150, +19.0% against its issue price of ₹126, and trades at ₹149 today (+18.3% since issue). It was subscribed 78× in total.

Get alerts on this company Company page

₹126

Issue price

₹149

Price now

+18.3%

Since issue price

31 Dec 2025

Listed on

78×Subscribed (final) · all exchanges

78.1 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹120 – ₹126

Cut-off price₹126

Issue size₹50 Cr

Shares per lot1000

Minimum application₹1,26,000

Minimum quantity2000

Face value₹10

Listing exchangesNSE

ISININE2HJL01019

Bidding hours10:00 – 17:00 IST

Bidding window23 Dec 2025 – 26 Dec 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.