Mumbai, December 31, 2025
Dhara Rail Projects Limited (INE2HJL01019) made its stock market debut on Wednesday, listing at ₹148.90 per share, marking a ₹20.50 gain or 16.27% premium over its IPO issue price.
The equity shares were admitted to trading under the ST series, with the listing reflecting strong investor demand seen during the public issue.
IPO Pricing and Listing Performance
Dhara Rail Projects had fixed its IPO price band at ₹120 to ₹126 per share, with the issue priced at the upper end of ₹126. Based on this price, the stock’s listing at ₹148.90 translated into a double-digit percentage gain for investors.As per market data available at 09:38 AM IST, the listing price stood firm during the special pre-open session.
Subscription Highlights
The public issue witnessed robust demand across all investor categories, leading to heavy oversubscription.| Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 71.30x |
| Non-Institutional Investors (NII) | 146.66x |
| Retail Individual Investors (RII) | 95.35x |
| Total Subscription | 102.85x |
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Opening Date | December 23, 2025 |
| IPO Closing Date | December 26, 2025 |
| Price Band | ₹120 – ₹126 |
| Issue Price | ₹126 |
| Lot Size | 1,000 shares |
| Minimum Investment | ₹2,40,000 |
| Issue Size | ₹50.20 crore |
| Face Value | ₹10 |
| Tentative Allotment Date | December 29, 2025 |
| Tentative Listing Date | December 31, 2025 |
About the Company
Dhara Rail Projects Limited operates in the rail infrastructure space and is listed on the Indian stock exchanges under the equity segment. The company’s shares are traded in the ST series, reflecting its current listing classification.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.