NSE SME Bookbuilding IPO Fresh Capital Closed
Dhara Rail Projects Ltd IPO 2026
₹126
Issue Price
+₹14
GMP Today
39,84,000 (100.00%)
Total Shares Offered
₹140
Est. Listing
📅
Open Date
2025-12-23
📅
Close Date
2025-12-26
🎟️
Allotment
2025-12-29
⚡
UPI Mandate
2025-12-26
📱
Listing Date
2025-12-31
🔗
Script Code
TBA
Grey Market Premium (GMP)
LIVE
Current GMP
+₹14
+11.11% vs Issue Price
Estimated Listing: ₹140
Issue Price: ₹126
· Lot: 1,000 shares
Expected P&L (1 lot):
+₹14,000
on ₹126,000
GMP is unofficial grey market data. It does not guarantee listing price or returns.
Financial Overview
Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 28.83 | 48.00 | 34.23 |
| Profit After Tax | 7.06 | 6.53 | 2.97 |
| EBITDA | 9.60 | 5.28 | 1.33 |
| Net Worth | 19.95 | 12.89 | 6.36 |
| Total Assets | 61.73 | 46.24 | 47.29 |
| Reserves & Surplus | 8.85 | 12.79 | 6.26 |
| Total Borrowings | 21.29 | 21.33 | 28.17 |
Key Financial Ratios
67.85%
ROE
Return on Equity
25.59%
ROCE
Return on Capital Employed
50.66%
RONW
Return on Net Worth
14.67%
PAT Margin
PAT / Revenue
11.88%
EBITDA Mgn
EBITDA / Revenue
1.66
D/E Ratio
Debt to Equity
10.85
P/BV
Price to Book Value
Issue Details
Total Shares Offered
39,84,000 (100.00%)
Net Offer to Public
37,80,000 shares (agg. up to ₹47.63 Cr)
Market Maker Reservation
2,04,000 shares (agg. up to ₹2.57 Cr)
Pre-Issue Shareholding
1,11,00,000 shares%
Post-Issue Shareholding
1,50,84,000 shares%
Issue Price
₹126
Face Value
₹10
Lot Size
1,000 shares
Listing Exchange
NSE SME
Issue Type
Bookbuilding IPO
Objects of Issue
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
Lead Managers
Hem Securities Ltd
IPO Timeline
Open
2025-12-23
Close
2025-12-26
Allotment
2025-12-29
Listing
2025-12-31
Registrar Details
Company Information
Website
Email
cs@drppl.com
Phone
+91-22-23865040
Address
Gala No. O, 196-K, Girgaum Gaiwadi, Girgaum, Mumbai, Maharashtra, 400004
About Dhara Rail Projects Ltd
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
Quick Facts
GMP Signal
Bullish 🚀
Status
Closed
Issue Price
₹126
Lot Size
1,000 sh
Est. Listing
₹140
Pre-Issue Hold.
1,11,00,000 shares%
Post-Issue Hold.
1,50,84,000 shares%
Registrar
Bigshare Services Pvt.Ltd
GMP Profit Calculator
Est. Listing
GMP %
1 Lot Investment
Total Investment
Expected P&L
ROI
U
Ariant · Sponsored
₹0 AMC · Advanced Charts
Apply SME IPOs via UPI instantly