The Dhara Rail Projects IPO is an NSE SME bookbuilding public issue consisting entirely of a fresh issue worth ₹50.20 crore. The IPO opened for subscription on December 23, 2025 and closed on December 26, 2025. Investors who applied during the IPO window are now awaiting the allotment announcement.
🔍 Dhara Rail Projects IPO Allotment Status
The Dhara Rail Projects IPO allotment is expected to be finalized on Monday, December 29, 2025. Once the basis of allotment is completed, applicants can check their allotment status through the official registrar website.
Status: ALLOTMENT PENDING / UPCOMING
Refund initiation and credit of shares to demat accounts are expected on December 30, 2025. The shares are scheduled to list on the NSE SME platform on December 31, 2025.
📌 Dhara Rail Projects IPO Details
- Issue Size: ₹50.20 crore
- Price Band: ₹120 – ₹126 per share
- Lot Size: 1,000 shares
- Minimum Retail Investment: ₹2,52,000
- Face Value: ₹10 per share
- Issue Type: Bookbuilding IPO (SME)
- Listing: NSE SME
- Registrar: Bigshare Services Pvt. Ltd.
📅 IPO Timeline
| IPO Open Date | Dec 23, 2025 |
| IPO Close Date | Dec 26, 2025 |
| Allotment Date | Dec 29, 2025 |
| Refunds / Demat Credit | Dec 30, 2025 |
| Listing Date | Dec 31, 2025 |
🏢 About Dhara Rail Projects Ltd.
Dhara Rail Projects Limited is an ISO 9001:2015 certified company engaged in annual maintenance contracts (AMC), repairs, and services for railway rolling stock systems.
The company primarily works with the Ministry of Railways, Government of India, executing contracts related to AMC, repairs, SITC, and outsourced railway services across India. With growing revenue, improving profitability, and strong return ratios, Dhara Rail Projects has gained attention in the SME IPO segment linked to railway infrastructure.
Bookmark this page to stay updated on the Dhara Rail Projects IPO allotment status, refunds, and NSE SME listing performance.
Considering Dhara Rail’s involvement with the Ministry of Railways, it could be an interesting investment opportunity given the importance of rail infrastructure in India. However, with the high minimum investment, it may be out of reach for some smaller retail investors.