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HomeIPODhara Rail Projects

About Dhara Rail Projects

Incorporated in 2010, Dhara Rail Projects Ltd is an ISO 9001:2015 certified company that offers various services like annual maintenance contracts and repair services for railway rolling stock systems.The key services that are included in the package are:AMC and repairs of the 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 of trains.SITC of Electrical Equipment for all types of Rolling Stocks.Outsourced services involving coach operations, troubleshooting.Basically, it undertakes tender participation or partnering with OEMs with the Ministry of Railways, Government of India.

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Revenue Growth

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Dhara Rail Projects

Dhara Rail Projects

Open Date

23 Dec 2025

Close Date

26 Dec 2025

listed

Min Investment

₹252000

Lot Size

2000 Shares

Issue Size

₹50.2 Cr

Price Range

₹120 - ₹126

Listing Date

Dec 31, 2025

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RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹11.5(+8.73%)GMP
9.13%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Dhara Rail Projects IPO - Issue Objectives

₹7 crore will be used for the repayment of borrowing availed by the company. The company will utilise ₹30.50 crore for working capital requirements Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Repayment of borrowings

13.94%

Working capital

60.76%

General corporate

25.3%

1

Repayment of borrowings

₹7 crore will be used for the repayment of borrowing availed by the company.

13.94%
2

Working capital

The company will utilise ₹30.50 crore for working capital requirements

60.76%
3

General corporate

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

25.30%

IPO Subscription Status

QIB
71.30x
NII
199.77x
Total
111.98x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Dhara Rail Projects

In Cr.

Key Performance Indicator30-Sep-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue28.8348.0034.2327.39
EBITDA9.605.281.330.75
Expenses
Profit After Tax7.066.532.971.06
Assets61.7346.2447.2933.98
Net Worth19.9512.896.363.39
Reserves8.8512.796.263.29
Borrowing21.2921.3328.1722.74

Dhara Rail Projects - Promoter(s)

Tejas Lalit Mehta

Jagruti Tejas Mehta

Dhara Tejas Mehta

Pre Issue Share Holding

98.33%

Post Issue Share Holding

72.36%

Contact Details

Dhara Rail Projects

Gala No. O, 196-K, Girgaum Gaiwadi, Girgaum, Mumbai, Maharashtra, 400004

+912223865040
cs@drppl.com
https://drppl.com/

Registrar Contact Details

Bigshare Services Pvt.Ltd.

+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/ipo_status.html

Dhara Rail Projects IPO - FAQs

Dhara Rail Projects IPO is a SME IPO. The issue is priced at ₹120-126 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on 23 Dec, and closes on 26 Dec. Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on SME.

IPO Timeline

  • Pre Apply2025-12-22
  • Bidding Starts2025-12-23
  • Bidding Ends2025-12-26
  • Allotment Finalisation2025-12-29
  • Release of Funds2025-12-30
  • Demat Transfer2025-12-30
  • Listing2025-12-31