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Home › IPOs › Dhara Rail Projects Ltd › Subscription
DH
Dhara Rail Projects Ltd
CLOSED NSE SME Bookbuilding IPO Fresh Capital Dhara Rail Projects IPO GMP
GREY MARKET PREMIUM
₹ + 14
+11% expected return
EST. LISTING PRICE
₹140
Issue Price: ₹ 126
Issue Price
₹126
Face Value
₹10
Lot Size
1,000 shares
Open Date
23 Dec 2025
Close Date
26 Dec 2025
Allotment
29 Dec 2025
Listing Date
31 Dec 2025
Exchange
NSE SME

Dhara Rail Projects IPO Details: Price, Dates & Financials

The Dhara Rail Projects IPO GMP strength score is 7.7 out of 10, which the dashboard rates as Good. The Dhara Rail Projects IPO valuation is tagged Strong. The Dhara Rail Projects IPO QIB category is reserved for 47.41% of the offer. The Dhara Rail Projects IPO NII/HNI category is reserved for 14.23% of the offer. The Dhara Rail Projects IPO Retail (RII) category is reserved for 33.23% of the offer. Live subscription numbers for the Dhara Rail Projects IPO are not yet available, and amounts are calculated at the upper price band of ₹126.

IPO Analytics Dashboard
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Dhara Rail Projects IPO GMP Insights
👤
Retail Demand
Good
💼
HNI Interest
Good
🏦
QIB Demand
Strong
📊
Valuation
Strong
Dhara Rail Projects IPO GMP Strength Score
8 / 10 Good
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Dhara Rail Projects IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB — 1,889,000 (47%) —
💼 NII / HNI — 567,000 (14%) —
👤 Retail (RII) — 1,324,000 (33%) —
📊 Market Maker — 204,000 (5%) —
Σ Total — 3,984,000 (100%) —

* Amount calculated at upper price band (₹126) ·  ** Total includes all investor categories

Subscription Overview Share allocation by investor category
🏦
QIB ? 1,889,000 (47%)
47%
💼
NII / HNI ? 567,000 (14%)
14%
👤
Retail (RII) ? 1,324,000 (33%)
33%
📊
Market Maker ? 204,000 (5%)
5%
Total Shares Offered 3,984,000 (100%)
Dhara Rail Projects IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 2
Shares / Lot 2,000
Min. Investment ₹252,000
💼 HNI Investors ?
Min. Lots 3
Min. Shares 3,000
Min. Investment ₹378,000
Dhara Rail Projects IPO Valuation — EPS & P/E Pre & post-issue metrics
Pre-Issue EPS ?
₹ 6
Post-Issue EPS ?
₹ 9
Pre-Issue P/E ?
21 x
Post-Issue P/E ?
13 x
Dhara Rail Projects IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 30 Dec 2025
  2. 2 📂 Credit of Shares to Demat 30 Dec 2025
Investor Interpretation
  • Retail allocation is good at 33% of the total offering.
  • HNI/NII demand is good at 14%.
  • Institutional (QIB) interest is strong at 47%.
  • The IPO P/E of 13x reflects a strong valuation relative to typical market ranges.
  • Pre-issue EPS of ₹6 compares to post-issue EPS of ₹9 after dilution.

This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.

Dhara Rail Projects IPO Subscription FAQs
Subscription data for Dhara Rail Projects IPO is not available right now. Numbers are updated here during the bidding window.
In Dhara Rail Projects IPO, retail investors can apply for a minimum of 2 lot(s) (₹₹252,000); HNI/sNII minimum 3 lots (₹₹378,000).
Shares offered by category — QIB 1,889,000 (47%) shares, Retail 1,324,000 (33%) shares.
Dhara Rail Projects IPO valuation — pre-issue EPS ₹5.88, post-issue EPS ₹9.37, pre-issue P/E 21.43, post-issue P/E 13.45.
Subscription is shares bid for divided by shares offered in that category. If 10 lakh shares are offered and 50 lakh are bid for, the category is subscribed 5 times. Final numbers are confirmed after the bidding closes.
The NII category covers investors applying for shares outside the retail investor category, while HNI commonly refers to high-value investors within the NII category. Understanding the Dhara Rail Projects IPO's NII and HNI subscription levels helps investors assess demand for the Dhara Rail Projects IPO and overall investor interest.

GMP and IPO data are unofficial and for information only — not investment advice. Read the full disclaimer.