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Dhara Rail Projects IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ [●] Cr. The company is based in Mumbai and caters to Railway sector. Hem Securities is the merchant banker of Dhara Rail Projects IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2025. Dhara Rail Projects IPO open date is [●] and close date is [●]. IPO Allotment Date is [●] and Listing date is [●].
IPO
Size:
₹ Cr.
Avg IPO Size (Sector Based)
: ₹
91.10 cr.
Sector: Railway
SME
IPO so far:
1
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
137
City:
Mumbai
SME
IPO so far:
306
Revenue (annualised):
₹
44.48
cr. 
PE
Ratio:
x
Average Sector PE Ratio: 23.58x
Dhara Rail Projects IPO size is ₹ [●] with IPO price of ₹ [●]. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| To Meet Working Capital Requirements of our Company | 28.00 |
| General Corporate Purpose | [●] |
Hem Securities Limited is the book-running lead manager of the Dhara Rail Projects IPO. Bigshare Services Private Limited is the Registrar for Dhara Rail Projects IPO.
Dhara Rail Projects IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Dhara Rail Projects IPO, based in Mumbai, operates in the Railway sector with a focus on Engaged in the business of executing various types of contractual railway projects and related services. The company is launching its SME Upcoming IPO on the NSE EMERGE exchange, using the Book Building Issue method. Dhara Rail Projects IPO size is ₹ [●] with fresh issue size of ₹ 0 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Dhara Rail Projects IPO is expected to be [●], after the finalization of basis of allotment. Investors can check Dhara Rail Projects IPO allotment status on the registrars website, Bigshare Services Private Limited . Dhara Rail Projects IPO refund dates are [●].
Dhara Rail Projects IPO is expected to be listed on [●].
The upper price band for the Dhara Rail Projects IPO is set at ₹ [●] per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Dhara Rail Projects IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Dhara Rail Projects IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of [●]. After submission, funds are blocked until the basis of allotment of Dhara Rail Projects IPO is finalised.
The merchant banker for Dhara Rail Projects IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Dhara Rail Projects IPO RHP for further details.
The registrar for Dhara Rail Projects IPO is Bigshare Services Private Limited . Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Dhara Rail Projects IPO through their official website or helpline.
Dhara Rail Projects IPO was subscribed [●] times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
[●]
Avg IPO Size (Sector Based)
:
₹ 91.10 Cr.
Sector: Railway
SME
IPO so far:
1
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
137
City:
Mumbai
SME
IPO so far:
306
Revenue (annualised):
₹ 44.48 cr.
PE
Ratio:
[●]
Average Sector PE Ratio: 23.58x
Dhara Rail Projects IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Dhara Rail Projects Financial Review Page
Merchant Banker(s) of Dhara Rail Projects IPO: Hem Securities Limited
Dhara Rail Projects IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Dhara Rail Projects IPO listed at a listing price of against the offer price of .
The current market price of Dhara Rail Projects is .
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