Dhara Rail Projects has released IPO and all details of IPO such as last date to apply, price, prospectus PDF and all other details are given below.
Dhara Rail Projects IPO Details
| IPO Open Date | December 23, 2025 |
| IPO Close Date | December 26, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹120 to ₹126 Per Share |
| Issue Size | Approx ₹50.20 Crores |
| Fresh Issue | Approx ₹50.20 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| Download Prospectus PDF | Click Here |
Dhara Rail Projects IPO Dates and Schedule
| IPO Open Date | December 23, 2025 |
| IPO Close Date | December 26, 2025 |
| Basis of Allotment | December 29, 2025 |
| Refunds | December 30, 2025 |
| Credit to Demat Account | December 30, 2025 |
| IPO Listing Date | December 31, 2025 |
| IPO Bidding Cut-off Time | December 26, 2025 – 5 PM |
About Dhara Rail Projects IPO
Dhara Rail Projects provides maintenance, repair, and electrical services to Indian Railways. The company helps ensure train safety by offering annual maintenance contracts and on-call repair services for train systems such as LED interior and emergency lighting, wiring, control units, and battery backup systems. Its services include maintenance and repair of train lighting systems, including those in Vande Bharat trains, maintenance of OHE tower wagons, repair of power car equipment and HVAC systems, and the supply, installation, testing, and commissioning of electrical equipment. Dhara Rail Projects also provides outsourced coach operation and troubleshooting services. The company mainly works with the Ministry of Railways and had a workforce of 849 employees as of August 31, 2025.
