When does Dhara Rail Projects IPO subscription close?

Dhara Rail Projects IPO subscription closes on 2025-12-26.

DHARARAILSME / NSEListed

Dhara Rail Projects

Incorporated in 2010, Dhara Rail Projects Ltd is an ISO 9001:2015 certified company providing comprehensive maintenance and repair services for railway rolling stock systems. The company’s offerings include annual maintenance contracts (AMC) and repairs for train lighting systems across all types of trains, including Vande Bharat, Overhead Equipment (OHE) maintenance vehicles such as Tower Wagons, Power Car equipment, and HVAC systems. It also provides supply, installation, testing, and commissioning (SITC) of electrical equipment for rolling stock, along with outsourced services for coach operations and troubleshooting. Primarily, Dhara Rail Projects collaborates with the Ministry of Railways, Government of India, through tenders and partnerships with OEMs.

DRHP anchor

₹120 - ₹126112.01x sub

Listed Price₹150.00

Listing Gain+19.05%

DHARARAILSME / NSEListed

Dhara Rail Projects IPO Subscription

Q: What is the live subscription status of Dhara Rail Projects IPO?

Dhara Rail Projects IPO has been subscribed 112.01x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Investors.

DRHP Document anchor Document

Price Band₹120 - ₹126

Lot Size1,000 shares

Min Bid₹1,26,000

Subscription112.01x

Listed Market Snapshot

₹150.00Listed price from market data

+19.05%listing gain

Issue Amount

₹50.2 Cr

Listed Price

₹150.00

Current Price

₹135

Registrar

Bigshare Services Private Limited

Subscription Status

112.01xTotal Demand

Updated 20 Oct 2026, 01:30 AM

QIB71.30x

🔥 Blockbuster Sizzling Demand!Offered: 7,56,000 sh

Nib199.78x

🔥 Blockbuster Sizzling Demand!Offered: 5,67,000 sh

Hnis(10l +)238.21x

🔥 Blockbuster Sizzling Demand!Offered: 3,78,000 sh

Hnis (2-10l)122.92x

🔥 Blockbuster Sizzling Demand!Offered: 1,89,000 sh

Retail97.66x

🔥 Blockbuster Sizzling Demand!Offered: 13,24,000 sh

Category	Offered (Shares)	Applied (Shares)	Times Subscribed
QIB	7,56,000	5,39,06,000	71.3x
Nib	5,67,000	11,32,77,000	199.78x
Hnis(10l +)	3,78,000	9,00,45,000	238.21x
Hnis (2-10l)	1,89,000	2,32,32,000	122.92x
Retail	13,24,000	12,93,00,000	97.66x

Category	Offered	Applied	Times
QIB	7,56,000	5,39,06,000	71.3x
Nib	5,67,000	11,32,77,000	199.78x
Hnis(10l +)	3,78,000	9,00,45,000	238.21x
Hnis (2-10l)	1,89,000	2,32,32,000	122.92x
Retail	13,24,000	12,93,00,000	97.66x

Segment Subscription Demand

Segment / Category	Demand (Shares)	Offered (Shares)	Times Sub.
QIB	679.22	9.53	71.27x
Fiis	122.13	0	Open
Fis	71.35	0	Open
Others	485.73	0	Open
Retail	1,629.18	16.68	97.67x
Hnis 2+	292.72	2.38	122.99x
Hnis 10+	1,134.57	4.76	238.36x

Application-wise Breakup

Category	Reserved	Applied	Times Sub.
QIB	0	71	Open
Nib	0	18,403	Open
Retail	662	64,650	97.66x
Hnis(10l +)	126	10,917	86.64x
Hnis (2-10l)	63	7,486	118.83x

Bidding status cross-verified with live IPO subscription numbers ↗BSE & NSE Bidding Portal Feed

About Dhara Rail Projects IPO Subscription Demand

Live subscription status and bidding analysis for Dhara Rail Projects (DHARARAIL) IPO. The issue is subscribed 112.01x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.