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Dhara Rail Projects: IPO, Share Price and Results Since Listing
Dhara Rail Projects listed on NSE Emerge on 31 December 2025 after an IPO at INR 126 a share. On 6 November 2026 the shares closed at INR 133.95, 6.31% above the issue price. For H1 FY2027 it reported revenue of INR 35.89 crore and a profit after tax of INR 10.19 crore.
Key Facts
- IPO dates
- 23 December 2025 to 26 December 2025
- Issue price
- INR 126
- Issue size
- INR 50.20 crore
- Subscription
- 112.01 times
- Lead manager
- Hem Securities Limited
- Listing day
- opened at INR 150 (+19.05%), closed at INR 157.50 (+25%)
- Listed on NSE Emerge
- 31 December 2025
- Symbol
- DHARARAIL
- Latest close
- INR 133.95 on 6 November 2026 (last traded day)
- Against issue price
- +6.31%
- Lot size now
- 1,000 shares (INR 1,33,950 at the latest close)
Results Filed With NSE
Consolidated figures, INR crore. Change compares with the same period a year earlier.
| Period | Revenue | Change | Profit after tax | EPS (INR) | Filed | |
|---|---|---|---|---|---|---|
| H1 FY2027 | 35.89 | – | 10.19 | 6.76 | after listing | 7 November 2026 |
| H2 FY2026 | 28.37 | – | 8.38 | 6.38 | after listing | 25 May 2026 |
| FY2026 | 56.74 | – | 15.44 | 12.75 | after listing | 25 May 2026 |
Promoter Holding
Promoter holding has moved from 72.36% on 29 December 2025 to 74.56% on 30 September 2026 (+2.20 percentage points).
| As of | Promoters | Public |
|---|---|---|
| 30 September 2026 | 74.56% | 25.44% |
| 31 March 2026 | 74.56% | 25.44% |
| 29 December 2025 | 72.36% | 27.64% |
Anchor Lock-ins
| Lock-in | Ends |
|---|---|
| 30 days | 28 January 2026 |
| 90 days | 29 March 2026 |
Sources: NSE Emerge filings (results XBRL, shareholding pattern, board meetings), NSE daily price files, and IPO records. Prices are not adjusted for bonus issues or splits.