Dhara Rail Projects IPO — Listing Performance
Dhara Rail Projects IPO facts & figures
| Issue category | SME |
|---|---|
| Issue open date | 23 Dec 2025 |
| Listing date | 31 Dec 2025 |
| Overall subscription | 103.99x |
| Issue price | ₹126 |
| Listing-day close | ₹157.50 (25%) |
| Recent market price | ₹149 (18.25% vs issue) |
| 52-week range | ₹90.05 – ₹169 |
| Identifiers | NSE: DHARARAIL · ISIN: INE2HJL01019 |
How the listing went
Dhara Rail Projects had a strong market debut, ending listing day 25% over the issue price, after the issue was subscribed an extraordinary 103.99 times.
Dhara Rail Projects against every other debut on record
- Rank in 2025: 51 of 215 NSE debuts, on a 25% first-day close.
- 76th percentile of 116 SME debuts in 2025 (median 6.52%).
- 6th of 24 debuts in December 2025.
- Subscribed 103.99x: 77th percentile of 165 SME issues with a figure; the 39 subscribed more than 100 times closed day one a median 36.1%.
- Opened 19.05% above issue, then added 5.95 points to the close.
- Day-one range ₹142.60 to ₹157.50: a 11.83% swing on the issue price.
- Last close ₹149 (11 Sep 2026): 18.25% above issue, against 25% on day one.
- 75% up its 52-week range of ₹90.05 to ₹169.
- Priced at the top of the ₹120 to ₹126 band.
- Listed 5 calendar days after close.
- All 601 SME debuts on record: median 14.22%, 79% closed above issue.
Computed over 1109 verified NSE debuts to 11 Sep 2026 · sources