Dhara Rail Projects Soars 19% on NSE SME Debut, IPO Heavily Subscribed

• Dhara Rail Projects debuted on NSE SME at ₹150, a 19% premium over its IPO price of ₹126.
• The ₹50.20 crore public issue, open from December 23-26, was oversubscribed 111.90 times.
• QIBs subscribed 71.30 times, NIIs 199.41 times, and Retail Investors 97.61 times.
• Company plans to use IPO funds for debt repayment, working capital, and general corporate purposes.
• Dhara Rail Projects reported a 40% revenue increase to ₹48 crore and a 120% net profit surge to ₹6.53 crore in FY2025.

Why It Matters: Dhara Rail Projects made a strong market entry with a 19% premium and massive oversubscription.