Mumbai, Dec. 31 -- The stock listed at Rs 150, a 19.05% premium to the IPO price, and is currently up 0.53% over the listing price. It touched a high of Rs 155 and a low of Rs 142.60, with 20.95 lakh shares traded on the exchange.

Dhara Rail Projects' IPO was subscribed 103.99 times. The issue opened for bidding on 23 December 2025 and it closed on 26 December 2025. The price band of the IPO was fixed between Rs 120 to Rs 126 per share.

The IPO comprised a fresh issue of 39,84,000 equity shares. The promoter and promoter group shareholding diluted to 72.36% from 98.33% pre-issue.

The company intends to utilize the net proceeds for repayment or pre-payment, in full or part, of borrowing availed by the company, to meet working capital re...