New Delhi, Dec. 31 -- Dhara Rail Projects IPO listing: Shares of Dhara Rail Projects IPO made a stellar debut in the Indian stock market today, December 31, as they listed at a premium of 19% over their initial public offering (IPO) price of Rs.126.

Dhara Rail Projects share price listed at Rs.150 on the NSE SME platform, a premium of Rs.24 or 19%. Soon after listing, the stock extended gains by another 3% to hit the day's peak of Rs.155.

The listing was better-than-expectations as signalled by the grey market premium (GMP). Ahead of the stock market debut, Dhara Rail Projects IPO GMP today was Rs.16.5 - suggesting a listing pop of 13%.

The IPO of Dhara Rail Projects closed with a solid subscription of 111.90 times at the end of the bi...