New Delhi, Dec. 23 -- The initial public offering of Dhara Rail Projects opened for public subscription on December 23 and will remain open until Friday, December 26. The SME IPO has been priced in a band of Rs.20 to Rs.126 per share.

Through the issue, the company is looking to raise Rs.50.20 crore, entirely via a fresh issue of 0.40 crore equity shares, with no offer-for-sale component.

The basis of allotment for the Dhara Rail Projects IPO is expected to be finalised on Monday, December 29, 2025. Shares are likely to be credited to the demat accounts of successful bidders on Tuesday, December 30, with refunds for unsuccessful applicants also scheduled to be processed on the same day. The stock is proposed to be listed on the NSE SME,...