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Dhara Rail Projects shares list at 19% premium over IPO price on NSE SME

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 ₹126. Dhara Rail Projects share price listed at ₹150 on the NSE SME platform, a premium of ₹24 or 19%. Soon after listing, the stock extended gains by another 3% to hit the day's peak of ₹155.

Dhara Rail Projects shares list at 19% premium over IPO price on NSE SME

Credit: Livemint

Key Highlights

  • 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 ₹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 bidding process.
  • The qualified institutional buyer (QIB) segment was booked 71.30 times, the non-institutional investor (NII) quota received 199.41 times bids, and the retail portion garnered 97.61 times bids.
  • The ₹50-crore Dhara Rail Projects IPO was entirely a fresh issue of shares.
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Sources

  1. Dhara Rail Projects shares list at 19% premium over IPO price on NSE SME

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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