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.


