Dhara Rail Projects made a solid entry into the stock market on Tuesday, with its shares listing at a 19 percent premium over the IPO price on the NSE Emerge platform. The listing performance turned out to be better than market expectations, as the grey market had earlier indicated gains of around 13 percent.
The healthy debut reflects positive investor sentiment toward the company, supported by steady demand for railway infrastructure projects and improving outlook for the sector. Despite broader market volatility, the stock managed to attract buying interest at listing, signalling confidence in the company’s growth prospects.
Market participants said the stronger-than-expected listing suggests that investors are selectively backing SME IPOs with clear business visibility and sectoral tailwinds. Dhara Rail Projects’ performance also highlights that grey market estimates may not always fully capture actual listing demand.
With a premium debut now behind it, investors will closely track the company’s execution capabilities, order inflow, and financial performance to assess the stock’s sustainability in the secondary market.
