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Dhariwal Buildtech gets Sebi's nod to raise Rs 950 crore via IPO

26 Dec 2025 Evaluate

Dhariwal Buildtech has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 950 crore through an initial public offering (IPO). The company’s maiden offering is completely a fresh issue of equity shares with no Offer For Sale (OFS) component.

Proceeds worth Rs 203 crore will be utilised for purchase of construction equipment; Rs 174.2 crore and Rs 300 crore will go towards debt payment of the company and its subsidiaries respectively and rest for general corporate purposes. To manage the public offering, SBI Capital Markets and HDFC Bank have been appointed as book-running lead managers. The equity shares of the company are proposed to be listed on BSE and NSE. 

Dhariwal Buildtech is the leading infrastructure construction company specialising in the construction of roads, highways, state highways, PMGSY roads, bridges, railway over bridges as well as tunnels, railways, irrigation, rural infrastructure and other civil works.


Peers
Company Name CMP
Larsen & Toubro 4008.35
Rail Vikas Nigam 305.05
NCC 170.40
KEC International 586.80
Kalpataru Projects 1280.75
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