Dhariwal Buildtech Limited
Upcoming
0
IPO Score
0
*Score varies on actual price

Dhariwal Buildtech Limited is a Haryana‑based infrastructure construction company specialising in engineering, procurement and construction (EPC) of roads, highways, state highways, rural roads, bridges, tunnels, railway over bridges, irrigation, and other civil infrastructure projects across India. The company has filed the DRHP with SEBI to raise up to ₹950 crore through an entirely fresh issue of equity shares.

Dhariwal Buildtech Limited was incorporated in the year 2016.Mr. Chet Ram Dhariwal is the Chairman and Managing Director of the company.

It offers EPC infrastructure construction including roads, highways, bridges, railway over bridges, tunnels, irrigation and rural civil works across India.It has completed 29 projects across eight states with an order book of ~₹4,767 crore and 27 ongoing projects in 10 states.

Subscription date to apply for Dhariwal Buildtech Limited is yet to be announced. Price band for the IPO is yet to be declared.

Revenue, PAT, EBITDA
Year
2025
Networth
₹ 416.5 Cr
Revenue
₹ 1153 Cr
EBITDA
₹ 246.6 Cr
PAT
₹ 160.6 Cr
EBITDA Margin
~21.39%
PAT Margin
~13.93%
Face Value
Rs.10 per Equity Share
IPO Important Dates
#
Date
Open Date
TBA
Close Date
TBA
Anchor Investor Bidding
TBA
Allotment Date
TBA
Refunds& Demat Credit
TBA
Tentative Listing Date
TBA
Use Of Proceeds
Purpose
Amount
Borrowing payment
~ ₹ 174.22 Cr
Purchasing construction equipment
~ ₹ 203 Cr
Investment in Subsidiaries
~ ₹ 300 Cr
-
-
-
-
General Corporate Purpose
Balance
Financial Data
#
2023
2024
2025
Revenue (₹ Cr)
₹ 618.5
₹ 921.1
₹ 1,153.0
PAT (₹ Cr)
₹ 64.4
₹ 110.1
₹ 160.6
Asset (₹ Cr)
₹ 286.7
₹ 604.4
₹ 1,053.4
Net Worth (₹ Cr)
₹ 137.6
₹ 257.0
₹ 416.5
IPO Grey Market Premium
Date
IPO Price
IPO GMP
Profit Per Lot
08-Aug
₹ –
₹ –
₹ –
07-Aug
₹ –
₹ –
₹ –
06-Aug
₹ –
₹ –
₹ –
05-Aug
₹ –
₹ –
₹ –
04-Aug
₹ –
₹ –
₹ –
Promoters – Pre offer equity (Approx)
Promoters
% Shares
Chet Ram Dhariwal
~26.48%
Aditya Dhariwal
~20.32%
Chet Ram Dhariwal HUF
~15.32%
Saroj Dhariwal
~15.20%
Navita
~12.75%
Deepak Dhariwal
~9.56%
Lot Size details
Application Type
Lot Size
No. of Lot
No. of Shares
Investment Amount
Retail (Min)
1
₹ –
Retail (Max)
13
₹ –
HNI (Min)
14
₹ –
HNI (Max)
66
₹ –
Big HNI (Min)
67
₹ –
  • It is a Haryana‑based infrastructure construction company specialising in EPC of roads, highways, PMGSY roads, bridges, railway over bridges, tunnels, irrigation and other civil projects for government and public sector clients.
  • Dhariwal Buildtech is raising funds via IPO to repay borrowings, invest in subsidiaries, purchase construction equipment, and support growth and to scale its infrastructure project execution.
  • The issue size of the IPO is approx ₹ 950 crore. It will be listed on the BSE & NSE platform.
  • Risks for the IPO are its dependency on government contract awards, execution and delay risks in large projects, competition in EPC bids, regulatory changes, and cyclical infrastructure spending affecting revenues.
  • Positive sides of Dhariwal Buildtech is its strong order book, consistent project execution track record, infrastructure growth tailwinds, expanding geographic reach, and improved financial scale with IPO funding support.
  • You can apply for the IPO online via your broker or bank’s IPO/ASBA facility using UPI/net banking, select Dhariwal Buildtech IPO & enter desired lots.
  • Expected listing date is yet to be announced.

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