Dhariwal Buildtech Limited IPO: GMP today, Price, Review, Detail

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.

It has completed 29 projects across eight states with an order book of ~₹4,767 crore and 27 ongoing projects in 10 states.

Dhariwal Buildtech Limited has filed DRHP with SEBI for IPO with an issue size of ₹950 Crore consisting completely as Fresh Issue of ₹950 Crore & no Offer for Sale (OFS) .

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Issue Size:₹ 950 Crore
Fresh Issue:₹ 950 Crore
Offer for Sale:₹ 00 Crore
Price Range:TBA
Lot Size:TBA

Dhariwal Buildtech Limited important data points


Revenue, PAT, EBITDA

YearFiscal 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

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing payment₹ 174.22 Cr
Purchasing construction equipment₹ 203 Cr
General Corporate PurposeBalance
Investment in Subsidiaries₹ 300 Cr

Dhariwal Buildtech Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 618.5₹ 921.1₹ 1,153.0
Profit (₹ 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

Dhariwal Buildtech IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
25-Jan₹ –₹ –₹ –
24-Jan₹ –₹ –₹ –
23-Jan₹ –₹ –₹ –
22-Jan₹ –₹ –₹ –
21-Jan₹ –₹ –₹ –

Dhariwal Buildtech Limited

Dhariwal Buildtech Limited IPO Pros & Cons

Strengths:

Risks:

Dhariwal Buildtech Limited Promoters – Pre offer equity (Approx)

Chet Ram Dhariwal~26.48%
Aditya Dhariwal~20.32%
Chet Ram Dhariwal HUF~15.32%
Saroj Dhariwal~12.75%
Navita~12.75%
Deepak Dhariwal~9.56%

Dhariwal Buildtech Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)1₹ –
Retail (Max)13₹ –
Small HNI (Min)14₹ –
Small HNI (Max)66₹ –
Big HNI (Min)67₹ –

Lead Managers / Registrars of Dhariwal Buildtech Limited 

Lead / Book Running Lead ManagersSBI Capital Markets Limited, HDFC Bank Limited
Registrar (RTA)MUFG Intime India Pvt Ltd

Founding Year of Dhariwal Buildtech Limited & Managing Director

Dhariwal Buildtech Limited was incorporated in the year 2016.

Mr. Chet Ram Dhariwal is the Chairman and Managing Director of the company.

Dhariwal Buildtech Limited FAQ

  • 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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