Dhariwal Buildtech Files for ₹950 Crore IPO

Dhariwal Buildtech, a construction company based in Haryana, is planning to offer shares to the public through an Initial Public Offering (IPO).

They've filed paperwork to raise up to ₹950 crore, with all the money going to the company.

They might also sell some shares before the IPO to certain investors.

The company intends to use the money to pay off debts, buy construction equipment, and for general business expenses.

Dhariwal Buildtech builds roads, bridges, and other infrastructure projects across various states.

The company's revenue and profits have been growing in recent years.

SBI Capital Markets and HDFC Bank are helping manage the IPO, and the shares will be listed on the stock exchanges.