Haryana-based infrastructure construction company Dhariwal Buildtech has filed draft red herring prospectus (RHP) with the SEBI on September 27 as it is planning to mobilise Rs 950 crore via initial share sale.

The IPO comprises of entirely fresh issue with no offer-for-sale component.

The company may also consider raising some funds in its pre-IPO round. The exact amount has not been disclosed but, "the expected pre-IPO placement, if undertaken, shall not exceed Rs 190 crore (i.e. 20 percent of the fresh issue)," the company its draft papers said.

Dhariwal Buildtech that specialises in the construction of roads, highways, bridges, as well as tunnels, rural infrastructure and other civil works proposed to spend Rs 174.2 crore and Rs 300 crore of fresh issue proceeds, for repaying its ow

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