211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Dhariwal Buildtech Limited IPO Peer Comparison

Dhariwal Buildtech IPO is a MainBoard Upcoming IPO coming on BSE,NSE with an IPO size of [●] .
This IPO falls under the Infrastructure sector, which has seen 48 IPOs to date. Key sector metrics such as average PE ratio, IPO size, EBITDA margin, and PAT margin are compared below with the figures from the Dhariwal Buildtech IPO.

Dhariwal Buildtech
IPO Details


IPO Industry -
Infrastructure

IPOs So Far: 48

Issue Size (IPO)

[●]

Total Fund Raised

₹ 39,077.04 Cr.

Average Issue Size

₹ 814.11 Cr.

PE Ratio (IPO)

[●] x

Average PE Ratio

17 x

EBITDA Margin (IPO)

21.38 %

Average EBITDA Margin

21.71 %

PAT Margin (IPO)

13.93 %

Average PAT Margin

-0.81 %

Dhariwal Buildtech
IPO Details

IPO Industry

Infrastructure

IPOs So Far 48


IPO Fund Raised

[●]

Total Fund Raised

₹ 39,077.04 Cr.

Average Fund Raised

₹ 814.11 Cr.

IPO PE Ratio

[●] x

IPO EBITDA

21.38 %

IPO PAT

13.93 %

Average PE Ratio

17 x

Average EBIDTA

21.71 %

Average PAT

-0.81 %

Peer Companies of Dhariwal Buildtech IPO as Per DRHP

Dhariwal Buildtech IPO Peer Comparison with key metrics mentioned in the DRHP.

Company Name
Total Revenue
FV
PE
Basic EPS
Diluted EPS
RoNW %
NAV (In Cr)
NAV (per share)
1152.98
10
16.91
16.91
38.56
416.52
43.78
3436.73
5
15.39
17.04
17.04
15.54
1843.83
105.84
G R Infraprojects Ltd
7394.70
5
11.93
104.88
108.41
11.94
8503.20
878.97
H.G. Infra Engineering Ltd
5056.18
10
12.13
77.55
77.55
2949.76
452.62
5693.49
5
12.09
51.70
51.70
13.01
3007.10
397.42
4753.17
2
5.56
35.62
35.62
4541.18
161.47
6768.68
2
9.35
31.79
31.79
5988.97
233.45
Company Name Total Revenue FV PE Basic EPS Diluted EPS RoNW % NAV (In Cr) NAV (per share)
Dhariwal Buildtech Limited 1152.98 10 16.91 16.91 38.56 416.52 43.78
Ceigall India Limited 3436.73 5 15.39 17.04 17.04 15.54 1843.83 105.84
G R Infraprojects Ltd 7394.70 5 11.93 104.88 108.41 11.94 8503.20 878.97
H.G. Infra Engineering Ltd 5056.18 10 12.13 77.55 77.55 2949.76 452.62
J Kumar Infraprojects Limited 5693.49 5 12.09 51.70 51.70 13.01 3007.10 397.42
KNR Constructions Limited 4753.17 2 5.56 35.62 35.62 4541.18 161.47
PNC Infratech Limited 6768.68 2 9.35 31.79 31.79 5988.97 233.45
Notes

1. Financial information for the Company is derived from the Restated Consolidated Financial Statements as at and for the financial year ended March 31, 2025.

2. The numbers of Ceigall India Limited are based upon consolidated financial results for the year ended March 31, 2025.

3. The numbers of G R Infraprojects Ltd. are based upon consolidated financial results for the year ended March 31, 2025.

4. The numbers of H.G. Infra Engineering Ltd. are based upon consolidated financial results for the year ended March 31, 2025.

5. The numbers of J. Kumar Infraprojects Ltd. are based upon consolidated financial results for the year ended March 31, 2025.

6. The numbers of KNR Constructions Ltd. are based upon consolidated financial results for the year ended March 31, 2025.

7. The numbers of PNC Infratech Ltd.. are based upon consolidated financial results for the year ended March 31, 2025.

8. P/E Ratio has been computed based on the closing market price of the equity shares (Source: BSE) on September 26, 2025, divided by the diluted EPS of March 31, 2025

9. EPS of the peers is taken as per disclosed in stock exchange filings , Diluted EPS refers to the diluted earnings per share of the respective company.

10. Return on Net Worth (%) = Net Profit after tax, as restated / Restated net worth at the end of the year/period.

11. NAV represents the ‘Net worth’ under Ind-As: Net worth has been defined as the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the restated consolidated balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation, in accordance with Regulation 2(1)(hh) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. It includes non-controlling interest.

12. Net Asset Value per equity share represents net worth as at the end of the financial year, as restated, divided by the number of Equity Shares outstanding at the end of the year.

13. The information about the peer companies have been sourced from their annual reports, investor presentations and their other stock exchange filings.

Peer Comparison of Dhariwal Buildtech IPO in This Sector

You can do performance analysis for Dhariwal Buildtech IPO with Listed IPOs in the Infrastructure sector and review their IPO performance based on Merchant banker, Listing price, IPO Valuation and other metrics.

Select Listed IPO for Comparison:
Basis
Dhariwal Buildtech IPO
vs
vs
vs

IPO Date
[●]


IPO Size
[●]

Total Assets
₹ 1,053.42 Cr.

Revenue
₹ 1,152.98 Cr.

PAT
₹ 160.59 Cr.

PAT Margin
13.93 %

Leverage Ratio
1.16 x

PE Multiple
[●] x

EV/EBITDA
1.69 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

IPO Performance Report of Infrastructure Sector

This IPO report captures the post-listing performance of IPOs in the Infrastructure sector, featuring key metrics like offer price, listing gain, and CMP to help investors assess return potential and sector sentiment.

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Pace Digitek IPO
Financial Report >>
₹ 219.00 ₹ 225.00 2.74% ₹ 216 -2%
Jinkusal Industries IPO
Financial Report >>
₹ 121.00 ₹ 125.00 3.31% ₹ 113 -6%
Highway Infrastructure IPO
Financial Report >>
₹ 70.00 ₹ 115.00 64.29% ₹ 80 15%
M&B Engineering IPO
Financial Report >>
₹ 385.00 ₹ 385.00 0.00% ₹ 374 -3%
Aris Infra IPO
Financial Report >>
₹ 222.00 ₹ 205.00 -7.66% ₹ 161 -27%
Ajax Engineering IPO
Financial Report >>
₹ 629.00 ₹ 576.00 -8.43% ₹ 634 1%
Denta Water IPO
Financial Report >>
₹ 294.00 ₹ 346.45 17.84% ₹ 444 51%
Capital Infra IPO
Financial Report >>
₹ 100.00 ₹ 99.00 -1.00% ₹ 77 -23%
Enviro Infra IPO
Financial Report >>
₹ 148.00 ₹ 207.07 39.91% ₹ 246 66%
Afcons Infrastructure IPO
Financial Report >>
₹ 463.00 ₹ 474.55 2.49% ₹ 459 -1%
Deepak Builders IPO
Financial Report >>
₹ 203.00 ₹ 161.90 -20.25% ₹ 170 -16%
Ceigall India IPO
Financial Report >>
₹ 401.00 ₹ 386.05 -3.73% ₹ 262 -35%
Bharat Highways IPO
Financial Report >>
₹ 100.00 ₹ 103.05 3.05% ₹ 115 15%
Udayshivakumar Infra IPO
Financial Report >>
₹ 35.00 ₹ 31.50 -10.00% ₹ 30 -14%
POWERGRID Infrastructure IPO
Financial Report >>
₹ 100.00 ₹ 102.98 2.98% ₹ 95 -5%
RailTel Corporation IPO
Financial Report >>
₹ 94.00 ₹ 121.40 121.40% ₹ 391 316%
IRCON International IPO
Financial Report >>
₹ 475.00 ₹ 416.65 416.65% ₹ 179 89%
H.G. Infra IPO
Financial Report >>
₹ 270.00 ₹ 270.05 270.05% ₹ 933 246%
Bharat Road IPO
Financial Report >>
₹ 205.00 ₹ 208.15 208.15% ₹ 24 -88%
Salasar Techno IPO
Financial Report >>
₹ 108.00 ₹ 259.15 259.15% ₹ 9 -19%
PSP Projects IPO
Financial Report >>
₹ 210.00 ₹ 208.95 208.95% ₹ 764 264%
IRB InvIT IPO
Financial Report >>
₹ 102.00 ₹ 101.79 101.79% ₹ 62 -39%
Sadbhav Infrastructure IPO
Financial Report >>
₹ 103.00 ₹ 106.15 106.15% ₹ 4 -96%
PNC Infratech IPO
Financial Report >>
₹ 378.00 ₹ 360.20 360.20% ₹ 286 279%
MEP Infrastructure IPO
Financial Report >>
₹ 63.00 ₹ 60.95 60.95% ₹ 2 -97%
National Buildings IPO
Financial Report >>
₹ 106.00 ₹ 97.05 97.05% ₹ 111 948%
Prakash Constrowell IPO
Financial Report >>
₹ 138.00 ₹ 229.50 229.50% ₹ 1 -96%
RPP Infra IPO
Financial Report >>
₹ 75.00 ₹ 68.95 -8.07% ₹ 125 66%
Ashoka Buildcon IPO
Financial Report >>
₹ 324.00 ₹ 333.35 333.35% ₹ 185 14%
Ramky Infrastructure IPO
Financial Report >>
₹ 450.00 ₹ 387.35 387.35% ₹ 638 42%
Jaypee Infratech IPO
Financial Report >>
₹ 102.00 ₹ 91.30 91.30% [●] 0.00%
IL&FS Transportation IPO
Financial Report >>
₹ 258.00 ₹ 273.75 273.75% ₹ 3 -99%
Man Infraconstruction IPO
Financial Report >>
₹ 252.00 ₹ 348.25 348.25% ₹ 145 188%
ARSS Infrastructure IPO
Financial Report >>
₹ 450.00 ₹ 736.30 736.30% ₹ 54 -88%
MBL Infrastructures IPO
Financial Report >>
₹ 180.00 ₹ 205.75 205.75% ₹ 43 -76%
Niraj Cement IPO
Financial Report >>
₹ 190.00 ₹ 190.15 190.15% ₹ 44 -77%
Gammon Infrastructure IPO
Financial Report >>
₹ 167.00 ₹ 157.90 157.90% [●] 0.00%
IRB Infrastructure IPO
Financial Report >>
₹ 185.00 ₹ 189.05 189.05% ₹ 42 126%
KNR Constructions IPO
Financial Report >>
₹ 180.00 ₹ 154.35 154.35% ₹ 194 438%
J Kumar IPO
Financial Report >>
₹ 110.00 ₹ 102.70 102.70% ₹ 646 1075%
Kaushalya Infrastructure IPO
Financial Report >>
₹ 60.00 ₹ 82.25 82.25% ₹ 1,144 -81%
Maytas Infra IPO
Financial Report >>
₹ 370.00 ₹ 614.30 614.30% ₹ 29 -92%
Supreme Infrastructure IPO
Financial Report >>
₹ 108.00 ₹ 175.25 175.25% ₹ 103 -5%
Consolidated Construction IPO
Financial Report >>
₹ 510.00 ₹ 791.45 791.45% ₹ 25 -76%
C&C Constructions IPO
Financial Report >>
₹ 291.00 ₹ 239.90 -17.56% [●] 0.00%
Global Vectra IPO
Financial Report >>
₹ 200.00 ₹ 187.40 187.40% ₹ 194 -3%
Atlanta Limited IPO
Financial Report >>
₹ 150.00 ₹ 192.30 192.30% ₹ 65 116%
Deep Industries IPO
Financial Report >>
₹ 36.00 ₹ 27.90 27.90% [●] 0.00%

Sector wise IPO Performance Report Available >>

Dhariwal Buildtech IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

Listed Peers IPO Details

Dhariwal Buildtech Limited
[●]
IPO Size : [●]
Ceigall India Limited
8th August 2024
IPO Size : 1252.66 Cr.
G R Infraprojects Ltd
[●]
IPO Size : [●]
H.G. Infra Engineering Ltd
[●]
IPO Size : [●]
J Kumar Infraprojects Limited
12th February 2008
IPO Size : 71.50 Cr.
KNR Constructions Limited
18th February 2008
IPO Size : 133.87 Cr.
PNC Infratech Limited
26th May 2015
IPO Size : 488.44 Cr.
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Explore Other DRHPs

Pace Digitek Limited

  Infrastructure

  Bangalore


Jinkusal Industries Limited

  Infrastructure

  Raipur


Highway Infrastructure Limited

  Infrastructure

  Indore


M&B Engineering Limited

  Infrastructure

  Ahmedabad


Aris Infra Solutions Limited

  Infrastructure

  Mumbai


Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

FAQs of Dhariwal Buildtech IPO

Who are the peers of Dhariwal Buildtech IPO

The peers of Dhariwal Buildtech , include other listed companies operating in the (Infrastructure) segment. These peer companies typically offer similar services Some of the notable peers as per the DRHP of this company are Dhariwal Buildtech Limited , Ceigall India Limited , G R Infraprojects Ltd H.G. Infra Engineering Ltd J Kumar Infraprojects Limited , KNR Constructions Limited , PNC Infratech Limited ,
See the complete list of current IPO

What is Peer Comparison in IPO Analysis?

Peer Comparison is the method of evaluating an entity by comparing its performance, size of business form other entities operating in same industry or sector. It involves financial analysis by comparing key financial metrics like Profitability, Net worth, Market Capitalization and Leverage IPO Performance tracker

Why Peer Comparison is important for IPO Review?

Peer comparison helps to identify companies in the same sector with a similar business. It helps to compare the financial performance and valuation against its listed peers. An investor or an analyst can decide whether the IPO price is justified when compared to its peers. An investor can make informed decision whether to apply to IPO or not on basis of peer comparison. Know the process of DRHP and Peer companies Information required to be disclosed in DRHP.

As of now 48 IPOs are listed in this sector indicating strong growth in this sector. Choosing the best IPO depends on factors like, financial performance, valuation, market trends and future growth plans. IPO Review and performance.

What is a good PE ratio for an Infrastructure company?

A good PE Ratio for Infrastructure sector depends on various factors like, performance of the company, market conditions, company valuation and IPO Size. PE Ratio varies from sector to sector and company to company. Know the average PE Multiple in each sector.

How many companies are listed in the Infrastructure sector?

Currently 48 companies are listed under Infrastructure sector. Based on the latest data from the Stock Exchanges. Choose the Best Merchant Banker from the Merchant Banker List

Is Dhariwal Buildtech IPO good in comparison with its competitors?

Performance of companies depends on various factors like, profits, future plans, Market share, PE Ratio etc. By assessing these factors investor can make better investment decisions.Dhariwal Buildtech Peer comparison provides IPO analysis of companies listed in this sector, on the basis of different Key performance indicators (KPI)like, Listing Gain of peers, current market price, PE Ratio and IPO Size.

Which are the Upcoming IPO in the Infrastructure sector?

Upcoming IPO refers to companies which have filed their DRHP with the Stock exchange and are awaiting approval from NSE or BSE 14 companies have filed their DRHP for IPO under Infrastructure sector. .New IPO 2025-2026 and Upcoming IPO

How to calculate the PE multiple based on your sector?

PE Multiple is a metrics that is widely used for IPO Valuation. Merchant bankers in coordination with the company decides the PE Multiple.The PE Multiple depends on various factors and it should be analyzed in coordination with other financial metrics. Know the PE ratio of your company with PE Calculator provided by IPOplatform

Explore Other DRHPs

Pace Digitek Limited

  Infrastructure

  Bangalore


Jinkusal Industries Limited

  Infrastructure

  Raipur


Highway Infrastructure Limited

  Infrastructure

  Indore


M&B Engineering Limited

  Infrastructure

  Ahmedabad


Aris Infra Solutions Limited

  Infrastructure

  Mumbai


Read more details of this IPO

Peer Companies Of This Sector

FAQs

Dhariwal Buildtech operates in Infrastructure and An Infrastructure Construction Firm With Expertise In Building Civil Engineering Projects. The Issue is listed on BSE,NSE in Oct, 2025. Dhariwal Buildtech IPO size was with Issue price of .

Merchant Banker(s) of Dhariwal Buildtech IPO: Hdfc Bank Limited , SBI Capital Markets Limited

Dhariwal Buildtech IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Dhariwal Buildtech IPO listed at a listing price of against the offer price of .

The current market price of Dhariwal Buildtech is .

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency