New Delhi, Sept. 29 -- A Haryana-based infrastructure construction company, Dhariwal Buildtech, has filed a draft red herring prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (SEBI), over the weekend to raise funds via an initial public offering (IPO).

Dhariwal Buildtech IPO will entirely be a fresh issue worth up to Rs.950 crore, with no offer for sale component. This means all proceeds will go to the company and not the selling shareholders.

The company, though, in consultation with the book-running lead managers, may consider a pre-IPO placement offer of up to Rs.190 crore - 20% of the size of the fresh issue. If such a placement is completed, the company will reduce the IPO size.

The IPO ...