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Integrity Infrabuild Developers IPO
₹1,20,000/1200 shares
Minimum Investment
IPO Details
13 May 25
15 May 25
₹1,20,000
1200
₹100 to ₹100
NSE
₹12 Cr
20 May 25
Integrity Infrabuild Developers IPO Timeline
Bidding Start
13 May 25
Bidding Ends
15 May 25
Allotment Finalisation
16 May 25
Refund Initiation
19 May 25
Demat Transfer
19 May 25
Listing
20 May 25
Integrity Infrabuild Developers Limited
Established in 2017, Integrity Infrabuild Developer Ltd. has emerged as a prominent name in India’s construction and engineering sector. The company undertakes key infrastructure projects across Gujarat, including highways, bridges, and government buildings. Known for integrity, quality, and punctuality, it has earned bonuses for early project completion. Backed by a strong team of civil engineers and administrative staff, and guided by visionary leadership, Integrity Infrabuild has witnessed significant revenue growth. The company focuses on sustainable, high-quality solutions that serve both clients and communities effectively.
Integrity Infrabuild Developers Limited IPO Overview
Integrity Infrabuild Developers is launching its IPO with a fixed issue size of ₹12.00 crores, consisting entirely of a fresh issue of 12 lakh equity shares. The IPO opens for subscription on May 13, 2025, and will close on May 15, 2025. The allotment of shares is likely to be finalised on May 16, 2025, with the shares expected to be listed on the NSE SME platform on May 20, 2025.
The IPO is priced at ₹100 per share. Retail investors must apply for a minimum of one lot, which includes 1,200 shares, requiring an investment of ₹1,20,000. For HNIs, the minimum application is two lots (2,400 shares), amounting to ₹2,40,000. Aryaman Financial Services Limited is acting as the book-running lead manager, while Link Intime India Private Ltd is handling the registrar responsibilities. Aryaman Capital Markets Limited will serve as the market maker for this IPO.
Integrity Infrabuild Developers Limited IPO Details
| Particulars | Details |
| IPO Date | 13 May 2025 to 15 May 2025 |
| Listing Date | 20 May 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 12,00,000 shares (aggregating up to ₹12.00 Cr) |
| Fresh Issue | 12,00,000 shares (aggregating up to ₹12.00 Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 31,00,000 shares |
| Share Holding Post Issue | 43,00,000 shares |
| Market Maker Portion | 67,200 shares |
Integrity Infrabuild Developers Limited IPO Reservation
| Investor Category | Shares Offered |
| Retail shares offered | 50% of the Net Issue |
| Other shares offered | 50% of the Net Issue |
Integrity Infrabuild Developers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Integrity Infrabuild Developers Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 99.99% |
| Post-Issue | 72.09% |
Integrity Infrabuild Developers Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 3.06 |
| Price/Earnings (P/E) Ratio | TBD |
| Return on Net Worth (RoNW) | 30.60% |
| Net Asset Value (NAV) | 10 |
| Return on Equity | 30.60% |
| Return on Capital Employed (ROCE) | 13.14% |
| EBITDA Margin | – |
| PAT Margin | 1.47% |
| Debt to Equity Ratio | 3.71 |
Objectives of the Proceeds
- Purchase of machinery and equipment, ₹50.30 million
- Funding working capital requirements, ₹36.40 million
- General corporate purpose, ₹24.00 million
Key Financials (in ₹ crore)
SWOT Analysis of Integrity Infrabuild Developers IPO
Strength and Opportunities
- Proven track record in timely completion of government infrastructure projects.
- Class-A contractor status with the Government of Gujarat.
- Strong growth trajectory since 2017, with increasing revenue and project portfolio.
- Comprehensive in-house capabilities, including equipment and skilled workforce.
- Focus on sustainable and high-quality construction solutions.
- Opportunities to expand into under-served rural and semi-urban markets.
- Potential for strategic partnerships to adopt advanced technologies.
Risks and Threats
- Geographic concentration in Gujarat limits diversification.
- Dependence on government contracts exposes company to policy and budgetary changes.
- Limited brand recognition outside Gujarat.
- Potential challenges in attracting and retaining top talent.
- Exposure to regulatory changes and environmental compliance costs.
- Vulnerability to economic downturns affecting infrastructure spending.
- Intense competition from both domestic and international players.
Explore IPO Opportunities
Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
Integrity Infrabuild Developers IPO
Integrity Infrabuild Developers IPO Strengths
- Achieving steady growth with a healthy order pipeline
- Consistently strong financial results
- Demonstrates strong project management backed by industry expertise
- Equipped with advanced technical skills and reliable resources
- Specialises in road, building, and bridge construction
Peer Group Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
| Integrity Infrabuild Developers Ltd. | 3.06 | 3.06 | 10.00 | 32.68 | 30.60 | 10.00 |
| Peer Groups | ||||||
| Udayshivakumar Infra Ltd | 5.54 | 5.54 | 31.60 | 6.82 | 17.22 | 1.55 |
| V R Infraspace Limited | 3.58 | 3.58 | 51.71 | 67.04 | 7.66 | 44.47 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Integrity Infrabuild Developers
How can I apply for Integrity Infrabuild Developers Limited IPO?
You can apply via HDFCSky, or other brokers using UPI-based ASBA (Application Supported by Blocked Amount).
What is the IPO price of Integrity Infrabuild Developers Limited?
The IPO is priced at ₹100 per share with a lot size of 1,200 shares.
When will Integrity Infrabuild shares be listed on the NSE SME?
The shares will be listed on the NSE SME platform on 20 May 2025.
What is the minimum investment required for retail investors?
Retail investors must invest at least ₹1,20,000 for one lot of 1,200 shares.
Who is managing the IPO process for Integrity Infrabuild?
Aryaman Financial Services Limited is the book-running lead manager for this IPO.
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