Integrity Infrabuild Developers Ltd. was incorporated on January 4, 2017. The company provides contracting and subcontracting services for government projects like roads, buildings, and bridges, and is registered as a Class-A contractor with the Government of Gujarat. It ensures project delivery, quality, and deadlines, even when work is delegated to subcontractors.
| Bidding Dates |
|---|
| 13 May 2025 - 15 May 2025 |
| Subscription |
|---|
| 2.11x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 1.2 M | ₹100 | 72.09 % | ₹120.0 M | RHP DOC |
Integrity Infrabuild IPO SUBSCRIPTION STATUS
15 May '25Integrity Infrabuild IPO overall subscription rate was 2.11 times the total available shares
Integrity Infrabuild IPO retail subscription rate was 2.13 times in the retail segment
Integrity Infrabuild IPO non-institutional investor subscription rate was 2.08 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
15 May 2025 (Day 3) | 2.13x | 2.08x | - |
14 May 2025 (Day 2) | 1.12x | 0.91x | - |
13 May 2025 (Day 1) | 0.52x | 0.66x | - |
Integrity Infrabuild FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 1.9 | 68.9 | 8.0 | -1.3 | 7.9% |
| FY24 | 0.9 | 64.5 | 0.8 | -4.6 | 5.5% |
| FY23 | 0.3 | 45.2 | 4.6 | 2.9 | 5.8% |
| FY22 | 0.3 | 33.4 | -0.5 | -5.3 | 4.8% |
Integrity Infrabuild IPO SUBSCRIPTION STATUS DETAILS
Integrity Infrabuild had 1.2 M shares on offer
Integrity Infrabuild IPO offer price was ₹100
Integrity Infrabuild IPO minimum Investment was ₹120000
Integrity Infrabuild IPO issue size was ₹ 120.0 M
Integrity Infrabuild had a minimum lot size of 1200 Shares per application
Integrity Infrabuild NUMBER OF SHARES ON OFFER
Integrity Infrabuild IPO IMPORTANT DATES
| Issue Open Date | 13 May 2025 |
| Issue close Date | 15 May 2025 |
| Allotment Date | 16 May 2025 |
| Refund Date | 19 May 2025 |
| Demat Account Credit Date | 19 May 2025 |
| Listing Date | 20 May 2025 |
| Listing on Exchange(s) | NSE |
| Integrity Infrabuild Allotment Status | Exchange/ Registrar |
Integrity Infrabuild IPO subscription opened on 13 May 2025, and closed on 15 May 2025
IPO allotment for Integrity Infrabuild was finalized on Friday, 16 May 2025
IPO listing for Integrity Infrabuild was on NSE on Tuesday, 20 May 2025
Integrity Infrabuild IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 100.8 |
| Listing Close Price | 103.5 |
| Listing Gain% | 0.8% |
| Current Gain% | 56.8% |
Integrity Infrabuild Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Integrity Infrabuild Developers Ltd. | 156.8 | 67.4 | 10 | 0.1 | 0.4 | 25.1 | 11.8 | 174.8 | 60.5 | 6.9 | 148.6 | 15.7 | 142.9 |
| IRB Infrastructure Developers Ltd. | 19.7 | 23769.5 | 24.9 | -0.3 | 3.1 | 4 | 1.6 | 7854 | -2.2 | 850.4 | -86.9 | 0.8 | -85.4 |
| G R Infraprojects Ltd. | 870.7 | 8424.9 | 8.3 | -1 | 0.9 | 9.6 | 5.6 | 8527.3 | 12.3 | 902.8 | -11 | 105 | -7.9 |
| Dilip Buildcon Ltd. | 449 | 7293 | 5.6 | 0.1 | 0.8 | 19.1 | 6.9 | 9499.6 | -17.1 | 1302.4 | 103.2 | 80.2 | 103.2 |
| PNC Infratech Ltd. | 224.4 | 5756.2 | 7.9 | 0.9 | 1 | 12.2 | 6 | 5509.6 | -20.6 | 831.8 | 2 | 28.5 | 9 |
| Ashoka Buildcon Ltd. | 118.3 | 3321.8 | 1.3 | 0 | 0.4 | 38.8 | 19.5 | 7703.6 | -24.5 | 2550 | 50.5 | 90.8 | 50.5 |
Integrity Infrabuild INFORMATION ON IPO ISSUE
About Integrity Infrabuild
Integrity Infrabuild Developers Ltd. was incorporated on January 4, 2017. The company provides contracting and subcontracting services for government projects like roads, buildings, and bridges, and is registered as a Class-A contractor with the Government of Gujarat. It ensures project delivery, quality, and deadlines, even when work is delegated to subcontractors.
Object of the Issue
- Capital expenditure toward purchase of machinery and equipments
- Funding working capital requirements
- General corporate purpose
Integrity Infrabuild - PROMOTERS
| Name |
|---|
| Keyurkumar Sheth |
| Rajendrakumar Sheth |
| Disha Keyurkumar Sheth |
Integrity Infrabuild Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Integrity Infrabuild Registrar to the issue
MUFG Intime India Private Limited
integrityinfra.ipo@in.mpms.mufg.com
Integrity Infrabuild Strengths
Strong project portfolio & capabilities
The company has completed 111 projects, leveraging project management skills, quality focus, and safety practices. Its equipment fleet and execution expertise enable it to manage multiple projects and bid competitively
Technical capabilities & resources
The company has robust resources, including skilled labor, technical expertise, and a large equipment fleet, enabling efficient and timely project execution. It is supported by experienced staff, engineers, and reliable access to project equipment across locations
Strong order book
The company has completed over 111 projects and built a strong reputation for efficient execution and timely delivery. Its experience and geographic diversification enable it to pursue varied tenders and enhance business growth and margins
Integrity Infrabuild Risks
Geographically concentrated
The company’s business is entirely based in Gujarat and relies heavily on government-awarded contracts within the state. Any adverse policy or regulatory changes in Gujarat could significantly impact its operations and revenue
Operational risks
Ongoing and future projects face implementation risks such as delays, modifications, or cancellations due to factors beyond the company's control, potentially affecting its business and financial performance
Capital intensive
The company operates in a capital-intensive industry with long project cycles, requiring significant funding. Inability to secure financing on favourable terms may impact growth and profitability
IPO FAQs
The promoters of the company are Keyurkumar Sheth, Rajendrakumar Sheth and Disha Keyurkumar Sheth.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 100.0 - 100.0.
The IPO application opens on May 13, 2025 and closes on May 15, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on May 16, 2025.
The refund will be credited to your account on May 19, 2025.
The allotted shares will be credited to your demat on May 19, 2025.
Integrity Infrabuild Developers Ltd.’s shares listed on the stock exchanges on May 20, 2025.