Integrity Infrabuild Developers IPO is scheduled to start from May 13, 2025, and will close on May 15, 2025. The IPO allotment is expected on May 16, 2025, and listing is likely on NSE SME on May 20, 2025. It is a fixed price issue of ₹12 crores, with 12 lakh new shares being offered at a price of ₹100 each.
The minimum lot size is 1,200 shares, so retail investors need to invest at least ₹1,20,000. For HNI investors, the minimum investment is ₹2,40,000 for 2 lots. The IPO has 50% reserved for retail and 50% for HNIs, with no portion for QIBs.
The company earned ₹64.63 crores revenue in FY 2024, up from ₹45.23 crores in 2023. Profit also increased from ₹0.29 crores to ₹0.95 crores. Looking at the growth, long-term investors can think about applying.
Incorporated in 2017, Integrity Infrabuild Developers Limited is a Class-A civil contractor approved by the Government of Gujarat. The company mainly takes up government construction projects in Gujarat and also gives some work on subcontract to increase its reach in the construction field.
As of March 31, 2025, Integrity Infrabuild has total ongoing projects worth ₹20,598 lakhs, out of which ₹4,291 lakhs work is already completed and the remaining ₹16,307 lakhs is in their order book.
The company has a team of 53 full-time staff, including office staff, skilled and semi-skilled workers, and drivers. Their key strengths include a focus on road, building, and bridge construction, strong project management, a growing order book, solid financial performance, and good technical resources. All these things make Integrity Infrabuild a strong player in the infrastructure space.
Overview of Contents
Integrity Infrabuild Developers IPO Overview
| IPO Name | Integrity Infrabuild Developers |
|---|---|
| IPO Type | Fixed Price Issue |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 shares |
| Minimum Investment (Retail) | ₹1,20,000 |
| Total Issue Size | 12,00,000 shares (₹12.00 Crores) |
| Fresh Issue | 12,00,000 shares (₹12.00 Crores) |
| Listing Exchange | NSE SME |
| Pre-Issue Shareholding | 31,00,000 shares |
| Post-Issue Shareholding | 43,00,000 shares |
| Market Maker Portion | 67,200 shares |
| Retail Investor Reservation | Up to 50% of Net Issue |
| NII (Non-Institutional Investor) Quota | Up to 50% of Net Issue |
Integrity Infrabuild Developers IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | Monday, May 13, 2025 |
| IPO Closing Date | Wednesday, May 15, 2025 |
| Basis of Allotment | Friday, May 16, 2025 |
| Refund Initiation | Monday, May 19, 2025 |
| Credit to Demat Account | Monday, May 19, 2025 |
| IPO Listing Date | Tuesday, May 20, 2025 |
Integrity Infrabuild Developers IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Integrity Infrabuild Developers Lot Size
| Category | Lots | Shares | Investment (₹) |
|---|---|---|---|
| Retail (Min/Max) | 1 Lot | 1,200 | ₹1,20,000 |
| S-HNI (Minimum) | 2 Lots | 2,400 | ₹2,40,000 |
Integrity Infrabuild Developers IPO – Promoter Holding
The company is promoted by Keyurkumar Sheth, Rajendrakumar Sheth, and Disha Keyurkumar Sheth. Below is the promoter shareholding before and after the IPO:
| Shareholding | Percentage |
|---|---|
| Before IPO | 99.99% |
| After IPO | 72.09% |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Belstar Microfinance IPO | 6.93 | NA | 37.46 | 14.63 | 3,171 Cr. |
| Websol Energy System | (29.99) | NA | NA | NA | 27 Cr. |
Integrity Infrabuild Developers Finanacial Performance
| Financial Metrics | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Total Assets | ₹33.35 Cr | ₹20.68 Cr | ₹15.25 Cr | ₹13.06 Cr |
| Operating Revenue | ₹68.97 Cr | ₹64.63 Cr | ₹45.23 Cr | ₹33.48 Cr |
| Profit After Tax (PAT) | ₹1.94 Cr | ₹0.95 Cr | ₹0.29 Cr | ₹0.30 Cr |
| Shareholders' Equity | ₹4.56 Cr | ₹3.10 Cr | ₹1.78 Cr | ₹2.55 Cr |
| Retained Earnings | ₹1.46 Cr | ₹0.00 Cr | ₹0.00 Cr | ₹0.00 Cr |
| Total Liabilities (Loans) | ₹12.86 Cr | ₹11.17 Cr | ₹5.22 Cr | ₹6.51 Cr |
Integrity Infrabuild Developers IPO Valuation – FY2024
The financial performance of Integrity Infrabuild Developers demonstrates strong profitability and efficient management. Below are the key valuation metrics for FY2024, providing insights into the company’s market performance and financial health:
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 30.60% |
| Return on Capital Employed (ROCE) | 13.14% |
| EBITDA Margin | 5.54% |
| Profit After Tax (PAT) Margin | 1.47% |
| Debt to Equity Ratio | 2.74 |
| Earnings Per Share (EPS) | ₹3.06 (Basic) |
| Price to Earnings (P/E) Ratio | 32.68 |
| Return on Net Worth (RoNW) | 30.60% |
| Net Asset Value (NAV) | ₹10.00 |
Integrity Infrabuild Developers IPO Review
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- Nirmal Bang –
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- Sharekhan –
- SMC Global –
Objects of the Issue
- Purchase of machinery and equipment
- Funding Working capital requirements
- General corporate purposes.
Integrity Infrabuild Developers IPO Registrar
MUFG Intime India Private Limited
Phone: +91 810 811 4949
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Aryaman Financial Services Limited
Company Address
Integrity Infrabuild Developers Limited
Office No-02, Indiabulls
Mega Mall,
Jetalpur Road, Akota
Phone: +91 87340 92229
Email: [email protected]
Website: https://integrityinfrabuild.com/
Integrity Infrabuild Developers IPO FAQs
What is the price of Integrity Infrabuild Developers IPO?
The IPO price is ₹100 per share.
What is the minimum lot size for retail investors?
The minimum lot size for retail investors is 1,200 shares, with an investment of ₹1,20,000.
What is the total issue size of the Integrity Infrabuild Developers IPO?
The total issue size is approximately ₹12.00 crores, consisting of a fresh issue of 12,00,000 shares.
When will Integrity Infrabuild Developers IPO list on the stock exchange?
The IPO is expected to be listed on NSE SME on May 20, 2025.
What are the key financial highlights of Integrity Infrabuild Developers?
As of FY2024, the company has a Return on Equity (ROE) of 30.60%, Earnings Per Share (EPS) of ₹3.06, and a Price-to-Earnings (P/E) ratio of 32.68.