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Integrity Infrabuild IPO is a fixed price issue of ₹12.00 crores. The issue is entirely a fresh issue of 0.12 crore shares of ₹12.00 crore.
Integrity Infrabuild IPO bidding started from May 13, 2025 and ended on May 15, 2025. The allotment for Integrity Infrabuild IPO was finalized on May 16, 2025. The shares got listed on NSE SME on May 20, 2025.
Integrity Infrabuild IPO price is ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Aryaman Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Integrity Infrabuild IPO RHP for detailed Information.
| IPO Date | May 13, 2025 to May 15, 2025 |
| Listing Date | May 20, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,00,000 shares (aggregating up to ₹12.00 Cr) |
| Reserved for Market Maker | 67,200 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.6720 Cr) |
| Net Offered to Public | 11,32,800 shares (aggregating up to ₹11.33 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 31,00,000 shares |
| Share Holding Post Issue | 43,00,000 shares |
Integrity Infrabuild IPO offers total 12,00,000 shares. Out of which 5,66,400 (47.20%) allocated to NII, 5,66,400 (47.20%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 67,200 (5.60%) |
| NII (HNI) Shares Offered | 5,66,400 (47.20%) |
| Retail Shares Offered | 5,66,400 (47.20%) |
| Total Shares Offered | 12,00,000 (100.00%) |
Integrity Infrabuild IPO opens on May 13, 2025, and closes on May 15, 2025.
| IPO Open Date | Tue, May 13, 2025 |
| IPO Close Date | Thu, May 15, 2025 |
| Tentative Allotment | Fri, May 16, 2025 |
| Initiation of Refunds | Mon, May 19, 2025 |
| Credit of Shares to Demat | Mon, May 19, 2025 |
| Tentative Listing Date | Tue, May 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 15, 2025 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2017, Integrity Infrabuild Developers Limited is a Class-A civil contractor registered with the Government of Gujarat.
The company executes construction activities as a contractor for government projects in Gujarat and regularly subcontracts to expand its presence in the state's construction sector.
As of March 31, 2025, the company has secured ongoing contracts totalling ₹ 20,598 lakhs. Of this amount, works valued at ₹ 4,291 lakhs have been executed, while the remaining ₹ 16,307 lakhs are included in their order book.
As of March 31, 2025, the company had 53 full-time employees which include KMP, Office Staff, Project Execution staff (Semi-skilled, unskilled worked including drivers).
Competitive Strengths:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33.35 | 20.68 | 15.25 | 13.06 |
| Total Income | 68.97 | 64.63 | 45.23 | 33.48 |
| Profit After Tax | 1.94 | 0.95 | 0.29 | 0.30 |
| Net Worth | 4.56 | 3.10 | 1.78 | 2.55 |
| Reserves and Surplus | 1.46 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 12.86 | 11.17 | 5.22 | 6.51 |
| Amount in ₹ Crore | ||||
The market capitalization of Integrity Infrabuild IPO is ₹43.00 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 30.60% |
| ROCE | 13.14% |
| Debt/Equity | 3.71 |
| RoNW | 30.60% |
| PAT Margin | 1.47% |
| Price to Book Value | 10.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.06 | 6.02 |
| P/E (x) | 32.68 | 16.6 |
The Company Integrity Infrabuild Developers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of machinery and equipment | 5.03 |
| 2 | Funding Working capital requirements | 3.64 |
| 3 | General Corporate Purpose | 2.40 |
[Dilip Davda] IIDL is an integrated civil contractor specializing in contracting and subcontracting services for various government projects. It provides its construction services for road construction, building and bridges. The company posted growth in its top and bottom lines for the reported periods. It surprised with improved bottom lines from FY24 onwards. Tiny equity capital post-IPO indicates longer gestation for migration. There is no harm in skipping this “High Risk/Low Return” aggressively priced bet. Read detail review...
| Listing Date | May 20, 2025 |
| BSE Script Code | |
| NSE Symbol | INTEGRITY |
| ISIN | INE0YSH01017 |
| Final Issue Price | ₹100 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹100.80 |
| Low | ₹100.20 |
| High | ₹104.85 |
| Last Trade | ₹103.50 |
Integrity Infrabuild Developers Ltd.
Office No-02, Indiabulls
Mega Mall,
Jetalpur Road, Akota
Vadodara, Gujarat, 390020
Phone: +91 87340 92229
Email: info@integrityinfrabuild.com
Website: https://integrityinfrabuild.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: Integrityinfra.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Integrity Infrabuild IPO is a SME IPO of 12,00,000 equity shares of the face value of ₹10 aggregating up to ₹12.00 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on May 13, 2025, and closes on May 15, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Integrity Infrabuild IPO using UPI as a payment gateway. Zerodha customers can apply in Integrity Infrabuild IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Integrity Infrabuild IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Integrity Infrabuild IPO opens on May 13, 2025 and closes on May 15, 2025.
Integrity Infrabuild IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Integrity Infrabuild IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Integrity Infrabuild IPO will be done on Friday, May 16, 2025, and the allotted shares will be credited to your demat account by Monday, May 19, 2025. Check the Integrity Infrabuild IPO allotment status.
The Integrity Infrabuild IPO listing date is on Tuesday, May 20, 2025.
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