Integrity Infrabuild IPO Subscription Status: Day 3 Subscription at 1.41 Times

Integrity Infrabuild Developers's initial public offering (IPO) has shown steady progress through its three-day subscription period. The ₹12.00 crore IPO has witnessed moderate demand, with subscription rates opening at 0.00 times on day one, increasing to 0.00 times on day two, and reaching 1.41 times by 11:15:00 AM on the final day, demonstrating investor interest in this Class-A civil contractor registered with the Government of Gujarat that specializes in executing construction activities as a contractor for government projects in Gujarat.

Integrity Infrabuild Developers IPO retail investors segment leads with 1.45 times subscription, while non-institutional investors show interest at 1.36 times, reflecting investor confidence in this company that has secured ongoing contracts totalling ₹20,598 lakhs, of which works valued at ₹4,291 lakhs have been executed, while the remaining ₹16,307 lakhs are included in their order book.
 

Subscription Status of Integrity Infrabuild Developers IPO:

Here are the subscription details for Integrity Infrabuild Developers IPO as of Day 3 (May 15, 2025, 11:15:00 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights - Day 3

• Overall subscription reaching 1.41 times, showing moderate investor interest
• Retail investors segment showing good demand at 1.45 times, up from day two's 1.21 times
• NII segment showing increased interest at 1.36 times, up from day two's 0.86 times
• Total applications reaching 739, indicating investor participation
• Cumulative bid amount reaching ₹15.94 crores
• Both retail and non-institutional categories showing oversubscription, reflecting confidence in these segments

Integrity Infrabuild Developers IPO - Day 2 Subscription at 0.00 Times

Key Highlights:

• Retail investors showing good interest at 1.21 times, up from day one's 0.57 times
• NII segment showing increased demand at 0.86 times, up from day one's 0.63 times
• Day two momentum indicating growing investor interest
• Market response reflecting positive assessment of construction sector opportunity
• Civil contracting expertise attracting increased investor attention

Integrity Infrabuild Developers IPO - Day 1 Subscription at 0.00 Times

Key Highlights:

• NII segment beginning at 0.63 times, indicating initial high net-worth investor interest
• Retail investors showing initial interest at 0.57 times
• Opening day demonstrating moderate investor engagement across categories
• Initial momentum reflecting assessment of government contracting sector opportunity
• Construction expertise drawing initial investor interest

About Integrity Infrabuild Developers Limited

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.

Financial performance shows growth with revenue increasing from ₹33.48 crores in FY2022 to ₹64.63 crores in FY2024, while profit after tax rose from ₹0.30 crores to ₹0.95 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹68.97 crores with PAT of ₹1.94 crores. With 53 full-time employees as of March 2025, the company maintains strong profitability metrics with 30.60% ROE, 13.14% ROCE, and 30.60% RONW, while operating with a debt-to-equity ratio of 3.71. However, high leverage remains a key risk factor.

Highlights of the Integrity Infrabuild Developers IPO:

• IPO type: Fixed Price IPO
• IPO size: ₹12.00 crores
• Fresh Issue: 12.00 lakh shares
• Face value: ₹10 per share
• Issue price: ₹100 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,20,000
• Minimum investment for HNI: ₹2,40,000 (2 lots)
• Market maker reservation: 67,200 shares
• Listing at: NSE SME
• IPO opens: May 13, 2025
• IPO closes: May 15, 2025
• Allotment date: May 16, 2025
• Listing date: May 20, 2025