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Integrity Infrabuild Developers IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    13 May 2025

  • Close Date

    15 May 2025

  • Listing Date

    20 May 2025

  • IPO Price Range

    ₹ 100

  • IPO Size

    ₹ 12.00 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Integrity Infrabuild Developers IPO Subscription Status

Last Updated: 16 May 2025 10:22 AM by 5Paisa

Integrity Infrabuild Developers Limited, a Class-A civil contractor registered with the Gujarat government, is launching its IPO. The company handles government construction projects and subcontracts work to expand within Gujarat’s construction sector. As of March 31, 2025, it holds contracts worth ₹20,598 lakhs. Of this, ₹4,291 lakhs worth of work has been completed, while ₹16,307 lakhs remain in its active order book.

Established in: 2017
CEO: Mr. Keyurkumar Sheth

Peers

Udayshivakumar Infra Limited
V R Infraspace Limited
 

Objectives

1. Purchase of machinery and equipment
2. Funding working capital requirements
3. General corporate purposes
 

Integrity Infrabuild Developers IPO Size

Types Size
Total IPO Size ₹12.00 Cr.
Offer For Sale -
Fresh Issue ₹12.00 Cr.

 

 Integrity Infrabuild Developers IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 120,000
Retail (Max) 1 1200 120,000
HNI (Min) 2 2400 240,000

Integrity Infrabuild Developers IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 2.09 5,66,400 11,83,200 11.83
Retail 2.09 5,66,400 12,78,000 12.78
Total ** 2.17 11,32,800 24,61,200 12.78

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 33.48 45.23 64.63
EBITDA 1.61 2.63 3.57
PAT 0.30 0.29 0.95
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 13.06 15.25 20.68
Share Capital 2.55 1.78 3.10
Total Borrowings 6.51 5.22 11.17
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -0.47 4.63 0.80
Net Cash Generated From / (used in) investing activities -2.78 -0.90 -7.25
Net Cash Generated From / (used in) financing activities 4.32 -2.93 5.79
Net Increase (Decrease) In Cash And Cash Equivalents 1.07 0.79 -0.66


Strengths

1. Specializes in roads, buildings, and bridge construction.
2. Strong project management with significant industry experience.
3. Visible growth backed by a solid order book.
4. Strong financial performance with technical capabilities and resources.
 

Weaknesses

1. Business concentrated in Gujarat, reliant on local government contracts.
2. Exposure to regulatory, economic, and policy changes in Gujarat.
3. High indebtedness, requiring substantial cash flow for servicing.
4. Dependency on a few clients, risking revenue stability.
 

Opportunities

1. Expanding market share in Gujarat’s growing infrastructure sector.
2. Increasing government focus on infrastructure development and investments.
3. Potential for diversifying into new regions or projects outside Gujarat.
4. Technological advancements offering more efficient construction methods.
 

Threats

1. Intense competition in the civil contracting industry.
2. Fluctuations in material costs impacting project profitability.
3. Delays or cancellations of government projects due to policy changes.
4. Economic downturns affecting infrastructure spending and contract awards.

1. A robust order book of ₹16,307 lakhs ensures strong revenue visibility.
2. Consistent growth in revenue and EBITDA over the last three financial years.
3. Proceeds to fund machinery and working capital, supporting operational expansion.
4. Operates in Gujarat’s booming infrastructure sector with Class-A contractor credentials.
 

1. India’s construction sector is projected to grow at 11.2% annually by 2025.
2. Gujarat approves major road projects, including a ₹8 billion six-lane highway.
3. FY25 capital expenditure raised by 11.1% to ₹11.1 trillion.
4. ICRA expects 8–10% revenue growth for construction firms in FY25

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FAQs

Integrity Infrabuild Developers IPO opens from 13 May 2025 to 15 May 2025.

The size of Integrity Infrabuild Developers IPO is ₹12.00 Cr.

The price of Integrity Infrabuild Developers IPO is fixed at ₹100 per share. 

To apply for Integrity Infrabuild Developers IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Integrity Infrabuild Developers  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Integrity Infrabuild Developers IPO is 1,200 shares and the investment required is ₹120,000.

The share allotment date of Integrity Infrabuild Developers IPO is 16 May 2025.

The Integrity Infrabuild Developers IPO will likely be listed on 20 May 2025.

Aryaman Financial Services Limited is the book running lead manager for Integrity Infrabuild Developers IPO.
 

Integrity Infrabuild Developers plans to utilise the raised capital from the IPO for:

1. Purchase of machinery and equipment
2. Funding working capital requirements
3. General corporate purposes