Integrity Infrabuild Developers Limited
Fixed Price IPO · NSE
- Price band
- ₹100 - ₹100
- Lot size
- 1,200 shares
- Issue amount
- ₹12 cr
- Total subscription
- 2.11×
- Opens
- 13 May 2025
- Closes
- 15 May 2025
- Allotment
- 16 May 2025
- Listing
- 20 May 2025
Offer at a glance
Issue overview
- Issue size
- 12,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹12 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 31,00,000
- Shares after issue
- 43,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,20,000 |
| HNI | 2 | 2,400 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 0 |
| NIB | — | 92 |
| RETAIL | — | 1,065 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 5.66 | 12.78 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.27 | 3.06 | 0.95 |
| ROE | 42.64 | 30.6 | 16.51 |
| ROCE | 18.7 | 13.14 | 12.8 |
| RONW | 42.64 | 30.6 | 16.51 |
| PRE IPO(PE) | 0 | 32.68 | 0 |
| POST IPO(PE) | 16.6 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Integrity Infrabuild Developers Limited, established in 2017, is a Class-A civil contractor registered with the Government of Gujarat. The company is actively involved in government construction projects across the state and often partners with subcontractors to expand its presence in the construction sector. As of March 31, 2025, the company has secured ongoing contracts worth ₹20,598 lakhs. Out of this, work worth ₹4,291 lakhs has already been completed, while the remaining ₹16,307 lakhs is still in progress. The company has a dedicated team of 53 full-time employees, which includes key management personnel, office staff, and project execution workers such as semi-skilled and unskilled laborers, including drivers.
Strengths
- Specialization in Core Segments: Focused expertise in roads, buildings, and bridge construction ensures strong technical capability and operational efficiency.
- Proven Project Execution: Experienced team enables timely completion of projects with consistent quality.
- Robust Order Book: Healthy and diversified order pipeline supports stable future growth visibility.
Risk factors
- Geographical Dependency: Entire business is concentrated in Gujarat, making it vulnerable to regional policy, economic, and regulatory changes.
- Client Concentration: Major revenue depends on a few government clients—loss of any could significantly impact operations and profitability.
- Project Execution Risks: Ongoing and future projects may face delays, modifications, or cancellations due to external factors, affecting financial performance.
Promoters
Keyurkumar Sheth
Rajendrakumar Sheth
Disha Keyurkumar Sheth
Registrar & documents
Lead manager
Aryaman Financial Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No-02, Indiabulls Mega Mall, Jetalpur Road, Akota
+91 87340 92229
[email protected]Company website ↗Understanding INTEGRITY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.