Integrity Infrabuild Developers Limited Link 
Allotment
Integrity Infrabuild launched a fixed-price IPO worth ₹12.00 crore, consisting entirely of a fresh issue of 0.12 crore shares.
The IPO opened for bidding on May 13, 2025, and closed on May 15, 2025. The allotment was finalized on May 16, 2025, and the shares were subsequently listed on NSE SME on May 20, 2025.
The issue price for the IPO was fixed at ₹100 per share. The lot size for an application is 1,200 shares. For retail investors, the minimum investment is 1 lot (1,200 shares), amounting to ₹1,20,000. HNI investors must subscribe to a minimum of 2 lots (2,400 shares), totaling ₹2,40,000.
The IPO was managed by Aryaman Financial Services Ltd. as the Book Running Lead Manager, with MUFG Intime India Pvt. Ltd. serving as the Registrar of the Issue. Aryaman Capital Markets Ltd. acted as the market maker for the IPO.
Investors can bid for a minimum of 1,200 shares, with additional bids required in multiples of 1,200 shares.
₹100
0%
Open
₹100
HIgh - Low
₹100
Previous Close
₹100
Total Traded Value
0
52 Weeks High
₹100
52 Weeks Low
₹100
Updates On
May 5, 2025
IPO. Open
May 13, 2026
IPO. Close
May 15, 2026
IPO. Price
₹100.00
IPO Market price
₹43.00 Cr
IPO Details
| IPO Date | 20 May |
| IPO Listing Date | 20 May |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹100.00 |
| IPO Issue Size | 12,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 31,00,000 shares |
IPO Timeline
| IPO Open Date | 13 May |
| IPO Close Date | 15 May |
| IPO Allotment (Tentative) | 16 May |
| Refunds | 19 May |
| Credit to Demat Account | 19 May |
| IPO Listing Date | 20 May |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 5,66,400 Shares |
| Retail Shares Offered | 5,66,400 Shares |
IPO Lot Size
Investors can bid for a minimum of 1,200 shares, with additional bids required in multiples of 1,200 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| S-HNI (Min) | 2 | 2,400 | ₹2,40,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in 2017, Integrity Infrabuild Developers Limited is a Class-A civil contractor registered with the Government of Gujarat. The company undertakes construction and infrastructure development projects, primarily for government bodies within Gujarat, and also engages in subcontracting to expand its operational footprint across the state.
Project Portfolio and Order Book:
As of March 31, 2025, the company had secured ongoing contracts aggregating to ₹20,598 lakh. Of this, projects worth ₹4,291 lakh have already been executed, while the remaining ₹16,307 lakh forms part of the company’s order book, providing strong revenue visibility.
Human Resources:
As of March 31, 2025, the company employed 53 full-time personnel, including key managerial personnel (KMP), office staff, and project execution teams, comprising semi-skilled and unskilled workers, including drivers.
Competitive Strengths:
Focused expertise in roads, buildings, and bridge construction
Strong project management capabilities backed by industry experience
Robust order book supporting visible growth
Strong financial performance
Well-developed technical capabilities and resources
Company Financials (Consolidated)
| Assets | 33.35 | 20.68 | 15.25 |
| Total Income | 68.97 | 64.63 | 45.23 |
| Profit After Tax | 1.94 | 0.95 | 0.29 |
| EBITDA | - | - | - |
| NET Worth | 4.56 | 3.1 | 1.78 |
| Reserves and Surplus | 1.46 | - | - |
| Total Borrowing | 12.86 | 11.17 | 5.22 |
Key Performance Indicator (KPI)
| ROE | 30.60% |
| ROCE | 13.14% |
| Debt/Equity | 3.71 |
| RoNW | 30.60% |
| PAT Margin | 1.47% |
| EBITDA Margin | - |
| Price to Book Value | 10 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 5.03 |
| 2 | To meet out the expenses of Working Capital Requirement | 3.64 |
| 3 | To meet out the General Corporate Purposes; | 2.4 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Integrity Infrabuild Developers Ltd. Address
Office No-02, Indiabulls
Mega Mall,
Jetalpur Road, Akota
Vadodara, Gujarat, 390020
+91 87340 92229
info@integrityinfrabuild.com
https://integrityinfrabuild.com/
Detail Registrar
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
Integrityinfra.ipo@linkintime.co.in
https://linkintime.co.in/Initial_Offer/public-issues.html
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