What is the last grey market premium of Integrity Infrabuild Developers IPO?

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Listing Review: Will update on listing.

Subscription status of Integrity Infrabuild Developers IPO

Integrity Infrabuild Developers IPO
(Day 1)

Price Rs. 100 Lot 1200 shares, Rs. 11.33 Crore

QIB NII x RII x Total x Applications
         
Note: .

Integrity Infrabuild Developers Allotment Link: 

 

 

What is the business of Integrity Infrabuild Developers?

Established in 2017, Integrity Infrabuild Developers Limited is a Class-A civil contractor registered with the Government of Gujarat, specializing in the execution of public infrastructure projects.

The company primarily undertakes civil construction work for various government departments across Gujarat. To enhance its reach and project capacity, it also actively engages in subcontracting arrangements within the state’s construction sector.

Project Portfolio and Order Book

As of March 31, 2025, the company has secured ongoing government contracts totaling ₹ 20,598 lakhs. Out of this, construction work worth ₹ 4,291 lakhs has already been completed, while the remaining ₹ 16,307 lakhs is part of the company’s active order book, ensuring a robust pipeline of future projects.

Human Resources

As of the same date, the company employed 53 full-time personnel, comprising key managerial personnel (KMP), office staff, and project execution teams including semi-skilled and unskilled workers, as well as drivers.

Get more information about the company

Integrity Infrabuild IPO Details

IPO opens on  13 May 2025
IPO closes on  15 May 2025
Issue Type Book Built Issue IPO
Issue Size 1200000 Shares /
Rs 12.00 Crore
* Fresh Issue 1200000 Shares /
Rs 12.00 Crore
* Offer for Sale – – shares /
Rs.- crore
Market Maker Portion 67200 Shares
Net offer to Public 1132800 Shares/
Rs 11.33 Crore
Face Value per share Rs. 10
Price Band Rs. 100
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (00%)
HNI (50%)   566400   5.65
RII  (50%)   566400   5.67
Total Shares  1132800 11.33
Retail portion will be
oversubscribed by 
472
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1200 Shares Rs.120000
Min HNI Application  2400 Shares Rs. 240000

Who are the Promoters of Integrity Infrabuild Developers?

The company’s promoters are Keyurkumar Sheth, Rajendrakumar Sheth and Disha Keyurkumar Sheth.

What are the Objects of Integrity Infrabuild Developers IPO?

The Company proposes to utilize the Net Proceeds towards funding of the following objects:
a) Purchase of machinery and equipment
b) Funding Working capital requirements
c) General Corporate Purpose

Tentative timetable

IPO opens on 13 May 2025
IPO Closes on 15 May 2025
IPO Allotment on  16 May 2025
Refund Initiation  19 May 2025
Credit of Shares 19 May 2025
Listing on 20 May 2025
Registered Office of the Company
Integrity Infrabuild Developers Limited
Office No-02, Indiabulls
Mega Mall,
Jetalpur Road, Akota
The Lead Manager of this IPO
Aryaman Financial Services Ltd

Who is the Registrar to IPO?

Linkin Time India Pvt Ltd

Integrity Infrabuild Developers IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Integrity Infrabuild Financials
Period Ended 31-Dec-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 33.35 20.68 15.25 13.06
Revenue 68.97 64.63 45.23 33.48
Profit After Tax 1.94 0.95 0.29 0.3
Net Worth 4.56 3.1 1.78 2.55
Reserves and Surplus 1.46 0 0 0
Total Borrowing 12.86 11.17 5.22 6.51
Amount in Rs. Crore
Performance Indicators  
KPI Values
ROE 30.60%
ROCE 13.14%
Debt/Equity 3.71
RoNW 30.60%
PAT Margin 1.47
Price to Book Value 10
EPS (Rs)  3.06
PE Ratio 32.68

How Integrity Infrabuild Developers IPO compares with the Peers?

Company Name P/E (x) RoNW (%)
Integrity Infrabuild Developers 32.68 30.6
Udayshivakumar Infra  6.82 17.22
V R Infraspace  67.04 7.66

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Integrity Infrabuild Developers IPO Review by Paresh Gordhandas, CA & Research Analyst.

Will update soon

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+ from grey market angle: 

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