The highly anticipated Integrity Infrabuild Developers IPO is set to open for subscription on Tuesday, May 13, and will wrap up on Thursday, May 15. With a fixed price band of ₹100 per equity share — each having a face value of ₹10 — this offering presents a compelling opportunity for investors. Interested parties can place bids for a minimum of 1,200 equity shares, with subsequent bids available in multiples of 1,200 shares.
Company Overview: Integrity Infrabuild Developers Limited
Established in 2017, Integrity Infrabuild Developers Limited is a distinguished Class-A civil contractor recognized by the Government of Gujarat. The company specializes in managing construction projects for state government initiatives across Gujarat and frequently engages subcontractors to bolster its presence in the competitive construction landscape.
Current Contracts and Financials
As of March 31, 2025, Integrity Infrabuild has secured contracts totaling ₹20,598 lakhs. Among these, work valued at ₹4,291 lakhs has already been completed, leaving ₹16,307 lakhs still in progress within their order book.
In terms of market positioning, the company’s peers include Udayshivakumar Infra Limited and V R Infraspace Limited, showcasing price-to-earnings ratios of 6.82 and 67.04, respectively.
IPO Details and Financial Goals
The Integrity Infrabuild Developers IPO features a fresh issuance of 12,00,000 equity shares, which collectively amount to ₹12 crore. Notably, there is no offer for sale (OFS) component in this IPO.
The funds raised from this IPO will be allocated for several strategic purposes, including:
- Acquiring new machinery and equipment
- Meeting working capital requirements
- Supporting general corporate objectives
Management and Oversight
Aryaman Financial Services Limited is designated as the book-running lead manager for this IPO, while Link Intime India Private Ltd will act as the registrar overseeing the issuance. Additionally, Aryaman Capital Markets Limited is appointed as the market maker for the IPO.
Current Grey Market Premium (GMP)
As of today, the Grey Market Premium (GMP) for the Integrity Infrabuild Developers IPO stands at ₹0. This indicates that shares are currently trading at their issue price of ₹100, reflecting no premium or discount in the grey market, according to sources like investorgain.com. The GMP is a crucial indicator of investor sentiment and willingness to pay above the issue price.
For those tracking the IPO landscape, it’s vital to stay updated on developments such as Ravi Infrabuild Projects, which has filed draft documents with SEBI for a ₹1,100 crore offering, as well as other firms like Ajay Poly and Reggal Resources, which have recently received approval for IPO launches.
This IPO presents an exciting opportunity for investors looking to diversify their portfolios in the growing construction sector. Be sure to mark your calendars for May 13!
