Investing in Integrity Infrabuild Developers IPO: What You Need to Know
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Integrity Infrabuild Developers IPO – Know today’s GMP, IPO price, and important dates for this upcoming public issue |
Another SME IPO has arrived, and this time it's from a Gujarat firm - Integrity Infrabuild Developers Ltd. So, is the Integrity Infrabuild Developers IPO a good investment? Let's analyze it in simple terms.
What Does the Company Do?
Integrity Infrabuild Developers deals with constructing roads, bridges, and government buildings. They have been operating as a Class-A government contractor in Gujarat since 2017.
The company deals primarily with government projects in Gujarat, and as of March 2025, they have:
- ₹205.98 crore value of total projects
- ₹42.91 crore completed
- ₹163.07 crore ongoing
They have a workforce of 53 employees, comprising engineers, workers, and admin personnel.
IPO Details at a Glance
Here's what you should know about the Integrity Infrabuild Developers IPO:
- IPO Opens: May 13, 2025
- IPO Closes: May 15, 2025
- Listing Date: May 20, 2025
- IPO Price: ₹100 per share
- Lot Size: 1,200 shares (₹1,20,000 minimum investment)
- Total Issue Size: ₹12 crore (12 lakh shares)
- Exchange: NSE SME
Why Is the Company Raising Money?
The company will utilize the IPO money for:
- Purchasing new construction equipment
- Meeting day-to-day working capital requirements
- Finance general business expenses
Financial Health in Simple Words
Let's have a brief look at their past years' financial performance:
Revenue
- FY 2023: ₹45.23 lakh
- FY 2024: ₹64.63 lakh
- Up to Dec 2024: ₹68.97 lakh
Net Profit (PAT)
- FY 2023: ₹0.29 lakh
- FY 2024: ₹0.95 lakh
- Till Dec 2024: ₹1.94 lakh
- Net Worth: Increased from ₹1.78 lakh in 2023 to ₹4.56 lakh as of end 2024
This consistent growth informs us that the business is growing in a good manner.
Integrity Infrabuild Developers IPO GMP (Grey Market Premium)
As of May 10, 2025, the Integrity Infrabuild Developers IPO GMP is ₹0. This indicates there's no grey market premium yet. The listing price is expected to still be ₹100 per share.
Get the latest updates by referring to the Live IPO GMP prior to the listing date. Today's IPO GMP can provide you with an indication about the market mood.
Industry Comparison
See how this IPO is versus comparable companies:
- Udayshivakumar Infra – P/E: 6.82x
- V R Infraspace – P/E: 67.04x
- Industry Average – 37.04x
- Integrity Infrabuild Developers P/E – 32.68x
- On paper, it appears reasonably valued—neither too costly nor too cheap.
Promoters and Shareholding
Key promoters:
- Keyurkumar Sheth
- Rajendrakumar Sheth
- Disha Keyurkumar Sheth
- Prior to IPO: 99.99% held by the promoters
- Post IPO: Reduces to 72.09%
Do You Apply?
If you are a believer in India's infrastructure growth story, then Integrity Infrabuild Developers IPO could be on your radar. The firm is profitable, possesses a healthy order book, and is reasonably priced.
But if you are hoping for listing gains in the short term, then the current IPO GMP today indicates no listing pop in sight. It's a long-term bet.
Final Words
The Integrity Infrabuild Developers IPO provides an opportunity to invest in a stable, government-oriented construction firm. Though it's not making waves in the grey market, its long-term fundamentals appear to be stable.
If you are going to invest, ensure it aligns with your financial objectives. And as always, consult your advisor first before investing.
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