| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹12.00 Cr |
| Reserved for Market Maker | ₹0.67 Cr |
| Net Issue Size | ₹12.00 Cr |
| Fresh Issue | ₹11.33 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน100.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | INTEGRITY |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in 2017, Integrity Infrabuild Developers Limited is a Class-A civil contractor registered with the Government of Gujarat.
The company executes construction activities as a contractor for government projects in Gujarat and regularly subcontracts to expand its presence in the state's construction sector.
As of March 31, 2025, the company has secured ongoing contracts totalling โน 20,598 lakhs. Of this amount, works valued at โน 4,291 lakhs have been executed, while the remaining โน 16,307 lakhs are included in their order book.
As of March 31, 2025, the company had 53 full-time employees which include KMP, Office Staff, Project Execution staff (Semi-skilled, unskilled worked including drivers).
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Purchase of machinery and equipment | 5.03 |
| 2 | Funding working capital requirements of the Company | 3.64 |
| 3 | General Corporate Purposes | 2.40 |
| 4 | Issue Expenses | 0.93 |
| Total | 12.00 |
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 33.35 | 20.68 | 15.25 | 13.06 |
| Total Income | 68.97 | 64.63 | 45.23 | 33.48 |
| Profit After Tax | 1.94 | 0.95 | 0.29 | 0.30 |
| NET Worth | 4.56 | 3.10 | 1.78 | 2.55 |
| Reserves and Surplus | 1.46 | |||
| Total Borrowing | 12.86 | 11.17 | 5.22 | 6.51 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 30.60% |
| ROCE | 13.14% |
| Debt / Equity | 3.71% |
| RoNW | 30.60% |
| PAT Margin | 1.47% |
| Price to Book Value | 10.00 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 3.06 | 6.02 |
| P/E (x) | 32.68 | 16.6 |
| Promoter Holding | 99.99% | 72.09% |
| Market Cap | โน43.00 Cr. | |