Integrity Infrabuild Developers IPO Live
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Schedule of Integrity Infrabuild Developers
| Issue open date | 13 May 2025 |
| Issue close date | 15 May 2025 |
| UPI mandate deadline | 15 May 2025 (5 PM) |
| Allotment finalization | 16 May 2025 |
| Refund initiation | 19 May 2025 |
| Share credit | 19 May 2025 |
| Listing date | 20 May 2025 |
| Mandate end date | 30 May 2025 |
| Lock-in end date for anchor investors (50%) | 15 Jun 2025 |
| Lock-in end date for anchor investors (remaining) | 14 Aug 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Integrity Infrabuild Developers
Incorporated in 2017, Integrity Infrabuild Developers is an integrated civil contracting company registered as a Class-A contractor in Gujarat. It focuses on government infrastructure projects, including road, bridge, and building construction. The company executes projects directly for government and semi-government entities, ensuring full control over quality and timelines. Since FY 2021-22, it has completed 111 projects with a combined contract value of ₹21,336.63 lakhs, including 103 road projects and 8 building constructions, without relying on subcontracting.
Financials of Integrity Infrabuild Developers
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹12 crores |
| Fresh Issue | ₹12 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of machinery and equipment | 5.03 (41.92%) |
| Working capital requirements | 3.64 (30.33%) |
| Issue related expenses | 0.93 (7.75%) |
| General corporate purposes | 2.40 (20%) |
Strengths
- Focused on roads, buildings, and bridge construction.
- Strong project management capabilities with industry experience.
- Visible growth through a robust order book.
- Strong financial performance and stability.
- Technical capabilities and resources for efficient project execution.
Risks
- Geographic concentration risk with heavy reliance on Gujarat projects.
- Revenue heavily dependent on a few major clients.
- Project delays, modifications, or cancellations impacting financial results.
- High competition from established regional and national players.
- Economic and regulatory changes affecting project viability.
- Client payment delays can strain cash flow and liquidity.
- Vulnerability to local political and economic instability.
Allotment Status for Integrity Infrabuild Developers
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Subscription Figures for Integrity Infrabuild Developers
Subscription numbers as of 12:00 PM on 14 May 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII (₹2L+) | 6.33 | 4.86 | 0.77x |
| Retail (upto ₹2L) | 5.66 | 4.70 | 0.83x |