Integrity Infrabuild Developers Limited is preparing to launch its Initial Public Offering (IPO) on May 13, 2025. The company, a leading civil contractor in Gujarat, is offering a fresh issue of 12,00,000 equity shares at a price band of ₹100 each. This move marks an important step for the company as it seeks to raise ₹12 crore through the IPO, which will help finance the company's expansion and working capital requirements. The IPO will officially open on May 13 and will remain open until May 15, 2025.
Company Background
Founded in 2017, Integrity Infrabuild Developers has quickly established itself as a key player in the civil infrastructure sector in Gujarat. The company specializes in providing civil construction services for a range of state government projects, including roads, buildings, and other public infrastructure. As of March 31, 2025, Integrity Infrabuild has secured contracts totaling ₹20.6 crore. Of this, ₹4.3 crore worth of work has already been completed, with the remaining ₹16.3 crore in the order book. The company’s ability to deliver quality work for government contracts has contributed to its growth, and this IPO, set to open on May 13, is seen as an opportunity to scale operations.
IPO Details
The Integrity Infrabuild Developers IPO will consist of a fresh issue of 12,00,000 equity shares. The price band for the IPO has been set at ₹100 per share. The face value of the shares is ₹10 each, and the issue size is ₹12 crore. The IPO subscription period will run from May 13 to May 15, 2025. Investors can apply in lots, with the minimum lot size being 1,200 shares, and subsequent applications can be made in multiples of this amount.
The proceeds from the IPO will be used for acquiring machinery and equipment, which will help the company enhance its operational capacity. A portion of the funds will also be allocated towards financing working capital needs and covering general corporate expenses. The IPO’s opening on May 13 marks the beginning of the company’s journey toward greater growth and expansion.
Grey Market Premium (GMP)
As of now, there is no clear information regarding the Grey Market Premium (GMP) for the Integrity Infrabuild Developers IPO. GMP is an important indicator for many investors as it reflects the demand for the IPO in the unlisted market. Investors should keep an eye on GMP trends as the issue date approaches on May 13, as it can provide a clue about the potential listing price and investor sentiment toward the company.
How to Apply for the IPO
Interested investors can apply for the Integrity Infrabuild Developers IPO through the Application Supported by Blocked Amount (ASBA) facility available with banks or through online platforms. This IPO can be accessed via both retail and institutional applications, ensuring a broad participation base. It’s crucial to apply during the subscription window starting on May 13 to ensure eligibility for allocation in the issue.
Why Invest in Integrity Infrabuild Developers IPO?
Integrity Infrabuild Developers has established itself as a reliable civil contractor with a strong order book and a good track record of completing government projects. This IPO offers investors an opportunity to invest in a growing infrastructure company that has positioned itself well in the rapidly expanding Indian infrastructure sector. Moreover, the capital raised will enable the company to expand its capabilities and take on more government contracts, which could drive future growth.
However, like all IPOs, there are risks associated with the investment, and it is important for investors to carefully assess their risk appetite and conduct thorough due diligence before applying. Consulting with a financial advisor is also recommended to ensure that the investment aligns with their long-term goals.
Conclusion
The Integrity Infrabuild Developers IPO opens on May 13, 2025, offering a price band of ₹100 per share. As the company seeks to raise funds for expansion and operational growth, it presents a unique opportunity for investors looking to participate in the growing infrastructure sector. With a strong order book, a solid track record, and clear growth prospects, Integrity Infrabuild Developers is poised for significant progress, making its IPO on May 13 a potential investment for those interested in the civil infrastructure space.
