Listed

Integrity Infrabuild Developers Limited IPO

Integrity Infrabuild Developers Limited is a Gujarat-based infrastructure development company engaged in civil construction projects such as roads, bridges, and public buildings. Originally established in 2017 as a partnership firm, the company was later restructured and incorporated as a public limited company in June 2024.

RHP DRHP

Min Investment

₹1,20,000

Lot Size

1200 Shares

Price Range

₹100

Issue Size (₹ Cr.)

₹12.00 Cr

IPO Type

NSE SME

Key Metrics

Face Value

₹ 10

GMP

₹ 0

Subscription

2.17x

EPS

₹ 6.02

P/E Ratio

16.6 x

RoNW

30.60%

ROE

30.60%

Debt to Equity (₹ Cr.)

3.60

Timeline

IPO Opened13/05/2025Tuesday

IPO Closed15/05/2025Thursday

Allotted16/05/2025Friday

Refunded19/05/2025Monday

Listed20/05/2025Tuesday

Strengths

Class-A Contractor License – Authorized to undertake large-scale infrastructure projects in Gujarat.
Government Project Focus – Specializes in roads, bridges, and building works for government clients.
Experienced Track Record – Operational since 2017 with a proven project execution history.
Strong Regional Presence – Concentrated operations in Gujarat enable efficient management.
IPO-Driven Growth Strategy – Going public to boost capital access and industry credibility.

Weaknesses

High Debt Levels – A debt-to-equity ratio of 3.60 indicates significant financial leverage.
Geographical Limitation – Operations are restricted to Gujarat, limiting market diversification.
Client Concentration – Heavy reliance on government contracts increases exposure to policy changes.
Limited Industry Diversification – Focuses mainly on infrastructure, lacking sectoral variety.
Short Corporate History – Incorporated as a company only in 2022, reducing long-term credibility.