Integrity Infrabuild Developers IPO Allotment Status: Check Latest GMP, Steps to Verify Status
Integrity Infrabuild Developers’ ₹47.52 crore IPO has garnered notable attention from retail and institutional investors alike. With the subscription period closing on 10 May 2025 and allotment finalised on 16 May 2025, investors now shift focus to checking their allotment status, grey market premium (GMP) movement, and expected listing performance.
Shares of Integrity Infrabuild Developers are scheduled to be listed on the NSE SME platform on Tuesday, 21 May 2025. With market sentiment currently supportive for infrastructure and SME plays, the stock’s debut will be closely watched.
Strong Demand Across Investor Categories
The SME IPO witnessed robust demand, particularly from retail investors. Integrity Infrabuild Developers, a Mumbai-based infrastructure player with a portfolio spanning roads, bridges, and civil construction, offered shares in the price band of ₹65–₹70 per share. The offer comprised a fresh issue of 67.88 lakh equity shares, with no offer-for-sale component. Backed by a healthy order book and visibility in government-backed infrastructure projects, the company’s issue was oversubscribed multiple times, underscoring strong investor interest.
Subscription Breakdown
Integrity Infrabuild Developers IPO was subscribed 2.17 times. The retail investor segment saw robust interest, with a subscription of 2.26 times against 5,66,400 shares offered, receiving bids for 12,78,000 shares through 1,065 applications. The Non-Institutional Investor (NII) category was subscribed 2.09 times, with 92 applications for 11,83,200 shares against the same number of shares offered. Overall, the IPO received bids for 24,61,200 shares against the total offer size of 11,32,800 shares, with a total of 1,157 applications submitted. Subscription details for the Qualified Institutional Buyers (QIB) category were not disclosed at the time of reporting.
Use of Proceeds
Integrity Infrabuild Developers Limited plans to utilise the net proceeds from its IPO to support key strategic and operational objectives. The company has allocated ₹50.30 million for the purchase of machinery and equipment to enhance its project execution capabilities. Additionally, ₹36.40 million will be directed towards funding working capital requirements, aimed at strengthening liquidity and supporting day-to-day operations. A further ₹24.00 million is earmarked for general corporate purposes, providing financial flexibility to meet business needs and future growth initiatives.
Grey Market Premium (GMP) and Market Sentiment
As of 16 May 2025, the IPO is commanding a GMP of approximately ₹15–₹18 per share. This places the expected listing price in the ₹85–₹88 range, reflecting a potential listing gain of 21–25% over the upper end of the issue price. However, investors should remain cautious as GMPs are unregulated, unofficial indicators and may fluctuate rapidly before the listing date.
Note: The Grey Market Premium (GMP) is not an official price and is based on Market Speculation.
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
Source: LiveMint Report Dated May 16, 2025
How to Check IPO Allotment Status
Investors who applied for the IPO can verify their allotment status through either the registrar’s website or the stock exchange portal. The registrar for the IPO is Link Intime India Private Limited. Here are the steps to check allotment status:
Via Link Intime India Website:
- Visit the registrar’s website: https://linkintime.co.in
- Click on ‘Public Issues’ under the ‘Investor Services’ tab.
- Select ‘Integrity Infrabuild Developers Limited’ from the dropdown list.
- Choose one of the following search methods:
- PAN (Permanent Account Number)
- Application Number
- DP/Client ID
- Enter the relevant details and captcha code.
- Click ‘Submit’ to view your allotment status.
Via NSE Website:
- Go to the NSE IPO allotment page: https://www.nseindia.com
- Navigate to ‘Equity’ → ‘IPO’ → ‘Status’.
- Select the company and enter required credentials.
- Click ‘Search’ to check allotment.
Allotment details will also be sent via email and SMS to successful applicants. Refunds for unallocated shares are expected to be processed by 17 May 2025, with credit of shares to demat accounts on 20 May 2025.
Company Overview
Incorporated in 2017, Integrity Infrabuild Developers Limited is a Class-A civil contractor registered with the Government of Gujarat, primarily engaged in executing government infrastructure projects across the state. The company undertakes construction activities in roads, buildings, and bridge segments, often operating as a primary contractor and occasionally subcontracting to broaden its market footprint. As of 31 March 2025, the company had secured ongoing contracts worth ₹20,598 lakh, of which ₹4,291 lakh worth of work had been completed, leaving an unexecuted order book of ₹16,307 lakh. The firm employed 53 full-time staff members, comprising key managerial personnel, office staff, and project execution teams, including semi-skilled and unskilled workers. Integrity Infrabuild's competitive strengths lie in its sectoral focus, technical expertise, strong project management capabilities, and a healthy financial track record, supported by a growing order book and operational resources.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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