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Integrity Infrabuild Developers IPO
Integrity Infrabuild Developers Ltd
₹1,20,000 /1200 sharesMinimum Investment
Integrity Infrabuild Developers IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹100.00 | ₹100.80 | ₹0.80 (0.80%) |
Integrity Infrabuild Developers IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 13 May ‘25 - 15 May ‘25 | ₹1,20,000 | 1,200 | ₹100 - ₹100 |
| Issue Size | IPO Doc |
|---|---|
| 12.00Cr | RHP PDF |
Subscription rate
As of 15 May'25, 04:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 2.13x |
| Retail Individual Investor | 1.92x |
| Total | 1.91x |
About Integrity Infrabuild Developers
Founded in
2017
Managing director
Mr Keyurkumar Sheth
Parent organisation
Integrity Infrabuild Developers Ltd
Strengths & Financials of Integrity Infrabuild Developers
Strengths
Risks
The company claims to have strong project management capabilities, with a track record of completing 111 projects valued at Rs 213.37 crore. The company further claims to have a robust fleet of construction equipment and vehicles, which enables it to manage multiple projects simultaneously while maintaining high-quality standards.
As of March 31, 2025, Integrity Infrabuild Developers claims to have a strong order book valued at Rs 205.98 crore, with Rs 42.91 crore worth of work already completed. The company attributes this growth to its ability to consistently bid for and win new projects, positioning itself for sustained growth and increased shareholder value.
Integrity Infrabuild Developers has shown consistent financial growth, with revenue from operations rising from Rs 33.42 crore in FY22 to Rs 45.19 crore in FY23 and Rs 64.47 crore in FY24, representing a compound annual growth rate (CAGR) of 38.89 percent.
Integrity Infrabuild Developers derives its entire revenue from projects undertaken or awarded in Gujarat by the Gujarat state government, local authorities, and other Gujarat-funded entities. Any adverse change in the business environment of the state could negatively impact the company’s business and finances.
A significant portion of the company’s revenue comes from its top five clients. For the period ended December 31, 2024, they contributed Rs 65.91 crore (95.66 percent) to the company’s total revenue, Rs 61.54 crore (95.45 percent) in FY24, Rs 41.32 crore (91.45 percent) in FY23, and Rs 29.62 crore (88.62 percent) in FY22. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients could adversely affect the company’s business and financial standing.
A significant portion of the company’s purchases of raw materials is concentrated among its top 10 suppliers. They accounted for Rs 29.91 crore (85.58 percent) of the company’s total expenses for the period ended December 31, 2024, Rs 15.86 crore (59.82 percent) in FY24, Rs 16.74 crore (81.42 percent) in FY23, and Rs 12.18 crore (78.17 percent) in FY22. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company’s construction activities are exposed to seasonal risks, particularly during the monsoon season, when heavy rainfall or extreme weather events can disrupt operations, delay project timelines, and damage equipment and sites. These seasonal factors can shift revenue recognition to later quarters and adversely affect cash flows, operating results, and overall financial performance.
Integrity Infrabuild Developers has experienced negative cash flow from investing activities amounting to Rs 9.18 crore for the period ended December 31, 2024, Rs 7.25 crore in FY24, Rs 0.91 crore in FY23, and Rs 2.78 crore in FY22. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
As of December 31, 2024, the company had outstanding financial indebtedness of Rs 12.86 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Integrity Infrabuild Developers Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Integrity Infrabuild Developers IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹100 - 100 | ₹2 - 5 Lakh |
| High Networth Individual | ₹100 - 100 | ₹2 - 5 Lakh |
For Integrity Infrabuild Developers IPO, eligible investors can apply as Regular.