Integrity Infrabuild Developers IPO GMP Today | IPO Price & Date Live

When a small enterprise ventures into IPOs, one raises an eyebrow. That's precisely what is being done by Integrity Infrabuild Developers IPO. This SME IPO is generating some buzz, and if you're debating investing or avoiding, this account dissects it for you.

Who Are They?

Integrity Infrabuild Developers is a Gujarat development company. They primarily undertake government works such as roads, bridges, and other civil infrastructure. The company is classified as a Class-A civil contractor, meaning they are authorized to undertake large-scale public works.

Established in 2017, Integrity has been growing consistently. Until March 2025, they had worth ₹205.98 crore of ongoing projects. Of these, ₹42.91 crore worth of project work is already completed.

They're not a huge team—only 53 full-time staff, ranging from clerical workers to project execution employees. But they appear to be doing the job.

What's the IPO All About?

Here's a brief rundown of the Integrity Infrabuild Developers IPO:

• IPO Dates: May 13 to May 15, 2025
• IPO Price: ₹100 per share
• Lot Size: 1 lot = 1,200 shares (₹1,20,000 investment minimum)
• IPO Size: ₹12 crore (12 lakh shares)
• Listing On: NSE SME
• Expected Listing Date: May 20, 2025

It's a fixed price issue, i.e., the IPO price is fixed and will not vary during the offer period.

What Will the Company Use the Money For?

The funds raised will be utilized for:

• Purchase of new building equipment
• Funding working capital requirements
• General expenses of the business

A Quick Glance at the Company's Financial Health

Let's divide the numbers into concise bullets for easy consumption:

1. Revenue Growth:

• ₹45.23 lakh in FY 2023
• ₹64.63 lakh in FY 2024
• ₹68.97 lakh (as on Dec 2024)

2. Profit After Tax (PAT):

• ₹0.29 lakh (2023)
• ₹0.95 lakh (2024)
• ₹1.94 lakh (as on Dec 2024)

3. Net Worth:

• Increased from ₹1.78 lakh in 2023 to ₹4.56 lakh as on Dec 2024

4. Borrowings:

• ₹5.22 lakh in 2023
• ₹12.86 lakh as on Dec 2024

The figures indicate steady increase, albeit small. Cash flows also appear good.

How Does It Compare?

Let's compare Integrity with peer companies:

• Udayshivakumar Infra: P/E 6.82x
• V R Infraspace: P/E 67.04x
• Industry Average: 37.04x

So, Integrity's IPO has a P/E multiple of approximately 32.68x, which is slightly less than average. This indicates the IPO isn't overvalued, at least from a P/E perspective.

What About the Integrity Infrabuild Developers IPO GMP?

As of May 10, 2025, the Integrity Infrabuild Developers IPO GMP (Grey Market Premium) is ₹0. So the listing price is estimated to be around ₹100—same as the issue price.

This means there’s currently no buzz or premium in the grey market. But remember, GMP can change daily, so stay updated with Live IPO GMP and IPO GMP today before making any decisions.

Strengths to Consider

• Specializes in infrastructure projects like roads and bridges
• Good reputation in Gujarat as a government contractor
• Growing order book and consistent revenue growth
• Experienced team managing projects efficiently

Risks You Should Know

• Whole business is confined to Gujarat—any domestic disruption can strike them badly
• Heavy reliance on government orders
• Delays or cancellations in projects could dent profits

Should You Apply?

• The Integrity Infrabuild Developers IPO can be of interest to those seeking long-term growth in the infrastructure space. It's a small player, but it has been financially prudent and has a improving project pipeline.
• Though, it's a moderate profit player also with region-specific presence. No GMP premium, and your money will be tied up at least ₹1.2 lakh (1 lot), so proceed with caution.
• If you are a risk-taker who's looking to watch small infra companies, then maybe it is worth a consideration.

Final Thoughts

The Integrity Infrabuild Developers IPO gives small investors a chance to get into a growing infra player. It’s not hyped, and the IPO GMP today shows no listing gain expectations yet. But for those willing to play the long game, it’s worth watching.

Just remember: every IPO has risks. Always do your own research or talk to your financial advisor before investing.

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