Integrity Infrabuild Developers IPO: Day One Subscription Status, Latest GMP, Price Band And More
Shares of Integrity Infrabuild Developers are proposed to be listed on the NSE SME platform on May 20.
Integrity Infrabuild Developers Ltd. launched its initial public offering (IPO) on May 13. It is a construction company involved in building roads, bridges, and irrigation infrastructure. Investors looking to bid for shares in this IPO must check the following details before taking an investment call.
Integrity Infrabuild Developers IPO: Key Details
The Integrity Infrabuild Developers IPO is a fixed price issue of Rs 12 crore, comprising a fresh issue of 12 lakh shares.
Retail investors can invest in the IPO with a minimum lot size of 1,200 shares, requiring a minimum investment of Rs 1,20,000. High Net-worth Individuals (HNIs) can invest with a minimum lot size of 2,400 shares, amounting to an investment of Rs 2,40,000.
The NSE SME offer is a fixed price issue. The IPO price has been fixed at Rs 100 per share.
The subscription window for the Integrity Infrabuild Developers IPO is open from May 13 to May 15. The allotment of shares is proposed to be finalised on May 16. Crediting of shares to the Demat accounts of successful bidders and refunds for non-allottees will be done on May 19.
Shares of Integrity Infrabuild Developers are proposed to be listed on the NSE SME platform on May 20.
Half of the net issue is reserved for retail investors, while the other half is reserved for other investors.
Aryaman Financial Services Ltd. is the book-running lead manager for the IPO. Link Intime India Pvt. is the registrar and Aryaman Capital Markets Ltd. is the market maker for the IPO.
Integrity Infrabuild Developers Subscription Status
The Integrity Infrabuild Developers IPO has been subscribed 0.0 times as of 10:45 a.m. on Tuesday.
Non-Institutional Buyers: 0.01 times
Retail Investors: 0.09 times
*The subscription status will be updated at regular intervals
Integrity Infrabuild Developers IPO GMP Today
According to Investorgain, the grey market premium (GMP) for the Integrity Infrabuild Developers IPO was Rs 0 as of 10:00 a.m. on May 13. It indicates a potential flat listing for the offer. However, new trends could emerge once the subscription window opens.
Note: GMP does not represent official data and is based on speculation.
Integrity Infrabuild Developers: Business And Financials
Integrity Infrabuild Developers was founded in 2017. It offers construction services for building bridges, transportation networks, roads and irrigation infrastructure. It is based in Gujarat and has undertaken several construction projects in the state.
Use Of Proceeds
The company has proposed to use net proceeds from the IPO for purchasing machinery and equipment, funding working capital requirements and general corporate purposes.
Financials
The company reported a 222% year-on-year increase in its profit after tax to Rs 94.85 lakh in FY24 from Rs 29.44 lakh in FY23. Total income rose 42.9% year-on-year to Rs 64.63 crore in FY24 from Rs 45.23 crore in FY23.
For the nine-month period in FY25, ending December 2024, the company’s profit after tax stood at Rs 1.94 crore and revenue at Rs 68.97 crore.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
