Integrity Infrabuild Developers IPO opens on May 13: Check price band, lot size, key dates and more

Integrity Infrabuild Developers IPO: The initial public offering of Integrity Infrabuild Developers Ltd will open for subscription on Tuesday, May 13. The issue, which is fixed price at ₹100 per share, will conclude on May 15.

The initial share sale is entirely a fresh issuance of 12 lakh shares worth ₹12 crore.

The net proceeds from the issue will be used for the following objects:

• Capital expenditure to set up an additional development facility in Maharashtra
• Invest in procuring a server, GPU and storage system at the data center
• Fund business development and market initiatives
• Fund expenditure related to enhance, maintain and upgrade existing products through manpower hiring
• General corporate purposes

Retail investors can apply for one lot, consisting of 1,200 shares, needing an investment of ₹1,20,000. For high-net-worth individuals, the minimum investment is ₹2,40,000.

The company has reserved half of the net offer for retail investors and the remaining portion for other investor categories.

Integrity Infrabuild Developers IPO: Key dates

Aryaman Financial Services is the issue's book-running lead manager, while Link Intime India Pvt Ltd is the registrar.

Integrity Infrabuild Developers is an integrated civil contract firm, engaged in contracting and subcontracting services for government projects, including road and bridge construction. The company has been registered as a Class-A contractor with the Government of Gujarat.

In subcontracting, a main contractor, who is awarded a project by a government entity, assigns part or all of the work to specialised subcontractors.

As of March 2025, it has an order book of ₹205.98 crore.

The firm had reported a revenue from operations of ₹64.63 crore in the financial year 2023-24, as against ₹45.23 crore a year back. The net profit climbed to ₹0.95 crore in FY24 from ₹0.29 crore in FY23.