Integrity Infrabuild Developers IPO to open next week; check details

Integrity Infrabuild Developers IPO

Gujarat-based civil contractor Integrity Infrabuild Developers will launch its initial public offering for fund raising on May 13. This would be the second public issue opening next week along with Accretion Pharmaceuticals.

The company plans to raise Rs 12 crore via maiden public issue of 12 lakh shares at a price of Rs 100 per share. It is a fixed price issue, closing on May 15.

The IPO share allotment will be finalised by May 16, while the trading in Integrity Infrabuild Developers shares will commence on the NSE Emerge effective May 20.

Half of the net offer size is reserved for retail investors, and the remainder shares for non-retail investors.

The company will utilise Rs 5.03 crore out of net IPO proceeds for purchase of machinery and equipments, Rs 3.64 crore for working capital requirements, and Rs 2.4 crore for general corporate purpose.

From FY22, it has completed 111 projects with a contract value of Rs 213.4 crore, which all were under direct contract with the Gujarat government & semi government authorities.

As on March 2025, it has received contracts worth Rs 206 crore, of which Rs 42.91 crore worth works have been executed and the remainder Rs 163.1 crore are part of its order book.

The book running lead manager handling the public issue is Aryaman Financial Services.