Integrity Infrabuild Developers Limited, a Gujarat-based Class-A civil contractor, has launched its Initial Public Offering (IPO) in India. The IPO opens for subscription on May 13, 2025, and will close on May 15, 2025. The issue is entirely a fresh offer of 12,00,000 equity shares priced at ₹100 apiece, aiming to raise ₹12 crore for machinery acquisition and working capital.
Integrity Infrabuild Developers Limited, a Government of Gujarat-certified Class-A civil contractor, has announced the launch of its Initial Public Offering (IPO) in India. Headquartered in Gujarat, the company specializes in state government civil construction projects and subcontracting work in the region.
The IPO will open for subscription on May 13, 2025, and conclude on May 15, 2025. Priced at ₹100 per equity share with a face value of ₹10, the offering consists solely of a fresh issue of 12,00,000 equity shares. The company aims to raise ₹12 crore through the issue to support machinery procurement, working capital, and general corporate needs.
Founded in 2017, Integrity Infrabuild Developers has built a strong foothold in Gujarat’s construction market. As of March 31, 2025, it holds contracts worth ₹20,598 lakhs, with ₹4,291 lakhs already executed and the remaining ₹16,307 lakhs forming its active order book.
The IPO has no offer-for-sale (OFS) component. Aryaman Financial Services Limited is serving as the book-running lead manager, while Link Intime India Private Ltd is the registrar. Aryaman Capital Markets Limited is the designated market maker for the issue.
As of May 13, the IPO’s grey market premium (GMP) stood at ₹0, suggesting that shares are trading at their issue price in the unofficial market. This reflects neutral investor sentiment ahead of listing.
Integrity Infrabuild Developers aims to use the raised capital to strengthen its equipment base and enhance liquidity to handle ongoing and future projects, in line with its expansion strategy in Gujarat’s infrastructure sector.
