# Integrity Infrabuild Developers IPO: All You Need to Know

The stock market is buzzing with another SME IPO – this time it’s the [Integrity Infrabuild Developers IPO](https://www.finowings.com/IPO/integrity-infrabuild-developers-ipo). If you’re wondering whether this IPO is worth your money, this simple guide covers everything—price, dates, strengths, weaknesses, and even the IPO GMP today.

## About the Company
Integrity Infrabuild Developers is a Gujarat-based construction company started in 2017. They work mostly on government projects like roads, bridges, and civil structures. They're listed as a Class-A contractor, meaning they’re qualified to handle big infrastructure projects.

### As of March 2025:

* They have ₹205.98 crore worth of contracts in hand.
* ₹42.91 crore of work is already completed.
* The remaining ₹163.07 crore is ongoing.

The company runs a lean operation with 53 employees, including project and admin staff.

## Integrity Infrabuild Developers IPO Overview
Here are the key details about the IPO:

* IPO Opening Date: May 13, 2025
* IPO Closing Date: May 15, 2025
* Issue Price: ₹100 per share
* Lot Size: 1,200 shares per lot
* Minimum Investment: ₹1,20,000 (Retail)
* Listing Date: May 20, 2025
* Exchange: NSE SME

The IPO size is ₹12 crore, with all of it being a fresh issue of 12 lakh shares.

## Use of Funds
The company plans to use the IPO money for:

* Buying new construction machinery
* Meeting working capital needs
* General business purposes

## Financial Performance Snapshot
Here’s a quick look at how the company is doing financially:

### Revenue:
* ₹45.23 lakh (FY 2023)
* ₹64.63 lakh (FY 2024)
* ₹68.97 lakh (till Dec 2024)

### Net Profit (PAT):

* ₹0.29 lakh (2023)
* ₹0.95 lakh (2024)
* ₹1.94 lakh (till Dec 2024)

### Net Worth:

* ₹1.78 lakh (2023)
* ₹4.56 lakh (Dec 2024)

## Integrity Infrabuild Developers IPO GMP
As of May 10, 2025, the [Integrity Infrabuild Developers IPO GMP](https://www.finowings.com/IPO/integrity-infrabuild-developers-ipo) is ₹0. This means the estimated listing price is the same as the issue price—₹100.

Keep checking the live IPO GMP before applying, as it may change closer to the listing date.

## Industry Comparison
Let’s see how Integrity compares with its listed peers:

* Udayshivakumar Infra – P/E 6.82x
* V R Infraspace – P/E 67.04x
* Industry Average – 37.04x
* Integrity’s P/E Ratio – 32.68x (based on FY24 earnings)

This suggests that the IPO is fairly valued when compared to the industry average.

## What’s Good About This IPO?
* Trusted contractor for government projects
* Strong order book and growing revenue
* Focused on infrastructure—a growing sector in India
* Consistent financial growth

## Risks to Be Aware Of
* Entire business is limited to Gujarat
* High dependence on government contracts
* Project delays can impact revenue and profit

## Promoters and Shareholding
Promoters include:

* Keyurkumar Sheth
* Rajendrakumar Sheth
* Disha Keyurkumar Sheth
* Pre-Issue Shareholding: 99.99%
* Post-Issue Shareholding: 72.09%

## Should You Invest?
The Integrity Infrabuild Developers IPO may interest investors who believe in India's growing infrastructure sector. With a strong order book and a fair IPO price, it could offer long-term potential.

However, lack of GMP premium and region-specific operations may be a concern for short-term gains.

Always invest based on your financial goals and risk appetite.

## Key Dates Summary
* IPO Opens: May 13, 2025
* IPO Closes: May 15, 2025
* Allotment Date: May 16, 2025
* Refunds Initiate: May 19, 2025
* Listing Date: May 20, 2025

## Final Thoughts
The Integrity Infrabuild Developers IPO looks promising for long-term investors, especially those confident in India’s infra growth story. With a fair valuation and steady financials, it's something to keep an eye on.

Stay updated with the latest [IPO GMP today](https://www.finowings.com/IPO/integrity-infrabuild-developers-ipo) and track live IPO GMP to make a well-informed choice.

Thinking of applying? Always consult your financial advisor first.