Integrity Infrabuild Developers Limited is coming up with an IPO consisting of a fresh issue of 12,00,000 shares worth INR 12 crores. The company aims to fund capital expenditure towards machinery & equipment purchase, meet working capital requirements and general corporate purposes. 

Integrity Infrabuild Developers IPO – Important Dates

Integrity Infrabuild Developers Limited IPO – Company Profile

Integrity Infrabuild Developers is an integrated civil contract company registered as a Class-A contractor with the Government of Gujarat since August 24, 2018, with a renewed certificate issued on June 29, 2024. The company undertakes government projects, including road, building, and bridge construction.

The company specialises in both contracting and sub-contracting services. While subcontracting involves delegation by a main contractor to specialised firms, Integrity Infrabuild ensures all work meets project timelines, quality benchmarks, legal and safety standards, with the main contractor remaining ultimately accountable.

Since January 4, 2017, the company has executed 111 projects in Gujarat, valued at ₹21,336.63 lakhs. Notably, 100% of these were direct contracts with the Gujarat Government and semi-government bodies.

Integrity Infrabuild Developers Ltd IPO Fundamental Analysis

Integrity Infrabuild Developers Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth along with rising profits and assets, with improved liquidity. However, the debt-equity ratio has increased, which could be a source of concern among investors. 

• Revenue Trend: The revenue increased from ₹4,523.33 lakhs in March 2023 to ₹6,463.39 lakhs in March 2024. The revenue for the 9-month period ended December 2024 is INR 6,896.80 lakhs.    
• Equity and Liabilities:  Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing. 
• Profitability: The profit after tax (PAT) has increased from ₹29.44 lakhs in March 2023 to ₹94.85 lakhs in March 2024, boosting investor confidence. The profit for the 9-month period ended in December 2024 is ₹194.30 lakhs.
• Earnings per Share (EPS): The diluted EPS has increased from ₹0.95 in March 2023 to ₹3.06 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for the 9-month period ended in December 2024 is ₹6.27. 
• Return on Net Worth (RoNW): The RoNW has risen from 16.51% to 30.60%, indicating an increase in the company’s ability to generate returns on shareholder equity.
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations. 
• Inventory Turnover Ratio: There’s an increase in the Inventory Turnover Ratio, which might suggest faster sales or efficient inventory management. 

Integrity Infrabuild Developers IPO Financial Analysis

Integrity Infrabuild Developers Limited IPO Peer Comparison

Integrity Infrabuild Limited shows high RONW when compared to its peers. Udayshivakumar Infra Limited excels in revenue when compared to others, whereas V R Infraspace Limited has the highest P/E ratio and NAV. 

Integrity Infrabuild Developers Ltd IPO Objective

The main objective of Integrity Infrabuild Developers Limited is to fund capital expenditure towards machinery & equipment purchase, working capital requirements and meet general corporate purposes. 

1. Capital expenditure towards purchase of machinery and equipment: The company plans to utilise INR 503 lakhs from the Net Proceeds to fund capital expenditure towards the purchase of machinery and equipment. 

2. Funding Working capital requirements: The company aims to utilise INR 364 lakhs from the Net Proceeds to fund the working capital requirements. 

3. General Corporate Purpose: The company proposes to utilise INR 240 lakhs from the Net Proceeds to meet general corporate purposes. 

Integrity Infrabuild Developers IPO Risks And Challenges

Integrity Infrabuild Developers Limited’s risks include geographical concentration in Gujarat, heavy reliance on government contracts and a limited client base, along with project execution uncertainties, all of which could materially impact operations, profitability, and business performance.

• The company’s entire business is concentrated in Gujarat and depends heavily on contracts awarded by the Gujarat State Government and related entities. Any regulatory, economic, or policy changes in the state could lead to contract cancellations, terminations, or modifications, adversely affecting operations.

• The company’s significant portion of revenue is derived from a few major clients. The loss of one or more key clients could result in a substantial negative impact on the company’s business continuity, revenue flow, and profitability.

• The company’s ongoing and future projects face multiple execution risks such as delays, cost escalations, and cancellations beyond its control. These uncertainties could damage its reputation and adversely affect its financial performance and long-term growth prospects.

Integrity Infrabuild Developers Ltd IPO – Industry & Market Potential

India’s infrastructure industry is central to the country’s US$ 26 trillion economic vision. As of 2024, the government has allocated Rs. 11.11 lakh crore (US$ 133.86 billion) in capital expenditure, 3.4% of the GDP. The National Infrastructure Pipeline (NIP) includes 9,142 projects across 34 sub-sectors, with 2,476 projects currently under development.

The Indian Railways generated Rs. 2.4 lakh crore in revenue for FY24, and highway construction touched 12,349 km. India now has the world’s second-largest road network at 6.7 million km and a metro network spanning 945 km across 21 cities. The logistics market reached US$ 317 billion in 2024, and real estate saw US$ 2.77 billion in quarterly investments.

Infrastructure capex is projected to grow at an 11.4% CAGR over 2021–26, driven by urban, water, and transport projects. The government targets reducing logistics costs from 14% to 8% of GDP and aims to improve India’s Logistics Performance Index (LPI) rank to 25. 

Integrity Infrabuild Developers Limited IPO – Type of Offer

Integrity Infrabuild Developers Limited is coming up with an IPO with a fresh issue of 12,00,000 shares worth INR 12 crores. The company aims to fund capital expenditure towards the purchase of machinery & equipment, fund working capital requirements and general corporate purposes. 

Integrity Infrabuild Developers IPO Offer Size

The offer size of Integrity Infrabuild Developers Limited is INR 12 crores, consisting of a fresh issue of 12,00,000 shares. The company aims to meet capital expenditure towards the purchase of machinery & equipment, fund working capital requirements and general corporate purposes. 

Integrity Infrabuild Developers Limited IPO Allotment Structure

Integrity Infrabuild Developers Limited’s allocation will be as follows: A minimum of 50% for Retail Individual Investors (RII) and the remaining to other investors, including corporate bodies or institutions, irrespective of the number of specified securities applied for, according to SEBI regulations, as it is a fixed price issue.

● Retail Individual Investors (RII): A minimum of 50% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.

How to apply for the Integrity Infrabuild Developers IPO?

To apply for the Integrity Infrabuild Developers Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Integrity Infrabuild Developers Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

You can apply for the Integrity Infrabuild Developers Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Integrity Infrabuild Developers IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Integrity Infrabuild Developers Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Integrity Infrabuild Developers Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

Apart from Alice Blue, there are other ways to check the allotment status of the Integrity Infrabuild Developers Limited IPO:

● Registrar’s Website: Visit the website of Link Intime India Private Ltd, the registrar of the Integrity Infrabuild Developers Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange Small and Medium Enterprises (NSE SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Integrity Infrabuild Developers Ltd IPO Offer Registrar

The registrar for the Integrity Infrabuild Developers Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Mufg Intime India Private Limited

(Formerly Link Intime India Private Limited) 

C-101, 1st Floor, 247 Park

L.B.S. Marg, Vikhroli (West)

Mumbai 400 083

Maharashtra, India

Tel: +91 810 811 4949

E-mail: [email protected]

Website: www.in.mpms.mufg.com

Integrity Infrabuild Developers IPO – FAQs