Integrity Infrastuate Developers IPO Listing: Integrity Infrastuate Developers IPO shares made a flat debut on Baras on Tuesday, May 19, because they Listed But 100.80 on NSE SME, only 0.8 percent premium for the price of issue 100.
SME IPOValuable at 12 crores, open for membership from 13 May to 15 May. Public proposal was priced 100 per share.
The IPO concluded on a note made, received a bid up to 2.17 times the shares on the proposal during the three -day bid period. A total of 24.61 lakh shares were bid compared to 11.32 lakh shares available. Retail investor was part Subscribe 2.26 times, while the non-institutional investor (NII) category saw 2.09 times membership.
About IPO
The integrity Infrabuild IPO was a completely latest issue that included 12 lakh shares, which had no proposal-selling-bound component. The minimum application size was set on 1,200 shares, requiring minimum investment 1.20 lakhs from retail investors.
Integrity infrastuate developers intended to procure machinery and equipment, meet the needs of working capital and deploy income from public issues for general corporate purposes.
Aryan Financial Services Ltd. worked as a book-hanging lead manager for IPO, while Link Intime India Private Limited served as Registrar. Aryan capital market Limited was appointed as market maker for this issue.
About company
Established in 2017, Integrity Infrastuate Developers Limited operates as a Class-A civil contractor registered with the Government of Gujarat. The company mainly focuses on executing construction projects for various government departments across the state and also asserts subcontinent assignments to expand its footprint in the infrastructure scenario in Gujarat.
By March 31, 2025, Integrity Infraibuild had the value of the total project portfolio. 20,598 lakhs. Of this, projects Worthy 4,291 lakhs were completed, while the remaining 16,307 lakh remained part of its active order book.
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