Integrity Infrabuild Developers IPO Allotment: How to Check Status Online and Latest GMP Insights

Integrity Infrabuild Developers Limited, a Gujarat-based civil construction company, recently concluded its Initial Public Offering (IPO), aiming to raise ₹12 crore through the issuance of 12 lakh equity shares at a fixed price of ₹100 each. The IPO, which opened on May 13 and closed on May 15, 2025, witnessed a subscription of 2.11 times, indicating moderate investor interest.

IPO Allotment Status: How to Check

The allotment process for the Integrity Infrabuild Developers IPO is expected to be finalized on May 16, 2025. Investors can check their allotment status through the following methods

1. Registrar's Website (Link Intime India Private Ltd)

• Step 1: Visit the Link Intime IPO allotment page.

• Step 2: Select "Integrity Infrabuild Developers IPO" from the dropdown menu.

• Step 3: Choose one of the following identification methods:

  • PAN

  • Application Number

  • DP/Client ID

• Step 4: Enter the required details and the captcha code.

• Step 5: Click on "Search" to view your allotment status.

2. NSE Website

• Step 1: Navigate to the NSE IPO allotment status page.

• Step 2: Select "Equity" as the issue type.

• Step 3: Choose "Integrity Infrabuild Developers IPO" from the list.

• Step 4: Enter your application number and PAN.

• Step 5: Submit the details to check your allotment status.

Investors will receive SMS and email notifications regarding their allotment status. For those who did not receive an allotment, refunds will be processed, and the funds will be unblocked in their bank accounts by May 19, 2025.

Grey Market Premium (GMP) Update

As of May 16, 2025, the Grey Market Premium (GMP) for Integrity Infrabuild Developers IPO stands at ₹0. This indicates that the shares are trading at par with the issue price in the grey market, suggesting a flat listing is anticipated. Investors should note that GMP is an unofficial indicator and should not be solely relied upon for investment decisions.

 Key IPO Dates

The shares are scheduled to be listed on the NSE SME platform on May 20, 2025.

Company Overview

Established in 2017, Integrity Infrabuild Developers Limited is a Class-A registered civil contractor with the Government of Gujarat. The company specializes in executing construction projects such as roads, buildings, and bridges, primarily for government clients. As of March 31, 2025, the company has an active order book worth ₹163.07 crore, with ₹42.91 crore worth of projects already executed.

IPO Details

• Issue Size: ₹12 crore

• Issue Price: ₹100 per share

• Lot Size: 1,200 shares

• Minimum Investment: ₹1,20,000

• Lead Manager: Aryaman Financial Services Limited

• Registrar: Link Intime India Private Ltd

• Market Maker: Aryaman Capital Markets Limited

The proceeds from the IPO will be utilized for purchasing machinery and equipment, meeting working capital requirements, and general corporate purposes.

Subscription Details

The IPO received a total subscription of 2.11 times, with the retail investor segment subscribing 2.26 times and the non-institutional investor (NII) segment subscribing 2.09 times. This moderate response reflects cautious investor sentiment, possibly influenced by the flat GMP and market conditions.

Integrity Infrabuild Developers' IPO has garnered moderate interest from investors, with a flat GMP suggesting a neutral market outlook. Investors are advised to check their allotment status through the official channels and stay informed about the listing performance on May 20, 2025. As always, investment decisions should be made based on thorough research and individual risk appetite.(Business Standard)