Integrity Infrabuild Developers IPO Review

Integrity Infrabuild Developer Ltd. has quickly risen to become one of the elite construction and engineering companies in India. They proudly execute projects of national significance, integrating ourselves into the Indian construction sector. Their work spans across Gujarat, where they are involved in infrastructure development projects such as state highways, bridges, and government buildings.

The company is led by Promoters, KEYURKUMAR SHETH has experience of over a decade in Construction Industry, RAJENDRAKUMAR SHETH has an experience of over 3 decades in multiple activities including Construction Industry and DISHA KEYURKUMAR SHETH has over 5 years of experience in the Construction Industry.

The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 6,896.80 Lakh, ₹ 6,463.39 Lakh, ₹ 4,523.33 Lakh and ₹ 3.348.19 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 571.64 Lakh, ₹ 371.36 Lakh, ₹ 273.87 Lakh, and ₹ 174.34 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 194.30 Lakh, ₹ 94.85 Lakh, ₹ 29.44 Lakh, and ₹ 29.96 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 3.06 and post-issue EPS of ₹ 2.21 for FY24. The pre-issue P/E ratio is 32.68x, while the post-issue P/E ratio is 45.33x against the Industry P/E ratio is 37x. The company's ROCE for FY24 is 13.14%, ROE for FY24 is 30.60% and RoNW is 30.60%. The Annualised EPS based on the latest financial data is ₹ 8.36 and PE ratio is 11.96x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Integrity Infrabuild Developers showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Integrity Infrabuild Developers Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com

About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.