New Delhi, May 20 (H.S.): Integrity Infrabuild Developers Limited has disappointed its IPO investors with a lackluster entry on the NSE SME platform. Shares were issued at ₹100, but the company debuted with only a 0.80 percent premium at ₹100.80. By 10:30 AM, shares were trading at ₹101.80, yielding a mere 1.80 percent profit for IPO investors. The IPO, worth ₹12 crores, ran from May 12 to 15 and was subscribed 2.17 times overall, with retail investors subscribing 2.26 times.

The IPO issued 1.2 million shares with a face value of ₹10 each, and funds raised will be utilized for equipment purchase, working capital, and general corporate needs. Financially, the company has shown consistent strength despite minor fluctuations. It reported a net profit of ₹30 lakhs in 2021-22, which slightly declined to ₹29 lakhs in 2022-23, but rebounded to ₹95 lakhs in 2023-24. Revenue rose from ₹33.48 crores in 2021-22 to ₹64.63 crores in 2023-24. For the financial year 2024-25, a net profit of ₹1.94 crores and revenue of ₹98.97 crores have already been recorded from April to December 2024.

Hindusthan Samachar / Jun Sarkar