Suntech Infra Solutions IPO is scheduled to open for subscription on Wednesday, June 25, 2025, and will close on Friday, June 27, 2025. The basis of allotment is expected to be finalized on Monday, June 30, 2025, while refunds and credit of shares to Demat accounts will be initiated on Tuesday, July 1, 2025. The company is proposed to be listed on the NSE SME platform with a tentative listing date of Wednesday, July 2, 2025.
Suntech Infra Solutions IPO is a book-building issue with a total size of ₹44.39 crores. The issue comprises a fresh issue of 39.74 lakh shares aggregating to ₹34.18 crores and an offer for sale (OFS) of 11.87 lakh shares worth ₹10.21 crores. The IPO comes with a price band of ₹81 to ₹86 per share, and the face value of each equity share is ₹10. The IPO has reserved 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (HNIs), and 35% for Retail Investors.
The minimum lot size for retail investors is 1,600 shares, which requires an investment of ₹1,29,600. However, to increase the chances of allotment in case of oversubscription, investors are advised to apply at the cut-off price, which will cost around ₹1,37,600. For HNI investors, the minimum application is 2 lots (3,200 shares) amounting to ₹2,75,200.
On the financial front, Suntech Infra Solutions has shown strong performance. The company reported a revenue of ₹96.25 crore in FY2024, up from ₹86.19 crore in FY2023. Its profit after tax (PAT) also rose significantly to ₹9.25 crore in FY2024, compared to ₹5.76 crore in FY2023—showing healthy growth and improving profitability. Given the positive financials and growth prospects, analysts suggest that investors may consider this IPO for long-term holding.
Overview of Contents
About Suntech Infra Solutions IPO
Suntech Infra Solutions Limited, incorporated in April 2009, is a well-known B2B construction company that offers civil construction services such as foundation work and structural projects. They work through direct contracts, sub-contracts, and also provide construction equipment on rent. The company plays an important role in building infrastructure for both government and private sector clients across industries like power, oil and gas, steel, cement, renewable energy, refineries, petrochemicals, fertilizers, and process plants. They are also involved in creating infrastructure for urban and rural areas such as bridges and irrigation systems.
As of July 31, 2024, the company has six active projects worth ₹186.37 crore, supported by Letters of Allocation and Purchase Orders. In addition, their equipment rental business has confirmed orders worth over ₹10.92 crore. They operate widely across Indian states such as Delhi, Bihar, Gujarat, Odisha, and Rajasthan. The company owns a large fleet of modern construction machinery, including Hydraulic Rotary Piling Rigs, Diaphragm Wall Grabs, Concrete Boom Placers, Crawler Cranes, and Vibro Hammers.
Suntech Infra Solutions has worked with reputed clients like Bharat Mandapam in Delhi, IOCL’s refinery expansion at Barauni and Barmer, Ultratech Cement in Kotputli (Rajasthan), and the Unity Group for high-rise building foundations. Their expertise lies in major infrastructure projects like piling, foundation work, bridges, flyovers, and industrial-commercial buildings. As of March 31, 2024, the company employed around 462 full-time staff and also hires 200 to 220 casual workers as per project requirements. Their construction machines include cranes up to 150-ton capacity, both crawler and all-terrain types, Rubber Tyre Gantry Cranes for steel handling, hydraulic piling rigs ranging from 155kN to 285kN, vibro hammers, shot crete machines, boomers, and more. With a strong track record and experienced management team, the company continues to grow and deliver quality infrastructure work across India.
Suntech Infra Solutions IPO Overview
| Details | Information |
|---|---|
| IPO Type | Book Building Issue |
| Face Value per Share | ₹10 |
| Price Band | ₹81 to ₹86 per equity share |
| Lot Size | 1,600 Shares |
| Minimum Investment (Retail) | ₹1,29,600 – ₹1,37,600 (at cut-off) |
| Issue Structure | Fresh Issue + Offer for Sale |
| Total Issue Size | 51,61,600 shares (Approx ₹44.39 Crores) |
| Fresh Issue (Excl. Market Maker) | 37,15,200 shares (Approx ₹31.95 Crores) |
| Offer for Sale (Excl. Market Maker) | 11,87,200 shares (Approx ₹10.21 Crores) |
| Market Maker Portion | 2,59,200 shares (Approx ₹2.23 Crores) |
| Net Public Offer | 49,02,400 shares (Approx ₹42.16 Crores) |
| Market Maker | Giriraj Stock Broking Pvt. Ltd. |
| Retail Investor Quota | Not more than 35% |
| Non-Institutional Investor Quota | Not more than 15% |
| Qualified Institutional Buyer Quota | Not more than 50% |
| Stock Exchange Listing | NSE SME Platform |
| Pre-Issue Shareholding | 1,53,88,200 shares |
| Post-Issue Shareholding | 1,93,62,600 shares |
Suntech Infra Solutions IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Suntech Infra Solutions IPO Dates
| Event | Date & Day |
|---|---|
| IPO Open Date | June 25, 2025 (Wednesday) |
| IPO Close Date | June 27, 2025 (Friday) |
| Basis of Allotment | June 30, 2025 (Monday) |
| Initiation of Refunds | July 1, 2025 (Tuesday) |
| Credit to Demat Accounts | July 1, 2025 (Tuesday) |
| IPO Listing Date | July 2, 2025 (Wednesday) |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Crown Lifters Limited | 5.28 | 40.31 | 15.27% | 32.15 | – Cr. |
| ITD Cementation India Limited | 15.93 | 20.97 | 18.33% | 86.95 | – Cr. |
Object of the issue
- To meet the company’s working capital needs, ensuring smoother operations and supporting ongoing projects.
- To finance capital expenditure, specifically for the acquisition of advanced construction equipment that will enhance the company’s civil construction capabilities.
- To address general corporate purposes, which may include brand building, administrative expenses, and strategic initiatives supporting overall growth.
Suntech Infra Solutions IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹1,37,600 |
| Retail Maximum | 1 | 1600 | ₹1,37,600 |
| S-HNI Minimum | 2 | 3,200 | ₹2,75,200 |
Suntech Infra Solutions IPO GMP
The grey market premium (GMP) of Suntech Infra Solutions IPO shows how much demand is there for the shares before listing. GMP gives an idea of how the IPO might perform on the listing day. Please note that GMP keeps changing daily based on market mood and demand. Investors should not fully depend on GMP and should check company fundamentals before investing.
- To Be Updated Soon
Suntech Infra Solutions IPO Financial Performance
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | ₹164.30 | ₹120.28 | ₹100.38 | ₹77.93 |
| Revenue from Operations | ₹91.25 | ₹96.25 | ₹86.19 | ₹72.32 |
| Profit After Tax (PAT) | ₹10.28 | ₹9.25 | ₹5.76 | ₹3.02 |
| EBITDA | ₹29.57 | ₹27.22 | ₹19.99 | ₹13.47 |
| Net Worth | ₹48.84 | ₹38.56 | ₹26.32 | ₹20.56 |
| Reserves & Surplus | ₹33.45 | ₹36.00 | ₹23.90 | ₹18.15 |
| Total Borrowings | ₹79.93 | ₹56.38 | ₹33.38 | ₹34.25 |
Suntech Infra Solutions IPO Valuation – FY2024
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 28.50% |
| Return on Capital Employed (ROCE) | 17.23% |
| Operating Profit Margin (EBITDA%) | 28.24% |
| Net Profit Margin (PAT%) | 9.67% |
| Debt-to-Equity Ratio | 1.46 |
| Earnings Per Share (EPS - Basic) | ₹6.21 |
| Price to Earnings Ratio (P/E) | Not Available |
| Return on Net Worth (RoNW) | 23.97% |
| Book Value per Share (NAV) | ₹25.06 |
Suntech Infra Solutions IPO Review
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Suntech Infra Solutions IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: [email protected]
Website: https://www.masserv.com/opt.asp
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Suntech Infra Solutions Limited
Unit No. 604-605-606, 6th Floor,
NDM-2, Plot No. D-1,2,3, Netaji Subhash Place,
Pitampura, Anandvas Shakurpura
North West Delhi, New Delhi, 110034
Phone: +91 8360228604
Email: [email protected]
Website: https://suntechinfra.com/
Suntech Infra Solutions IPO FAQs
What are the IPO open and close dates for Suntech Infra Solutions?
The IPO will open on June 25, 2025 (Wednesday) and will close on June 27, 2025 (Friday).
What is the price band for the Suntech Infra Solutions IPO?
The price band is set between ₹81 to ₹86 per equity share.
What is the lot size and minimum investment for retail investors?
The minimum lot size is 1,600 shares, requiring a minimum investment of around ₹1,29,600 (at lower band) and ₹1,37,600 (at cut-off price).
How much is the total issue size?
The total issue size is 51.61 lakh shares, aggregating up to approximately ₹44.39 crores.
What is the composition of the issue?
The IPO comprises a Fresh Issue of ₹31.95 crores and an Offer for Sale (OFS) of ₹10.21 crores.
When is the allotment expected to be finalized?
The basis of allotment is expected to be finalized on June 30, 2025 (Monday).
When will the shares be credited to Demat accounts?
The shares are expected to be credited on July 1, 2025 (Tuesday).
What is the expected listing date of the IPO?
Suntech Infra Solutions is expected to list on the NSE SME platform on July 2, 2025 (Wednesday).
What is the face value of the equity shares?
Each equity share has a face value of ₹10.