Suntech Infra Solutions IPO Subscribed 223 Times; Listing on NSE SME on July 2

Suntech Infra Solutions IPO Subscribed 223 Times Across Categories; Listing Scheduled on NSE SME Platform on July 2, 2025

Incorporated in April 2009, Suntech Infra Solutions Limited is a business-to-business (B2B) construction company engaged in providing civil construction services such as foundation and structural works. The company operates through direct contracting, sub-contracting, and equipment rental services, catering to both public and private sector clients.

Suntech Infra Solutions offers construction solutions across sectors like power, oil & gas, steel, cement, renewable energy, refineries, petrochemical, fertilisers, and process plants. It also participates in urban and rural infrastructure development projects, including bridges and irrigation systems.

As of May 31, 2025, the company reported a civil construction order book worth approximately Rs 15,496 lakhs and an equipment rental order book of around Rs 476.55 lakhs. For the period ended December 31, 2024, the company posted revenue from operations of Rs 8,972.48 lakhs, with EBITDA of Rs 2,957.12 lakhs and Profit After Tax (PAT) of Rs 1,027.73 lakhs. Return on Equity (RoE) stood at 23.52 per cent, and Return on Capital Employed (RoCE) was 14.14 per cent.

The IPO received an overwhelming response with an overall subscription of 223 times. The anchor portion was fully subscribed with 14,68,800 shares allocated for Rs 12.63 crores. The Market Maker segment also achieved full subscription with 2,59,200 shares for Rs 2.23 crores.

Among investor categories, Qualified Institutional Buyers (QIBs) subscribed 122.82 times, bidding for 12,04,59,200 shares against 9,80,800 on offer, worth Rs 1,035.95 crores through 74 applicants. The Non-Institutional Investors (NIB) segment saw the highest interest, oversubscribed 529.51 times, receiving bids for 38,97,21,600 shares against 7,36,000 shares, aggregating Rs 3,351.61 crores from 11,115 applicants. Retail investors also actively participated, subscribing 150.10 times with 1,61,061 applications for 25,76,97,600 shares worth Rs 2,216.20 crores.

In total, 34,33,600 shares were offered, with bids received for 76,78,78,400 shares from 1,72,250 applicants, translating into a total bid amount of Rs 6,603.75 crores.

GYR Capital Advisors Private Limited acted as the book-running lead manager for the IPO, while Mas Services Limited served as the registrar. The IPO proceeds will be used to fund the company’s working capital needs, capital expenditure for construction equipment, and general corporate purposes.

Suntech Infra Solutions Limited is set to be listed on the NSE SME platform on Wednesday, July 2, 2025.

Disclaimer: The article is for informational purposes only and not investment advice.