Suntech Infra Solutions IPO: Price, Allotment, And GMP

Suntech Infra Solutions IPO- Complete Overview

Suntech Infra Solutions IPO under the SME IPO category is a bookbuild issue of Rs. 44.39 Cr by Suntech Infra Solutions Limited. It was established in April 2009. It is a business-to-business classification (“B2B”) construction company. The Company provides Civil Construction Services, including Foundation and Structural Works through direct and sub-contracting as well as equipment leases.

As with any other company in this country, the works of the firm are grouped under designated contractors who serve both public and private clients in Power, Oil & Gas, Steel, Cement, Renewable Energy, Refineries and Petrochemicals Fertilizer Process Plants as well as servicing urban and rural infrastructure works like bridges and irrigation systems.

The most recent update by the company states that it has 6 ongoing projects amounting to Rs. 18,637.19 lac, which were confirmed via letters of allocation alongside a purchase order. This was further supplemented with a construction equipment renting order book valued at 1,092.70 lac.

Similar to any other Indian origin company that has grown rapidly within its region, these products have become easy to sell in Delhi, Bihar, Gujarat, Orissa and Rajasthan due to the extensive fleet which includes modern construction equipment such as Hydraulic Rotary Piling Rigs, Diaphragm wall grabs, concrete boom placers, crawler cranes, vibro hammers among others.

Like most other expanding companies in India these days, they have served key industry players such as Bharat Mandapam, ITPO Delhi, IoCL Refinery Expansion at Barauni & Barmer, Ultratech Cement Plant at Kotputli, Rajasthan, Highrise Building foundation for UNTIY Group, etc.

 

Suntech Infra Solutions IPO Overview

The Suntech Infra Solutions IPO date is on 25 June 2025, and its initial public offering will end on 27 June 2025. 

The Rs. 44.39 crore new SME IPO comprises a combination of a fresh issue of 39.74 lac Shares (Rs. 34.18 Cr) and an offer for sale (OFS) of 11.87 lac Shares (Rs. 10.21 Cr). The Suntech Infra Solutions IPO price is Rs. 81 to Rs. 86 for each Share. 

The Suntech Infra Solutions IPO listing date (expected) is Wednesday, Jul 02, 2025, and listing at the NSE and SME.

Click to open demat account and apply for the IPO.

 

 

Company Financial

(Amount in Cr)

Period	31 Dec 2024	31 Mar 2024	31 Mar 2023
Total Assets	164.30	120.28	100.38
Total Revenue	91.25	96.25	86.19
PAT	10.28	9.25	5.76
Net Worth	48.84	38.56	26.32
Reserves & Surplus	33.45	36	23.90
Borrowings	79.93	56.38	33.38

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Dec 2024	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	63.98	(248.40)	2,941.55
Net Cash Flow Investing Activities	(1,593.15)	(1,827.38)	(2,561.24)
Net Cash Flow Financing Activities	1,931.39	2,216.12	(346.44)

 

Revenue Bifurcation

Sector-wise Revenue Bifurcation

(Amount in lac)

Category-wise Revenue Bifurcation

(Amount in lac)

Geography-wise Revenue Breakdown

(Amount in lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the company's working capital needs.

• Financing the company's capital expenditure needs for the acquisition of construction equipment for the civil construction industry.

• General corporate purposes.

 

Click to check the IPO application status.

Peers of Suntech Infra Solutions Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Crown Lifters Limited	10	5.28	38.27
ITD Cementation India Ltd.	1	15.93	48.33

 

 

Evaluation

The Suntech Infra Solutions Limited IPO price is Rs. 81 to Rs. 86 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs. 6.21 from the last year, the resulting P/E ratio is 13.84x.

Considering the weighted EPS of Rs. 4.78 for the last three years, the P/E ratio is 17.99x.

Explore the Shri Hare-Krishna IPO.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 43.30x.

Particulars	P/E Ratio (x)
Highest	48.33
Lowest	38.27
Average	43.30

In simple words, the P/E ratio of this IPO is 13.84x, compared with the industry’s average P/E of 43.30x, indicating an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

• Experienced record of meeting deadlines.

• The order book remains one of the vital indicators of anticipated performance, particularly with regard to revenue generation. 

• The scope of services offered comprises the hiring out of construction machinery and equipment.

• Well-known business promotion and management team. 

• Maximal efficiency in capital, labour, time, and other resources deployed.

 

IPO’s Weaknesses

• The business in question expends considerable working capital resources due to the ongoing and upfront costs of a given project’s site preparation, safety equipment facilities, storage, as well as scope-specific machinery. An adverse structure on cash flow or external funding options can harm operations and profitability.  

• Other than insuring equipment, vehicles, and fire/theft risks, covering these other areas may lead to partial losses

• There are several criminal complaints as well as civil suits pending that involve both the firm and its board members. 

 

Suntech Infra Solutions IPO GMP

Suntech Infra Solutions IPO GMP is Rs. 23 as of 24 Jun 2025 while writing this information. Hence, its expected listing price is Rs. 109.

IPO Timetable (Tentative)

The Suntech Infra IPO date of opening is from Jun 25 to Jun 27, 2025, allotment on Jun 30, refund initiation on Jul 01, and listing on Jul 02, 2025.

Events	Date
IPO Opening Date	Jun 25, 2025
IPO Closing Date	Jun 27, 2025
IPO Allotment Date	Jun 30, 2025
Refund Initiation	Jul 01, 2025
IPO Listing Date	Jul 02, 2025

 

Suntech Infra Solutions IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 51,61,600 Shares (Rs. 44.39 Cr) with a market maker portion of 2,59,200 Shares (Rs. 2.23 Cr).

IPO Opening & Closing Date	25 Jun, 2025 to 27 Jun, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 81 to Rs. 86 per Share.
Lot Size	1600 Shares
Issue Size	51,61,600 Shares (Rs. 44.39 Cr)
Offer for Sale	11,87,200 Shares (Rs. 10.21 Cr)
Fresh Issue	37,15,200 Shares (Rs. 31.95 Cr)
Listing at	NSE, SME
Issue Type	Book Built Issue
Registrar	Mas Services Limited

 

 

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs. 1,37,600 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs. 2,75,200.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	47.46%
Retail’s Portion	33.26%
Non-Institutional Portion	14.26%

 

Promoters And Management of Suntech Infra Solutions Ltd.

• Mr. Gaurav Gupta

• Mr. Parveen Kumar Gupta

• Mrs. Shikha Gupta.

Pre-Issue Promoter Shareholding	94.17%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• GYR Capital Advisors Private Limited.

 

 

Dividend Policy

The company has not declared a dividend in the last three financial years.

 

Conclusion

The Suntech Infra Solutions IPO presents a window of opportunity for investors to capitalise on an expanding business-to-business (B2B) civil construction and equipment rental company operating in several states across India. The Company is venturing into Public Offering for the first time with an entry valuation of P/E ratio of 13.84x, which is substantially lower compared to the industry average P/E standing at 43.30x, thus indicating its possible undervaluation.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.