Suntech Infra Solutions Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 25, 2025 to June 27, 2025 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 81 to ₹ 86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 51,61,600 shares (aggregating up to ₹ 44.39 Cr) |
| Reserved for Market Maker | 2,59,200 shares (aggregating up to ₹ 2.23 Cr) |
| Fresh Issue (Ex Market Maker) | 37,15,200 shares(aggregating up to ₹ 31.95 Cr) |
| Offer for Sale(Ex Market Maker) | 11,87,200 shares of ₹10 (aggregating up to ₹ 10.21 Cr) |
| Net Offered to Public | 49,02,400 shares (aggregating up to ₹ 42.16 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,53,88,200 shares |
| Share Holding Post Issue | 1,93,62,600 shares |
About Suntech Infra Solutions Limited IPO
The Initial Public Offering (IPO) of Suntech Infra Solutions Limited was announced on June 25, 2025 and the issue will be open till June 27, 2025. Through the sale of 11.87 lakh shares valued at 10.21 crore by current owners and the new issuance of 39.74 lakh shares valued at 34.18 crore, the IPO raised 44.39 crore. There is a minimum lot size of 1,600 shares and the prices of the shares fall between 81 and 86 per share. On July 2, 2025, the shares will go live on the NSE SME platform. Mas Services Limited is the registrant, Giriraj Stock Broking is the market maker and GYR Capital Advisors is the IPO manager.
Company Background
Suntech Infra Solutions Limited was incorporated in 2009 as a construction equipment renting company that trades in cranes, dozers and transit mixers. It later diversified into turnkey piling works and civil construction work and is now a major player in foundation work and equipment rental in India. The company works under the philosophy of professionalism, quality, timely delivery and safety within both the public and the private sectors in the power, oil and gas, steel, cement, refineries and infrastructure industries.
Operations & Product Range
Facility & Production
Suntech Infra Solutions has a huge fleet of state-of-the-art construction equipment such as piling rigs, diaphragm wall grabs, boom placers and cranes. It carries out complicated civil foundation works, superstructures along with industrial and commercial buildings. The company is working on six other projects with a value of more than 186 crores and an equipment rental order book of 10.92 crores. It has operations in several Indian states including Delhi, Bihar, Gujarat and Rajasthan and is venturing into irrigation and port infrastructure.
Brands & Market Presence
Suntech Infra Solutions has established strong relationships with some of the renowned clients such as Bharat Mandapam, Indian Oil Corporation Limited (IOCL), Ultratech and the Unity Group. The company has a reputation for completing its projects on time and following the safety guidelines, which has given it a good market standing in the Indian civil construction and equipment rental business.
Revenue Channels
The main sources of revenue of the company include:
- Civil construction works such as foundation and structural works.
- Rental of construction equipment with sophisticated machines.
- Turnkey piling contracts and bridge construction contracts.
It has a diversified revenue base that is based on contracts in the power, oil & gas, steel, cement, refineries and infrastructure sectors.
Management & Shareholding
Promoters & Shareholding
Gaurav Gupta, Parveen Kumar Gupta and Shikha Gupta are promoters with a pre-issue stake of 94.17 percent, which drops to 68.71 percent after the issue. The IPO will have an offer of sale by existing shareholders and this implies some reduction in stake by promoters or early investors.
Board Members
The board of directors of Suntech Infra consists of Chairman Gaurav Gupta, Whole Time Director Parveen Kumar Gupta, Non-Executive Director Shikha Gupta, independent directors Yogesh Singhal and Varun Chugh. The company is headed by well-experienced promoters and backed by an efficient management team that takes care of efficiency in operations and implementation of projects.
Suntech Infra Solutions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 24,49,600 (47.46%) |
| Retail Shares Offered | 17,16,800 (33.26%) |
| QIB (Ex. Anchor) | 9,80,800 (19.00%) |
| Market Maker Shares Offered | 2,59,200 (5.02%) |
| NII (HNI) Shares Offered | 7,36,000 (14.26%) |
| Anchor Investor Shares Offered | 14,68,800 (28.46%) |
| Total Shares Offered | 51,61,600 (100.00%) |
IPO Objectives
-
The proceeds from the IPO will be utilized for:
- ● Funding working capital requirements of ₹12.21 crore.
- ● Purchase of construction equipment for a civil construction business amounting to ₹12.51 crore.
- ● General corporate purposes, not exceeding 25% of the proceeds.
Conclusion
The IPO of Suntech Infra Solutions Limited is a chance to invest in a B2B civil construction and equipment renting company that is growing, has a good market presence, a stable financial growth and a good order book. The emphasis on timely delivery, quality and safety and the diversified nature of its operations in major infrastructure sectors means that the company is well placed to grow in the future. The working capital and capital expenditure will be used to expand its operations with the proceeds of the IPO.
Suntech Infra Solutions Limited IPO Financial Information
Latest Revenue
91.25
₹ Crore
Profit After Tax
10.28
₹ Crore
Net Worth
48.84
₹ Crore
Total Borrowing
79.93
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31-Dec-24 | 164.3 | 91.25 | 10.28 | 48.84 | 79.93 | ||||
| 31-Mar-24 | 120.28 | 96.25 | 9.25 | 38.56 | 56.38 | ||||
| 31-Mar-23 | 100.38 | 86.19 | 5.76 | 26.32 | 33.38 | ||||
| 31-Mar-22 | 77.93 | 72.32 | 3.02 | 20.56 | 34.25 | ||||
| Amount in ₹ Crore | |||||||||
Suntech Infra Solutions Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.50% |
| ROCE | 17.23% |
| Debt/Equity | 1.46 |
| RoNW | 23.97 |
| PAT Margin | 9.67% |
| EBITDA Margin | 28.28% |
| Price to Book Value | 3.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.01 | 4.77 |
| P/E (x) | 14.31 | 18.01 |
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Competitive Strengths
History of successful & timely project execution with qualified teams and effective planning.
Revenue visibility with a strong order book of about 88 crore as of December 31, 2024.
The possession of a wide range of contemporary construction machinery enables the cost-efficient delivery and renting of projects.
Established client relations with well-known industry players, which allows repeat business.
FY24's strong financials include 96.25 crore in sales, 9.25 crore in PAT, an EBITDA margin of 28.28 and a ROE of 28.50.
Download regulatory filings
Suntech Infra Solutions Limited IPO Timeline
| IPO Open Date | Wed, Jun 25, 2025 |
| IPO Close Date | Fri, Jun 27, 2025 |
| Tentative Allotment | Mon, Jun 30, 2025 |
| Initiation of Refunds | Tue, Jul 1, 2025 |
| Credit of Shares to Demat | Tue, Jul 1, 2025 |
| Tentative Listing Date | Wed, Jul 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2025 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,37,600 |
| Retail (Max) | 1 | 1600 | ₹1,37,600 |
| HNI (Min) | 2 | 3200 | ₹2,75,200 |