Suntech Infra Solutions is engaged into the business of Civil Construction Services such as Civil Foundation Works, Civil Structural Works; on direct contracting and sub-contracting basis and Renting of Construction Equipment. They have served both public and private sector clients, delivering solutions across industries such as Power, Oil & Gas, Steel, Cement, Renewable Energy, Refineries, Petrochemical Plants, Fertilizer Plants, and Process Plants.
Suntech Infra Solutions, an Book Built Issue amounting to ₹ 54.58 Crores, consisting an Fresh Issue of 51.61 Lakh Shares worth ₹ 44.38 Crores and an Offer for Sale of 11.87 Lakh Shares totaling to ₹ 10.20 Crores. The subscription period for the Suntech Infra Solutions IPO opens on June 25, 2025, and closes on June 27, 2025. The allotment is expected to be finalized on or about Monday, June 30, 2025, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Wednesday, July 02, 2025.
The Share Price Band of Suntech Infra Solutions IPO is set at ₹ 81 to ₹ 86 per equity share. The Market Capitalisation of the Suntech Infra Solutions Limited at IPO price of ₹ 86 per equity share will be ₹ 176.72 Crores. The lot size of the IPO is 1,600 shares. Retail investors are required to invest a minimum of ₹ 1,37,600, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹ 2,75,200.
GYR Capital Advisors Private Limited is the book running lead manager of the Suntech Infra Solutions IPO, while MAS Services Limitedis the registrar for the issue. Giriraj Stock Broking Private Limited is the Market Maker for Suntech Infra Solutions IPO.
Suntech Infra Solutions LimitedIPO GMP Today
The Grey Market Premium of Suntech Infra Solutions Limited IPO is expected to be ₹ 17 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Suntech Infra Solutions LimitedIPO Live Subscription Status Today: Real-Time Update
Suntech Infra Solutions will be open for its subscription on 25 June, 2025.
Suntech Infra Solutions LimitedDay Wise IPO GMP Trend
Date
IPO Price
Expected Listing Price
GMP
Last Updated
20 June 2025
₹ 86
₹ 103
₹ 17 (17.96%)
05:00 PM; 20 June 2025
Suntech Infra Solutions Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online Suntech Infra Solutions IPO allotment date is 30 June, 2025, Monday. Suntech Infra Solutions IPO Allotment will be out on 30th June, 2025 and will be live on Registrar Website from the allotment date. Check Suntech Infra Solutions IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Suntech Infra Solutions Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Suntech Infra Solutions LimitedIPO
Suntech Infra Solutions proposes to utilise the Net Proceeds towards the following objects: 1. ₹ 1,221.00 Lakh is required for funding working capital requirements of the company; 2. ₹ 1,251.00 Lakh is required for funding of capital expenditure requirements of the company towards purchase of Construction Equipments for civil construction business; 3. General corporate purposes
51,61,600 Equity Shares (aggregating to ₹ 54.58 Cr)
Fresh Issue
51,61,600 Equity Shares (aggregating to ₹ 44.38 Cr)
Offer for Sale
11,87,200 Equity Shares (aggregating to ₹ 10.20 Cr)
Issue Type
Book Built Issue
Listing At
NSE SME
Share holding pre issue
1,53,88,200
Share holding post issue
2,05,49,800
Suntech Infra Solutions IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
1,600
₹1,37,600
Retail (Max)
1
1,600
₹1,37,600
S-HNI (Min)
2
3,200
₹2,75,200
S-HNI (Max)
7
11,200
₹9,63,200
B-HNI (Min)
8
12,800
₹11,00,800
Suntech Infra Solutions IPO Timeline (Tentative Schedule)
IPO Open Date
Wednesday, June 25, 2025
IPO Close Date
Friday, June 27, 2025
Basis of Allotment
Monday, On or Before June 30, 2025
Initiation of Refunds
Tuesday, On or Before July 01, 2025
Credit of Shares to Demat
Tuesday, On or Before July 01, 2025
Listing Date
Wednesday, On or Before July 02, 2025
Cut-off time for UPI mandate confirmation
5 PM on June 27, 2025
Suntech Infra Solutions IPO Reservation
Investor Category
Shares Offered
Reservation %
QIB Portion
9,80,800
Not More than 50% of the Issue
Non-Institutional Investor Portion
7,36,000
Not Less than 15% of the Issue
Retail Shares Offered
17,16,800
Not Less than 35% of the Issue
Anchor Investor Portion
14,68,800
Allotted from QIB Portion
Market Maker Portion
2,59,200
5.02% of the Net Issue
Suntech Infra Solutions IPO Promoter Holding
Share Holding Pre Issue
94.17 %
Share Holding Post Issue
64.74 %
Suntech Infra Solutions IPO Subscription Status
Investor Category
Shares Offered
Shares Bid For
No oF Times Subscribed
Qualified Institutional Buyers (QIB)
9,80,800
-
0.00
Non Institutional Investors(NIIS)
9,95,200
-
0.00
Retail Individual Investors (RIIs)
17,16,800
-
0.00
Total
36,92,800
-
0.00
About Suntech Infra Solutions Limited
BUSINESS OVERVIEW
Suntech Infra Solutions is a B2B construction company engaged in civil construction services, including civil foundation works, civil structural works (on both direct and sub-contracting basis), and construction equipment rentals. The company serves clients across public and private sectors, operating in industries such as Power, Oil & Gas, Steel, Cement, Renewable Energy, Refineries, Petrochemical Plants, Fertilizer Plants, and Process Plants, as well as in urban and rural infrastructure projects like bridges, metros, and irrigation systems.
As of May 31, 2025, the company is executing 8 ongoing projects worth ₹31,710.56 lakhs and holds an equipment rental order book of ₹476.55 lakhs. Project acquisition is primarily through one-to-one negotiations and tender-based contracts.
Key areas of expertise include piling and foundation work, superstructures, earthworks, bridges and flyovers, industrial and commercial structures, with new ventures into irrigation and port construction. Major geographic operations span across Delhi, Bihar, Gujarat, Orissa, and Rajasthan, with a significant portion of revenue derived from civil foundation work.
Notable projects include contributions to Bharat Mandapam (ITPO, Delhi), IOCL Refinery Expansions at Barauni & Barmer, Ultratech Cement Plant at Kotputli, and high-rise foundation works for Unity Group.
The company maintains a robust fleet of advanced construction equipment, such as Hydraulic Rotary Piling Rigs, Diaphragm Wall Grabs, Boom Placers, Crawler Cranes, Vibro and Impact Hammers, Shotcrete Equipment, Boomers, and Batching Plants. Cranes of up to 150T capacity, including All-Terrain and Crawler Cranes, as well as Rubber Tyre Gantry Cranes, form part of its operational assets.
With a professional, safety-focused, and quality-driven approach, Suntech Infra Solutions is positioned as a reliable and integrated service provider offering customized infrastructure solutions. As of December 31, 2024, the comapny's work force consisted of approximately 576 full-time employees. The Bankers to the Company are Kotak Mahindra Bank Limited, HDFC Bank Limited, YES Bank Limited, ICICI Bank Limited.
INDUSTRY ANALYSIS
Indian Construction Industry Overview
The Indian construction industry is projected to reach US$1.4 trillion by 2025, playing a vital role in driving economic growth and urbanization. By 2030, cities are expected to contribute 70% of India’s GDP, with around 600 million people living in urban centers, creating a demand for over 25 million affordable and mid-income housing units.
India’s construction sector spans across 250 sub-sectors, interlinked with industries such as real estate, infrastructure, logistics, and urban development. Major government initiatives like the National Infrastructure Pipeline (NIP)—with a planned investment of US$1.4 trillion—are catalyzing this growth, with allocations such as 24% for renewable energy, 18% for roads, 17% for urban infrastructure, and 12% for railways.
Programs like Smart Cities Mission, PMAY-U, and Swachh Bharat Mission (SBM-U) are transforming urban landscapes. Under PMAY-U, 54 modern construction technologies have been adopted to modernize building practices. Additionally, the development of 35 Multimodal Logistics Parks (MMLPs) worth US$6.1 billion aims to handle 50% of freight movement, supporting seamless connectivity.
Since 2014, over ₹18 lakh crore has been invested in urban transformation. The Sagarmala Programme envisions over 610 projects worth USD 10.5 billion from 2015 to 2035, focusing on port modernization, connectivity, and coastal community development.
The Bharatmala Pariyojana is enhancing freight and passenger movement by developing Economic Corridors, National Corridors, and Greenfield expressways. Under PM Gati Shakti, an integrated multi-modal transport network is underway, aiming to expand the National Highway network by 25,000 km, with an outlay of ₹20,000 crore in FY 2022–23.
The aviation sector is also seeing significant expansion, with 21 new greenfield airports approved and additional airport upgrades planned at a cost of USD 338 million by the Airports Authority of India (AAI). By 2025, PPP airports in Delhi, Bengaluru, and Hyderabad will see investments of ₹30,000 crore in expansion plans.
Key Infrastructure Investment Highlights
National Infrastructure Pipeline (2019–2025) aims to provide world-class infrastructure and enhance the quality of life across India.
FDI inflows: US$26.61 billion in construction development and US$33.91 billion in infrastructure construction (Apr 2000 – Mar 2024).
PM Awas Yojna received a 66% budget hike to ₹79,000 crore, with CLSS extended till 2027 to support affordable housing.
In 2023, L&T secured orders for a 112.5MW solar plant in West Bengal and a 600-bed hospital in Mumbai.
BHEL and Titagarh Wagons are among bidders for the ₹58,000 crore Vande Bharat train contract.
In 2022, multiple highway projects were inaugurated in Maharashtra, Madhya Pradesh, and Telangana, amounting to thousands of crores in investment and hundreds of kilometers of new roads.
India's construction sector continues to be a cornerstone of national development, with multi-sectoral growth, rising urban demand, and record public investment shaping a robust outlook.
BUSINESS STRENGTHS
1. Established Track Record in Timely Execution
Proven capabilities in executing long-duration civil contracts such as the ATC Tower, Versace Tower, and Pachpadara Refinery. Average completion period is 6–7 months for Turnkey Pile Foundation contracts and 12–17 months for bridges and industrial buildings.
2. Robust and Diversified Order Book
As of December 31, 2024, the civil construction segment holds 8 active projects worth ₹8,322.57 lakhs, while the construction equipment rental segment has an order book of ₹476.55 lakhs. Focus is on high-margin and prestigious projects to optimize profitability and industry presence.
3. Owned Fleet of Construction Equipment
A well-maintained portfolio of machinery enables timely, cost-efficient, and project-specific service delivery. Target clients include infrastructure firms, contractors, and developers, with an emphasis on cost-effectiveness, technology, and sustainability.
4. Experienced Promoter and Professional Management
Led by a promoter with over 15 years of industry experience, supported by a team of young and seasoned professionals. Strategic vision and operational expertise drive growth and high levels of client satisfaction.
5. Strong Customer Relationships Across Industries
Long-standing ties with clients in Power, Oil & Gas, Steel, Cement, and Renewable Energy. Consistent service quality, safety standards, and operational excellence contribute to client retention and reputation.
6. Efficient Resource Utilization
Focused on continuous improvement in project execution, employee skill development, and equipment modernization. Regular analysis of procurement and workflow enhances efficiency and eliminates bottlenecks.
7. Flexible Pricing and Payment Structures
Service pricing is tailored based on project type, scope, complexity, and equipment needs. Typically structured through direct negotiations, with up to 10% advance payment against ABG, and balance on a credit basis.
BUSINESS STRATEGIES
1. Enhancing Project Execution Capabilities
Focus remains on improving project execution through investments in modern equipment, project management systems, and continuous workforce training. Emphasis is placed on micro resource mobilization plans, quantity liquidation plans, and strict safety protocols to ensure timely and safe delivery.
2. Expanding Scope and Project Size
Strategy involves increasing the scope of work per order and targeting large-scale, technically complex projects in infrastructure and civil construction. Strengthening of internal systems, project teams, and equipment base supports this initiative.
3. Sectoral Diversification
Diversified project experience across sectors enhances technical capabilities and service offerings, while reducing reliance on any single industry, thereby de-risking the business model.
4. Commitment to Timely Execution and Quality Standards
Operations are aligned with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards. Strategies include quality control checks, labour histograms, weekly audits, and equipment maintenance protocols to uphold quality and ensure on-time delivery.
5. Maximizing Operating Margins through Resource Optimization
Projects are executed using in-house resources and equipment, leading to cost savings of 6–7% and productivity gains of 7–8%. Techniques such as Bar Bending Schedules (BBS) and RMC pouring plans help minimize material wastage and enhance profitability.
6. Strengthening Client Relationships
Long-term associations with clients in Power, Oil & Gas, Steel, Cement, and Renewable Energy sectors provide revenue stability, industry goodwill, and a deep understanding of project requirements. Consistent service quality and operational excellence support continued client retention and acquisition.
BUSINESS RISK FACTORS & CONCERNS
1. High Dependency on Civil Foundation Work
A major share of revenue is derived from the civil foundation segment across recent fiscal periods. Any decline in demand, pricing pressure, or market shift in this segment could significantly affect the company’s financial performance.
2. Geographical Diversification Challenges
Projects are executed across multiple states including Delhi, Bihar, Haryana, and Rajasthan. Operating in diverse regions exposes the company to risks such as language barriers, local socio-political complexities, logistical challenges, and reputational constraints, potentially affecting execution and profitability.
3. Reliance on Competitive Bidding and Pre-Qualification
Civil construction contracts are awarded based on technical and financial pre-qualification and competitive pricing. Failure to meet criteria, increased competition, or premature contract terminations may hinder business growth. Additionally, bid preparation involves non-recoverable costs, with no assurance of project acquisition even after pre-qualification.
Suntech Infra Solutions faces business risks primarily due to high dependence on civil foundation work, geographical project dispersion, and uncertainty in competitive bidding processes. These factors may impact revenue stability, operational efficiency, and project acquisition.
Suntech Infra Solutions Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakh)
Period Ended
Dec 31, 2024
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Reserve of Surplus
3,345.28
3,599.90
2,390.32
1,814.72
Total Assets
16,429.64
12,027.61
10,037.90
7,792.72
Total Borrowings
7,993.29
5,638.33
3,337.72
3,425.15
Fixed Assets
6,827.01
6,230.39
5,630.57
3,989.02
Cash
1,378.69
1,123.94
676.67
371.65
Net Borrowing
6,614.60
4,514.39
2,661.05
3,053.50
Revenue
9,124.77
9,625.45
8,619.37
7,231.76
EBITDA
2,996.07
2,747.31
2,058.94
1,358.95
PAT
1,027.73
924.52
575.60
302.45
EPS
6.68
6.21
3.97
2.09
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP. Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP. Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP. Note 4:- Price to Book Value calculation in KPI is based on 31st Mar, 2024 Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
KPI
Values
EPS Pre IPO (Rs.)
₹ 6.21
EPS Post IPO (Rs.)
₹ 4.50
P/E Pre IPO
13.85
P/E Post IPO
19.12
ROE
28.50 %
ROCE
17.28 %
P/BV
3.43
Debt/Equity
1.46
RoNW
23.97 %
Suntech Infra Solutions Limited IPO Peer Comparison
Company Name
EPS
ROCE
ROE
P/E (x)
P/Bv
Debt/Equity
RoNW (%)
Suntech Infra Solutions Limited
₹ 4.50
17.28 %
28.50 %
19.12
3.43
1.46
23.97%
Crown Lifters Limited
₹ 16.9
18.9 %
20.1 %
21.4
3.38
0.76
20.1 %
ITD Cementation India Limited
₹ 21.7
28.2 %
22.4 %
36.8
7.49
0.52
22.4 %
Suntech Infra Solutions Limited Contact Details
SUNTECH INFRA SOLUTIONS LIMITED
Unit No. 604-605-606, 6th Floor, NDM-2, Plot No. D1,2,3, Netaji Subhash Place, Pitampura, Anandvas Shakurpur, North West Delhi, Delhi – 110034, India Contact Person : Kanika Telephone : +91 8360228604 Email : compliance@suntechinfra.com Website : https://suntechinfra.com/
Suntech Infra Solutions IPO Registrar and Lead Manager(s)
Registrar : MAS Services Limited Contact Person : MR. N.C PAL Telephone : 011-26387281-83, 011-41320335 Email : ipo@masserv.com Website : https://www.masserv.com/
Lead Manager : GYR Capital Advisors Private Limited Contact Person : Mr. Mohit Baid Telephone : +91 87775 64648 Email : info@gyrcapitaladvisors.com Website : https://gyrcapitaladvisors.com/
Suntech Infra Solutions IPO Review
Suntech Infra Solutions is engaged into the business of Civil Construction Services such as Civil Foundation Works, Civil Structural Works; on direct contracting and sub-contracting basis and Renting of Construction Equipment. They have served both public and private sector clients, delivering solutions across industries such as Power, Oil & Gas, Steel, Cement, Renewable Energy, Refineries, Petrochemical Plants, Fertilizer Plants, and Process Plants.
The Company’s growth can be attributable to the entire management team, led by Mr. Gaurav Gupta, he is currently the Chairman of the Board, Managing Director and Promoter of the Company. His technical expertise and extensive experience of more than 15 years has helped the company scale new heights, at present, he is responsible for the overall management, day to day affairs and is the guiding force behind the strategic decisions of the Company.
The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 9,124.77 Lakh, ₹ 9,625.45 Lakh, ₹ 8,619.37 Lakh and ₹ 7,231.76 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,996.07 Lakh, ₹ 2,747.31 Lakh, ₹ 2,058.94 Lakh, and ₹ 1,358.95 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,027.73 Lakh, ₹ 924.52 Lakh, ₹ 575.60 Lakh, and ₹ 302.45 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹6.21and post-issue EPS of ₹ 4.50 for FY24.The pre-issue P/E ratio is 13.85x, while the post-issue P/E ratio is 19.12x against the Industry P/E ratio is 43x. The company's ROCE for FY24 is 17.28%, ROE for FY24 is 28.50% and RoNW is 23.97%. The Annulaised EPS is ₹ 6.67 and annualised P/E Ratio is 12.90x. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Suntech Infra Solutions showing listing gains of 19.76 %.Given the company's financial performance and the valuation of the IPO, we recommend RiskyInvestors to Apply to the Suntech Infra Solutions Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
9,124.77 Lakh, ₹ 9,625.45 Lakh, ₹ 8,619.37 Lakh and ₹ 7,231.76 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,996.07 Lakh, ₹ 2,747.31 Lakh, ₹ 2,058.94 Lakh, and ₹ 1,358.95 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,027.73 Lakh, ₹ 924.52 Lakh, ₹ 575.60 Lakh, and ₹ 302.45 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹6.21and post-issue EPS of ₹ 4.50 for FY24.The pre-issue P/E ratio is 13.85x, while the post-issue P/E ratio is 19.12x against the Industry P/E ratio is 43x. The company's ROCE for FY24 is 17.28%, ROE for FY24 is 28.50% and RoNW is 23.97%. The Annulaised EPS is ₹ 6.67 and annualised P/E Ratio is 12.90x. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Suntech Infra Solutions showing listing gains of 19.76 %.Given the company's financial performance and the valuation of the IPO, we recommend RiskyInvestors to Apply to the Suntech Infra Solutions Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
