Suntech Infra Solutions Limited, a provider of end-to-end civil construction services, has concluded its IPO with an overwhelming subscription of 208.01 times. With a ₹14 Grey Market Premium (GMP) and broad investor participation, the IPO is poised for a strong listing on the NSE SME platform.

Suntech Infra operates in civil foundation works, structural projects, and construction equipment rentals, serving key industries like Power, Oil & Gas, Steel, Cement, Refineries, Petrochemicals, and Renewable Energy.

IPO Details at a Glance:

Suntech Infra IPO GMP Trend:

The ₹14 GMP reflects strong speculative interest and could result in double-digit listing gains if market sentiment remains positive.

Anchor Investor Participation:

Suntech Infra successfully raised ₹12.63 Crores through anchor investors by allotting 14,68,800 shares at ₹86. This signals institutional confidence and strengthens public perception about the offering's credibility.

Live Subscription Status (As of 07:00 PM, June 27, 2025):

• Overall Subscription: 208.01 times

• Retail Portion: Subscribed multiple times

• HNI Portion: Heavily subscribed

• QIB Portion: Subscribed through anchor and QIB quota

Financial Highlights:

Suntech Infra has shown robust financial performance over the years, indicating both growth and scalability.

Revenue from Operations:

• FY2022: ₹7,231.76 Lakhs

• FY2023: ₹8,619.37 Lakhs

• FY2024: ₹9,625.45 Lakhs

• 9M FY2025 (Dec 2024): ₹9,124.77 Lakhs

EBITDA:

• FY2022: ₹1,358.95 Lakhs

• FY2023: ₹2,058.94 Lakhs

• FY2024: ₹2,747.31 Lakhs

• 9M FY2025: ₹2,996.07 Lakhs

Profit After Tax (PAT):

• FY2022: ₹302.45 Lakhs

• FY2023: ₹575.60 Lakhs

• FY2024: ₹924.52 Lakhs

• 9M FY2025: ₹1,027.73 Lakhs

The PAT for 9 months in FY25 already surpasses FY24 full-year net profit, suggesting accelerated growth momentum.

Key Ratios and Valuation:

• Pre-Issue EPS (FY24): ₹6.21

• Post-Issue EPS (FY24): ₹4.50

• Annualized EPS (FY25): ₹6.67

• Pre-Issue P/E: 13.85x

• Post-Issue P/E: 19.12x

• Annualized P/E (FY25): 12.90x

• Industry P/E: ~43x

• ROCE (FY24): 17.28%

• ROE (FY24): 28.50%

• RoNW: 23.97%

Valuation appears reasonable to moderate, especially when compared to the industry average.

Promoter Profile:

Mr. Gaurav Gupta, the Promoter, Chairman, and Managing Director, brings over 15 years of industry experience and leads strategic planning and execution. His leadership has driven the company’s expansion, equipment procurement, and client acquisitions.

Objects of the Issue:

Suntech Infra plans to utilize the net proceeds for:

1. ₹12.21 Cr – Working capital

2. ₹12.51 Cr – Capital expenditure for construction equipment

3. Balance – General corporate purposes

The focus on capital asset creation and liquidity enhancement supports long-term sustainability.

How to Check Allotment Status:

From June 30, 2025, investors can check IPO allotment status:

1. Visit MAS Services’ IPO allotment page.

2. Select "Suntech Infra Solutions Limited IPO".

3. Enter Application Number, PAN, or DP ID.

4. Submit and view your status.

Final Verdict – Apply or Avoid?

We recommend Risk-Tolerant Investors to Apply to the Suntech Infra IPO based on:

• Massive 208.01x subscription

• Reasonable P/E valuation

• ₹14 GMP indicating 16.31% gain

• Robust financial performance

• Solid anchor backing

• Clear business focus and asset-driven growth

However, due diligence is advised due to SME IPO nature and post-listing liquidity constraints.

Disclaimer:

This article is for educational and informational purposes only and should not be considered financial advice. Please consult a SEBI-registered advisor before investing. Investing in securities markets involves risks. The data and views expressed are based on publicly available information as of the publication date and are subject to change.

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