Suntech Infra Solutions IPO Subscribed 17.8 Times on Day 2; Retail Demand Surges

New Delhi, June 26, 2025 — The IPO of Suntech Infra Solutions Limited saw a blockbuster response from investors on the second day of bidding, with the issue getting subscribed 17.80 times overall. With over 6.57 crore shares bid for against the issue size of 36.92 lakh shares, the SME offering has already crossed subscription milestones across all investor categories.

Category-wise Bidding Status (June 26, 2025 | 5:00 PM)

Strong Retail Response Drives Momentum

Retail participation was the standout, with over 31,000 applications received and over 5 crore shares bid, marking a 13.56x oversubscription in the retail category alone. Of these, 3.34 crore shares were bid at the cut-off price, reflecting strong investor confidence.

Among QIBs, the bids were diversified across:

• FIIs: 14.89 lakh shares
• Domestic Financial Institutions: 33.60 lakh shares
• Others (QIBs): 11.77 lakh shares

NIIs, particularly individual HNIs, also showed significant interest, accounting for over 91 lakh shares.

Price Band Analysis

Demand remains consistent across all price points, including the upper end of the price band, indicating broad-based interest.

IPO Snapshot

Outlook

With one more day left, the IPO is expected to close on an even stronger note. Investors are advised to place their bids before the window closes on June 27, 2025, at 5:00 PM. The final allotment will be based on oversubscription ratios, with stiff competition likely in both retail and HNI categories.

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