Suntech Infra Solutions' IPO to open on June 25th 

New Delhi, June 24, 2025: Suntech Infra Solutions Limited, a company specialising in civil construction services and equipment rentals, is set to launch its initial public offering (IPO) tomorrow, Wednesday, June 25, 2025. The subscription window will remain open until Friday, June 27, 2025, with the shares slated for listing on the NSE Emerge platform.

The Suntech Infra IPO comprises a total of 51.61 lakh equity shares. This includes a fresh issue of 39.74 lakh shares, aimed at raising fresh capital for the company, and an Offer for Sale (OFS) of 11.87 lakh shares by promoter Gaurav Gupta. The price band for the IPO has been fixed at ₹81 to ₹86 per share. Investors can bid for a minimum lot of 1,600 shares, translating to a minimum investment of ₹1,37,600 at the upper end of the price band. For High Net-worth Individuals (HNIs), the minimum bidding size is two lots, or 3,200 shares, amounting to ₹2,75,200.

Suntech Infra IPO Snapshot

Company Overview

Established in 2009, Suntech Infra Solutions Limited operates as a business-to-business (B2B) construction company. Its core services include:

• Civil foundation works, such as piling and structural foundations.
• Civil construction: Including bridges and industrial buildings.
• Renting of high-value construction equipment: A diversified fleet including cranes, excavators, and rigs.

The company caters to a broad clientele, serving both private and public sector clients across various industries, including oil & gas, power, cement, infrastructure, and renewables. As of May 31, 2025, Suntech Infra Solutions had an order book of approximately ₹317.11 crores for civil construction projects and ₹4.77 crores for construction equipment rentals.

Financial Performance

Suntech Infra Solutions has demonstrated consistent growth in its financial performance:

• Revenue (9M FY25): ₹89.72 crore
• PAT (9M FY25): ₹10.28 crore
• Net Worth (Dec 2024): ₹48.84 crore
• Borrowings (Dec 2024): ₹79.93 crore

The funds generated from the fresh issue portion of the IPO will primarily be allocated towards fulfilling the company’s working capital requirements and the strategic purchase of new construction equipment, further strengthening its operational capabilities.

Offer Details and Promoter Stake

Promoter Gaurav Gupta is divesting 11.87 lakh shares through the Offer for Sale (OFS). While this will lead to a dilution in promoter holding post-issue, the promoters are expected to retain a controlling interest in the company. No other promoters are participating in the OFS.

Lead Manager & Registrar:

• Book Running Lead Manager (BRLM): GYR Capital Advisors Pvt Ltd
• Registrar to the Issue: MAS Services Limited

What Should Investors Consider?

• Sectoral Exposure: The company operates in a sector with high exposure to infrastructure and capital expenditure cycles, making its performance sensitive to economic trends.
• Working Capital Intensive: The business model is working capital intensive, which may impact liquidity.
• Legal Proceedings: The company is currently involved in 28 ongoing legal proceedings, including criminal and tax matters, which investors should be aware of.

Other Details

The allotment of shares is tentatively scheduled to be finalised by July 1, 2025 (though some reports suggest July 2), with the listing expected on July 3, 2025 (some reports suggest July 2) on NSE Emerge. Interested investors are advised to place their bids within the three-day subscription window starting tomorrow.

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