Suntech Infra IPO Detail, Info, SME IPO Review, Analysis
June 19, 2025
TABLE OF CONTENTS
The Suntech Infra Solutions Ltd is a rather fresh initial public offering (IPO) that allows investors to access India's growing construction and infrastructure development sector. The Company is focused on providing a complete range of infrastructure solutions and construction industry services and project management, across all sectors including residential, commercial, and industrial development. The Company is headquartered in Delhi and is establishing a market presence as India undergoes a massive drive to continued investment into infrastructure improvements.
The IPO is a fresh issue for ₹42.16 crores with a price range of ₹81-86 per share and will be listed on BSE SME. Right now the GMP is ₹12 (13.95% premium) which reflects well on the sentiment for the offering at the price.
The Suntech Infra Solutions Limited IPO is scheduled to open on June 25, 2025, and close on June 27, 2025. The allocation date is expected to be announced by June 30, 2025, with listing planned for July 2, 2025.
Parameter | Details |
---|---|
Company Name | Suntech Infra Solutions Limited |
Issue Size | ₹42.16 crores |
Issue Type | Fresh Issue Only |
Number of Shares | 55,00,000 shares |
Price Band | ₹81-86 per share |
Lot Size | 1,600 shares |
Face Value | ₹10 per share |
Listing Platform | BSE SME |
Lead Manager | GYR Capital Advisors Private Limited |
Suntech Infra Solutions Limited is a full-spectrum infrastructure and construction firm providing complete end-to-end solutions in property and infrastructure development, running projects from residential to commercial and industrial projects. Suntech has a good footing in the construction business as reliable partner in the India construction space, with services from project planning and design to execution and maintenance.
Located in Netaji Subhash Place, Pitampura, New Delhi, in close proximity to the major government offices, commercial areas and infrastructure projects provide our office with great benefits. Suntech Infra has developed trust with repeat clients by successfully providing quality construction projects on time and under budget and preferred client for a variety of projects in infrastructure development.
Company was incorporated as a private limited company in 2009, and converted to public limited company some years ago, and prepared to list on public equity market in early July 2024. To this end the company is offering fresh issue worth ₹42.16 crores. The money raised from the IPO will provide funds to finance the business expansion, working capital needs, equipment purchases and business operations platform the standard competitive environment within the infrastructure sector.
The company provides civil construction, project management and maintenance services, infrastructure development, which providing client, all range of construction service offerings. Given the various government initiatives and thrust in the infrastructure projects sector, the opportunity for growth in the placed under mandate with the uptake of developments in the infrastructure area and considering the influx in money!
The company has shown consistent financial performance with steady growth across key metrics:
Period Ended | Mar-24 | Mar-23 | Mar-22 |
---|---|---|---|
Assets | 120.28 | 100.38 | 77.93 |
Revenue | 96.25 | 86.19 | 72.32 |
Profit After Tax | 9.25 | 5.76 | 3.02 |
Net Worth | 38.56 | 26.32 | 20.56 |
Reserves and Surplus | 36.00 | 23.90 | 18.15 |
Total Borrowing | 56.38 | 33.38 | 34.25 |
Amount in ₹ Crores
Suntech Infra Solutions has displayed considerable financial growth with an increase in total assets from ₹77.93 Cr. to ₹120.28 Cr. Revenue increased from ₹72.32 Cr. to ₹96.25 Cr.; PAT increased more than 3x from ₹3.02 Cr. to ₹9.25 Cr.; net profit margin improved from 4.2% to 9.6% which reflects a greater operational efficiency, overall net worth nearly doubled and the reserves help net worth with ₹38.56 Cr in net worth, borrowings were incurred which is normal with infrastructure projects with ₹56.38 Cr; the debt equity ratio of 1.46 suggests it is manageable.
The IPO share allocation follows standard SEBI guidelines for SME listings:
Investor Category | Allocation % | Purpose |
---|---|---|
Retail Investors | 35% | Individual investors |
HNI (Non-Institutional) | 15% | High Net Worth Individuals |
QIB (Qualified Institutional) | 50% | Institutional investors |
Company | Sector Focus | Revenue (₹cr.) | Market Position |
---|---|---|---|
Suntech Infra | Infrastructure & Construction | 96.25* | Growing SME |
Larsen & Toubro | Infrastructure & Construction | 2,00,000+ | Market Leader |
Dilip Buildcon | Infrastructure & Construction | 8,000+ | Major Player |
PNC Infratech | Infrastructure & Construction | 4,500+ | Established Player |
*Latest reported period (Mar-24)
1. Project Execution Risk
Infrastructure projects are susceptible to delays due to regulatory approvals, land acquisition issues, weather, and coordination among stakeholders.
2. Working Capital Intensive
The construction business requires high working capital for materials, labor, and equipment, often leading to cash flow challenges during execution.
3. Debt Dependence
Borrowings increased from ₹34.25 Cr to ₹56.38 Cr, indicating reliance on external funding, which may reduce profitability due to interest costs.
4. Cyclical Business
The infrastructure sector is heavily dependent on government spending and is sensitive to economic cycles and policy changes.
5. Raw Material Price Volatility
Fluctuating prices of cement, steel, and other materials can significantly impact project margins and overall profitability.
6. Regulatory Compliance
Construction projects require numerous approvals (environmental, safety, building codes), increasing complexity and execution risk.
7. Competition from Established Players
Large players dominate major contracts, while numerous SMEs compete aggressively for subcontracts, intensifying job competition.
8. SME Market Risks
Being listed on the BSE SME platform exposes the stock to higher liquidity and volatility risks compared to mainboard listings.
1. Consistent Revenue & Profit Growth
Revenue increased from ₹72.32 Cr to ₹96.25 Cr and PAT grew from ₹3.02 Cr to ₹9.25 Cr, showing strong business momentum.
2. Improving Margins
Profit margins improved from 4.2% to 9.6%, reflecting better operational efficiency and project execution.
3. Strong Net Worth
Net worth rose from ₹20.56 Cr to ₹38.56 Cr, boosting credibility and capacity for handling larger projects.
4. Strong Local Market Presence
Located in Delhi NCR, the company has access to diverse government and private sector infrastructure opportunities.
5. Value Addition
Full-service project capabilities—from planning to execution—enhance customer retention and offer competitive differentiation.
6. Public Sector Opportunities
Government schemes and funding support create favorable conditions for infrastructure players.
7. Experienced Management
With operations since 2009, the company has built trust and execution capacity, fostering strong industry relationships.
8. Growing Infrastructure Demand
Urbanization and infrastructure growth in India offer long-term opportunities for construction companies like Suntech Infra.
Step-by-step guide (when IPO opens):
--> Log in to your broker app (Zerodha, Angel One, Groww, etc.)
--> Navigate to the IPO section and select Suntech Infra Solutions Limited IPO
--> Click "Apply"
--> Enter:
Lot size (minimum 1,600 shares)
Bid price (₹81-86 or select Cut-Off)
Your UPI ID
--> Submit the application
--> Approve the UPI mandate in your UPI app (PhonePe, GPay, etc.)
⏰ Important: Mandate must be approved before 5 PM on the same day or before IPO closes.
You can check allotment status through BSE and the registrar portal once the IPO opens.
Visit the BSE official website.
Navigate to the IPO Allotment Section.
Select Suntech Infra Solutions Limited IPO.
Enter PAN number or application number.
Submit details to get allotment status.
Visit Mas Services Limited's website.
Select IPO allotment status.
Choose Suntech Infra Solutions Limited IPO.
Enter PAN or application number.
Submit to check status.
Name : Suntech Infra Solutions Limited
Address : Unit No. 604-605-606, 6th Floor, NDM-2, Plot No. D-1,2,3, Netaji Subhash Place, Pitampura, Anandvas Shakurpura, North West Delhi, New Delhi, 110034
Phone : +91 8360228604
Email : compliance@suntechinfra.com
Website : https://suntechinfra.com/
Name : Mas Services Limited
Address : T - 34, 2nd Floor, Okhla Industrial Area, Phase - II, New Delhi - 110 020
Phone : +91 11 26104142
Email : ipo@masserv.com
Website : https://www.masserv.com/opt.asp
The Suntech Infra Solutions Limited IPO provides investment exposure to India's infrastructure and construction sector, which is growing rapidly. The company has consistently delivered a solid financial performance showing revenue growth (₹72.32 crores to ₹96.25 crores), an improved profit (₹3.02 crores to ₹9.25 crores) and a set of strong balance sheet fundamentals. The company's wide-ranging service portfolio along with its location in Delhi NCR provides a competitive advantage and will position the company better to take advantage of infrastructure development projects.
The company also had healthy revenue growth, contractor execution capabilities and market acceptance, while improving net profit margins from 4.2% to 9.6% over two years, indicating a culture of operational efficiency and improved project management capabilities.
Potential investors should consider that this is a working capital intensive business, with increasing debt levels as it relies on short-term bank borrowings, along with the cyclical nature of the infrastructure sector. Given it is a government-dependent sector, project execution risks also need to be evaluated.
I think pricing between ₹81-86 per share for an infrastructure company with a consistent growth trajectory, a positive GMP of ₹12 (or around 13.95% premium) is an acceptable fair value for long-term investors who want exposure to India's infrastructure development theme.
Disclaimer : This analysis is for educational purposes only and should not be considered as financial advice. Please consult with your financial advisor before making any investment decisions. Infrastructure sector investments carry market risks and are subject to regulatory changes.
1. When is the Suntech Infra Solutions Limited IPO date?
The Suntech Infra IPO opens on June 25, 2025, and closes on June 27, 2025, with listing scheduled for July 2, 2025, on BSE SME.
2. What is the issue size of Suntech Infra IPO?
The total issue size is ₹42.16 crores comprising fresh issue of 55,00,000 equity shares at ₹81-86 per share.
3. What is the price band of Suntech Infra IPO?
The IPO price band is set at ₹81-86 per share with a face value of ₹10 per share and minimum lot size of 1,600 shares.
4. Is Suntech Infra IPO a good investment?
With consistent revenue growth, improving profit margins from 4.2% to 9.6%, and strong balance sheet, it offers good potential in the infrastructure sector.
5. Who is the lead manager for Suntech Infra IPO?
GYR Capital Advisors Private Limited is serving as the book-running lead manager for this IPO.
6. What is Suntech Infra's business model?
The company provides comprehensive infrastructure solutions including civil construction, project management, and maintenance services across various sectors.
7. What is the minimum lot size for Suntech Infra IPO?
The minimum lot size is 1,600 shares, requiring a minimum investment of ₹1,29,600-1,37,600 depending on the final price.
8. Who is the registrar of Suntech Infra IPO?
Mas Services Limited is handling the IPO registration and allotment process for this offering.
9. On which exchanges will Suntech Infra be listed?
The company's shares will be listed on BSE SME (Small and Medium Enterprises) platform upon successful completion of the IPO.
10. What are the key strengths of Suntech Infra?
Key strengths include consistent growth trajectory, improving profitability margins, strong balance sheet, strategic Delhi location, and comprehensive infrastructure service portfolio.
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