Suntech Infra Solutions IPO Day 2: Subscription status, GMP, other key details you need to know

Suntech Infra Solutions IPO Day 2: Subscription Status, GMP & Key Insights

The initial public offering (IPO) of Suntech Infra Solutions Limited, a B2B civil construction firm, has garnered significant investor interest on its second day of subscription. As of June 26, 2025, the IPO has been subscribed 13.26 times, with a grey market premium (GMP) of 29%, indicating strong market enthusiasm.

📈 Subscription Status

The IPO, which opened on June 25, 2025, and is set to close on June 27, 2025, has received bids for 2,36,78,400 shares against the 36,92,800 shares on offer. This translates to an overall subscription of 13.26 times. Retail investors have shown robust interest, with their portion subscribed 19.12 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) have subscribed 6.41 times and 2.72 times, respectively .

💰 Grey Market Premium (GMP)

Shares of Suntech Infra Solutions are trading at a GMP of ₹25, or 29%, over the issue price of ₹86. This suggests that the unlisted shares are being traded at approximately ₹111 in the grey market, reflecting positive investor sentiment and expectations of a strong listing performance 

🗓️ Key Dates

• IPO Opening Date: June 25, 2025

• IPO Closing Date: June 27, 2025

• Allotment Date: June 30, 2025

• Listing Date: July 2, 2025, on the NSE SME platform

🏗️ Company Overview

Founded in 2009, Suntech Infra Solutions provides comprehensive civil construction services, including foundation and structural work. The company caters to both public and private sector clients across industries such as power, oil & gas, cement, steel, refineries, and infrastructure. Suntech currently has six active projects with a total value exceeding ₹186 crore, alongside an equipment rental order book worth ₹10.92 crore. Notable clients include Bharat Mandapam, Indian Oil Corporation (IOCL), Ultratech Cement, and the Unity Group 

📊 Financial Performance

For the fiscal year 2024, Suntech Infra Solutions reported a revenue of ₹96.25 crore and a profit after tax (PAT) of ₹9.25 crore, up from ₹5.76 crore in FY23. The company's EBITDA margin improved to 28.28%, and the PAT margin stood at 9.67%. Its return on equity (ROE) for FY24 is a healthy 28.50% .

🎯 IPO Objectives

The net proceeds from the IPO will be utilized for

1. Funding working capital requirements (₹12.21 crore)

2. Purchasing construction equipment (₹12.51 crore)

3. General corporate purposes

🧠 Analyst Insights

Analysts have expressed a positive outlook on Suntech Infra Solutions, citing its strong order book, diversified service offerings, and robust financial performance. The company's focus on infrastructure sectors such as oil & gas, cement, and steel positions it well to capitalize on the government's increased capital investment in infrastructure development. The healthy GMP further indicates investor confidence in the company's prospects.

💼 Investor Outlook

Given the strong subscription numbers, positive GMP, and the company's solid financials, investors may consider subscribing to the Suntech Infra Solutions IPO. However, it's essential to assess individual investment goals and risk tolerance before making any investment decisions.