Suntech Infra Solutions IPO opens today: Check Price band, subscription and other details
Suntech Infra Solutions, a B2B civil construction services provider, has opened its
initial public offering
(IPO) for subscription today. The Rs 44.39 crore IPO comprises a fresh issue of 39.74 lakh shares worth Rs 34.18 crore and an offer for sale (OFS) of 11.87 lakh shares aggregating to Rs 10.21 crore by existing shareholders.
The IPO will close on June 27, with allotment likely to be finalised by June 30. The stock is scheduled to list on the NSE SME platform on July 2.
The price band is fixed between Rs 81 and Rs 86 per share, and investors can bid for a minimum lot of 1,600 shares.
The IPO is being managed by GYR Capital Advisors, with Mas Services Limited as the registrar. Giriraj Stock Broking is acting as the market maker.
Company overview
Incorporated in 2009, Suntech Infra Solutions offers a range of civil construction services, including foundation and structural work. It operates in both public and private sectors across industries like power, oil & gas, steel, cement, refineries, and infrastructure.
The company currently has six ongoing projects valued at over Rs 186 crore and an equipment rental order book worth Rs 10.92 crore.
It owns a large fleet of modern equipment including piling rigs, diaphragm wall grabs, boom placers, and cranes. Key clients include Bharat Mandapam, IOCL, Ultratech, and the Unity Group.
Financial Performance
The company has shown steady financial growth. For FY24, it reported revenue of Rs 96.25 crore and profit after tax of Rs 9.25 crore, up from Rs 5.76 crore in FY23. EBITDA margin improved to 28.28%, and PAT margin stood at 9.67%. Its return on equity (ROE) for FY24 is a healthy 28.50%.
The IPO proceeds will be utilised to fund working capital needs (Rs 12.21 crore), purchase of construction equipment (Rs 12.51 crore), and for general corporate purposes.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
Govt signs agreements for Rs 18k-cr investments in maritime trade infra
Bhubaneswar: Odisha govt on Thursday signed two major concession agreements, promising a combined investment of over Rs 18,000 crore in maritime trade infrastructure which is expected to create 8,450 jobs. Gopalpur Ports Limited committed to a Rs 16,554 crore investment to expand and develop the Adani Group-controlled Gopalpur Port. This will increase the port's cargo handling capacity to 50 million metric tonnes (MMT) — from the current 20MMT — and generate approximately 5,000 jobs, further solidifying Odisha's position as a key player in maritime trade, a govt statement said. JSW Utkal Steel Limited, a subsidiary of Sajjan Jindal-led JSW Group, is likely to invest Rs 2,100 crore for the construction of a 52 million tonne cargo handling jetty at Jatadhara river mouth near Paradip in Jagatsinghpur district. This project is expected to generate 3,450 direct and indirect jobs, significantly enhancing the region's economic landscape, the statement added. Chief minister Mohan Charan Majhi, who was present at the signing ceremony, emphasised the state's focus on development of maritime trade, highlighting plans for new ports at Inchudi and Bahuda, alongside development initiatives for Subarnarekha and Astaranga ports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo The agreements were signed in the presence of key industry leaders, including Anil Kumar Singh, president of JSW Utkal Steel Limited, and Sandeep Jaiswal, business head of Gopalpur Ports Limited. The CM expressed confidence that these projects, led by globally renowned companies, will usher in a new era of port-led development in Odisha. Commerce and transport minister Bibhuti Bhushan Jena reiterated the importance of developing ports and jetty in the state's overall growth strategy, aiming to leverage Odisha's extensive coastline for further infrastructural development. The government's vision for 2036 and 2047 includes ensuring adequate port capacity to support coastal shipping operations. Plans are underway to increase Paradip Port's capacity from its current 289 MMTPA to 300 MMTPA, while also expanding non-major port capacity in the state to 200 MMTPA by 2036. To enhance coastal connectivity, the govt intends to develop eight new non-major ports in addition to the existing Dhamra and Gopalpur ports. Furthermore, there are strategic plans to transform Gopalpur and Paradip into green energy hubs, with a focus on developing green hydrogen, ammonia, and integrated port-based industrial ecosystems.
Time of India
24 minutes ago
- Time of India
Kol office space demand doubles but residential sales dip in Q2 2025
Kolkata: Demand for office space in Kolkata doubled to 6 lakh sq ft from 3 lakh sq ft in the April-June quarter, even as residential sales stuttered and fell by 10% against Jan-Mar 2025, with approximately 3,525 units sold in the second quarter of 2025. According to Colliers, a global diversified professional services company specialising in commercial real estate services, engineering consultancy, and investment management, the absorption of 6 lakh sq ft comes as a major boost in the wake of just 1 lakh sq ft absorbed in the Jan-Mar quarter. The 7 lakh sq ft absorbed in the Jan-June period is a 40% hike over the 5 lakh sq ft absorbed in the first half of last year. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The encouraging development in office space transactions was somewhat offset by the sub-par performance in residential real estate, with 7,425 units sold in the first half of 2025, 28% less than the 10,290 units sold in the corresponding period last year. Kolkata added 2,505 units in April-June 2025, a dip of 54% over Jan-June 2025 and a 17% rise against April-June 2024. Around 48% of the new supply was added in the mid-segment (Rs 40 lakh-Rs 80 lakh). According to real estate consultancy firm Anarock, one of the prime reasons for the declining sales was the geopolitical tension both on the domestic front and at the global level, which pushed many homebuyers into the wait-and-watch mode amid job insecurities. Increasing property prices have also made property buying quite unaffordable for many. Despite the headwinds, new supply in the city increased by over 23% in the first half of 2025 to 7,905 units, up from 6,440 units in Jan-June 2024. With added new supply in the city over the last half of 2025, the unsold stock in the city has seen a 3% increase. However, the industry is optimistic about the future. With a tentative return to normalcy on the geopolitical front, a resurgence of the stock markets, and a gradual easing of interest rates after a massive repo rate cut, there is every reason to look forward to renewed momentum in the Kolkata housing market.
Time of India
an hour ago
- Time of India
Families drown in debt under relocation project
Thiruvananthapuram: The Punargeham project, launched by the state govt to relocate coastal families living within 50m of the high-tide line, has left hundreds of beneficiaries trapped in debt, with many forced to sell their newly built homes. Under the scheme, each family received Rs 10 lakh to purchase land and construct a home. However, the amount proved insufficient, forcing most families to seek additional funds. With nationalized and private banks often refusing loans—especially for small landholdings—many turned to private moneylenders who charged exorbitant interest rates. As a result, several families are now attempting to sell their homes just to escape the financial burden. So far, 667 families along the coast in the district have received the funds, while 4,116 applications remain pending. The govt's rule that imposes 18% interest on those who fail to complete construction within 12 months worsened the crisis, pushing more families towards high-interest borrowing. Beneficiaries were identified through a district-level survey. "Nearly 400 of the 667 families are now in a debt trap," said Suresh Peter, president of the Kerala Latin Catholic Association in Valiyathura. He urged the govt to raise the assistance to Rs 20 lakh to prevent further distress. Valiyathura resident Benedict Mary, 40, lost her home at Kochuthoppu to sea erosion in 2019. Initially grateful for the Rs 10 lakh grant, she said the experience has been devastating. "I used the money to buy two cents of land at Kuzhivilakam. Since banks refused me a loan as the plot was too small, I was forced to borrow Rs 15 lakh from a private lender at an interest rate of Rs 2,000 per month for every lakh. That meant paying Rs 30,000 in interest alone every month. There were times my husband couldn't go fishing, and we struggled to make the payments. We even borrowed more money just to pay the interest. We're drowning in debt now, and our attempts to sell the house have also failed. We once had a home—but this govt aid has become a curse in our lives," said Benedict. However, fisheries department joint director (south zone) Santhosh Kumar S said the crisis stemmed from poor financial planning. "The govt addressed a real issue by helping coastal families relocate from erosion-prone areas. We advised building houses between 350 and 500sq ft. But many chose to build larger homes and landed themselves in trouble," he said.
