Latest news with #SuntechInfraSolutions
Business Standard
02-07-2025
- Business
- Business Standard
NSE SME Suntech Infra Solutions impresses on listing day
Shares of Suntech Infra Solutions were trading at Rs 103.65 on the NSE, a premium of 20.52% compared with the issue price of Rs 86. The scrip was listed at Rs 109.10, a premium of 26.86% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 110 and a low of Rs 103.65. About 12.64 lakh shares of the company changed hands at the counter. Suntech Infra Solutions' IPO was subscribed 208 times. The issue opened for bidding on 25 June 2025 and it closed on 27 June 2025. The price band of the IPO was set at Rs 81 to Rs 86 per share. The issue comprised 51,61,600 equity shares, including a fresh issue of upto 39,74,400 equity shares and offer for sale (OFS) of upto 11,87,200 equity shares. The company intends to utilize the net proceeds for funding working capital requirements of the company, funding of capital expenditure requirements of the company towards purchase of construction equipment for civil construction business and general corporate purposes. Ahead of the Suntech Infra Solutions on 24 June 2025, raised Rs 12.63 crore from anchor investors. The board has allotted 14.68 lakh shares at Rs 86 per share to 7 anchor investors. Suntech Infra Solutions is engaged in the business of civil construction services, including civil foundation works (such as piling and foundation work), civil structural works, and construction equipment rentals. The company has provided services to both the public and private sectors. Its clients include companies operating in the power, oil & gas, steel, cement, renewable energy, refineries, petrochemical plants, fertilizer plants, and process plants industries, as well as in urban and rural infrastructure development projects such as bridges, metros, irrigation projects, and more. As of 31 December 2024, the company has total 576 employees.
Mint
02-07-2025
- Business
- Mint
Suntech Infra Solutions share price lists with decent 27% premium at ₹109.10 on the NSE SME: Declines 5% thereafter
Suntech Infra Solutions share price was listed on the NSE SME with a decent 27% premium at ₹ 109.10 on Wednesday. The Suntech Infra Solutions share price declined 5% thereafter amidst profit booking Suntech Infra Solutions share price, which listed with a strong 27% premium over the issue price of ₹ 86, at ₹ 109.10 on the NSE SME, though gained further to hit highs of ₹ 110. The Suntech Infra share price, however, declined 5% thereafter to ₹ 103.65 levels. Since the RS 103.65 happened to be the lower price band for the Suntech Infra Solutions share price, the stock was locked in the lower circuit after a decent debut. Suntech Infra Solutions had been commanding strong investor confidence, as was visible from the subscription status for the IPO and Grey Market Premium. However, the Suntech Infra Solutions share price is listed below the levels indicated by the GMP, or grey market premium. Suntech Infra Solutions IPO was subscribed 223.64 times. By June 27, 2025, the public offering had been subscribed to 150.10 times in the retail category, 122.82 times in the QIB category, and 529.51 times in the NII category. The grey market premium (GMP) for the Suntech Infra Solution IPO rose to +41 by the listing day, according to This indicated that before listing, Suntech Infra Solutions shares were trading at a ₹ 41 premium in the grey market, above the ₹ 86 issue price. This implied that investors anticipated a listing of shares at a 47.67% premium, or ₹ 127, above the issue price of ₹ 86. Hence the listing of Suntech Infra Solutions share price at ₹ 109.10 was below the levels of around ₹ 127 as indicated by the GMP, or Grey Market Premium.
Economic Times
02-07-2025
- Business
- Economic Times
Suntech Infra Solutions shares to list today. GMP hints at strong listing pop
Delhi's Suntech Infra Solutions is set for a strong NSE SME debut on July 2, with a GMP of Rs 41 over its Rs 86 issue price, signaling a potential 48% listing gain. Suntech Infra Solutions, a Delhi-based construction and equipment rental company, is set to list on the NSE SME platform on July 2, with expectations of a strong listing gain. The IPO saw healthy demand, driven by its position in the B2B infrastructure construction segment and robust financials. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Delhi-based construction and equipment rental player Suntech Infra Solutions is set to list on the NSE SME platform on July 2 with a GMP of Rs 41 over the issue price of Rs 86. This suggests a strong potential listing gain of nearly 48% for investors who received allotments in the Rs 44.39 crore IPO, which closed on June 27, saw a healthy response from institutional and non-institutional investors, anchored by its position in the B2B infrastructure construction segment and solid financials. The public issue comprised a fresh issue of 39.74 lakh shares and an offer for sale of 11.87 lakh Infra operates across core infrastructure verticals — including power, oil and gas, steel, cement, and renewable energy — and has ongoing projects worth Rs 186 crore as of July also boasts an equipment rental order book worth nearly Rs 10.9 crore, highlighting its integrated civil construction FY24, the company clocked Rs 96.25 crore in revenue, with a net profit of Rs 9.25 crore, up 61% from the previous IPO proceeds will be used to fund working capital and purchase new construction equipment to support project a strong order book, proven project delivery record, and expanding demand from both government and private infra sectors, Suntech Infra's debut is expected to mirror the optimism in the SME IPO market, even amid broader market the pre-listing enthusiasm and reasonable valuation, the company may find strong support on the bourses, and investors are keenly watching for a premium listing and sustainable performance in the days ahead.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
02-07-2025
- Business
- Time of India
Suntech Infra Solutions shares to list today. GMP hints at strong listing pop
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Delhi-based construction and equipment rental player Suntech Infra Solutions is set to list on the NSE SME platform on July 2 with a GMP of Rs 41 over the issue price of Rs 86. This suggests a strong potential listing gain of nearly 48% for investors who received allotments in the Rs 44.39 crore IPO, which closed on June 27, saw a healthy response from institutional and non-institutional investors, anchored by its position in the B2B infrastructure construction segment and solid financials. The public issue comprised a fresh issue of 39.74 lakh shares and an offer for sale of 11.87 lakh Infra operates across core infrastructure verticals — including power, oil and gas, steel, cement, and renewable energy — and has ongoing projects worth Rs 186 crore as of July also boasts an equipment rental order book worth nearly Rs 10.9 crore, highlighting its integrated civil construction FY24, the company clocked Rs 96.25 crore in revenue, with a net profit of Rs 9.25 crore, up 61% from the previous IPO proceeds will be used to fund working capital and purchase new construction equipment to support project a strong order book, proven project delivery record, and expanding demand from both government and private infra sectors, Suntech Infra's debut is expected to mirror the optimism in the SME IPO market, even amid broader market the pre-listing enthusiasm and reasonable valuation, the company may find strong support on the bourses, and investors are keenly watching for a premium listing and sustainable performance in the days ahead.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
28-06-2025
- Business
- News18
Sambhv Steel Tubes IPO Allotment Date: GMP Rises Ahead of Listing, Check Subscription Status
Last Updated: The GMP of the Suntech Infra Solutions IPO is 17.07% today; its allotment is scheduled to be finalised on Monday, June 30. Sambhv Steel Tubes IPO Allotment Date: The Sambhv Steel Tubes IPO has received a strong 30.33x subscription on the final day of bidding on Friday, amid a decent GMP. Its grey market premium of 17.07% signals decent listing gains for investors. However, brokerage reports have recommended the company for the long-term play due to its fully backward integration. As the issue has closed, investors are awaiting its allotment. The allotment of the Sambhv Steel Tubes IPO is scheduled to be finalised on Monday, June 30. Sambhv Steel Tubes IPO: A Step-By-Step Guide To Check Allotment Status Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening on June 30. They can also check their allotment status on the websites of the NSE as well as registrar Kfin Technologies. The allotment status can be checked by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Sambhv Steel Tubes Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. and check the Sambhv Steel Tubes IPO allotment status. The allotment status can also be checked on the NSE's website at According to market observers, the GMP of the Suntech Infra Solutions IPO has increased to 17.07% currently. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Sambhv Steel Tubes IPO Listing Date The listing of Sambhv Steel Tubes Ltd's shares will take place on Wednesday, July 2, on both BSE and NSE. Sambhv Steel Tubes IPO: More Info The IPO consists of a fresh issue of equity shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore by the company's promoter and promoter group shareholders. It was open for public subscription between June 25 and June 27. On the final day of bidding on Friday, the Sambhv Steel Tubes IPO received a 30.33 times subscription, garnering bids for 1,40,13,19,920 shares as against the 6,58,69,293 shares on offer. The retail and NII participation stood at 8.56 times and 33.88 times, respectively. Its qualified institutional buyer (QIB) category got a 66.36 times subscription. The price band was fixed at Rs 77 to Rs 82 per equity share of face value Rs 10 each. Most brokerage firms gave 'subscribe' recommendations to the IPO, with most advising investors to take a long-term view due to Sambhv Steel's backward integration, new capacity ramp-up, and strong product portfolio. They added that growth prospects and debt reduction post IPO offer a compelling long-term case. As per the RHP, Sambhv Steel intends to use the net proceeds from the fresh issue primarily for pre-payment or scheduled repayment of certain outstanding borrowings, and the remaining amount will go towards general corporate purposes. Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
