Suntech Infra Solutions IPO opens; check price band, lot size, objectives and key dates

Suntech Infra Solutions IPO: The initial public offering of Suntech Infra Solutions, a business-to-business (B2B) construction firm, will open for public subscription on Wednesday, June 25. The issue will conclude on June 27. The price band has been set at ₹81 to ₹86 per share, and a lot consists of 1,600 shares.

The ₹44.39 crore initial share sale is a combination of a fresh issuance of 39.74 lakh shares valued at ₹34.18 crore and an offer for sale (OFS) component of 11.87 lakh shares aggregating to ₹10.21 crore.

Funds to the tune of ₹12.21 crore will be used for working capital requirements and ₹12.51 crore for capital expenditure towards the purchase of equipment for the construction business. A portion will also be used for general corporate purposes.

Suntech Infra Solutions IPO: Key dates

Suntech Infra Solutions' basis of allotment is likely to be finalised on June 30, while the listing on the National Stock Exchange's SME platform would occur on July 2.

GYR Capital Advisors Pvt Ltd is the issue's book-running lead manager, while Mas Services Ltd is the registrar.

Suntech Infra Solutions is engaged in providing civil construction services such as foundation and structural works via direct contracting, sub-contracting, and equipment rental.

It has served public and private clients, offering solutions to various industries, including cement, oil & gas, power, renewable energy, and steel.

The company's fleet includes cranes up to 150T capacity, including crawlers and all-terrain cranes, hydraulic piling rigs ranging from 155 kN to 285 kN, rubber tyre gantry cranes for steel handling, impact hammers, vibro hammers, shotcrete, and concrete equipment such as mobile boom placers and batching plants.

Suntech Infra's promoters are Gaurav Gupta, Parveen Kumar Gupta and Shikha Gupta.

For the nine-month period ended December 31, 2024, the company posted a profit after tax of ₹10.28 crore and ₹89.72 crore in revenue from operations.