Suntech Infra Solutions IPO open date is June 25, 2025 and the IPO will close on June 27, 2025.
The company reported revenue of ₹96.25 crores and profit of ₹9.25 crores in 2024.
Suntech Infra Solutions IPO Business Overview
- Nature of Business: B2B civil construction company engaged in civil foundation works, civil structural works (direct and subcontracting), and construction equipment rentals.
- Client Segments: Public and private sectors across industries like power, oil & gas, steel, cement, renewable energy, refineries, petrochemicals, fertilizers, process plants, and infrastructure (bridges, metros, irrigation).
- Geographic Footprint: Operations span Indian states including Delhi, Bihar, Gujarat, Odisha, and Rajasthan.
- Project Size & Order Book (as of July 31, 2024):
- 6 ongoing civil projects worth ₹18,637.19 lakhs.
- Equipment rental order book: ₹1,092.70 lakhs.
- Employees: 462 full-time employees; ~200–220 casual workers on project demand
Suntech Infra Solutions IPO Details
| IPO Open Date: | June 25, 2025 |
| IPO Close Date: | June 27, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹81 to ₹86 Per Share |
| Issue Size: | Approx ₹42.16 Crores |
| Fresh Issue: | Approx ₹31.95 Crores |
| Offer for Sale: | Approx 11,87,200 Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Market Lot Size of Suntech Infra Solutions IPO
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹1,37,600 |
| Retail Maximum | 1 | 1600 | ₹1,37,600 |
| S-HNI Minimum | 2 | 3,200 | ₹2,75,200 |
Suntech Infra Solutions IPO Dates
| IPO Open Date: | June 25, 2025 |
| IPO Close Date: | June 27, 2025 |
| Basis of Allotment: | June 30, 2025 |
| Refunds: | July 1, 2025 |
| Credit to Demat Account: | July 1, 2025 |
| IPO Listing Date: | July 2, 2025 |
Promoter & Management Analysis
- Promoter: Mr. Gaurav Gupta.
- Promoter Holding (Pre/Post IPO): Not explicitly disclosed in the excerpts.
- Legal Issues: Criminal complaints filed by Labour Enforcement Officer pending against Gaurav Gupta.
- No SEBI penalties in past 5 years
Suntech Infra Solutions IPO Company Financial Report
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹72.32 | ₹67.98 | ₹3.02 | ₹77.93 |
| 2023 | ₹86.19 | ₹78.13 | ₹5.76 | ₹100.38 |
| 2024 | ₹96.25 | ₹83.70 | ₹9.25 | ₹120.28 |
Financial Highlights (FY22–FY24)
| Particulars | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue from Ops (₹L) | 7,167.08 | 8,567.57 | 9,559.45 |
| EBITDA Margin | Not stated | Not stated | Not stated |
| Net Profit (₹L) | 302.45 | 575.60 | 924.52 |
| Net Profit Margin | 4.2% approx. | 6.7% approx. | 9.7% approx. |
| Cash from Ops (₹L) | 331.86 | 3,018.18 | (167.01) |
| EPS (Basic) | Not disclosed explicitly | ||
| ROE, ROCE | Not specified in excerpt |
Suntech Infra Solutions IPO Valuation – FY2024
| KPI | Values |
| ROE: | 28.50% |
| ROCE: | 17.23% |
| EBITDA Margin: | 28.24% |
| PAT Margin: | 9.67% |
| Debt to equity ratio: | 1.46 |
| Earning Per Share (EPS): | ₹6.21 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.97% |
| Net Asset Value (NAV): | ₹25.06 |
Peer Comparison & Valuation
| Company | EPS (₹) | RoNW (%) | NAV (₹) | P/E* |
|---|---|---|---|---|
| Suntech Infra | 6.21 | 23.97% | 25.06 | [TBD] |
| Crown Lifters Ltd | 5.28 | 15.27% | 32.15 | 40.31 |
| ITD Cementation India Ltd | 15.93 | 18.33% | 86.95 | 20.97 |
- Industry Avg P/E: ~30.64
- Valuation not yet finalized, but a P/E > 30 may be aggressive given company scale
Objects of the Issue
- Fresh Issue: 44,50,000 equity shares.
- OFS (Offer for Sale): 10,50,000 equity shares by promoter Gaurav Gupta. Company receives no proceeds from OFS.
- Use of Fresh Issue Proceeds:
- Working capital needs.
- Capex towards purchase of construction equipment.
- General corporate purposes
Risk Factors Suntech Infra Solutions IPO
- Heavy dependence on a few clients: Top 10 clients account for 81–84% of revenue.
- Labour law exposure and potential for industrial disruptions.
- No long-term contracts with suppliers/customers – revenue volatility risk.
- Negative operating cash flows in FY24.
- Use of IPO proceeds is based on internal estimates, not appraised by independent agencies.
- Ongoing legal proceedings (labour-related) against the company and promoter
Red Flags Suntech Infra Solutions IPO
- 🔴 Sudden Profit Spike: 60% YoY PAT jump in FY23 & FY24.
- 🔴 Negative OCF in FY24 despite rising PAT.
- 🔴 High OFS Component: 10.5 lakh shares out of 55 lakh (19%).
- 🔴 Legal Proceedings: 3 criminal cases, 2 civil litigations, 7 tax cases against company/promoter
- ⚠ High Client Concentration: Over 80% from top 10 clients.
Summary Verdict Of Suntech Infra Solutions IPO
Strengths:
- Strong PAT growth and return ratios
- High infra sector exposure
- Asset-backed business model
Concerns:
- Cash flow mismatch
- Legal entanglements
- High dependency on few clients
- Profit spike before IPO & high OFS
🔎 Recommendation: Exercise caution. Valuation must be conservative. Await final price and updated RHP.
Suntech Infra Solutions IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Company Address
Suntech Infra Solutions Limited
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/
Suntech Infra Solutions IPO FAQs
When Suntech Infra Solutions IPO will open for subscription?
The IPO is to open on June 25, 2025 for QIB, NII, and Retail Investors. The IPO will close on June 27, 2025
What is Suntech Infra Solutions IPO Issue Size?
Suntech Infra Solutions IPO issue size is ₹42.16 crores.
What is Suntech Infra Solutions IPO Price Band?
Suntech Infra Solutions IPO Price Band is ₹81 to ₹86.
What is Suntech Infra Solutions IPO Lot Size?
The minimum bid is 1600 Shares with ₹1,37,600 amount.
What is the Suntech Infra Solutions IPO Allotment Date?
Suntech Infra Solutions IPO allotment date is June 30, 2025.
What is the Suntech Infra Solutions IPO Listing Date?
Suntech Infra Solutions IPO listing date is July 2, 2025. The IPO is to list on NSE.
What does Suntech Infra Solutions Limited do?
Suntech Infra is a civil construction and equipment rental company offering services like foundation and structural works for infrastructure projects (e.g., power, oil & gas, refineries, roads, bridges, metro). It also rents out heavy construction equipment such as piling rigs and boom placers.
What is the size and structure of Suntech Infra’s IPO?
The IPO consists of 55,00,000 equity shares:
- Fresh Issue: 44,50,000 shares
- Offer for Sale (OFS): 10,50,000 shares by promoter Mr. Gaurav Gupta
What is the strength of Suntech Infra’s client base?
The company works with both public and private clients across sectors. However, over 80% of its revenue in FY22–24 came from top 10 clients, indicating high client concentration risk.
Is there any concern with cash flows in recent years?
Yes. Despite increasing net profit, the company had negative operating cash flow in FY24 (₹ -167.01 Lakhs), mainly due to rising receivables and liabilities.
Who are the promoters of Suntech Infra?
- Mr. Gaurav Gupta (CMD & Selling Shareholder)
- Mr. Parveen Kumar Gupta
- Mrs. Shikha Gupta
Where will Suntech Infra shares be listed?
The shares will be listed on the NSE EMERGE platform, which is the SME (Small and Medium Enterprises) exchange of the National Stock Exchange.