The IPO allotment for Suntech Infra Solutions is expected to be finalized on June 30, 2025. The IPO which opened on June 25, 2025, and closed on June 27, 2025, witnessed overwhelming subscription from investors.
Subscription Status
The ₹44.39-crore NSE SME IPO was subscribed 223.64 times on its final day. The strong interest was reflected across investor categories. * Qualified Institutional Buyers (QIBs) subscribed 122.82 times their allocated quota. * Non-Institutional Investors (NIIs) showed even greater enthusiasm, subscribing 529.51 times their portion. * The retail category was booked 150.10 times. Overall, the company received bids for a staggering 76,78,78,400 shares against the 34,33,600 shares on offer. On day 2, the IPO was already subscribed 19.50 times, and on day 1, it was subscribed 4.87 times.
Grey Market Premium (GMP)
The grey market premium (GMP) for the Suntech Infra Solutions IPO has remained strong, indicating positive investor sentiment. According to investorgains.com, the GMP stood at ₹33 on June 27, 2025. This suggests that the IPO shares were trading at a ₹33 premium over the issue price of ₹86.
Based on this GMP, the listing price was expected to be around ₹119 per share, a premium of 38.37% compared to the upper end of the issue price band. Another source mentioned the GMP was ₹23 on June 27, 2025, which would indicate a listing price of ₹109, a ₹23 premium over the issue price of ₹86. It's important to note that GMP is speculative and not an official indicator of listing performance.
IPO Details
Suntech Infra Solutions' IPO was a book-building issue of ₹44.39 crore. The issue comprised a fresh issue of 39.74 lakh shares, worth ₹34.18 crore, and an offer-for-sale (OFS) of 11.87 lakh shares, amounting to ₹10.21 crore. The price band for the IPO was set between ₹81 and ₹86 per share. Retail investors were required to bid for a single lot size of 1,600 shares, amounting to an investment of ₹1,29,600.
Allotment and Listing
The allotment for the IPO is expected to be finalized on June 30, 2025. Successful bidders will receive shares in their demat accounts on July 1, 2025, and refunds for non-allottees will be processed on the same day. The shares of Suntech Infra Solutions are proposed to be listed on the NSE SME platform on July 2, 2025.
How to Check Allotment Status
Investors can check the Suntech Infra Solutions IPO allotment status on the website of the registrar, Mas Services Limited.
About Suntech Infra Solutions
Suntech Infra Solutions is a business-to-business (B2B) construction company that specializes in civil construction services such as civil foundation works and civil structural works. They also rent construction equipment. Their expertise includes piling and foundation work, earthworks, bridges and flyovers, and industrial and commercial structures. They operate in states including Delhi, Bihar, Gujarat, Orissa, and Rajasthan.
