Suntech Infra Solutions made a strong debut on the NSE SME platform, opening at Rs109.10, which represents a 26.86% premium over its initial public offer (IPO) price of Rs86. However, the stock later declined to Rs103.65 and was locked at the 5% lower circuit from the listing price. Despite this pullback, it still traded at a 20.52% premium compared to the issue price.
The stock touched an intraday high of Rs110 and a low of Rs103.65. Trading activity was brisk, with approximately 12.64 lakh shares changing hands on the exchange.
The company’s IPO witnessed strong investor response, being subscribed 208 times. The public offer opened for bidding on June 25, 2025, and closed on June 27, 2025. The price band was set in the range of Rs81 to Rs86 per equity share, with allotments finalized at the upper end.
The IPO consisted of 51,61,600 equity shares, including a fresh issue of up to 39,74,400 shares and an offer for sale (OFS) of up to 11,87,200 shares by existing shareholders.
Suntech Infra Solutions plans to utilize the net proceeds from the fresh issue to fund its working capital requirements, acquire construction equipment to support its civil construction business, and for general corporate purposes.
Ahead of the IPO opening, the company raised Rs12.63 crore from anchor investors on June 24, 2025. A total of 14.68 lakh equity shares were allotted at Rs86 per share to seven anchor investors.
Suntech Infra Solutions is engaged in the business of civil construction services, offering a range of solutions including piling, foundation works, structural construction, and construction equipment rentals. The company caters to clients across both public and private sectors. Its clientele spans several industries including power, oil & gas, steel, cement, renewable energy, petrochemicals, fertilizers, and industrial process plants. Additionally, it has worked on urban and rural infrastructure projects such as bridges, metro systems, and irrigation facilities.
As of December 31, 2024, Suntech Infra Solutions had a workforce of 576 employees. For the same period, the company reported revenue from operations of Rs89.72 crore and a net profit of Rs10.28 crore, reflecting healthy financial performance in its core business.
