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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹44.39 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹44.39 Cr |
| Fresh Issue | ₹31.95 Cr |
| Offer for Sale | ₹10.21 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹81.00-86.00 per share |
| NSE Code | SUNTECH |
| Registrar | MAS Services Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in April 2009, Suntech Infra Solutions Limited is a business-to-business (“ B2B”) construction company. The Company provides Civil Construction Services, including Foundation and Structural Works, through direct contracting, sub-contracting, and equipment rental.
The company served public and private clients, providing solutions in Power, Oil & Gas, Steel, Cement, Renewable Energy, Refineries, Petrochemical, Fertilizer, and Process Plants. They also contribute to urban and rural infrastructure, including bridges and irrigation systems.
As of July 31, 2024, the company has 06 ongoing projects valued at ₹ 18,637.19 Lakhs, confirmed by Letters of Allocation and a Purchase Order.
Additionally, it has an Order Book for Construction Equipment Renting worth about ₹ 1,092.70 Lakhs.
The company sells its products in Delhi, Bihar, Gujarat, Orissa, Rajasthan etc.
The company has a large fleet of modern construction equipment, including Hydraulic Rotary Piling Rigs, Diaphragm Wall Grabs, Concrete Boom Placers, Crawler Cranes, and Vibro Hammers.
The company has served key industry players such as Bharat Mandapam, ITPO, Delhi; IOCL Refinery Expansion at Barauni & Barmer; Ultratech Cement Plant at Kotputli, Rajasthan; and Highrise Building foundation for UNTIY Group, Etc.
As of March 31, 2024, The company has around 462 full-time employees and employs 200 to 220 casual workers based on project needs.
Competitive Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 12.21 |
| 2 | Funding of capital expenditure requirements of the company towards purchase of Construction Equipments for civil construction business | 12.51 |
| 3 | General Corporate Purposes | 5.03 |
| 4 | Issue Expenses | 4.53 |
| Total | 34.28 |
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 164.30 | 120.28 | 100.38 | 77.93 |
| Total Income | 91.25 | 96.25 | 86.19 | 72.32 |
| Profit After Tax | 10.28 | 9.25 | 5.76 | 3.02 |
| EBITDA | 29.57 | 27.22 | 19.99 | 13.47 |
| NET Worth | 48.84 | 38.56 | 26.32 | 20.56 |
| Reserves and Surplus | 33.45 | 36.00 | 23.90 | 18.15 |
| Total Borrowing | 79.93 | 56.38 | 33.38 | 34.25 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 28.50% |
| ROCE | 17.23% |
| Debt / Equity | 1.46% |
| RoNW | 23.97% |
| PAT Margin | 9.67% |
| EBITDA Margin | 28.28% |
| Price to Book Value | 3.43 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.01 | 7.08 |
| P/E (x) | 14.31 | 12.15 |
| Promoter Holding | 94.17% | 68.71% |
| Market Cap | ₹166.52 Cr. | |
