Suntech Infra Solutions IPO

Suntech Infra Solutions Ltd

₹1,29,600 /1600 sharesMinimum Investment

Suntech Infra Solutions IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹86.00₹109.10₹23.10 (26.86%)

Suntech Infra Solutions IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
25 Jun ‘25 - 27 Jun ‘25₹1,29,6001,600₹81 - ₹86
Issue SizeIPO Doc
44.39Cr
RHP PDF

Subscription rate

As of 27 Jun'25, 04:00 PM
Qualified Institutional Buyers60.15x
Non-Institutional Investor175.20x
Retail Individual Investor95.11x
Total95.11x

About Suntech Infra Solutions

Suntech Infra Solutions Limited is a business-to-business (B2B) construction company engaged in providing civil construction services and construction equipment on a rental basis. The company undertakes civil foundation works, structural works, and project execution on both a direct contracting and a subcontracting basis. Its services cater to sectors such as power, oil and gas, steel, cement, refineries, petrochemicals, fertilisers, and renewable energy. It is also involved in infrastructure projects, including bridges, metros, and irrigation systems, and is venturing into port construction. Suntech also provides equipment for hire, including piling rigs, diaphragm wall grabs, boom placers, cranes, and batching plants. The company executes projects across states, including Delhi, Bihar, Gujarat, Odisha, and Rajasthan.;
Founded in
2009
Managing director
Mr Gaurav Gupta
Parent organisation
Suntech Infra Solutions Ltd

Strengths & Financials of Suntech Infra Solutions

Strengths
Risks
Suntech Infra Solutions claims to have executed complex civil construction projects such as the air traffic control (ATC) tower, Versace tower, and Pachpadra refinery, with typical project durations ranging from 6 to 17 months, depending on project type. The company further claims that its project management systems, design capabilities, and execution planning contribute to consistent on-time delivery, which enhances its technical evaluation score during tender processes.
As of July 31, 2024, the company reported six ongoing civil construction projects worth Rs 186.37 crore and an equipment rental order book worth Rs 10.93 crore.
The company claims to have a wide range of equipment, including piling rigs, cranes, and concrete boom placers.
Suntech Infra Solutions claims to have built long-term relationships with clients in sectors such as power, oil and gas, steel, cement, and renewable energy.
The company claims to consistently review and refine its material procurement policies, employee training, and equipment modernisation practices. It further states that this ongoing optimisation is aimed at improving operational efficiency and reducing execution bottlenecks.
The company claims to have a pricing structure based on project type, scope, duration, and equipment needs, with prices often set through direct negotiation with clients. Payments are typically structured with an advance of up to 10 percent against an advance bank guarantee (ABG), and periodic settlements thereafter, which the company claims supports effective cash flow management and transparent financial transactions.
The company holds ISO 9001:2015 certification for its quality management systems, ISO 14001:2015 certification for its environmental management systems, and ISO 45001:2018 certification for its health and safety management systems.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 71.67 crore in FY22 to Rs 85.67 crore in FY23 and Rs 95.59 crore in FY24. PAT increased from Rs 3.02 crore in FY22 to Rs 5.76 crore in FY23 and Rs 9.24 crore in FY24.
Suntech Infra Solutions operates in a working capital-intensive sector, with net working capital of Rs 31.32 crore as of FY24, a sharp increase from Rs 2.05 crore in FY23 and Rs 14.18 crore in FY22. Any insufficiency in cash flows to meet these working capital needs could adversely impact the company’s operations and financial performance.
A significant portion of the company’s revenue is derived from its civil foundation work. It accounted for 71.25 percent, 83.65 percent, and 85.49 percent of the company’s revenue in FY24, FY23, and FY22, respectively. Any adverse changes in demand, pricing, or regulatory conditions affecting this segment could significantly impact the company’s financial performance.
The company reported negative cash flow from operating activities amounting to Rs 1.67 crore in FY24. Additionally, negative cash flow from investing activities amounted to Rs 19.13 crore in FY24, Rs 26.51 crore in FY23, and Rs 11.97 crore in FY22. Furthermore, the company also reported negative cash flow from financing activities amounting to Rs 3.33 crore in FY23. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
A significant portion of the company’s revenue is derived from Bihar. It accounted for Rs 53.38 crore (55.73 percent) of the company’s revenue in FY24, Rs 54.78 crore (64.00 percent) in FY23, and Rs 4.10 crore (5.72 percent) in FY22. Any business or economic disruption in this region could severely impact the company’s business, operations, and financial condition.
The top 10 clients accounted for 81.45 percent, 84.35 percent, and 84.43 percent of the company’s revenue in FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
The top 10 suppliers accounted for 65 percent, 60 percent, and 18 percent of the company’s total purchases in FY24, FY23, and FY22, respectively. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company and its promoters are involved in certain legal proceedings, including criminal and tax-related matters. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of FY24, the company had trade receivables amounting to Rs 40.08 crore, a sharp increase from Rs 31.76 crore in FY23 and Rs 27.83 crore in FY22. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
As of FY24, the company had outstanding financial indebtedness amounting to Rs 56.38 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.

Suntech Infra Solutions Financials

*All values are in Rs. Cr
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Application Details of Suntech Infra Solutions IPO

Apply asPrice bandApply Range
Regular81 - 86₹2 - 5 Lakh
High Networth Individual81 - 86₹2 - 5 Lakh
For Suntech Infra Solutions IPO, eligible investors can apply as Regular.