Suntech Infra Solutions IPO Upcoming
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Schedule of Suntech Infra Solutions
| Issue open date | 25 Jun 2025 |
| Issue close date | 27 Jun 2025 |
| UPI mandate deadline | 27 Jun 2025 (5 PM) |
| Allotment finalization | 30 Jun 2025 |
| Refund initiation | 01 Jul 2025 |
| Share credit | 01 Jul 2025 |
| Listing date | 02 Jul 2025 |
| Mandate end date | 12 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 30 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 28 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Suntech Infra Solutions
Suntech Infra Solutions Limited, incorporated in 2009 and converted into a public limited company in 2024, is engaged in civil construction services and equipment rentals. The company undertakes foundation and structural work on both direct and sub-contracting bases, and provides construction equipment on hire.
It caters to both public and private sector clients across industries including power, oil & gas, steel, cement, renewable energy, refineries, petrochemicals, fertilizers, and process plants. It is also involved in infrastructure projects such as bridges, metros, and irrigation systems. As of May 31, 2025, Suntech is executing 8 ongoing construction projects valued at approximately ₹317 crore, and has an equipment rental order book of around ₹4.76 crore.
Operations span multiple Indian states, including Delhi, Bihar, Gujarat, Odisha, and Rajasthan. The company employs over 570 full-time staff and engages additional contract labour based on project needs. It owns a fleet of construction machinery such as hydraulic piling rigs, cranes, boom placers, and batching plants. Suntech is certified under ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), and ISO 45001:2018 (Health & Safety).
Financials of Suntech Infra Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹42.16 crores |
| Fresh Issue | ₹31.95 crores |
| Offer for sale | ₹10.21 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding working capital requirements of the company | 12.21 (38.22%) |
| Funding of capital expenditure requirements of the company towards purchase of construction equipment for civil construction business | 12.51 (38.22%) |
| General corporate purposes | Not above 25% |
Strengths
- Proven track record of timely project execution backed by skilled teams and efficient planning.
- Strong order book of ₹8,799.12 lakh as of Dec 31, 2024, indicating healthy demand and revenue visibility.
- Owns a diverse fleet of construction equipment, enabling timely, cost-effective project execution and equipment rental services to industry clients.
- Led by an experienced promoter with strong managerial support, enabling effective operations.
- Long-standing client relationships enable repeat business and strong industry goodwill.
Flexible, project-based pricing with milestone-linked payments and limited advance against bank guarantees.
Risks
- Working capital-intensive operations may strain liquidity and impact business continuity.
- The Registered Office and Yard are on leased premises from Promoters, and any disruption or non-renewal could impact operations and increase costs.
- Heavy reliance on civil foundation work exposes the company to segment-specific risks.
- Negative cash flows in some years raise concerns about liquidity and stability.
- Top 10 clients contributed over 80% of revenue in recent years; loss of any may materially impact financials.
- Top 10 suppliers contribute 44%–65% of purchases; disruptions may impact operations.
- High dependence on owned equipment like hydraulic piling rigs, cranes, and boom placers increases fixed costs and risks from breakdowns or obsolescence.
Allotment Status for Suntech Infra Solutions
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