- June 27, 2025
Suntech Infra Solutions IPO GMP: Issue Receives 30.8x Subscription So Far, Closes Today
Last Updated:
The GMP of the Suntech Infra Solutions IPO is a whopping 34.88% today, indicating strong listing gains for investors.
Suntech Infra Solutions IPO: Check GMP and subscription status.
Suntech Infra Solutions IPO Day 3 Subscription Status, GMP Today: The Suntech Infra Solutions IPO is going to be closed at 5:00 pm today, Friday, June 27. The IPO, whose price has been fixed at Rs 86 per share, has received an overwhelming response from investors along with a strong GMP. Till 10:44 pm on the final day of bidding on Friday, the Rs 44.4-crore NSE SME IPO received a 30.83 times subscription, garnering bids for 10,58,64,000 shares as against the 34,33,600 shares on offer.
The retail and NII participation stood at 44.19 times and 32.57 times, respectively. Its qualified institutional buyer (QIB) category got a 6.15 times subscription.
The IPO is a fresh issue of Rs 34.18 crore and an offer for sale (OFS) of Rs 10.21 crore.
It received a 4.87x subscription on Day 1 and a 19.50x subscription on Day 2.
Suntech Infra Solutions IPO GMP Today
According to market observers, the GMP of the Suntech Infra Solutions IPO is 34.88% today.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Suntech Infra Solutions IPO Allotment And Listing Date
The company’s IPO will be closed today, June 27. Its allotment will take place on June 30, while shares will be listed on the NSE Emerge on July 2.
Suntech Infra Solutions IPO: More Info
The Suntech Infra Solutions IPO is a book-built issue worth Rs 44.39 crore, comprising a fresh issue of 39.74 lakh equity shares totalling Rs 34.18 crore and an offer for sale of 11.87 lakh shares amounting to Rs 10.21 crore.
Also Read: HDB Financial IPO Gets 1.47x Subscription: Should You Apply? Check Subscription Status, GMP
The IPO price has been fixed at Rs 86 per share. Retail investors need to apply for a minimum of one lot (1,600 shares), which requires an investment of Rs 1,29,600. However, due to the possibility of oversubscription, investors are advised to bid at the cutoff price, increasing the investment to around Rs 1,37,600. For HNI investors, the minimum application size is two lots (3,200 shares) amounting to Rs 2,75,200.
GYR Capital Advisors Private Limited is the lead manager for the issue, Mas Services Limited is the registrar, and Giriraj Stock Broking Private Limited is acting as the market maker.
About Suntech Infra Solutions Limited
Founded in April 2009, Suntech Infra Solutions Limited (SISL) is a B2B construction firm offering civil construction services such as foundation and structural works. These services are provided through direct contracts, subcontracts, and equipment rentals.
The company caters to both government and private sector clients across industries including power, oil & gas, steel, cement, renewables, refineries, petrochemicals, fertilisers, and process plants. It also undertakes infrastructure projects like bridges and irrigation systems in both rural and urban areas.
As of July 31, 2024, SISL had six active projects worth Rs 186.37 crore, supported by Letters of Allocation and Purchase Orders. As of December 31, 2024, the company’s order book stood at over Rs 47 crore.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
- First Published:
