Latest news with #SuntechInfraSolutions
News18
2 days ago
- Business
- News18
Sambhv Steel Tubes IPO Allotment Date: GMP Rises Ahead of Listing, Check Subscription Status
Last Updated: The GMP of the Suntech Infra Solutions IPO is 17.07% today; its allotment is scheduled to be finalised on Monday, June 30. Sambhv Steel Tubes IPO Allotment Date: The Sambhv Steel Tubes IPO has received a strong 30.33x subscription on the final day of bidding on Friday, amid a decent GMP. Its grey market premium of 17.07% signals decent listing gains for investors. However, brokerage reports have recommended the company for the long-term play due to its fully backward integration. As the issue has closed, investors are awaiting its allotment. The allotment of the Sambhv Steel Tubes IPO is scheduled to be finalised on Monday, June 30. Sambhv Steel Tubes IPO: A Step-By-Step Guide To Check Allotment Status Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening on June 30. They can also check their allotment status on the websites of the NSE as well as registrar Kfin Technologies. The allotment status can be checked by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Sambhv Steel Tubes Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. and check the Sambhv Steel Tubes IPO allotment status. The allotment status can also be checked on the NSE's website at According to market observers, the GMP of the Suntech Infra Solutions IPO has increased to 17.07% currently. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Sambhv Steel Tubes IPO Listing Date The listing of Sambhv Steel Tubes Ltd's shares will take place on Wednesday, July 2, on both BSE and NSE. Sambhv Steel Tubes IPO: More Info The IPO consists of a fresh issue of equity shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore by the company's promoter and promoter group shareholders. It was open for public subscription between June 25 and June 27. On the final day of bidding on Friday, the Sambhv Steel Tubes IPO received a 30.33 times subscription, garnering bids for 1,40,13,19,920 shares as against the 6,58,69,293 shares on offer. The retail and NII participation stood at 8.56 times and 33.88 times, respectively. Its qualified institutional buyer (QIB) category got a 66.36 times subscription. The price band was fixed at Rs 77 to Rs 82 per equity share of face value Rs 10 each. Most brokerage firms gave 'subscribe' recommendations to the IPO, with most advising investors to take a long-term view due to Sambhv Steel's backward integration, new capacity ramp-up, and strong product portfolio. They added that growth prospects and debt reduction post IPO offer a compelling long-term case. As per the RHP, Sambhv Steel intends to use the net proceeds from the fresh issue primarily for pre-payment or scheduled repayment of certain outstanding borrowings, and the remaining amount will go towards general corporate purposes. Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
News18
2 days ago
- Business
- News18
Suntech Infra Solutions IPO Allotment Date: GMP Remains Strong Amid Overwhelming Subscription
Last Updated: The GMP of the Suntech Infra Solutions IPO is 38.37% today. Suntech Infra Solutions IPO Allotment Date: The Suntech Infra Solutions IPO has received a whopping 223.64x subscription on the final day of bidding on Friday, amid strong GMP. Its grey market premium of 38.37% signals huge listing gains for investors. As the issue has closed, investors are awaiting its allotment. Suntech Infra Solutions IPO Allotment Date The allotment of the Suntech Infra Solutions IPO is scheduled to be finalised on Monday, June 30. Suntech Infra Solutions IPO: A Step-By-Step Guide To Check Allotment Status Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening on June 30. They can also check their allotment status on the websites of the NSE as well as registrar Mas Services Ltd. The allotment status can be checked by following these steps: Step 1: Visit Mas Services Ltd's portal — Step 2: Under 'Select Company', choose 'Suntech Infra Solutions Ltd'. Step 4: Hit 'Submit' button. Your allotment status will appear on the display. According to market observers, the GMP of the Suntech Infra Solutions IPO is 38.37% today. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The listing of Suntech Infra Solutions Ltd's shares on the NSE Emerge will take place 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. It was open for public subscription between June 25 and June 27. On the final day of bidding on Friday, the Rs 44.4-crore NSE SME IPO received a 223.64 times subscription, garnering bids for 76,78,78,400 shares as against the 34,33,600 shares on offer. The retail and NII participation stood at 150.10 times and 529.51 times, respectively. Its qualified institutional buyer (QIB) category got a 122.82 times subscription. The price of the IPO was fixed at Rs 86 per share. 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. 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. First Published: June 28, 2025, 09:11 IST News business » ipo Suntech Infra Solutions IPO Allotment Date: GMP Remains Strong Amid Overwhelming Subscription
News18
2 days ago
- Business
- News18
Suntech Infra Solutions IPO GMP Rises: Issue Receives 223.64x Subscription, Retail Gets 150.1x
Last Updated: The GMP of the Suntech Infra Solutions IPO is a whopping 38.37% today, indicating strong listing gains for investors. Suntech Infra Solutions IPO Day 3 Subscription Status, GMP Today: The Suntech Infra Solutions IPO has been closed today, Friday, June 27. The IPO, whose price was fixed at Rs 86 per share, has received an overwhelming response from investors along with a strong GMP. Till 5:00 pm on the final day of bidding on Friday, the Rs 44.4-crore NSE SME IPO received a 223.64 times subscription, garnering bids for 76,78,78,400 shares as against the 34,33,600 shares on offer. The retail and NII participation stood at 150.10 times and 529.51 times, respectively. Its qualified institutional buyer (QIB) category got a 122.82 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 38.37% today. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. 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. 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. 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.
Economic Times
4 days ago
- Business
- Economic Times
Suntech Infra Solutions IPO subscribed 8 times on day 2 so far, GMP at 22%. Check key dates, other details
Live Events Company Snapshot Suntech Infra Solutions IPO objectives The net proceeds from the IPO will be used to: Meet working capital requirements (Rs 12.21 crore), Fund the purchase of new construction equipment (Rs 12.51 crore), Support general corporate purposes. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of Suntech Infra Solutions, which opened for subscription on Wednesday, has witnessed an overall subscription of 8.07 times so far on the second day of the bidding. Shares of the company are trading at an impressive grey market premium (GMP) of 22% or Rs 19-21 in the unlisted of noon today, the retail participants had made 15,906 applications for 2.54 crore shares of the company, while the non-institutional investors (NIIs) had made 811 applications for 48.56 lakh qualified institutional buyers (QIBs) had made just one application for a total of 5.82 lakh Suntech Infra Solutions IPO will close on June 27, with share allotment expected by June 30. Shares of the company are slated to debut on the NSE SME platform on July price band for the IPO has been set between Rs 81 and Rs 86 apiece, with investors required to apply for a minimum lot size of 1,600 Capital Advisors is acting as the book-running lead manager, while Mas Services Limited serves as the registrar. Giriraj Stock Broking is the market maker for the in 2009, Suntech Infra Solutions provides a comprehensive suite of civil construction services, including foundation and structural work. The company serves both public and private sector clients across industries such as power, oil & gas, cement, steel, refineries, and currently has six active projects with a total value exceeding Rs 186 crore, alongside an equipment rental order book worth Rs 10.92 crore. It owns an extensive range of modern construction machinery, including piling rigs, diaphragm wall grabs, boom placers, and cranes. Notable clients include Bharat Mandapam, Indian Oil Corporation (IOCL), Ultratech Cement , and the Unity highlights of Suntech Infra SolutionsThe company has demonstrated consistent financial growth. In FY24, it reported revenue of Rs 96.25 crore and a profit after tax (PAT) of Rs 9.25 crore, compared to Rs 5.76 crore in FY23. The EBITDA margin improved to 28.28%, while the PAT margin stood at 9.67%. The company also posted a robust Return on Equity (ROE) of 28.50% for FY24.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
4 days ago
- Business
- Time of India
Suntech Infra Solutions IPO subscribed 8 times on day 2 so far, GMP at 22%. Check key dates, other details
The initial public offering (IPO) of Suntech Infra Solutions, which opened for subscription on Wednesday, has witnessed an overall subscription of 8.07 times so far on the second day of the bidding. Shares of the company are trading at an impressive grey market premium (GMP) of 22% or Rs 19-21 in the unlisted market. As of noon today, the retail participants had made 15,906 applications for 2.54 crore shares of the company, while the non-institutional investors (NIIs) had made 811 applications for 48.56 lakh shares. The qualified institutional buyers (QIBs) had made just one application for a total of 5.82 lakh shares. The Suntech Infra Solutions IPO will close on June 27, with share allotment expected by June 30. Shares of the company are slated to debut on the NSE SME platform on July 2. The price band for the IPO has been set between Rs 81 and Rs 86 apiece, with investors required to apply for a minimum lot size of 1,600 shares. Live Events GYR Capital Advisors is acting as the book-running lead manager, while Mas Services Limited serves as the registrar. Giriraj Stock Broking is the market maker for the issue. Company Snapshot Founded in 2009, Suntech Infra Solutions provides a comprehensive suite of civil construction services, including foundation and structural work. The company serves both public and private sector clients across industries such as power, oil & gas, cement, steel, refineries, and infrastructure. Suntech currently has six active projects with a total value exceeding Rs 186 crore, alongside an equipment rental order book worth Rs 10.92 crore. It owns an extensive range of modern construction machinery, including piling rigs, diaphragm wall grabs, boom placers, and cranes. Notable clients include Bharat Mandapam, Indian Oil Corporation (IOCL), Ultratech Cement , and the Unity Group. Financial highlights of Suntech Infra Solutions The company has demonstrated consistent financial growth. In FY24, it reported revenue of Rs 96.25 crore and a profit after tax (PAT) of Rs 9.25 crore, compared to Rs 5.76 crore in FY23. The EBITDA margin improved to 28.28%, while the PAT margin stood at 9.67%. The company also posted a robust Return on Equity (ROE) of 28.50% for FY24. Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? Suntech Infra Solutions IPO objectives The net proceeds from the IPO will be used to: Meet working capital requirements (Rs 12.21 crore), Fund the purchase of new construction equipment (Rs 12.51 crore), Support general corporate purposes. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
