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Suntech Infra Solutions IPO Allotment Date: GMP Remains Strong Amid Overwhelming Subscription
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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
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