Suntech infra iPO: Suspense has once again knocked in the IPO world. This time it is the turn of Suntech Infra Solutions Limited, which has made such a blast on the subscription front that the figures themselves are shocked. After a record-breaking subscription of 223.64 times, now it is to be listed on July 2, and every retail investor has only one question in mind-is it really going to look like “lottery”?
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There was competition in IPO subscription: Trust from every category (Suntech infra iPO)
- Retail Investors: Subscribe more than 150 times
- Nii (hNI): More than 529 times
- QIB (Qualified Institutional Buyers): Around 123 times booking
- Total subscription: 223.64 times
That is, as soon as the IPO opened, investors reacted strongly and there was a flood of expectations from every category.
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GMP is giving a gesture of listing day bumper profit (Suntech infra iPO)
- Gray Market Premium (Gmp): ₹ 33
- Issue Price Band: ₹ 81 – ₹ 86
- Estimated listing price: ₹ 119
- Benefit percentage: About 38.3%
GMP has been stable at ₹ 33 for the last four days, which is expecting investors for strong listing gains. But remember – Gmp is a signal, not guarantee.
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IPO structure and business model (Suntech infra iPO)
- Issu Size: ₹ 44.39 Crore
- Fresh Issue: ₹ 34.18 crore (39.74 lakh shares)
- Offer for sale (ofs): ₹ 10.21 crore (11.87 lakh shares)
Company Profile (Suntech infra iPO)
Suntech Infra Solutions Limited is a B2B Civil Construction Service Provider. This company serves in electricity, oil and gas, cement, steel, refinery and infrastructure areas.
Major clients: Bharat Mandapam, Indian Oil (IOCL), UltraTech, Unity Group
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Financials: FY24 raised hopes (Suntech infra iPO)
| Financial parameter | FY24 | FY23 |
|---|---|---|
| Revenue | ₹ 96.25 Crore | ₹ 66.85 Crore |
| Net Profit (PAT) | ₹ 9.25 Crore | ₹ 5.76 Crore |
| Ebitda margin | 28.28% | , |
| Pat margin | 9.67% | , |
| RO (Return on Equity) | 28.50% | , |
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Where will the fund use (Suntech infra iPO)
- Working Capital Need: ₹ 12.21 Crore
- Purchase of construction equipment: ₹ 12.51 Crore
- Corporate Requirements: Remaining amount
Is this iPO really “lottery” (Suntech infra iPO)
The current status of the market, the GMP trends and the company’s strong financial positions are indicating that the listing of Suntech Infra may be bumper. But it is also true that the stock market is full of uncertainties, and the results on Listing Day can go both sides.
