IPO GMP: Investors May Hit Jackpot With This IPO, Strong GMP Signals Big Listing For Suntech Infra
Suntech Infra Solutions IPO received huge investor interest with 223.64 times subscription. The strong grey market premium hints at a big listing on July 2. Investors are hopeful for high returns, though GMP trends may change anytime.
Huge Buzz Around Suntech Infra IPO. |
Mumbai: Suntech Infra Solutions Limited's IPO created a lot of excitement among investors. It received a massive 223.64 times subscription. Every investor category showed strong interest.
Retail category: Subscribed over 150 times
NII category: Subscribed over 529 times
QIB category: Subscribed nearly 123 times
Listing on July 2, Investors Expecting Big Gains
The shares of Suntech Infra Solutions will be listed on the BSE SME platform on July 2. The share allotment process is in its final stage. Investors who got the shares are expecting good profits.
And why not? The grey market premium (GMP) is giving a strong signal.
IPO Price and GMP Signal Profit
The IPO price band was set between Rs 81 and Rs 86 per share.
As per market experts, the GMP is Rs 33, which is 38.3 percent higher than the upper price of Rs 86.
Based on this, the expected listing price of the stock could be around Rs 119. This means investors may see a good return on the listing day. But remember, GMP is just an estimate and can change quickly.
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GMP Holding Strong Since Day Two
The GMP has stayed at Rs 33 since the second day of the IPO opening. This strong and steady GMP has raised investor hopes even more.
IPO Details and Business Model
The total size of the Suntech Infra IPO is Rs 44.39 crore.
Fresh Issue: Rs 34.18 crore (39.74 lakh shares)
Offer for Sale (OFS): Rs 10.21 crore (11.87 lakh shares)
Suntech Infra is a B2B civil construction service provider. It works in sectors like power, oil & gas, cement, steel, refineries, and infrastructure.
Some of its key clients include:
- Bharat Mandapam
- IOCL
- Ultratech Cement
- Unity Group
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Strong Financial Performance in FY24
In FY 2023–24, Suntech Infra reported:
Revenue: Rs 96.25 crore
Net Profit: Rs 9.25 crore (up from Rs 5.76 crore in FY23)
EBITDA Margin: 28.28 percent
PAT Margin: 9.67 percent
Return on Equity (ROE): 28.50 percent
Use of IPO Funds
The company will use the funds for:
Working capital: Rs 12.21 crore
Buying new construction equipment: Rs 12.51 crore
General corporate needs
The IPO response and GMP trend suggest a promising listing for Suntech Infra.
(Disclaimer: This information is for awareness only. Investments in the stock market carry risks. Always consult a financial advisor before investing.)
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