Monika Alcobev IPO Subscribed 4.08x on Day 3 Amid Strong NII Demand
Suntech Infra Solutions IPO Subscription Status – Day 3 Subscribed 223.64 Times

Suntech Infra Solutions' initial public offering (IPO) has demonstrated extraordinary investor demand through its third and final day of subscription, with Suntech Infra Solutions' stock price set at ₹86 per share and Suntech Infra Solutions' share price reflecting exceptional market reception. The ₹44.39 crore IPO has witnessed remarkable progress, with subscription rates opening at 4.87 times on day one, improving to 19.50 times on day two, and surging spectacularly to 223.64 times by 5:34:59 PM on day three, indicating exceptional investor interest in this business-to-business construction company incorporated in April 2009.
Suntech Infra Solutions IPO non-institutional investors segment leads with a phenomenal 529.51 times subscription, whilst retail investors demonstrate exceptional participation at 150.10 times and qualified institutional buyers show strong interest at 122.82 times, reflecting tremendous investor confidence in this company with specialised civil construction services.
Suntech Infra Solutions IPO subscription reached an exceptional 223.64 times on day three, led by NII (529.51x), Retail (150.10x), and QIB (122.82x). Total applications reached 1,72,250.

Subscription Status of Suntech Infra Solutions IPO:
Date | QIB | NII | Retail | Total |
Day 1 (June 25) | 0.59 | 3.62 | 7.84 | 4.87 |
Day 2 (June 26) | 6.15 | 12.92 | 29.94 | 19.50 |
Day 3 (June 27) | 122.82 | 529.51 | 150.10 | 223.64 |
Here are the subscription details for Suntech Infra Solutions IPO as of Day 3 (June 27, 2025, 5:34:59 PM):
Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) | Total Application |
Anchor Investors | 1.00 | 14,68,800 | 14,68,800 | 12.63 | - |
Market Maker | 1.00 | 2,59,200 | 2,59,200 | 2.23 | - |
Qualified Institutions | 122.82 | 9,80,800 | 12,04,59,200 | 1,035.95 | 74 |
Non-Institutional Buyers | 529.51 | 7,36,000 | 38,97,21,600 | 3,351.61 | 11,115 |
Retail Investors | 150.10 | 17,16,800 | 25,76,97,600 | 2,216.20 | 1,61,061 |
Total | 223.64 | 34,33,600 | 76,78,78,400 | 6,603.75 | 1,72,250 |
Key Highlights - Day 3:
- Overall subscription reaching an exceptional 223.64 times, a massive surge from day two's 19.50 times
- NII segment leading with phenomenal demand at 529.51 times, a dramatic increase from day two's 12.92 times
- Retail segment demonstrating exceptional participation at 150.10 times, a significant jump from day two's 29.94 times
- QIB segment showing strong interest at 122.82 times, a substantial increase from day two's 6.15 times
- The final day witnessed exceptional participation across all investor categories, with overwhelming NII response driving overall subscription
- Total applications reached 1,72,250, indicating massive investor participation for this SME IPO
- The cumulative bid amount reached ₹6,603.75 crores against the issue size of ₹44.39 crores
Suntech Infra Solutions IPO - Day 2 Subscription at 19.50 Times
Key Highlights - Day 2:
- Overall subscription is improving dramatically to 19.50 times from day one's 4.87 times
- Retail segment showing strong growth at 29.94 times, building momentum from day one's 7.84 times
- NII segment demonstrating solid participation at 12.92 times, an increase from day one's 3.62 times
- QIB segment showing significant growth at 6.15 times, building from day one's 0.59 times
Suntech Infra Solutions IPO - Day 1 Subscription at 4.87 Times
Key Highlights - Day 1:
- Overall subscription opening positively at 4.87 times, showing encouraging initial investor interest
- Retail segment leading early participation at 7.84 times, indicating strong individual investor confidence
- NII segment demonstrating solid early interest at 3.62 times, reflecting positive high-net-worth participation
- QIB segment showing cautious participation at 0.59 times, indicating measured institutional sentiment
About Suntech Infra Solutions Limited
Incorporated in April 2009, Suntech Infra Solutions Limited is a business-to-business (B2B) construction company providing Civil Construction Services, including Foundation and Structural Works, through direct contracting, subcontracting, and equipment rental. The company serves public and private clients, providing solutions in Power, Oil & Gas, Steel, Cement, Renewable Energy, Refineries, Petrochemical, Fertiliser, and Process Plants, whilst also contributing to urban and rural infrastructure, including bridges and irrigation systems. As of July 31, 2024, the company has 6 ongoing projects valued at ₹18,637.19 lakhs and an Order Book for Construction Equipment Renting worth approximately ₹1,092.70 lakhs.
Financial performance shows mixed trends with revenue declining slightly from ₹96.25 crores in FY2024 to ₹91.25 crores in nine months ended December 2024 (annualised), whilst profit after tax improved from ₹9.25 crores to ₹10.28 crores during the same period. The company maintains strong profitability metrics with 28.50% ROE, 17.23% ROCE, 9.67% PAT margin, 28.28% EBITDA margin, operates with a higher debt-to-equity ratio of 1.46, and has a market capitalisation of ₹166.52 crores..
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