The initial public offering (IPO) of Suntech Infra Solutions was subscribed 223.64 times on the third and final day of bidding. It received bids for 76,78,78,400 shares against 34,33,600 offered.
The Qualified Institutional Buyers subscribed their category 122.82 times. Non-Institutional Investors subscribed the offer 529.51 times. Retail investors subscribed to their quota 150.1 times.
The price band for the IPO was set between Rs 81 and Rs 86 apiece.
The IPO was a book-building issue worth Rs 44.39 crore. It comprised a fresh issue of 39.74 lakh shares worth Rs 34.18 crore and an offer-for-sale (OFS) of 11.87 lakh shares worth Rs 10.21 crore.
Share allotment for the IPO will be finalised on June 30. The IPO listing has been tentatively scheduled for July 2. Shares of the company will be listed on the NSE SME platform.
The company is in the B2B construction business. It has proposed to use proceeds from the IPO to fund working capital requirements, purchase equipment and for general corporate purposes.
Investors who bid for shares in the IPO can check the allotment status on the websites of NSE and Mas Services.
Steps to Check Suntech Infra Solutions IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select 'Equity & SME IPO bid details'.
Select the company symbol “SUNTECH” from the dropdown list for issue symbols.
Enter PAN details and Application Number.
Click on the “Submit” button to check the share allotment details.
Steps to Check Suntech Infra Solutions IPO Allotment Status On Mas Services
Visit the website of Mas Services here: https://www.masserv.com/index.asp
Click on the "IPO Allotment Status" option displayed on the page. The IPO name will be displayed on the screen only after the share allocation is finalised.
Choose one of the following options: Search on DP_ID/Client ID or search on PAN.
Enter the required details.
Click on the "Search" button. Your IPO allotment status will be displayed on the screen.
Suntech Infra Solutions IPO GMP Today
According to InvestorGain, the latest grey market premium (GMP) for the Suntech Infra Solutions IPO stood at Rs 33 on June 30. It indicates a listing price of Rs 119 apiece at a premium of 38.37% per share.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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