Suntech Infra Solutions Ltd
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compliance@suntechinfra.com Website:https://suntechinfra.com
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Initial public offering upto 51,61,000 equity shares of Rs.10/- each ("equity shares") of Suntech Infra Solutions Limited ("suntech" or the "company") for cash at a price of Rs. 86/- per equity share (the "offer price"), aggregating to Rs. 44.39 crores ("the offer"), comprising a fresh offer of up to 39,74,400 equity shares aggregating to Rs. 34.18 crores by the company ("fresh offer") and an offer for sale of up to 11,87,200 equity shares by gaurav gupta ("the promoter selling shareholder") aggregating to Rs. 10.21 crores ("offer for sale"). out of the offer, 2,59,200 equity shares aggregating to Rs. 2.22 crores will be reserved for subscription by market
maker ("market maker reservation portion"). The offer less the market maker reservation portion i.e. offer of 49,02,400 equity shares of face value of Rs.10.00/- each at an offer price of
Rs. 86/- per equity share aggregating to Rs. 42.17 crores is hereinafter referred to as the "net offer". The offer and the net offer will constitute 26.66% and 25.32%, respectively of the post offer paid up equity share capital of the company.
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Suntech Infra Solutions Ltd
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Rs Cr |
Lead Managers to the Issue |
0.00 |
GYR Capital Advisors Pvt Ltd |
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44.39 |
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19.36 |
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Rs.
86.00
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Projects |
Funding working capital requirements of the company
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Funding of capital exp requirements of the company owards purchase of construction of civil construction business
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General corporate purposes
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Gaurav Gupta |
Parveen Kumar Gupta |
Shikha Gupta |
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