Suntech Infra Solutions Share Price Lists with 27% Premium, Drops 5% Post Listing

Market Performance: Suntech Infra Solutions Makes a Decent Debut

Suntech Infra Solutions made its stock market debut on the NSE SME platform on Wednesday. The stock opened at ₹109.10, reflecting a 27% premium over its issue price of ₹86.

Shortly after listing, the share price climbed further to an intraday high of ₹110. However, the upward momentum didn't last long.

• The stock dropped to ₹103.65, marking a 5% decline from its listing price.
• ₹103.65 also happened to be the lower price band, causing the stock to hit the lower circuit on the debut day.

Main News: Suntech Infra Share Price Trades Below Grey Market Hype

Leading up to the listing, Suntech Infra Solutions' IPO had generated considerable investor interest, evident from its impressive subscription numbers and grey market premium (GMP).

Despite the enthusiasm:

• The GMP rose to ₹41 before listing.
• Based on the GMP, shares were expected to list at ₹127, or 47.67% above the issue price of ₹86.
• However, the actual listing at ₹109.10 was below the anticipated ₹127, as suggested by grey market trends.

This divergence between expected and actual listing price indicates a more tempered market sentiment upon opening.

Company Details: Suntech Infra IPO Receives Robust Subscription

Suntech Infra Solutions witnessed overwhelming investor participation during its IPO process. The breakdown of subscription figures is as follows:

• Overall Subscription: 223.64 times
• Retail Investors: 150.10 times
• Qualified Institutional Buyers (QIBs): 122.82 times
• Non-Institutional Investors (NIIs): 529.51 times

Such high levels of subscription indicate strong demand across all investor segments.

Summary of the Article

• Suntech Infra Solutions' share price opened at ₹109.10, a 27% premium over its issue price of ₹86.
• Following the listing, the stock dropped by 5% to ₹103.65, locking into the lower circuit.
• The listing was below GMP expectations, which had suggested a premium-level debut at ₹127.
• Despite the drop, investor enthusiasm was visible in the IPO, which was subscribed over 223 times..