Sugs Lloyd IPO GMP, Date, Price Band & Review

Sugs Lloyd Ltd. is launching a book-running issue on the BSE SME platform with a sale offer of around ₹85.66 crore, along with a completely fresh issue. The price range is ₹117 to ₹123 for each equity share. The issue will open on 29 August 2025 and will close on 2 September 2025 with the tentative listing date of 5 September 2025 on BSE SME. Minimum bidding amount for retail investors is ₹2,46,000 with 2 lots with a lot size of 1000 shares. Category allocation is up to 50% for QIB, up to 15% for NII and up to 35% for retail as per SME IPO norms. KFin Technologies has been chosen as the issuer's registrar.

Company Background

The Delhi (India) based Sugs Lloyd Ltd., engages in the business of renewable energy, which is classified under the sub-category 1 (Solar – Energy) and has its SME IPO open for Public Issue through a book-building process and is entering into the BSE SME Platform due to its adequate growth idea to fuel the growth. Public information about the company mentions a scaling-up toward the issue window period, in line with the broader sector tailwinds in India’s push into renewables and the company’s plans to access capital markets to expand.

Operations & Product Range

Facility & Production

The company follows an execution-led operating model in solar/renewable projects. Its public documents indicate a focus on building capacity to deliver projects more efficiently, including investment in resources and systems to handle higher volumes as it scales after the IPO.

Brands & Market Presence

Sugs Lloyd presents itself as a player in India’s solar energy ecosystem with its base in New Delhi. Listing on the SME platform is expected to improve visibility with customers and financial stakeholders, which may support business development in a market benefiting from policy support for renewable energy.

Revenue Channels

• Project-based revenues from solar and renewable energy work, particularly EPC and related services.
• Earnings are linked to the volume and value of awarded projects, execution progress, and milestone-based billing.

Management & Shareholding

Promoters & Shareholding

The promoters in Sugs Lloyd IPO are Mrs. Priti Shah and Mr. Santosh Kumar Shah. As the IPO is entirely a fresh issue, promoter shareholding will dilute only to the extent of new shares issued; there is no secondary sale in the offer.

Board Members

The board members of Sugs Lloyd IPO include Chairperson/Promoter Santosh Kumar Shah, Promoter/Managing Director Priti Shah, Whole-time Director Kapil Dev Marwah, Independent Director Kavita Rani, Independent Director Kavita Rani, Non-Executive Director Rajveer Singh and more board members for governance and supervision.