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23 Aug, 2025
Sugs Lloyd IPO
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sugs Lloyd IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Sugs Lloyd IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 29, 2025 to September 2, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹117 to ₹123 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 69,64,000 shares (aggregating up to ₹85.66 Cr) |
| Reserved for Market Maker | 3,50,000 shares (aggregating up to ₹4.31 Cr) Aftertrade Broking Pvt.Ltd. |
| Net Offered to Public | 66,14,000 shares (aggregating up to ₹81.35 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,62,50,000 shares |
| Share Holding Post Issue | 2,32,14,000 shares |
Sugs Lloyd IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Aug 29, 2025 |
| IPO Close Date | Tue, Sep 2, 2025 |
| Tentative Allotment | Wed, Sep 3, 2025 |
| Initiation of Refunds | Thu, Sep 4, 2025 |
| Credit of Shares to Demat | Thu, Sep 4, 2025 |
| Tentative Listing Date | Fri, Sep 5, 2025 |
| Cut-off time for UPI mandate confirmation | Cut-off time for UPI mandate confirmation |
Sugs Lloyd IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,46,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,46,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,69,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,84,000 |
| B-HNI (Min) | 9 | 9,000 | ₹11,07,000 |
Sugs Lloyd IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | - |
Competitive Strength:
- ● Positioned in the solar/renewable energy space with sectoral policy support and rising demand for clean energy capacity additions across India.
- ● Pure fresh issue structure aimed at funding growth can strengthen working capability and support execution scale-up without promoter OFS overhang.
- ● Defined SME book-built process with clear timelines and allocations, facilitating broader investor participation within the SME framework.
- ● Reported financial ramp-up ahead of the issue window on tracker platforms suggests scaling operations, which can provide operating leverage if execution sustains.
Sugs Lloyd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 133.5 | 177.87 | 16.78 | 38.64 | 74.83 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 48 | 69 | 10 | 22 | 18.57 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 24.65 | 36.36 | 2.29 | 11.38 | 8.36 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 55.47% |
| ROCE | 21.58% |
| Debt/Equity | 1.94 |
| RoNW | 43.42% |
| PAT Margin | 9.52% |
| EBITDA Margin | 14.66% |
| Price to Book Value | 9.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.32 | 7 |
| P/E (x) | 11.91 | 17 |
Objectives of Sugs Lloyd IPO
- Fund growth initiatives and capacity enhancement to execute a larger order pipeline.
- Strengthen working resources and systems for efficient project delivery.
- General corporate purposes associated with scaling operations and improving financial flexibility.
Conclusion
Sugs Lloyd IPO is looking for funds to grow within a favorable renewable energy climate. The proposed BSE SME listing, book-built pricing and fresh-issue structure suggest that the company wants to fund growth and institutionalize governance as the company expands. A player positioning itself in solar energy and with a base in New Delhi, the company is making an initial public offering during a period of strong renewable energy activity in India, which can help drive project flow and scale if execution remains sound.
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Frequently asked Questions (FAQs )
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1. What are the Sugs Lloyd IPO dates and listing timeline?
The IPO opens on 29 August 2025 and closes on 2 September 2025, with allotment on 3 September, refunds/credit on 4 September, and listing on 5 September 2025 on BSE SME.
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2. What is the price band and issue size?
The price band is ₹117–₹123 per share, and the total issue size is approximately ₹85.66 crore as a 100% fresh issue.
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3. What is the lot size and minimum application amount?
3. What is the lot size and minimum application amount?
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4. Is there any OFS in this IPO?
4. Is there any OFS in this IPO?
