Sugs Lloyd IPO opens for subscription today. Check GMP, price band and other details

IPO size and price band Live Events Use of funds Company background Financial performance IPO timeline as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Rs 85.66 crore IPO of Sugs Lloyd will open for public subscription on Friday. The book-built issue, entirely a fresh share sale of 69.64 lakh equity shares, will close on Tuesday.According to market trackers, the grey market premium (GMP) is around 4%, suggesting muted listing expectations when the stock debuts on the BSE SME platform on September 5.The IPO is priced in the band of Rs 117–123 per share. At the upper end, the company is looking to raise Rs 85.66 crore.Investors can bid for a minimum of 2,000 shares, translating into Rs 2.46 lakh at the upper price band for retail investors.The issue structure reserves 53.68% for retail investors, 31.38% for NIIs, and 9.92% for Qualified Institutional Buyers (QIBs).Sugs Lloyd plans to utilize Rs 80.65 crore from the fresh issue proceeds to meet working capital requirements, while the balance will go towards general corporate purposes.Founded in 2009, Sugs Lloyd is an engineering, procurement and construction (EPC) company with a focus on renewable energy, particularly solar projects, alongside electrical transmission, distribution, and civil EPC works.Its service offerings span Solar EPC: ground-mounted and rooftop solar projects, Electrical EPC: smart meter installation, AMC for power lines, Civil EPC: construction, refurbishment, and modernization of government buildings and manpower staffing, including technical staffing and recruitment under government schemesThe company reported strong growth in FY25, with total income rising 159% year-on-year to Rs 177.87 crore from Rs 68.75 crore in FY24. Profit after tax grew 60% to Rs 16.78 crore, against Rs 10.48 crore in the previous year.The allotment of shares is expected to be finalized on September 3, while refunds and credit of shares to demat accounts will be initiated on September 4. Listing is slated for Friday, September 5.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)