- Issue price
- ₹123per share
- Issue size
- ₹85.66 Cr69,64,000 shares
- Face value
- ₹10per equity share
- Lot size
- 2,000 sharesMin. ₹2.46 L at the upper price
- Anchor biddingThu, 2025
- OpensFri, 2025
- ClosesTue, 2025
- AllotmentWed, 2025
- ListingFri, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 69,64,000 shares (₹85.66 Cr)
- Offer for sale
- None
- Total issue
- 69,64,000 shares (₹85.66 Cr)
- Market maker portion
- 3,50,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 99.99% → 70.00%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail91.4%
- Market maker8.6%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 37,38,000 | 100.00% | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
| Market maker | 3,50,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹123 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 4,000 | ₹4.92 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25- EPS (basic)
- ₹10.32
- EPS (diluted)
- ₹10.32
- P/E
- 11.92×
- RoNW
- 43.42%
- NAV per share
- ₹23.78
- Debt to equity
- 1.94
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 176.20 | 65.13 | 35.79 |
| Total income | 177.87 | 68.75 | 36.36 |
| EBITDA | 25.83 | 10.96 | 4.10 |
| Profit after tax | 16.78 | 10.48 | 2.29 |
| Net worth | 38.64 | 21.86 | 11.38 |
| Reserves and surplus | 22.39 | 12.11 | 8.13 |
| Total assets | 133.50 | 48.23 | 24.65 |
| Total borrowing | 74.83 | 18.57 | 8.36 |
FY 2024-25 vs FY 2023-24: revenue +170.6%, profit after tax +60.0%.
Source: ProspectusUpdated
About the company
The company provides solar EPC, electrical transmission and distribution, civil construction and manpower staffing services, largely to government and power distribution clients. It also offers outage management solutions for electricity distribution companies. It was incorporated in 2009 and converted to a public limited company in 2024.
- Incorporated
- 2009
- Industry
- Renewable Energy EPC
- CIN
- U74900DL2009PLC194400
- Website
- sugslloyds.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Mr. Santosh Kumar Shah | — | — |
| Mrs. Priti Shah | 99.99% | 70.00% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Meet working capital requirement | 64.00 |
| General corporate purposes | 9.92 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Rulka Electricals Limited | ₹5.46 | 25.60× | 15.13% | ₹80.15 |
| Ganesh Green Energy Limited | ₹13.94 | 44.80× | 6.76% | ₹82.71 |
| Sugs Lloyd LimitedIssuer | ₹10.32 | 11.92× | 43.42% | ₹23.78 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Integrated offering across solar EPC, electrical, civil and manpower services.
- Long-standing relationships with government and power distribution clients.
- Revenue grew sharply across the three years shown in the restated financials.
- Experienced management team with industry expertise, as stated by the company.
Risks
- Heavy dependence on a few customers; top 10 accounted for about 88% of FY 2024-25 revenue.
- Large increase in trade receivables and debtor days, indicating working capital strain.
- Short-term borrowings rose sharply to ₹7,482.53 lakh in FY 2024-25.
- Cost overruns or delays in under-construction projects could affect profitability.
- Issue proceeds are largely earmarked for working capital, with the GCP amount still to be finalised.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹123) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Sugs Lloyd IPO open and close?
According to the Prospectus, the issue opens on Friday, 29 August 2025 and closes on Tuesday, 2 September 2025. These dates are tentative.
What is the Sugs Lloyd IPO price band?
The final issue price is ₹123 per share.
What is the lot size of the Sugs Lloyd IPO?
One lot is 2,000 shares, which is ₹2.46 L at ₹123 per share.
Where will Sugs Lloyd shares list?
On BSE SME. The tentative listing date is Friday, 5 September 2025.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Sugs Lloyd IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 3 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹64 Cr for meet working capital requirement, ₹9.92 Cr for general corporate purposes.
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