Sugs Lloyd Limited, an integrated EPC (Engineering, Procurement, and Construction) company based in Delhi, has announced the price band for its upcoming initial public offering (IPO), set between ₹117 and ₹123 per share. The IPO is scheduled to open for subscription on Friday, August 29, 2025, with the anchor investor portion opening a day earlier, on Thursday, August 28, 2025. The issue will close on Tuesday, September 02, 2025. The company aims to raise ₹85.65 crore through the offering and seeks a listing on the BSE SME platform. The minimum lot size for the issue is 1,000 equity shares.
3Dimension Capital Services Limited is acting as the Book Running Lead Manager, while Kfin Technologies Limited will serve as the Registrar to the offer. The IPO will consist of a fresh issue of 6,964,000 equity shares with a face value of ₹10 each, offered through the book-building process. The allocation will include 350,000 shares reserved for market makers, 691,000 shares for Qualified Institutional Buyers (QIBs), 2,185,000 shares for Non-Institutional Investors (NIIs), and 3,738,000 shares for Individual Investors.
As per the Red Herring Prospectus (RHP), the company intends to utilize ₹64 crore of the IPO proceeds for working capital requirements to support its business expansion, with the remaining funds allocated for general corporate purposes and IPO-related expenses. Sugs Lloyd is engaged in the execution of electrical transmission and distribution, solar, and civil EPC projects.
The company specializes in developing power transmission infrastructure, building substations, and upgrading and renovating existing power systems. Additionally, Sugs Lloyd provides Outage Management Solutions (OMS) using advanced technologies like fault passage indicators, auto reclosers, and sectionalizers for electricity Distribution Companies (DISCOMs).
Founded in 2009, the company boasts a strong leadership team with extensive industry experience. Promoter and Chairperson, Santosh Kumar Shah, and Promoter and Managing Director, Priti Shah, have been pivotal in the company’s growth. Their strategic guidance has allowed the company to explore new avenues, introduce innovative products, and capitalize on the growth potential in the EPC sector.
In FY25, Sugs Lloyd reported a revenue from operations of ₹176.20 crore, reflecting a remarkable growth of over 171% from ₹65.12 crore in FY24. The company’s net profit (PAT) also rose significantly, reaching ₹16.72 crore, up from ₹8.70 crore in the previous year.
