Sugs Lloyd IPO mention today. Check GMP prior to debut

Sugs Lloyd, a technology-driven engineering and construction company with a strong focus on renewable energy consumption projects, is preparing to debut on the BSE SME platform on Friday. In anticipation of the offer, the share recommends a GMP of approximately 1%, which indicates muted list expectations despite decent subscription figures.

The RS 85.66 Crore IPO, priced at RS 123 per share, was open for subscription from 29 August to 2 September.

It received a healthy general subscription of 3.23 times, with non-institutional investors who were at the forefront of 5.30 times. Qualified institutional buyers subscribed 2.03 times, while the shopping area saw a subscription of 2.12 times. Anchor investors also came in before the IPO and commit RS 4.99 Crore.

The IPO consists of a new edition of 69.64 Lakh shares, making it one of the remarkable SME offers in recent months. The proceeds will primarily be to meet the growing working capital needs of the company, with RS 80.65 Crore allocated for this purpose and the rest is reserved for general operating costs.

Sugs Lloyd, founded in 2009, is active in the engineering, purchasing and construction (EPC) space about solar, electric and civil segments.

The company has carried out projects ranging from the ground mounted and roof solar installations to smart meter rollout, substation construction and renovation of government buildings. It also offers manpower personnel solutions and recruits technical professionals under the government supported by the government. Sugs Lloyd’s Growth trajectory is impressive. For FY25, the company reported a turnover of RS 177.87 Crore, an increase of 159% compared to RS 68.75 Crore in FY24. The profit after tax rose 60% on an annual basis to RS 16.78 Crore. The company is active in a fast -growing area with strong government support for renewable energy. Investors can be careful with the short-term profit after mention, since the company is active in the SME segment.

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