The first share sales received bids worth RS 246.74 Crore, the company said in a statement.
The quota for non-institutional investors received 5.30 times the subscription, while the part for the individual investors category was subscribed to 2.12 times. The qualified institutional copper segment picked up 2.03 times subscription, so that the general subscription to the last day of bidding brought 3.23 times out of 3.23 times.
The price band of the problem was resolved on RS 117-123 per share.
The initial public offer (IPO) is entirely a new issue of a maximum of 69.64 Lakh shares with a nominal value of RS 10 each.
Sugs Lloyd plans to use RS 64 CRORE from the total IPO yield for working capital requirements to support its business expansion, and the remaining capital will be used for general business purposes and IPO issue costs. Incorpor in 2009, Sugs Lloyd Ltd is involved in electrical transmission and distribution, Solar and Civil EPC Projects. Upgrading and adjusting power systems. The company also offers solutions for failure management for distribution companies.
In FY25, Sugs Lloyd reported income from the activities of RS 176.20 Crore in New Delhi, a growth of more than 171 percent compared to RS 65.12 Crore in FY24. The net profit rose to RS 16.72 CRORE from RS 8.70 Crore in the previous tax.
as a reliable and trusted news source3Dimension Capital Services is the only lead manager for the book, while Kfin Technologies is the registrar for the IPO.
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