Sugs Lloyd Announces ₹85.66 Crore IPO with Price Band of ₹117-123 Per Share
Sugs Lloyd Ltd, specializing in electrical transmission, distribution, solar, and civil EPC projects, is launching its IPO to raise ₹85.66 crore. The offer opens on August 29 and closes on September 2, with a price band of ₹117-123 per share. The company plans to use ₹64 crore for working capital and the remainder for corporate purposes. Sugs Lloyd's revenue grew from ₹65.12 crore in FY23 to ₹176.20 crore in FY24, with net profit increasing from ₹8.70 crore to ₹16.72 crore. The IPO will be listed on the BSE SME platform.
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Sugs Lloyd Ltd, a company specializing in electrical transmission and distribution, solar, and civil EPC projects, has announced its initial public offering (IPO) with a price band of ₹117-123 per share. The IPO, set to open on August 29 and close on September 2, aims to raise ₹85.66 crore through the issuance of fresh equity shares.
IPO Details
- Offer Size: Up to 69.64 lakh shares
- Face Value: ₹10 per share
- Price Band: ₹117-123 per share
- Issue Size: ₹85.66 crore (at upper price band)
- Listing: BSE SME platform
Use of Proceeds
The company plans to utilize the funds raised from the IPO as follows:
- ₹64 crore for working capital requirements
- Remaining amount for general corporate purposes and issue expenses
Company Overview
Sugs Lloyd Ltd, incorporated in 2009, has shown significant growth in recent years:
| Financial Year | Revenue (₹ crore) | Net Profit (₹ crore) |
|---|---|---|
| FY24 | 176.20 | 16.72 |
| FY23 | 65.12 | 8.70 |
The company has demonstrated impressive revenue growth of over 170% year-over-year, along with a substantial increase in net profit.
IPO Management
- Book Running Lead Manager: 3Dimension Capital Services
- Registrar: Kfin Technologies
Investors interested in participating in Sugs Lloyd's IPO can submit their applications from August 29 to September 2. The company's strong financial performance and its focus on the growing sectors of electrical transmission, distribution, and solar EPC projects may attract attention from potential investors in the SME segment.
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