Sugs Lloyd Limited, established in 2004, has emerged as a technology-driven engineering and construction powerhouse. Founded by visionary entrepreneurs, the company has evolved into a leading multi-product engineering unit, with a wide product range including Auto Reclosers, Sectionalisers, Fault Passage Indicators, Cable Joints, and Terminations. The company is recognized for its innovation, quality, and contribution to India’s engineering and construction sector.

The Sugs Lloyd IPO is a Book Built Issue amounting to ₹85.66 Crores, consisting entirely of a fresh issue of 69.64 lakh shares. The subscription period opened on 29 August 2025 and closed on 2 September 2025, with allotment expected on 3 September 2025, and a tentative listing on BSE SME on 5 September 2025. The price band was set at ₹117 to ₹123 per share, with a lot size of 1,000 shares. Individual investors were required to apply for a minimum of 2 lots, amounting to ₹2,46,000.

The IPO was managed by 3DIMENSION CAPITAL SERVICES LIMITED as the Book Running Lead Manager, with KFIN TECHNOLOGIES LIMITED as the registrar, and Aftertrade Broking Private Limited as the sole Market Maker. The Grey Market Premium (GMP) is ₹0, indicating a stable pre-listing valuation. On the final day of subscription, the IPO was oversubscribed 3.11 times, showing solid investor interest.

Anchor Investor Allocation:
Sugs Lloyd raised ₹5.00 Crores from Anchor Investors at ₹123 per share, with 4,06,000 equity shares allotted to QIBs. This allocation reflects institutional confidence in the company’s performance and future prospects.

IPO Objectives:
The company intends to utilize the net proceeds as follows:

1. ₹6,400 lakh to meet working capital requirements, ensuring smooth operational efficiency.

2. General corporate purposes, supporting expansion, strategic initiatives, and business growth.

Management and Leadership:
The leadership team brings extensive experience and strategic vision:

• Satyakam Basu, CEO – 43 years of industry experience.

• Mrs. Priti Shah, Managing Director – 16 years of experience.

• Mr. Santosh Kumar Shah, Non-Executive Director – 20 years of experience.

• Mr. Vicky Kumar, CFO – 15 years of experience.

Their combined expertise has been crucial for the company’s steady growth and strategic positioning in the engineering and construction sector.

Financial Performance:
The company has shown strong financial growth:

• Revenue: ₹17,787.22 lakh (FY25), ₹6,875.19 lakh (FY24), ₹3,635.72 lakh (FY23)

• EBITDA: ₹2,749.38 lakh (FY25), ₹1,458.68 lakh (FY24), ₹348.77 lakh (FY23)

• Profit After Tax (PAT): ₹1,677.76 lakh (FY25), ₹1,048.43 lakh (FY24), ₹229.49 lakh (FY23)

Key performance indicators show a pre-issue EPS of ₹10.32, post-issue EPS of ₹7.23, pre-issue P/E ratio of 11.92x, post-issue P/E ratio of 17.02x, with ROCE at 21.58%, ROE at 55.47%, and RoNW at 43.42%, suggesting the IPO is fairly priced.

IPO Listing Outlook:
The Grey Market Premium of ₹0 indicates that the IPO is not expected to generate significant listing gains. While the financial performance is robust, investors are advised to not rely on listing gains and instead consider the long-term growth potential of Sugs Lloyd Limited in India’s engineering and construction sector.

The IPO proceeds aim to strengthen working capital, support operational efficiency, and enhance the company’s ability to expand its product portfolio, making Sugs Lloyd a strategic investment in the multi-product engineering sector.

The Upcoming IPOs in this week and coming weeks are Taurian MPS, Jay Ambe Supermarkets, Krupalu Metals, Urban Company, Shringar House of Mangalsutra, Vashishtha Luxury Fashion, Karbonsteel Engineering, Sharvaya Metals, Vigor Plast India.

The Current active IPO are Austere Systems, Optivalue Tek Consulting, Goel Construction Company, Amanta Healthcare, Rachit Prints.

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