Here’s the full, up-to-date breakdown of the Sugs Lloyd Limited IPO, based on recent official and reliable sources.
Business Scope: Engineering, procurement & construction (EPC) services in renewable energy, electrical transmission & distribution, solar EPC solutions, power substations, and civil infrastructure, servicing government DISCOMs and private developers. ISO-certified across quality, environmental, information security, and occupational health systems.
Sugs Lloyd Limited IPO Dates
- Opening Date: 29 Aug 2025
- Closing Date: 02 Sep 2025
- Allotment Finalized: 03 Sep 2025
- Refunds & Share Credit: 04 Sep 2025
- Listing on BSE SME: 05 Sep 2025
Sugs Lloyd Limited IPO Details
- IPO Type: SME IPO via Book Building of fresh equity shares
- Face Value: ₹10 per share
- Price Band: ₹117 to ₹123 per share
- Total Shares Offered: 69,64,000 equity shares
- Listing At: BSE SME
- Share Holding Pre Issue: 1,62,50,000 shares
- Share Holding Post Issue: 2,32,14,000 shares
GMP of Sugs Lloyd Limited IPO
Here’s the latest on the Grey Market Premium (GMP) for the Sugs Lloyd Limited IPO:
As of the most recent updates, the Grey Market Premium for Sugs Lloyd’s IPO is ₹0, meaning no premium is currently being traded over the issue price.
Interpretation & Context
- A GMP of ₹0 suggests that there’s currently no unofficial premium being paid for Sugs Lloyd IPO shares in the grey market.
- While IPOPremium shows a speculative GMP of ₹5.5, that appears to be a model-based estimate (possible gain) rather than reflecting real-time market action.
- In short, as of now, there is no active grey market demand paying above the IPO price for this issue.
Promoters of Sugs Lloyd Limited
Here are the promoters of Sugs Lloyd Limited along with their detailed profiles as sourced from reliable public documents:
1. Mrs. Priti Shah
- Role: Managing Director and one of the primary promoters of the company.
- Educational Background: Holds a B.Sc. and an MBA in from Delhi University.
- Experience: Brings 16 years of experience spanning sectors such as electrical transmission, pulp and paper, and personal care. She significantly contributes to policy decisions, business strategy, expansion initiatives, and overall operations of Sugs Lloyd.
- Key Contributions: Her leadership plays a critical role in the company’s strategic direction and operational execution.
2. Mr. Santosh Kumar Shah
- Role: Chairperson and non-executive director, also one of the promoters. Appointed to his current position in 2024.
- Educational Background: Holds a degree in Mechanical & Automation Engineering as well as a Master of Laws (LL.M).
- Experience: Over 20 years of rich experience in the electrical transmission industry. He is highly regarded by his government stakeholders.
- Key Contributions: Provides strategic direction and governance oversight, guiding the company’s positioning and industry partnerships.
3. Mr. Kapil Dev Marwah
- Though not explicitly listed as a “promoter” in the formal documents, he is a key executive and part of the leadership team.
- Role: Whole-Time Director since 2022, involved in day-to-day management.
- Experience: Around 8 years of industry experience in managing and executing construction projects. He currently heads the core team to drive business growth and ensure project delivery.
Summary Table
| Name | Position | Background & Experience |
|---|---|---|
| Mrs. Priti Shah | Managing Director & Promoter | B.Sc. & MBA (HR), 16 years across electrical transmission, pulp & paper, personal care |
| Mr. Santosh Kumar Shah | Chairperson & Promoter | Mechanical & Automation Engg. + LL.M, 20+ years in electrical transmission |
| Mr. Kapil Dev Marwah | Whole-Time Director (executive) | 8 years in construction/EPC project execution, part of core leadership (non-promoter) |
Sugs Lloyd Limited IPO Lot Size
Here’s the lot size information for Sugs Lloyd Limited IPO, summarized clearly in a table format:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,46,000 |
| Retail (Max) | 2 | 2,000 | ₹2,46,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,69,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,84,000 |
| B-HNI (Min) | 9 | 9,000 | ₹11,07,000 |
Sugs Lloyd Limited IPO Promoter Holding
Here’s the promoter holding details for Sugs Lloyd Limited in connection with its IPO:
| Holding Type | Pre-IPO Promoter Holding | Post-IPO Promoter Holding |
|---|---|---|
| Promoter Group | 99.99 % | 70.0 % |
- Pre-IPO, the promoter group holds virtually the entire equity at 99.99%.
- Post-IPO, their holding is expected to reduce significantly to around 70%, with the remaining shares (~30%) allotted to public investors through the fresh issue.
About Sugs Lloyd Limited
Sugs Lloyd Limited is a Delhi-based, technology-driven engineering and construction firm. It specializes in EPC (Engineering, Procurement, and Construction) services across multiple verticals:
- Solar EPC – turnkey solutions for solar installations including design, procurement, construction, testing, and grid integration.
- Electrical Transmission & Distribution (T&D) – development of power infrastructure, including substations, smart metering, and outage management systems.
- Civil EPC – construction, refurbishment, and modernization of government buildings and other infrastructure.
- Products & Systems – manufacturers of Outage Management Systems (OMS), fault passage indicators, auto reclosers, distribution automation systems, and more.
Timeline of Milestones:
- 2004: Established as a proprietorship.
- 2006–2009: Technical collaborations with Nortroll (Norway) and Jin Kwang E&C.
- 2009: Incorporated as a private limited company.
- 2013: Expanded into electrical T&D business.
- 2020: Launched the solar and staffing vertical.
- 2021: Added solar EPC services.
- 2023: Introduced the civil EPC segment and smart metering solutions (SCADA, OMS).
Core Services & Capabilities
- EPC Projects: End-to-end turnkey services—from design, installation, to maintenance. Notably, Sugs Lloyd has executed over 10,000 km of HT lines, 20,000 km of LT lines, installed 5,000 Distribution Sub Stations (DSS), and set up 35 Power Substations (PSS).
- Solar EPC: Comprehensive solar project execution—site design, installation, commissioning, and grid connection, all supported by in-house R&D to ensure solutions are cost-effective and efficient.
- PMC & Project Monitoring: Offering services such as DPR (Detailed Project Report) development, SCADA system integration, project supervision, and coordination of network improvements (33 kV/11 kV lines and substations).
- Product Innovations: Developed proprietary OMS products like fault passage indicators and auto reclosers—smart solutions designed for DISCOMs to reduce power outages via real-time fault detection and alerts.
Strategic Position & Projects
- Order Book Strength: As of March 2025, Sugs Lloyd has an active order book valued at approximately ₹299.36 crore.
- Significant Government Projects: Recently emerged as the lowest bidder (L1) for two major electrical infrastructure projects in Bihar, valued at over ₹300 crore. The scope includes SITC (Supply, Installation, Testing & Commissioning) of substations and HT/LT power lines.
Company Snapshot
| Attribute | Details |
|---|---|
| Founded | 2004 (proprietorship); incorporated 2009 |
| Headquarters | New Delhi / Noida |
| Segments | Solar EPC, Electrical T&D EPC, Civil EPC, Proprietary OMS solutions |
| Key Products | Fault passage indicators, auto reclosers, distribution automation systems |
| Major Clients | Government DISCOMs, PSUs, private infrastructure firms |
| Recent Large Orders | ₹300 crore EPC projects in Bihar |
| 2025 Revenue / PAT | ~₹176 crore / ₹16.7 crore |
| IPO Objective | Fund working capital & growth; backed by strong order pipeline |
Sugs Lloyd Limited Financial Information
Here’s a detailed overview of Sugs Lloyd Limited financial performance, presented in a structured table for clarity, based on the most recent and reliable data.
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹133.50 Crore | ₹48.23 Crore | ₹24.65 Crore |
| Total Income | ₹177.87 Crore | ₹68.75 Crore | ₹36.36 Crore |
| Profit After Tax | ₹16.78 Crore | ₹10.48 Crore | ₹2.29 Crore |
| EBITDA | ₹25.83 Crore | ₹10.96 Crore | ₹4.10 Crore |
| Net Worth | ₹38.64 Crore | ₹21.86 Crore | ₹11.38 Crore |
| Reserves and Surplus | ₹22.39 Crore | ₹12.11 Crore | ₹8.13 Crore |
| Total Borrowing | ₹74.83 Crore | ₹18.57 Crore | ₹8.36 Crore |
Key Performance Indicator (KPI)
Here are the Key Performance Indicators (KPI) of Sugs Lloyd Limited based on its restated financials and IPO disclosures:
| KPI | Values |
|---|---|
| ROE | 55.47% |
| ROCE | 21.58% |
| Debt/Equity | 1.94 |
| RoNW | 43.42% |
| PAT Margin | 9.52% |
| EBITDA Margin | 14.66% |
| Price to Book Value | 9.14 |
Strengths of Sugs Lloyd Limited IPO
1) Strong Industry Presence
- Operates in the power, renewable energy, and infrastructure EPC sector, which is expected to grow with India’s energy transition and government focus on clean energy.
2) Diversified Business Model
- Provides engineering, procurement, and construction (EPC) services, operations & maintenance (O&M), and trading of industrial equipment, reducing dependency on a single revenue stream.
3) Robust Order Book
- Strong pipeline of ongoing and upcoming projects, offering revenue visibility for the next few years.
4) Experienced Promoters & Management
- Led by promoters with decades of experience in EPC and infrastructure projects, helping in execution and client acquisition.
5) Strong Financial Growth
- Revenue grew from ₹68.75 Cr (2023) to ₹177.87 Cr (2024) (~159% YoY).
- PAT increased from ₹10.48 Cr to ₹16.78 Cr in the same period.
6) High Return Ratios
- ROE (55.47%) and RoNW (43.42%) indicate efficient use of capital and strong shareholder returns.
7) Growing Renewable Energy Demand
- Positioned to benefit from India’s target of 500 GW renewable energy capacity by 2030.
Risks of Sugs Lloyd Limited IPO
1) High Debt Levels
- Debt-to-equity ratio at 1.94 (FY24) shows reliance on borrowings. Rising interest costs may affect profitability.
2) Client Concentration Risk
- A significant portion of revenue comes from a limited number of clients/projects. Loss of a major contract could impact performance.
3) Margin Pressure
- PAT margin dropped from 15.24% (2023) to 9.52% (2024) due to cost escalation and project execution expenses.
4) Cyclic Nature of EPC Business
- Project-based business means revenue can be volatile, depending on order inflow and execution timelines.
5) Working Capital Intensive
- EPC projects require high upfront working capital. Delays in client payments can strain liquidity.
6) Regulatory & Policy Risks
- The business depends heavily on government policies, approvals, and renewable energy push. Any policy shift may hurt demand.
7) Post-IPO Dilution Impact
- EPS is expected to fall (₹10.32 to ₹7.23) post-IPO, which may impact valuations in the short term.
Sugs Lloyd Limited Contact Details
Here are the official contact details for Sugs Lloyd Limited, compiled from the company’s website and credible IPO-related filings:
Sugs Lloyd Limited – Corporate Contact Information
| Office Type | Address & Contact Details |
|---|---|
| Registered Office | Office No-8B, CSC-i Mandawali, Fazalpur, Behind Narwana Apartments, Delhi – 110092 (India) Phone: 0120-4558247 or +91 9599194186 (alternate) Email: info@sugslloyds.com or compliance@sugslloyds.com |
| Corporate (Noida) Office | 2nd Floor, Logix Park, Plot No. A-4 & A-5, Sector 16, Noida, Uttar Pradesh – 201301 (India) |
IPO Registrar (KFin Technologies Ltd.)
If you’re seeking IPO-related assistance—such as checking allotment status, refunds, or application queries—reach out to the IPO Registrar:
- Address: Karvy Selenium Tower-B, Plot 31 & 32, Financial District, Nanakramguda, Hyderabad – 500032 (India)
- Phone: 040-67162222 (and alternatively 040-79611000)
- Email: sugs.ipo@kfintech.com
- Website: [KFin’s IPO status portal]
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