Noida-based power infrastructure maker Sugs Lloyd is set hit Dalal Street with its maiden public issue on August 29 with price band of Rs 117-123 per share, aiming at raising Rs 85.66 crore at the higher end of the range.
The company plans to offer 69.64 lakh shares in the public offering, and the IPO comprises of entirely fresh issue, implying the offer proceeds will be received by the company.
The public offer will close on September 2 and IPO share allotment will be finalised by September 3, with the shares making their debut on the BSE SME on September 5.
Incorporated in 2009, Sugs Lloyd that operates in the renewable energy sector intends to utilise Rs 64 crore of IPO proceeds for its working capital requirement, and the remainder funds for general corporate purposes.
The company provides services for the development of power transmission and distribution infrastructure, construction of power substations, renovation, upgrading and modification of existing power systems.
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Sugs Lloyd that seeks valuation of Rs 285.5 crore has an order book worth Rs 299.36 crore as of March 2025.
The financial performance reported in the recent past years has been strong, with FY25 profit growing 60 percent to Rs 16.8 crore, and revenue rising by 171 percent on year to Rs 176.2 crore.
3Dimension Capital Services is acting as the sole book running lead manager for the Sugs Lloyd IPO.
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