Sugs Lloyd IPO Subscription Status – Day 2 Update
Sugs Lloyd IPO was subscribed 1.15 times by the end of Day 2 (till 5:00 PM, September 1, 2025).
- Qualified Institutional Buyers (QIBs): 1.00x
- Non-Institutional Investors (NIIs): 2.32x
- Retail Individual Investors (RIIs): 0.47x
The IPO received 71,37,000 bids against the total issue size of 62,18,000 shares.
- Day 1 Subscription: 0.39x
- Day 2 Subscription: 1.15x
About Sugs Lloyd Limited
- Incorporated: 2009
- Industry: Renewable energy, engineering, and construction.
- Core Focus: EPC services in solar power projects, along with electrical and civil works.
- Service Portfolio:
- Ground-mounted and rooftop solar EPC solutions.
- Electrical EPC services, including smart meter installation, power transmission, and 33/11 kV distribution network maintenance.
- Power substations construction, renovation, and modernization.
- Specialty: Known for its commitment to sustainable and innovative engineering, the company plays a significant role in advancing India’s renewable energy and infrastructure sectors.
Sugs Lloyd Financial Performance (₹ in Crores)
- Revenue grew 158.7% YoY (₹68.75 Cr → ₹177.87 Cr).
- Profit rose 60.7% YoY, though margins dipped slightly due to higher project execution costs.
- Strong topline growth shows rising demand for its renewable and EPC solutions.
Sugs Lloyd IPO GMP
As of September 1, 2025, the Grey Market Premium (GMP) stood at ₹8.
- Issue Price: ₹123
- GMP Price: ₹131 (₹123 + ₹8)
- Expected Listing Gain: ~6.5%
The moderate GMP suggests cautious optimism, with demand being stronger from NIIs compared to retail investors.
