May 27th, 2025: Sugs Lloyd Limited, a Delhi-headquartered EPC player operating in the renewable energy sector, today announced that it has received in-principle approval for its IPO from BSE SME Exchange on May 09, 2025. The company filed a Draft Red Herring Prospectus (DRHP) with BSE SME in November 2024. It is in the process of filing RHP with updated information.

The company plans to raise approximately ₹85.4 crore from the offer which comprises a fresh issuance of upto 59,00,000 Equity Shares each with a face value of ₹10, through the book-building route. 3Dimension Capital Services Limited is the Book Running Lead Manager, and Kfin Technologies Services Private Limited is the Registrar to the offer.

Sugs Lloyd Limited operates in the renewable energy sector, with a primary focus on solar energy, electrical transmission and distribution, and civil EPC projects. It provides a wide range of services, including the development of power transmission and distribution infrastructure, the construction of power substations, and the renovation, upgrading, and modification of existing power systems. It also provides solutions for Outage Management Solutions (OMS) using fault passage indicators, auto reclosers, and Sectionalizer to various electricity DISCOM (Distribution Companies).

According to DRHP, Sugs Lloyd intends to utilise ₹64 crore of the total IPO proceeds towards working capital requirements to support its business expansion and plans to use the remaining capital for general corporate purposes.

Established in 2009, the company has a strong management team with significant industry experience. Mr. Santosh Kumar Shah, Promoter and Chairperson and Mrs. Priti Shah, Promoter and Managing Director have been instrumental in the company’s growth and actively advises on corporate strategy and planning. Their vision and foresight enable the company to explore and seize new opportunities and accordingly position itself to introduce new products to capitalize on the growth opportunities in the sector.

The company has recorded ₹25.49 crore in revenue from operations with a profit (PAT) of ₹3.53 crore in the first quarter of fiscal year 2025, ending June 30, 2024, compared to ₹65.12 crore in revenue from operations and a profit (PAT) of ₹10.48 crore in FY24.