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  5. Sugs Lloyd, Snehaa Organics, Abril Paper Tech shares make weak market debut: Here's what investors lost

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Sugs Lloyd, Snehaa Organics, Abril Paper Tech shares make weak market debut: Here's what investors lost

Kamal Joshi
By Kamal Joshi

3 min read | Updated on September 05, 2025, 10:13 IST

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SUMMARY

IPO listings on September 5: Shares of Sugs Lloyd debuted at ₹119.90 apiece on the BSE SME platform. This reflects a discount of 2.52% against the issue price of ₹123 per share.

Two SME IPOs opened at a discount, while one listed at par with the issue price. | Image: Shutterstock

Two SME IPOs opened at a discount, while one listed at par with the issue price. | Image: Shutterstock

IPO listings on September 5: The initial public offerings of engineering and construction company Sugs Lloyd, solvent recovery solutions provider Snehaa Organics and sublimation heat transfer paper Abril Paper Tech made their stock market debuts on Friday, September 5.

Two SME IPOs opened at a discount, while one listed at par with the issue price.

Sugs Lloyd share price

Shares of Sugs Lloyd debuted at ₹119.90 apiece on the BSE SME platform. This reflects a discount of 2.52% against the issue price of ₹123 per share.

The minimum investment for individual investors was two lots or 2,000 shares. Investors who received Sugs Lloyd IPO allotment saw their investments decline to ₹2,39,800.

The ₹85.66 crore public offer was purely a fresh issuance of 0.70 crore shares without an offer for sale (OFS) component. It had a price band of ₹117 to ₹123 a unit.

The issue was subscribed a total of 3.11 times, with bids for 2,04,12,000 shares compared to 65,58,000 shares on offer, according to the BSE data.

The objects of the offer include working capital requirements and general corporate purposes.

Sugs Lloyd provides engineering and construction solutions to the renewable energy sector, particularly solar energy, apart from electrical transmission, distribution, and civil EP projects.

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Snehaa Organics share price

Shares of Snehaa Organics listed at par with the issue price of ₹122 per unit on the NSE SME platform Emerge. Hence, investors who received the Snehaa Organics IPO did not see their investment change.

The offer, which had a price band of ₹115 to ₹122 per share, was subscribed 27.75 times, according to Chittorgarh.

The initial share sale aimed to raise ₹32.68 crore solely via fresh issuance of shares. The money generated will be used for debt repayment, working capital needs and general corporate purposes.

Snehaa Organics operates in solvent recovery, offering sustainable solutions for industries that use solvents.

Abril Paper Tech share price

Shares of Abril Paper Tech started trading at ₹48.80 per unit, down 20% from the issue price of ₹61.

The minimum investment for individual investors was two lots or 4,000 shares. Investors who secured the Abril Paper Tech IPO saw their investment drop to ₹1,95,200.

The issue was subscribed 11.20 times, according to Chittorgarh.

The initial public offering consists of a fresh issue of 0.22 crore shares aggregating to ₹13.42 crore without an OFS component.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.