Sugs Lloyd IPO, Sept. 3 -- The initial public offer (IPO) of Sugs Lloyd closed for subscription on Tuesday, September 2, and now the investor focus has shifted to the allotment. Sugs Lloyd IPO allotment status date is Wednesday, September 3.

Sugs Lloyd IPO closed with a decent demand, garnering 3.23 times bids. The retail investor portion was booked 2.12 times, the non-institutional investor (NII) quota was subscribed 5.30 times and the qualified institutional buyer (QIB) part received 2.03 times.

Sugs Lloyd IPO, worth Rs.85.66 crore, was entirely a fresh issue of 0.70 crore shares. The shares were sold in the price band at Rs.117 to Rs.123 apiece. Investors could apply for Sugs Lloyd IPO in a lot of 1000 shares. Retail investors needed...