Gulf Lloyds (India) IPO
GMP, Subscription, Price, Dates & Financial Details
Inspection
Gulf Lloyads (India) Limited, incorporated in September 2014, is an India-based service company operating in the Inspection, Testing, Certification, Auditing, and Training (ITCAT) sector. The company provides independent third-party inspection, auditing, certification, testing, and training…
Open Date
Mon, 20 Jul 2026
Close Date
Wed, 22 Jul 2026
Issue Price
₹ 100
Lot Size
1200
Issue Size
₹ 18.19 Cr
Minimum Investment
₹ 240,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Gulf Lloyds (India) IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹18 Crore, comprising a fresh issue of 18.19 Lakh equity shares aggregating to ₹18.19 Crore.
The Gulf Lloyds (India) IPO remained open for subscription from July 20, 2026, to July 22, 2026. The basis of allotment was finalized on July 23, 2026, and the company's shares were listed on BSE SME Platform on July 27, 2026.
The company had fixed the price at ₹100 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Interactive Financial Services Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Gulf Lloyads (India) Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Gulf Lloyds (India) IPO Timeline (Tentative)
- IPO Open Date
- Mon, 20 Jul 26
- IPO Close Date
- Wed, 22 Jul 26
- Basis of Allotment
- Thu, 23 Jul 26
- Initiation of Refunds
- Fri, 24 Jul 26
- Credit of Shares to Demat
- Fri, 24 Jul 26
- Listing Date
- Mon, 27 Jul 26 — NSE & BSE
Open Date
20 July 2026
Close Date
22 July 2026
Basis Of Allotment
23 July 2026
Listing Date
27 July 2026
IPO Subscription
Check Live Subscription →The Gulf Lloyds (India) IPO has received bids for 1,88,36,400 shares against 17,28,000 shares offered, resulting in an overall subscription of 10.9x. the NII category is subscribed 2.97x, Retail Investors 18.83x, and QIBs 0x.
QIB
0x
NII
2.97x
RII
18.83x
Total
10.9x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,64,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 8,64,000 shares (50%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Non-Institutional | 864,000 | 50% |
| Retail Investors | 864,000 | 50% |
| Total | 1,728,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 35.29 | 23.51 | 15.88 |
| Revenue | 35.97 | 35.88 | 23.51 |
| Profit After Tax | 4.3 | 4.67 | 1.68 |
| Net Worth | 13.48 | 9.33 | 4.66 |
| Reserve & Surplus | 8.71 | 9.32 | 4.65 |
| Total Borrowings | 15.68 | 8.94 | 6.94 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Gulf Lloyads (India) Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 37.49 | 66.77 | 43.93 |
| ROCE % | 24.88 | 39.77 | 23.93 |
| Debt / Equity | 1.15 | 0.96 | 1.49 |
| RoNW % | 31.92 | 50.06 | 36.02 |
Peers Comparison
No Peer Comparision Available
About Gulf Lloyads (India) Limited
Gulf Lloyads (India) Limited, incorporated in September 2014, is an India-based service company operating in the Inspection, Testing, Certification, Auditing, and Training (ITCAT) sector. The company provides independent third-party inspection, auditing, certification, testing, and training services to public sector undertakings, private enterprises, and industrial organizations across multiple sectors.
Headquartered in Ahmedabad, Gujarat, Gulf Lloyads has established a strong presence in both domestic and international markets. Over the past decade, the company has successfully executed projects in countries including India, the United States, the United Arab Emirates (UAE), China, Germany, and several other global locations.
Business Operations
The company specializes in evaluating products, equipment, manufacturing processes, and industrial projects to ensure compliance with applicable quality standards, technical specifications, statutory regulations, and customer requirements. Through its independent assessment services, Gulf Lloyads helps organizations improve operational efficiency, maintain regulatory compliance, reduce project risks, optimize costs, and enhance product quality.
Its portfolio of customer-focused services is designed to deliver reliable, timely, and cost-effective inspection and certification solutions across diverse industries.
Service Portfolio
Gulf Lloyads offers a comprehensive range of services, including:
- Third-Party Inspection
- Quality Auditing
- Product and Material Testing
- Certification Services
- Technical Training
- Vendor Assessment and Evaluation
- Quality Assurance and Quality Control (QA/QC) Services
Industry-wise Inspection Services
The company provides specialized inspection services across various industries, including:
- Pre-Shipment Inspection
- Marine Inspection
- Oil & Gas Industry Inspection
- Gas Industry Documentation Inspection
- Power Generation Projects
- Mining Industry
- Manufacturing Industry
- Industrial Equipment Inspection
- Cargo Inspection
- Electrical Industry Inspection
- Automotive Industry Inspection
Client Base
Gulf Lloyads serves a diversified customer base comprising public sector undertakings and private organizations across engineering, manufacturing, infrastructure, energy, and industrial sectors. Some of its notable clients include:
- Vee Kay Vikram & Co. LLP
- Aakash Exploration Services Limited
- Pacific Steel and Alloys
- Alexia Panels
- APSS Technologies Private Limited
- Euro Panel Products Limited
- RPF Pipes
- IOAGPL
- Hindusthan Technologies Private Limited
- Nabros Transport Private Limited
- Corrtech International Limited
- John Energy Limited
- Chicago Pneumatic Compressors
- Haryana City Gas
- CZAR Metric System Private Limited
- TLT Engineering India Private Limited
- Parixit Irrigation Limited
- Rajendra Piping & Fittings
- Swati Switchgears Private Limited
- Tatsuno India Private Limited
- Gilbarco Veeder-Root
- Ratnamani Metals & Tubes Limited
- Rungta Irrigation Limited
- Therm Transfer Equipment Private Limited
Workforce
As of May 31, 2026, Gulf Lloyads employed 715 personnel, comprising permanent employees, contractual staff, and technical consultants. The workforce spans various functional areas, including:
- Senior Management
- Project Management
- Engineering
- Inspection & Certification
- Finance & Accounts
- Human Resources
- Internal Audit
- Marketing & Business Development
- Operations and Technical Support
Competitive Strengths
- Over 10 years of industry experience in inspection and certification services.
- Diversified service offerings covering inspection, testing, auditing, certification, and training.
- Presence across multiple industrial sectors and infrastructure projects.
- Experienced technical workforce with specialized engineering expertise.
- Strong client relationships with leading public and private sector organizations.
- International project execution experience across multiple countries.
- Focus on delivering reliable, independent, and cost-effective quality assurance solutions.
This profile presents Gulf Lloyads (India) Limited as a comprehensive provider of third-party inspection and certification services, committed to ensuring quality, safety, regulatory compliance, and operational excellence for its clients.
Gulf Lloyds (India) IPO Promoters
- Bhagirath Bhavsar
- Anitaben Bhavsar
- Jaykumar Bhavsar
- Shivaniben Bhavsar
Promoters Holding
Holding Pre Issue
99.94%
Holding Post Issue
72.92%
Gulf Lloyds (India) IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure for Office premises
- Repayment of unsecured loans
- Working Capital requirement
- General corporate purposes
Gulf Lloyads (India) Limited Address / Contact Details
Gulf Lloyds (India) Ltd.
910, Gala Empire
, Opp. TV Tower, Drive-in Road
Thaltej Road, Ahmedabad, Gujarat, 380054
Tel No.: +91 079-35289495
Email:info@gulflloydsgroup.com
Website:http://www.gulflloydsgroup.com/
IPO Snapshot
Gulf Lloyds (India) IPO Lot Size
The Gulf Lloyds (India) IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,40,000 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,40,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 240,000.00 |
| Retail (Max) | 2 | 2,400 | 240,000.00 |
| S-HNI (Min) | 3 | 3,600 | 360,000.00 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Interactive Financial Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Gulf Lloyds (India) IPO?
Gulf Lloyds (India) IPO is a Fixed price IPO with a total issue size of ₹18.19 crore. The Gulf Lloyds (India) IPO price band is ₹100 to 100 per share. The Gulf Lloyds (India) IPO subscription opens on Mon, Jul 20, 2026, and closes on Wed, Jul 22, 2026. The Gulf Lloyds (India) IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Gulf Lloyds (India) IPO.
When will the Gulf Lloyds (India) IPO open for subscription?
The Gulf Lloyds (India) IPO opens on Mon, Jul 20, 2026 and closes on Wed, Jul 22, 2026
What is Gulf Lloyds (India) IPO Price Band?
Gulf Lloyds (India) IPO Price Band is ₹100 to 100 per share.
What is Gulf Lloyds (India) IPO Lot Size?
Gulf Lloyds (India) IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Gulf Lloyds (India) IPO?
The minimum investment for Gulf Lloyds (India) IPO is ₹240000, based on one lot of 1200 shares at the upper price band of ₹100 per share.
How to apply for Gulf Lloyds (India) IPO?
Investors can apply for the Gulf Lloyds (India) IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jul 22, 2026. The application amount remains blocked until the Gulf Lloyds (India) IPO allotment is finalized.
What is Gulf Lloyds (India) IPO Issue Size?
Gulf Lloyds (India) IPO issue size is ₹18.19 crores.
What is the Gulf Lloyds (India) IPO Allotment Date?
Gulf Lloyds (India) IPO allotment date is Thu, Jul 23, 2026.
Who is the Gulf Lloyds (India) IPO Registrar?
The registrar for Gulf Lloyds (India) IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Gulf Lloyds (India) IPO allotment status, refund processing, and other IPO-related information.
What is the Gulf Lloyds (India) IPO GMP?
The Gulf Lloyds (India) IPO GMP (Grey Market Premium) is ₹8 as of Thu, Jul 16, 2026. Based on the upper price band of ₹100 per share, the estimated Gulf Lloyds (India) IPO listing price is ₹108, indicating a potential listing gain of approximately 8.00% over the issue price.
Who is the Gulf Lloyds (India) IPO Lead Manager?
The book-running lead managers (BRLMs) for the Gulf Lloyds (India) IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Gulf Lloyds (India) IPO Red Herring Prospectus (RHP).