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Gulf Lloyds (India) IPO 2026: Business Overview, Industry Analysis, Financial Highlights & Investment Perspective
Gulf Lloyds (India) Limited has entered the Indian primary market with its IPO, drawing at...
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G
SME IPO
LISTED
NSE, BSE
GULF
Gulf Lloyds (India) IPO
Gulf Lloyds (India) IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹1
+1.0%
Est. Listing: ₹101.00
Price Band
₹100
Per equity share
Lot Size
1200 Shares
Min Invest: ₹2,40,000
Issue Size
₹18.19 Cr
Total Public Offering
Issue Dates
19 July 2026 – 21 July 2026
Bidding period
Subscription
10.85x
Total overall demand
Gulf Lloyds (India) IPO Details
Key facts at a glance| IPO Open Date | 19 July 2026 | IPO Close Date | 21 July 2026 |
|---|---|---|---|
| Basis of Allotment | 22 July 2026 | Listing Date | 26 July 2026 |
| Price Band | ₹100 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,40,000 |
| Total Issue Size | ₹18.19 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Gulf Lloyds (India) IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 19 July 2026 | Confirmed |
| IPO Close Date | 21 July 2026 | Confirmed |
| Basis of Allotment | 22 July 2026 | Tentative |
| Initiation of Refunds | 24 July 2026 | Tentative |
| Credit of Shares to Demat | 24 July 2026 | Tentative |
| IPO Listing Date | 26 July 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 22 July 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Gulf Lloyds (India) IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,40,000 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,40,000 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹3,60,000 |
| S-HNI (Max) | 8 Lots | 9,600 Shares | ₹9,60,000 |
| B-HNI (Min) | 9 Lots | 10,800 Shares | ₹10,80,000 |
Gulf Lloyds (India) IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹1 +1.0%
Estimated Listing Price
₹101.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 23 Jul 2026 | ₹1 | ₹101.00 | +1.00% |
| 22 Jul 2026 | ₹3 | ₹103.00 | +3.00% |
| 21 Jul 2026 | ₹15 | ₹115.00 | +15.00% |
| 20 Jul 2026 | ₹25 | ₹125.00 | +25.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Gulf Lloyds (India) IPO Subscription Status
Demand breakdown by investor category
Retail
18.83x
QIB
—
NII / HNI
—
Total
10.85x
About Gulf Lloyds (India)
Gulf Lloyds (India) Limited operates in the services sector, providing third-party inspection, verification, auditing, testing, training and certification services to public sector undertakings as well as private organisations across multiple industries. The company deploys trained and technically qualified personnel to carry out inspection, verification and audit assignments in accordance with client requirements and applicable standards. Its services support quality assurance, regulatory compliance and operational requirements across different sectors. The company generates revenue primarily from inspection and other related service assignments, with domestic operations contributing the majority of its income, while it also undertakes select international assignments. Gulf Lloyds follows a service-led business model focused on technical expertise and compliance with recognised inspection and certification standards. Its operations are supported by qualified professionals, established quality systems and inspection procedures designed to meet industry and regulatory requirements.
Key Strengths
- Offers a comprehensive range of inspection, auditing, testing, training and certification services.
- Has a large assignment pipeline and serves clients across multiple industry sectors.
- Operates with accredited and recognised quality and compliance processes.
- Supported by an experienced, technically qualified team for inspection and audit services.
- Focuses on continuous employee training and skill development to maintain service quality.
Key Risks
- Revenue depends on a limited number of customers, and losing key clients could impact the business.
- The company relies on a third-party NABL-accredited laboratory for certain testing services.
- Errors or deficiencies in inspection and testing reports could damage reputation and lead to liabilities.
- The business is subject to NABCB inspections and changing accreditation requirements that could affect operations.
- A significant share of revenue comes from Gujarat, making the business sensitive to adverse developments in the state.
Gulf Lloyds (India) IPO Reservation & Share Quotas
Gulf Lloyds Limited has reserved the IPO shares between the Non-Institutional Investor (NII) category and the Retail Individual Investor (RII) category. As this is a Fixed Price Issue, the allocation has been structured to provide equal participation opportunities to both investor segments.
The following table shows the category-wise reservation of shares for the Gulf Lloyds IPO.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| NII Shares Offered | 8,64,000 Shares | 50% |
| Retail Shares Offered | 8,64,000 Shares | 50% |
Gulf Lloyds (India) IPO Important Dates
The Gulf Lloyds IPO will open for subscription on July 20, 2026 and remain open until July 22, 2026. During this subscription window, eligible investors can apply for shares through the ASBA process or UPI-supported applications offered by registered brokers and banks.
The basis of allotment is expected to be finalized on July 23, 2026. Refunds for unsuccessful applicants and the credit of allotted shares to successful investors' demat accounts are scheduled for July 24, 2026. The equity shares of Gulf Lloyds Limited are proposed to be listed on the BSE SME platform on July 27, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 20, 2026 |
| IPO Close Date | July 22, 2026 |
| Basis of Allotment | July 23, 2026 |
| Refunds Initiation | July 24, 2026 |
| Credit to Demat Account | July 24, 2026 |
| IPO Listing Date | July 27, 2026 |
Gulf Lloyds (India) IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 20 Jul 2026 |
| IPO Close Date | 22 Jul 2026 |
| Basis of Allotment | 23 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 27 Jul 2026 |
Note: The timeline for Gulf Lloyds (India) IPO is tentative and subject to change.
Gulf Lloyds (India) Objects of the Issue & Utilisation of Proceeds
Gulf Lloyds Limited intends to utilize the net proceeds from its IPO to strengthen its financial position and support future business growth. The company plans to invest in capital expenditure for new office premises, reduce debt by repaying unsecured loans, and enhance its working capital to support expanding business operations.
These proposed fund allocations are expected to improve operational efficiency, strengthen the company's balance sheet, and provide adequate liquidity for day-to-day business activities. Any remaining proceeds, if applicable, will be utilized for general corporate purposes.
| Purpose | Amount |
|---|---|
| Capital Expenditure for Office Premises | ₹4.01 Crores |
| Repayment of Unsecured Loans | ₹3.00 Crores |
| Working Capital Requirement | ₹7.15 Crores |
| General Corporate Purpose | – |
Note: The proposed utilization of IPO proceeds is based on the objectives disclosed in the offer document. The actual deployment of funds will be carried out in accordance with the company's business requirements and applicable regulatory guidelines.
Gulf Lloyds (India) Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Gulf Lloyds (India) Company Financial Report
Gulf Lloyds Limited has demonstrated steady financial growth over the last three financial years. The company has reported consistent growth in revenue, profitability, and total assets, reflecting improved operational performance and a strengthening financial position ahead of its proposed IPO.
The following financial summary highlights the company's reported revenue, expenses, profit after tax (PAT), and total assets for the recent financial years. These figures provide investors with an overview of Gulf Lloyds Limited's financial performance before the public issue.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹23.51 | ₹21.19 | ₹1.68 | ₹15.88 |
| 2025 | ₹35.88 | ₹29.61 | ₹4.67 | ₹23.51 |
| 2026 | ₹35.97 | ₹30.33 | ₹4.30 | ₹35.29 |
Amount in ₹ Crores: The above financial figures are based on the company's reported financial statements and are intended to provide investors with an overview of Gulf Lloyds Limited's financial performance before the IPO.
Gulf Lloyds (India) Company Financial Report
To Be Updated Soon
Gulf Lloyds (India) Company Valuation & Key Performance Indicators
To Be Updated Soon
Gulf Lloyds (India) Peer Group Comparison
To Be Updated Soon
Gulf Lloyds (India) IPO FAQs
Gulf Lloyds (India) IPO opens for subscription on 19 July 2026 and closes on 21 July 2026.
The price band for Gulf Lloyds (India) IPO is set at ₹100.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,40,000).
The latest Grey Market Premium (GMP) for Gulf Lloyds (India) IPO is ₹1. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Gulf Lloyds (India) IPO is tentatively scheduled for 22 July 2026, and shares are expected to list on the stock exchanges on 26 July 2026.
The registrar details will be confirmed in the official prospectus.
Gulf Lloyds (India) IPO Analysis & Articles
