Gulf Lloyds IPO

Listed SME
Min Investment
₹2,40,000
2400 Shares
Min Investment
₹2,40,000 · 2400 Shares
Open Jul 20
Close Jul 22
Allotment Jul 23
Refund Jul 24
Listing Jul 27
Price Band ₹100
Lot Size 1200 shares
Issue Size ₹18 Cr
Listed At ₹100.00 +0%
Subscribed 10.9×
Listed On BSE SME
Listing Price
₹100.00 (+0.00%)
vs issue price
Current Price (BSE)
₹30.25 (-69.75%)
at close, 12 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹1
+1.0% ▼ ₹2 since last update
Est. listing ₹101
Issue price ₹100
GMP range ₹1 – ₹30
16 Jul · ₹6 22 Jul · ₹1
Updated 22 Jul, 3:00 pm IST Unofficial grey-market data
GMP estimate ₹101
Actual listing ₹100
Listed below the GMP estimate by ₹1 (-1.0%)
Subscription Status
NII
2.97x
Retail
18.83x
Total
10.90x
Updated: Jul 22, 2026 5:05 pm IST
Applications 7,289
Total demand ₹188.32 Cr
Analysis Score 50 / 100
Mixed Signals
Data: 100%
GMP Score 43
Subscription Score 40
Valuation Score 75
Financial Health 56
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹100 per equity share
Face Value₹10 Per Equity Share
Lot Size 1200 shares (Min 2 lots · ₹2,40,000)
Total Issue Size ₹18.19 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeFixed Price Issue
Lead Manager Interactive Financial Services Ltd.
Registrar Kfin Technologies Ltd.
Listing atBSE SME
BSE Code544834
ISININE1WDC01012
Listing Price₹100.00
Listing Gain+0.00%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 2,400 ₹2,40,000
Retail Maximum 2 2,400 ₹2,40,000
S-HNI Minimum 3 3,600 ₹3,60,000
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
NII (HNI)8,64,00050.00%
Retail8,64,00050.00%
Total17,28,000

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
NII 1.16x 2.23x 2.97x
Retail 8.19x 14.42x 18.83x
Total 4.67x 8.33x 10.90x

Financial Analysis

Financial Data

EPS (Pre)
₹8.76
P/E (Pre)
11.42x
ROE
37.49%
ROCE
24.88%
RoNW
31.92%
EBITDA Margin
21.97%
Debt/Equity
1.15
NAV/Share
₹27.46
Revenue Growth
0.25%
Profit Margin
11.95%

Financial Performance

Metric 2026
Revenue 35.97
Expense 30.33
Profit (PAT) 4.30
Total Assets 35.29
Values in Crores (₹)

Promoters & Holding Pattern

Promoters: Bhagirath Bhavsar, Anitaben Bhavsar, Jaykumar Bhavsar, Shivaniben Bhavsar

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 49,10,000 99.94%
Promoter Holding Post Issue 67,29,200 72.92%

Strengths & Risks

Strengths
  • Solid profit margin — 12.0%.
  • Strong return on equity — 37%.
Risks & Concerns
  • Elevated leverage — debt/equity of 1.15.
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Gulf Lloyds

Gulf Lloyds (India) Limited, founded in September 2014, is a leading Professional Services provider that offers innovative and bespoke Inspection, Verification, Assurance, Auditing, Testing, Training, and Certification solutions to individuals. Its services cater to a wide range of industries worldwide, from construction to agriculture to clothing. Gulf Lloyds offers inspection, Verification, certification, auditing, training, and testing certificates to organizations involved in the marine, environment, energy, infrastructure, transport and logistics, quality and safety, and agri-food sectors to ensure excellence, quality, and safety compliance. Its headquarters is in Ahmedabad and has completed its projects in India and internationally, including the USA, UAE, China, Germany, and more. Its services help all types of businesses, helping them make their operations more productive and effective.

Company Contact Information

Gulf Lloyds (India) Ltd., 910, Gala Empire, Opp. TV Tower, Drive-in Road, Thaltej Road, Ahmedabad, Gujarat, 380054

Objects of the Issue

Purpose Amount (Cr)
Capital Expenditure for Office premises 4.01
Repayment of unsecured loans 3.00
Working Capital requirement 7.15
General Corporate Purpose -

Resources & Documents

Gulf Lloyds IPO - Quick Take

Gulf Lloyds has fixed the issue price at Rs 100 per share for an issue size of Rs 18 crore. The stock listed flat against its issue price.

The issue is promoted by Bhagirath Bhavsar, Anitaben Bhavsar, Jaykumar Bhavsar, Shivaniben Bhavsar with Interactive Financial Services Ltd. acting as lead manager. Net proceeds will primarily be used towards capital Expenditure for Office premises (Rs 4 crore) and repayment of unsecured loans (Rs 3 crore).

At the upper end of the price band, the issue is priced at a post-issue P/E of 11.42x. On fundamentals, the company is posting revenue growth of 0.3%, a profit margin of 12.0%, return on equity of 37.5% in its most recent reported period.

On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The issue price of Gulf Lloyds IPO is fixed at Rs 100 per share. Face value is Rs 10 per share.

The total issue size of Gulf Lloyds IPO is Rs 18 crore, comprising fresh issue of Rs 18 crore.

The lot size of Gulf Lloyds IPO is 1,200 shares. The minimum application is 2 lots (2,400 shares), requiring an investment of Rs 2,40,000.

Gulf Lloyds IPO opens for subscription on July 20, 2026 and closes on July 22, 2026.

The expected allotment date for Gulf Lloyds IPO is July 23, 2026. Refunds for unsuccessful applicants are expected on July 24, 2026.

Gulf Lloyds IPO is scheduled to list on July 27, 2026 on BSE. BSE script code: 544834, ISIN: INE1WDC01012.

The last GMP (Grey Market Premium) recorded for Gulf Lloyds IPO before listing was +Rs 1 (+1.0% over issue price). The shares actually listed at Rs 100 (+0.00% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Gulf Lloyds IPO was subscribed 10.90 times overall by the close of bidding — retail at 18.83x, NII at 2.97x.

Based on the final retail subscription of 18.83x for Gulf Lloyds IPO, the estimated retail allotment probability is approximately 6.1%. This is a low probability — approximately 6 out of every 100 retail applications may receive allotment.

The registrar for Gulf Lloyds IPO is Kfin Technologies Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Gulf Lloyds IPO are Interactive Financial Services Ltd.

The promoter(s) of Gulf Lloyds are Bhagirath Bhavsar, Anitaben Bhavsar, Jaykumar Bhavsar, Shivaniben Bhavsar.

Gulf Lloyds IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; Gulf Lloyds listed flat.

See the full Gulf Lloyds GMP history and trend, or learn how grey market premium works and how reliable it is.

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