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

Market Sentiment

+Rs 1
+1.0%
Est. Listing: Rs 101
Updated: Jul 22, 2026 3:00 pm
Subscription Status
NII
2.97x
Retail
18.83x
Total
10.90x
Updated: Jul 22, 2026 5:05 pm IST
Analysis Score 48 / 100
Neutral
Data: 100%
GMP Score 35
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 2400 shares (Min ₹2,40,000)
Total Issue Size ₹18.19 crore
Fresh Share₹18.19 crore
Issue TypeFixed Price Issue
Lead ManagerInteractive Financial Services Ltd.
RegistrarKfin Technologies Ltd.
Listing atBSE
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)
Rs 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
Rs 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
  • Heavily oversubscribed — 10.9x overall (so far).
  • Solid profit margin — 12.0%.
  • Strong return on equity — 37%.
Risks & Concerns
  • Elevated leverage — debt/equity of 1.15.

Auto-generated from live GMP, subscription, valuation and financial data. 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.

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

Company Contact Information

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

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.

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.

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).

Grey market is quoting a premium of +Rs 1 (+1.0% over issue price), down Rs 7 from the previous session. Final subscription data records overall subscription at 10.90x, retail at 18.83x, NII at 2.97x.

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.

Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. 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.

Retail investors must apply for a minimum of 1 lot of 2400 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 current GMP (Grey Market Premium) of Gulf Lloyds IPO is +Rs 1 (+1.0% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Gulf Lloyds IPO is currently subscribed 10.90 times overall — retail at 18.83x, NII at 2.97x. Live subscription data updates multiple times per day on open-issue days.

Based on the current 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

The latest grey market premium for Gulf Lloyds IPO is ₹1 (+1.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Gulf Lloyds it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

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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