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IPO Open

Mon, Jul 20, 2026

IPO Close

Wed, Jul 22, 2026

Price Band

₹100 per share

Market Cap (Pre-IPO)

₹67.29 Cr

IPO Details

  • IPO Date
    20 to 22 Jul, 2026
  • Listing Date
    Mon, Jul 27, 2026
  • Face Value
    ₹10 per share
  • Issue Price
    ₹100 per share
  • Lot Size
    1,200 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Fixed Price IPO
  • Listing At
    BSE SME
  • Total Issue Size
    18,19,200 shares (agg. up to ₹18 Cr)
  • Reserved for Market Maker
    91,200 shares (agg. up to ₹0.9120 Cr) Prabhat Financial Services Ltd.
  • Fresh Issue (Ex Market Maker)
    17,28,000 shares (agg. up to ₹17 Cr)
  • Net Offered to Public
    17,28,000 shares (agg. up to ₹17 Cr)
  • Share Holding Pre Issue
    49,10,000 shares
  • Share Holding Post Issue
    67,29,200 shares

IPO Timetable (Tentative)

  • IPO Open
    Mon, Jul 20, 2026
  • Allotment
    Thu, Jul 23, 2026
  • Credit of Shares
    Fri, Jul 24, 2026
  • IPO Close
    Wed, Jul 22, 2026
  • Refund
    Fri, Jul 24, 2026
  • Listing
    Mon, Jul 27, 2026

Issue Reservation

Gulf Lloyds IPO comprises a total issue size of 18,19,200 shares. The net offer to the public is 17,28,000 shares, after excluding 91,200 shares allotted on a firm basis. Of the Net offer 8,64,000 (50.00%) allocated to NII 8,64,000 (50.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue % of Total Issue
NII (HNI) Shares Offered 8,64,000 50.00% 47.49%
Retail Shares Offered 8,64,000 50.00% 47.49%
Firm Reservations
Market Maker Shares Offered 91,200 5.01%
Total Shares Offered 18,19,200 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,400 ₹2,40,000
Individual investors (IND) (Max) 2 2,400 ₹2,40,000
HNI (Min) 3 3,600 ₹3,60,000

IPO Subscription Details

About Gulf Lloyds (India) Ltd.

Incorporated in September 2014, Gulf Lloyads (India) Limited operates in the Services Sector, providing third-party inspection, Auditing, Certification, Testing, and Training services across various industries and regions.

The company provides Third-Party Inspection, Auditing, Testing, Training and Certification services to public sector undertakings as well as organisations.

The Company evaluates products, works, and processes for quality and safety compliance, technical specifications, and client needs. Its services help organizations of all sizes enhance compliance, control costs, and improve efficiency.

The Company’s registered office is in Ahmedabad, Gujarat, India. With over a decade of experience, it has executed projects in India and internationally, including the USA, UAE, China, Germany, and more.

The company provides a range of customer-focused certification and inspection services that are efficient and cost-effective.

The company’s customers include Vee Kay Vikram & Co. LLP, Aakash Exploration Services Ltd, Pacific Steel and Alloys, Alexia Panels, APSS Technologies Pvt. Ltd, Euro Panel Products Ltd, RPF Pipes, IOAGPL, Hindusthan Technologies Pvt. Ltd, Nabros Transport Pvt Ltd, Corrtech International Ltd, John Energy Ltd, Chicago Pneumatic Compressors, Haryana City Gas, CZAR Metric System Pvt Ltd, TLT Engineering India Pvt Ltd, Parixit Irrigation Ltd, Rajendra Piping & Fittings, Swati Switchgears Pvt. Ltd., Tatsuno India Pvt Ltd, Gelbarco Veedar Root, Ratnamani Metals & Tubes Ltd, Rungta Irrigation Ltd, and Therm Transfer Equipment Pvt Ltd.

As of May 31, 2026, the company employed 715 personnel, including regular employees, contract staff, and consultants, across management, project management, engineering, finance, HR, audit, marketing, and operational functions.

The Company provides a range of third-party inspection services, such as :

  • Pre Shipment Inspection
  • Marine Inspection
  • Oil Industry inspection
  • Gas Industry documents inspection
  • Power generation,
  • Mining,
  • Manufacturing industry
  • Industrial Equipment industry
  • Cargo Inspection;
  • Electrical industry;
  • Automotive industry

Competitive Strength:

  1. The Company provides a wide range of services, including inspection, verification, auditing, testing, training, and certification across various industries.
  2. Large Assignment Pipeline and Broad Client Base Across Sectors.
  3. Accredited and Recognized Operations.
  4. Strengthening Technical Expertise through an Experienced and Qualified Team.
  5. Focus on Continuous Employee Training and Skill Developmen.
  6. Quality and Compliance-Driven Processes.
  7. The Company manages its operations across several regions in India, with its head office based in Ahmedabad.

Company Financials (Restated Consolidated)

Period Ended 31 Mar 2026
Assets 35.29
Total Income 35.97
Profit After Tax 4.30
EBITDA 7.90
NET Worth 13.48
Reserves and Surplus 8.71
Total Borrowing 15.68
Amount in ₹ Crore

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IPO Objects of the Issue

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Capital Expenditure for Office premises 4.01
2 Repayment of unsecured loans 3.00
3 Working Capital requirement 7.15
4 General corporate purposes
Total 14.16

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 37.49%
ROCE 24.88%
Debt/Equity 1.15
RoNW 31.92%
EBITDA Margin 21.97%
Price to Book Value 3.64
Pre IPO Post IPO
EPS (₹) 8.76 6.39
P/E (x) 11.41 15.64
Promoter Holding 99.94% 72.92%
Market Cap ₹67.29 Cr.
Bhagirath Bhavsar, Anitaben Bhavsar, Jaykumar Bhavsar, Shivaniben Bhavsar
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Company Financials (Restated Standalone)

Period Ended 31 Mar 2025 31 Mar 2024
Assets 23.51 15.88
Total Income 35.88 23.51
Profit After Tax 4.67 1.68
EBITDA 7.66 2.97
NET Worth 9.33 4.66
Reserves and Surplus 9.32 4.65
Total Borrowing 8.94 6.94
Amount in ₹ Crore

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Lead Manger Fees including Underwriting Commission 0.90
2 Brokerage, selling commission and Marketing 0.03
3 Registrar to the Issue 0.01
4 egal Advisors 0.01
5 Advertising and marketing expenses 0.91
6 Regulators including stock exchanges 0.10
7 Printing and distribution of issue stationary 0.01
8 Market Making fees 0.03
Total 2.00

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Interactive Financial Services Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

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

IPO FAQs

Gulf Lloyds IPO is a SME IPO of 18,19,200 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.

The IPO opens on Mon, Jul 20, 2026, and closes on Wed, Jul 22, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Gulf Lloyds IPO using UPI as a payment gateway. Angel One customers can apply in Gulf Lloyds IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Gulf Lloyds IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Gulf Lloyds IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Gulf Lloyds IPO opens on Mon, Jul 20, 2026 and closes on Wed, Jul 22, 2026.

Gulf Lloyds IPO lot size is 1200, and the minimum amount required for application is ₹2,40,000, with 2 lots being the minimum application size.

You can apply in Gulf Lloyds IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Gulf Lloyds IPO will be done on Thursday, July 23, 2026, and the allotted shares will be credited to your demat account by Fri, Jul 24, 2026. Check the Gulf Lloyds IPO allotment status.

The Gulf Lloyds IPO listing date is not yet announced. The tentative date of listing is Mon, Jul 27, 2026.

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