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IPO details · Updated

Gulf Lloyds (India) Limited

ClosedSMEBSE: 544834
Check Allotment
Price Band
₹100
Lot Size
1,200 shares
Min. Investment
₹1,20,000
Issue Size
₹18.19 Cr
Offer Dates
20 Jul – 22 Jul 2026
Listing
27 Jul 2026

Issue Details

Full details →
Total Issue Size
₹18.19 Cr
18,19,200 shares
Fresh Issue
₹18.19 Cr
18,19,200 shares
Offer for Sale
₹0 Cr
Face Value
₹10 per share
Issue Type
Book-built IPO
Listing At
BSE SME
Shares Pre-Issue
49,10,000
Shares Post-Issue
67,29,200

IPO Timeline

  1. Offer opens

    20 Jul 2026

  2. Offer closes

    22 Jul 2026

  3. Allotment

    23 Jul 2026

  4. Listing

    27 Jul 2026

Issue Allocation

Share of the offer reserved for each investor category

  • HNI47.5%8,64,000 shares
  • Retail47.5%8,64,000 shares
  • MarketMaker5.0%91,200 shares

Subscription Status

Times subscribed by investor category

CategoryOfferedBidsSubscribed
NII8,64,00024,71,040
2.86x
Retail8,64,0001,62,69,120
18.83x
Total17,28,0001,87,40,160
10.85x

Lot Size & Investment

1 lot = 1,200 shares

Retail (min)

2 lots · 2,400 shares

Retail (max)

2 lots · 2,400 shares

ApplicationLotsSharesAmount
Retail22,400₹2,40,000

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26
Assets35.29
Total Income35.97
Profit After Tax4.3
EBITDA7.9
Net Worth13.48
Reserves & Surplus8.71
Total Borrowing15.68

Key Performance Indicators

Key performance indicators
PeriodMar-26
ROE (%)37.49
ROCE (%)24.88
EPS (₹)8.76
P/E (pre-issue)11.41
P/E (post-issue)15.64

About Gulf Lloyds (India) Limited

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

Objects of the Issue

  • Capital Expenditure for Office premises (₹4.01 Cr)
  • Repayment of unsecured loans (₹3.00 Cr)
  • Working Capital requirement (₹7.15 Cr)
  • General corporate purposes

Promoters

  • <p>Jaykumar Bhavsar
  • Bhagirath Bhavsar
  • Anitaben Bhavsar
  • Shivaniben Bhavsar</p>

Company Information

Book running lead managers
  • Interactive Financial Services Ltd.
Registered office
910, Gala Empire, Opp. TV Tower, Drive-in Road, Thaltej Road, Ahmedabad, Gujarat, 380054
Market maker
Prabhat Financial Services Ltd.

Official Documents

Opens the source filing in a new tab

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.