Gulf Lloyds (India) IPO
Fixed Price IPO | ₹18.00 Cr | Listing at BSE SME
Closed
IPO Open
Thu, Aug 20, 2026
IPO Close
Sat, Aug 22, 2026
Price Band
₹100.00 to ₹100.00
Market Cap (Pre-IPO)
₹63.93 Cr
IPO Details
| IPO Date | Aug 20, 2026 to Aug 22, 2026 |
| Listing Date | Tentative: Aug 27, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹100.00 to ₹100.00 |
| Lot Size | 1200 Shares (Minimum: ₹120,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Issue Size | ₹18.00 Crores |
| Total Shares Offered | 1,819,200 shares |
| Fresh Issue | 1,728,000 shares |
| Offer For Sale | 1,819,200 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| NII | 2.86x |
| Total | 10.85x |
Gulf Lloyds (India) IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50.00 |
| Retail Shares Offered | 50.00 |
| NII Shares Offered | 100.00 |
Gulf Lloyds (India) 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 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹240,000 |
| Retail (Max) | 2 | 2,400 | ₹240,000 |
| S-HNI (Min) | 3 | 3,600 | ₹360,000 |
Gulf Lloyds (India) Financial Information (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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 37.49% |
| ROCE (Return on Capital Employed) | 24.88% |
| Debt/Equity | 1.15 |
| RoNW (Return on Net Worth) | 31.92% |
| PAT Margin (Profit After Tax Margin) | 21.97% |
| Price to Book Value | 3.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.76 | 6.39 |
| P/E (x) | 11.41 | 15.64 |
Company Overview
Gulf Lloyds (India) Ltd. – Company Overview
- Gulf Lloyds (India) Ltd. is engaged in providing third-party inspection, auditing, testing, certification, and training services across multiple industries.
- The company serves public sector undertakings and private organisations, helping them ensure quality, safety, regulatory compliance, and adherence to technical specifications.
- Service Portfolio:
- Pre-Shipment & Cargo Inspection
- Marine Inspection
- Oil & Gas Industry Inspection
- Power Generation Inspection
- Mining & Manufacturing Inspection
- Industrial Equipment Inspection
- Electrical & Automotive Inspection
- Auditing, Testing & Certification
- Training Services
- The company has over a decade of experience and has executed projects across India and international markets, including the USA, UAE, China, and Germany.
- Its clientele includes companies such as IOAGPL, Ratnamani Metals & Tubes, John Energy, Chicago Pneumatic Compressors, Tatsuno India, and Corrtech International, among others.
- The company's registered office is located in Ahmedabad, Gujarat, and it focuses on providing customer-oriented, efficient, and cost-effective inspection and certification solutions.
- As of May 31, 2026, the company had 715 personnel, including regular employees, contract staff, and consultants.
Company Strengths
- 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.
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Services |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹63.93 Cr |
Important Dates
| IPO Open | Aug 20, 2026 |
| IPO Close | Aug 22, 2026 |
| Allotment Date | Aug 23, 2026 |
| Credit to Demat | Aug 24, 2026 |
| Listing Date | Tentative: Aug 27, 2026 |
Lead Manager(s)
Interactive Financial Services Ltd.
Registrar
Description
- IPO Type: Fixed price issue aggregating to ₹18.19 crores.
- Issue Structure: Entirely a fresh issue of 0.18 crore shares aggregating to ₹18.19 crores.
- IPO Dates: The issue opened on July 20, 2026 and closed on July 22, 2026.
- Allotment Date: The allotment was finalized on July 23, 2026.
- Listing Details: The shares were listed on the BSE SME platform on July 27, 2026.
- Retail Investment Requirement: Minimum 2 lots (2,400 shares) amounting to approximately ₹2,40,000.
- HNI Investment Requirement: Minimum 3 lots (3,600 shares) amounting to approximately ₹3,60,000.
- Issue Price: ₹100 per equity share.
- Lot Size: 1,200 shares per lot.
This IPO offered investors an opportunity to participate in the company through a fresh issue of shares and was listed on the BSE SME platform.