Gulf Lloyds (India) was incorporated on September 26, 2014. The company provides third-party inspection, auditing, certification, testing, and training services across multiple industries and regions. Its services help organizations ensure quality, safety, regulatory compliance, cost control, and operational efficiency
| Bidding Dates |
|---|
| 20 Jul 2026 - 22 Jul 2026 |
| Subscription |
|---|
| 10.35x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 1200 | 1.8 M | ₹100 | 72.92 % | ₹181.9 M | RHP DOC |
Gulf Lloyds IPO SUBSCRIPTION STATUS
22 Jul '26Gulf Lloyds IPO overall subscription rate was 10.35 times the total available shares
Gulf Lloyds IPO retail subscription rate was 17.89 times in the retail segment
Gulf Lloyds IPO non-institutional investor subscription rate was 2.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
22 Jul 2026 (Day 3) | 17.89x | 2.82x | - |
21 Jul 2026 (Day 2) | 13.7x | 2.12x | - |
20 Jul 2026 (Day 1) | 7.7x | 1.08x | - |
Gulf Lloyds FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 35.7 | 4.3 | -1.4 | -2.4 | 22.0% |
| FY25 | 35.6 | 4.7 | 0.9 | -0.3 | 21.4% |
| FY24 | 23.3 | 1.7 | -5.0 | -5.5 | 12.6% |
Gulf Lloyds IPO SUBSCRIPTION STATUS DETAILS
Gulf Lloyds had 1.8 M shares on offer
Gulf Lloyds IPO offer price was ₹100
Gulf Lloyds IPO minimum Investment was ₹240000
Gulf Lloyds IPO issue size was ₹ 181.9 M
Gulf Lloyds had a minimum lot size of 1200 Shares per application
Gulf Lloyds NUMBER OF SHARES ON OFFER
Gulf Lloyds IPO IMPORTANT DATES
| Issue Open Date | 20 Jul 2026 |
| Issue close Date | 22 Jul 2026 |
| Allotment Date | 23 Jul 2026 |
| Refund Date | 24 Jul 2026 |
| Demat Account Credit Date | 24 Jul 2026 |
| Listing Date | 27 Jul 2026 |
| Listing on Exchange(s) | BSE |
| Gulf Lloyds Allotment Status | Exchange/ Registrar |
Gulf Lloyds IPO subscription opened on 20 Jul 2026, and closed on 22 Jul 2026
IPO allotment for Gulf Lloyds was finalized on Thursday, 23 Jul 2026
IPO listing for Gulf Lloyds was on BSE on Monday, 27 Jul 2026
Gulf Lloyds IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 100.0 |
| Listing Close Price | 95.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -57.5% |
Gulf Lloyds Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gulf Lloyds (India) Ltd. | 42.5 | 28.6 | 6.6 | 0.8 | 31.6 | 12.2 | 36 | 4.3 | 6.4 | ||||
| Sagility Ltd. | 42.2 | 19731.8 | 19.9 | 0.4 | 2.6 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 347 | 14993.8 | 24.6 | 1 | 11 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 26.6 | 6208.2 | 14.8 | 0 | 5.6 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 433.3 | 6123.9 | 41.8 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 522.4 | 4326.5 | 37.6 | 1.5 | 5.8 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Gulf Lloyds INFORMATION ON IPO ISSUE
About Gulf Lloyds
Gulf Lloyds (India) was incorporated on September 26, 2014. The company provides third-party inspection, auditing, certification, testing, and training services across multiple industries and regions. Its services help organizations ensure quality, safety, regulatory compliance, cost control, and operational efficiency
Object of the Issue
- Capital expenditure for office premises
- Repayment of unsecured loan
- Working capital requirement
- General corporate purpose
Gulf Lloyds - PROMOTERS
| Name |
|---|
| Jaykumar Bhavsar |
| Anitaben Bhavsar |
| Bhagirath Bhavsar |
| Shivaniben Bhavsar |
Gulf Lloyds - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jaykumar Bhavsar | Managing Director |
| Bhagirath Bhavsar | Chairman & Whole-time Director |
| Anitaben Bhavsar | Whole-time Director |
| Shivam Shah | Director |
| Shikha Agarwal | Independent Director |
| Om Prakash Verma | Additional Independent Director |
Gulf Lloyds Book Running Lead Manager
Interactive Financial Services Limited
mbd@ifinservices.in
Gulf Lloyds Registrar to the Offer
Kfin Technologies Limited
gulf.ipo@kfintech.com
Gulf Lloyds Strengths
Comprehensive range of services
The company offers integrated inspection, testing, auditing, certification, and training services, providing end-to-end quality assurance and compliance solutions across multiple industries. Its comprehensive service portfolio improves project efficiency, ensures regulatory compliance, and eliminates the need for multiple service providers
Quality
The company follows a robust Quality Management System aligned with ISO 9001 and ISO/IEC 17020 standards, ensuring accurate, transparent, and traceable inspection, testing, and auditing services. Regular audits and continuous improvement initiatives help maintain high service quality and compliance with regulatory requirements
Nationwide & regional reach
The company operates across multiple regions in India, enabling it to efficiently serve clients and execute projects, including those at remote locations. Its widespread presence allows faster deployment of skilled personnel, improves project turnaround time, and supports participation in large infrastructure and industrial projects
Gulf Lloyds Risks
Bank guarantee risks
The company is required to furnish bank guarantees for certain contracts, particularly with public sector clients, which may impact its working capital and borrowing capacity. Any failure to meet contractual obligations could result in the invocation of these guarantees, adversely affecting its cash flows, financial position, and reputation
Regulatory risks
The company operates in a highly regulated industry and must comply with evolving technical standards and regulatory requirements. Any changes in these standards may require additional investments in equipment, certifications, and processes, potentially increasing costs and affecting its operations and profitability
Operational risks
The company's inspection services depend on timely access to client sites and coordination with multiple stakeholders. Any project delays, site restrictions, or operational disruptions could postpone assignments, increase costs, delay revenue recognition, and adversely affect its business performance
IPO FAQs
The promoters of the company are Jaykumar Bhavsar, Anitaben Bhavsar, Bhagirath Bhavsar and Shivaniben Bhavsar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 100.0 - 100.0.
The IPO application opens on Jul 20, 2026 and closes on Jul 22, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Jul 23, 2026.
The refund will be credited to your account on Jul 24, 2026.
The allotted shares will be credited to your demat on Jul 24, 2026.
Gulf Lloyds (India) Ltd.’s shares listed on the stock exchanges on Jul 27, 2026.