Summary
Gulf Lloyds IPO is a ₹1,819.20 lakh fixed-price SME issue opening from 20 to 22 July 2026.
Gulf Lloyds is a provider of 3rd party services that include inspection, testing, etc. across many industries.
The IPO GMP shows mild positive sentiment. The IPO can be suitable for investors comfortable with SME IPOs and related risks.
Gulf Lloyds IPO is a fixed price SME IPO of ₹1,819.20 Lakhs. The issue is entirely a fresh issue of 1819200 equity shares.
Subscription starts from 20 to 22 July 2026. The allotment is to be finalised on 23 July 2026 and listed on the BSE SME tentatively on 27 July 2026.
The IPO is offered at ₹100 per share. The application lot size is 1,200 shares.
An individual investor shall bid for 2 lots or 2,400 shares that require a minimum investment of ₹2,40,000 based on the upper price. HNIs shall bid for 3 lots or 3,600 shares, bringing the minimum investment to ₹3,60,000.
Gulf Lloyds IPO–Key Details
Here are some key details of the IPO:
| IPO Open | 20 July 2026 |
| IPO Close | 22 July 2026 |
| Face value | ₹10/share |
| Price Band | – |
| Issue price | ₹100/share |
| IPO Lot Size | 1,200 shares |
| Offer-for-sale | – |
| Fresh issue | 18,19,200 shares (₹1,819.20 Lakhs) |
| Issue Type | Fixed-price/SME |
| Listing | BSE SME |
| Total Issue Size (₹ lakhs) | ₹1,819.20 Lakhs |
| Minimum Investment (Retail) | ₹2,40,000 |
Gulf Lloyds IPO–Timeline
The timeline for the IPO is as follows:
| Bid Open Date | 20 July 2026 |
| Bid Close Date | 22 July 2026 |
| Allotment | 23 July 2026 |
| Refunds Initiated | 24 July 2026 |
| Share Credit Date | 24 July 2026 |
| Listing | 27 July 2026 |
| UPI mandate Cut-off time | 22 July 2026 (05:00 PM) |
Gulf Lloyds Limited–Key Performance Indicators (KPIs)
Check the KPIs of the company:
| KPIs | 2026 | 2025 | 2024 |
| ROE (%) | 37.49 | 66.77 | 43.93 |
| ROCE (%) | 24.88 | 39.77 | 23.93 |
| Debt-Equity Ratio (in times) | 1.15 | 0.96 | 1.49 |
| RoNW (%) | 31.92 | 50.06 | 36.02 |
| PAT Margin (%) | 12.06 | 13.11 | 7.21 |
| EBITDA Margin (%) | 21.97 | 21.36 | 12.61 |
| Price-Book Value | 3.64 | – | – |
Gulf Lloyds Limited–Financial Information
| 2026 | 2025 | 2024 | |
| Revenue | 3567.94 | 3560.82 | 2325.99 |
| Assets | 3,528.85 | 2,350.92 | 1,588.38 |
| Profit After Tax | 430.29 | 466.80 | 167.75 |
(Amount in ₹ lakhs)
Gulf Lloyds IPO–Subscription Status
Subscription status not available!
Will be updated once subscription starts.
Apply on the issue dates between 10:00 AM and 5:00 PM.
Gulf Lloyds IPO–Grey Premium Market (GMP)
The latest GMP of the Gulf Lloyds SME IPO is ₹6 as of 16 July 2026, 9:53 AM IST.
This brings the estimated listing price to around ₹106 per share, considering the price of ₹100. This indicates a listing gain of about 6%.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 16-07-2026 | ₹6 ─ | ₹106 (6.00%) | ₹7,200 | 16-Jul-2026 12:54 |
| 15-07-2026 | ₹6 ─ | ₹106 (6.00%) | ₹7,200 | 15-Jul-2026 23:31 |
Note: GMP is an unofficial market indicator and should not be considered a guarantee of the actual listing price.
Gulf Lloyds IPO–Reservation
The following table provides a summary of the issue details:
| Investor Classification | Shares offered | % Allocation |
| Market Maker | 91,200 | 5.01% |
| QIBs | – | – |
| NIIs | 8,64,000 | 47.49% |
| Retail Investors | 8,64,000 | 47.49% |
Gulf Lloyds IPO–Lot Size
Retail investors are required to bid for 2 lots. Thereafter, other investors may apply in multiples of 1,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum Application | 2 | 2,400 | ₹2,40,000 |
| Retail Maximum Application | 2 | 2,400 | ₹2,40,000 |
| HNI Minimum Application | 3 | 3,600 | ₹3,60,000 |
Gulf Lloyds IPO–Anchor Investors Details
Gulf Lloyds Ltd have not reserved any portion for the anchor investors.
Gulf Lloyds IPO–Prospectus
Refer to the following offer documents for more details:
About Gulf Lloyds Limited
Incorporation: 26 September 2014
Managing Director: Jaykumar Bhavsar
Gulf Lloyds Limited is a service company that offers third-party inspection, auditing, training services and other services. It works across industries and provides its services in multiple regions.
The company has customers in sectors such as infrastructure, oil and gas, irrigation, and industrial equipment.
| Name | |
| Book Running Lead Manager (BRLM) | Interactive Financial Services Ltd |
| Registrar | Kfin Technologies Ltd |
Gulf Lloyds IPO Objectives
The proceeds from the IPO are planned to be utilised as follows:
| Particulars | Amount (in ₹ lakhs) |
| Setting new office premises | 371.05 |
| Payment of borrowings | 300.00 |
| Operational requirements | 715.00 |
| Corporate purpose | 233.15 |
| Total use of net proceeds | 1619.20 |
Gulf Lloyds Limited–Strengths
- Wide range of quality services: The company offers third-party services that give clients complete quality and compliance support under one company.
- Strong order book and diverse client base: As of 31 May 2026, the company had 107 ongoing projects of ₹6679.43 lakh. The company provides its services to the government and the private sector.
- Certifications and recognition: The company provide services under ISO/IEC 17020:2012 accreditation. It is also recognised by NABCB and PNGRB.
- Qualified technical team: The company’s members help to deliver projects efficiently and maintain quality and timely completion.
Gulf Lloyds Limited–Risks
- Strict compliance requirements: The company must regularly meet NABCB compliance standards. Any failure or change in rules could affect its business operations.
- Dependence on external testing laboratories: Gulf Lloyds depends on NABL-accredited third-party laboratories for some testing work. Any disruption may delay project completion.
- Delay in office purchase: The company plans to buy a new office. Any delay in completing the purchase could slow its expansion plans.
- Dependence on a few suppliers: The company relies on a small number of suppliers for some of its services. Losing any major supplier could affect operations.
Gulf Lloyds IPO–Review
Gulf Lloyds has a well-established business and serves clients from many industries. It has a good order book, healthy financial performance, and recognised certifications, which support its business growth.
The company also faces some risks, including dependence on regulatory compliance, third-party laboratories, and a few suppliers. The GMP shows limited positive market sentiment. Overall, the IPO appears balanced, with both strengths and risks to consider.
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Gulf Lloyds IPO FAQs
Gulf Lloyds IPO is a fixed-price SME IPO worth ₹1,819.20 lakhs. The issue consists entirely of a fresh issue of 18,19,200 equity shares and will be listed on the BSE SME platform.
You can apply through your stockbroker or a supported banking app using the ASBA process or UPI. Submit your application between 20 July and 22 July 2026 before the cut-off time.
The company has a specialised business, recognised certifications, and a strong order book. However, investors should also consider its dependence on regulatory approvals, external laboratories, and a few suppliers before making any decision.
Based on the latest GMP of ₹6, the estimated listing price is around ₹106 per share, indicating a possible listing gain of about 6%. GMP is unofficial, and actual listing performance may differ.
The Gulf Lloyds IPO will open for subscription on 20 July 2026 and close on 22 July 2026. Investors can apply during market hours on these dates.
The IPO lot size is 1,200 shares. Retail investors must apply for a minimum of 2 lots or 2,400 shares, requiring an investment of ₹2,40,000.
The Gulf Lloyds IPO allotment is expected to be finalised on 23 July 2026. Successful applicants will receive shares before the listing date.
The Gulf Lloyds IPO is tentatively scheduled to list on the BSE SME platform on 27 July 2026, subject to regulatory approvals and completion of the IPO process.
