| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹18.19 Cr |
| Reserved for Market Maker | ₹0.91 Cr |
| Net Issue Size | ₹18.19 Cr |
| Fresh Issue | ₹17.28 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹100.00 per share |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Interactive Financial Services Ltd. |
| Allotment Date (Tentative) | 23rd Jul 2026 |
| DRHP |
| Final Prospectus |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
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% |
Gulf Lloyads (India) Limited is a service-based company engaged in delivering third-party inspection, auditing, certification, testing, and training solutions to clients across multiple industries. The company serves both public sector enterprises and private organizations by helping them meet quality, safety, and regulatory standards.
Its core services involve evaluating products, industrial processes, projects, and operational systems to ensure compliance with technical specifications, industry regulations, and customer requirements. Through these services, the company enables businesses to improve operational efficiency, strengthen quality control, reduce costs, and maintain regulatory compliance.
Headquartered in Ahmedabad, Gujarat, Gulf Lloyads has more than a decade of industry experience. Over the years, it has successfully completed assignments across India as well as in international markets such as the United States, the United Arab Emirates, China, Germany, and several other countries.
The company offers cost-effective and customer-oriented inspection and certification solutions tailored to the requirements of diverse industries. Its client portfolio includes organizations such as 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., Gilbarco Veeder-Root, Ratnamani Metals & Tubes Ltd., Rungta Irrigation Ltd., and Therm Transfer Equipment Pvt. Ltd.
As of May 31, 2026, the company had a workforce of 715 employees, comprising permanent staff, contract personnel, and consultants. These professionals are deployed across key functions including management, engineering, project execution, finance, human resources, auditing, marketing, and operations.
Competitive StrengthsThe 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 |
| 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 | |
| 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 |
| Metric | 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. | |
| # | 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 |