Gulf Lloyds (India) IPO GMP today is Rs 1. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
GULF
Gulf Lloyds (India) IPO GMP & Allotment
Gulf Lloyds (India) Limited operates in the services sector, providing third-party inspection, verification, auditing, testing, training and certification services to public sector undertakings as well as private organisations across multiple industries. The company deploys trained and technically qualified personnel to carry out inspection, verification and audit assignments in accordance with client requirements and applicable standards. Its services support quality assurance, regulatory compliance and operational requirements across different sectors. The company generates revenue primarily from inspection and other related service assignments, with domestic operations contributing the majority of its income, while it also undertakes select international assignments. Gulf Lloyds follows a service-led business model focused on technical expertise and compliance with recognised inspection and certification standards. Its operations are supported by qualified professionals, established quality systems and inspection procedures designed to meet industry and regulatory requirements.
- IPO Price Band
- ₹100.00 - ₹100.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 22 Jul 2026
- Listing Date
- 27 Jul 2026
Quick Answer & Highlights
Gulf Lloyds (India) IPO GMP Today & Key Takeaways
Last updated: 23 Jul 2026
Gulf Lloyds (India) IPO officially listed on 27 Jul 2026 at Rs 100.00, delivering a +0.00% listing gain compared to its issue price of Rs 100.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹1.
Gulf Lloyds (India) IPO officially listed on 27 Jul 2026 at ₹100.00, delivering a +0.00% listing gain compared to its issue price of ₹100.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹1.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹1 | +1% vs upper band (23 Jul 2026) |
| Est. Listing Price | ₹100.00 | +0.00% Est. Listing Gain |
| Price Band | ₹100.00 - ₹100.00 | SME IPO |
| Retail Minimum Investment | ₹2,40,000 | 2 Lot (1,200 Shares) |
| Bidding Window | 20 Jul 2026 – 22 Jul 2026 | Listed |
| Allotment & Listing Dates | Allotment: 23 Jul 2026 | Listing: 27 Jul 2026 |
Current GMP Status
₹1
+1% vs upper band
Est. Listing Gain
+0.00%
Last Trend
23 Jul 2026
Listing Price
₹100.00
Retail Entry
₹2,40,000
IPO Details
Complete IPO information
| IPO Open Date | 20 Jul 2026 |
|---|---|
| IPO Close Date | 22 Jul 2026 |
| IPO Price Band | ₹100.00 - ₹100.00 |
| Lot Size | 1,200 Shares |
| Current GMP | ₹1 |
| Estimated Listing Gain | +0.00% |
| Issue Size | Approx ₹18.19 Cr |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 10.85x |
| Minimum Investment | ₹2,40,000 |
| DRHP Draft Prospectus | - |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Gulf Lloyds (India) is priced at ₹100 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,40,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Gulf Lloyds (India) stands at ₹1, implying an estimated listing gain of around 1.00% over the issue price if it holds until listing. This is down ₹2 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Gulf Lloyds (India)'s IPO was subscribed 10.85x overall, with a category-wise breakdown of Retail 18.83x.
Among the strengths highlighted in Gulf Lloyds (India)'s IPO documents: Offers a comprehensive range of inspection, auditing, testing, training and certification services.; Has a large assignment pipeline and serves clients across multiple industry sectors..
Investors should also weigh the risk factors Gulf Lloyds (India) has disclosed, including: Revenue depends on a limited number of customers, and losing key clients could impact the business..
A share of Gulf Lloyds (India)'s issue proceeds is earmarked for Repayment Of Borrowings: 3 (16.49%).
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
20 Jul 2026
✓
Bidding Closes
22 Jul 2026
✓
Allotment
23 Jul 2026
✓
Listing
27 Jul 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 20 Jul 2026 | Completed |
| Bidding Closes | 22 Jul 2026 | Completed |
| Allotment | 23 Jul 2026 | Completed |
| Listing | 27 Jul 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 23 Jul 2026 | ₹1.00 | -₹2.00 | 1.00% |
| 22 Jul 2026 | ₹3.00 | -₹12.00 | 3.00% |
| 21 Jul 2026 | ₹15.00 | -₹10.00 | 15.00% |
| 20 Jul 2026 | ₹25.00 | - | 25.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,40,000 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,40,000 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,60,000 |
| S-HNI Maximum | 8 Lot | 9,600 | ₹9,60,000 |
| B-HNI Minimum | 9 Lot | 10,800 | ₹10,80,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 3 (16.49%)
- Working Capital 7.15 (39.31%)
- General Corporate Purpose 4.03 (22.15%)
Issue Notes
Important takeaways before applying
Strengths
- Offers a comprehensive range of inspection, auditing, testing, training and certification services.
- Has a large assignment pipeline and serves clients across multiple industry sectors.
- Operates with accredited and recognised quality and compliance processes.
- Supported by an experienced, technically qualified team for inspection and audit services.
- Focuses on continuous employee training and skill development to maintain service quality.
Risks
- Revenue depends on a limited number of customers, and losing key clients could impact the business.
- The company relies on a third-party NABL-accredited laboratory for certain testing services.
- Errors or deficiencies in inspection and testing reports could damage reputation and lead to liabilities.
- The business is subject to NABCB inspections and changing accreditation requirements that could affect operations.
- A significant share of revenue comes from Gujarat, making the business sensitive to adverse developments in the state.
Analysis
Gulf Lloyds IPO Reservation
Gulf Lloyds Limited has reserved the IPO shares between the Non-Institutional Investor (NII) category and the Retail Individual Investor (RII) category. As this is a Fixed Price Issue, the allocation has been structured to provide equal participation opportunities to both investor segments.
The following table shows the category-wise reservation of shares for the Gulf Lloyds IPO.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| NII Shares Offered | 8,64,000 Shares | 50% |
| Retail Shares Offered | 8,64,000 Shares | 50% |
Analysis
Gulf Lloyds IPO Dates
The Gulf Lloyds IPO will open for subscription on July 20, 2026 and remain open until July 22, 2026. During this subscription window, eligible investors can apply for shares through the ASBA process or UPI-supported applications offered by registered brokers and banks.
The basis of allotment is expected to be finalized on July 23, 2026. Refunds for unsuccessful applicants and the credit of allotted shares to successful investors' demat accounts are scheduled for July 24, 2026. The equity shares of Gulf Lloyds Limited are proposed to be listed on the BSE SME platform on July 27, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 20, 2026 |
| IPO Close Date | July 22, 2026 |
| Basis of Allotment | July 23, 2026 |
| Refunds Initiation | July 24, 2026 |
| Credit to Demat Account | July 24, 2026 |
| IPO Listing Date | July 27, 2026 |
Analysis
Gulf Lloyds (India) IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 20 Jul 2026 |
| IPO Close Date | 22 Jul 2026 |
| Basis of Allotment | 23 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 27 Jul 2026 |
Note: The timeline for Gulf Lloyds (India) IPO is tentative and subject to change.
Analysis
Gulf Lloyds IPO Objects of the Issue & Utilisation of Proceeds
Gulf Lloyds Limited intends to utilize the net proceeds from its IPO to strengthen its financial position and support future business growth. The company plans to invest in capital expenditure for new office premises, reduce debt by repaying unsecured loans, and enhance its working capital to support expanding business operations.
These proposed fund allocations are expected to improve operational efficiency, strengthen the company's balance sheet, and provide adequate liquidity for day-to-day business activities. Any remaining proceeds, if applicable, will be utilized for general corporate purposes.
| Purpose | Amount |
|---|---|
| Capital Expenditure for Office Premises | ₹4.01 Crores |
| Repayment of Unsecured Loans | ₹3.00 Crores |
| Working Capital Requirement | ₹7.15 Crores |
| General Corporate Purpose | – |
Note: The proposed utilization of IPO proceeds is based on the objectives disclosed in the offer document. The actual deployment of funds will be carried out in accordance with the company's business requirements and applicable regulatory guidelines.
Analysis
Gulf Lloyds (India) Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Gulf Lloyds IPO Company Financial Report
Gulf Lloyds Limited has demonstrated steady financial growth over the last three financial years. The company has reported consistent growth in revenue, profitability, and total assets, reflecting improved operational performance and a strengthening financial position ahead of its proposed IPO.
The following financial summary highlights the company's reported revenue, expenses, profit after tax (PAT), and total assets for the recent financial years. These figures provide investors with an overview of Gulf Lloyds Limited's financial performance before the public issue.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹23.51 | ₹21.19 | ₹1.68 | ₹15.88 |
| 2025 | ₹35.88 | ₹29.61 | ₹4.67 | ₹23.51 |
| 2026 | ₹35.97 | ₹30.33 | ₹4.30 | ₹35.29 |
Amount in ₹ Crores: The above financial figures are based on the company's reported financial statements and are intended to provide investors with an overview of Gulf Lloyds Limited's financial performance before the IPO.
Analysis
Gulf Lloyds (India) Company Financials
To Be Updated Soon
Analysis
Gulf Lloyds (India) Company Valuation – FY2026
To Be Updated Soon
Analysis
Gulf Lloyds (India) IPO Peer Group Comparison
To Be Updated Soon
Comparison
Compare Gulf Lloyds (India) IPO with similar IPOs
FAQ
Gulf Lloyds (India) IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 1 and an issue price of Rs 100, the estimated listing price for Gulf Lloyds (India) IPO is Rs 101.00 (approx 1.00% listing gain). Actual listing price is determined by market demand on the listing day.
Gulf Lloyds (India) IPO price band is Rs 100.00 to Rs 100.00. Check the latest issue price, lot size and GMP together before applying.
Gulf Lloyds (India) IPO open date is 20 Jul 2026, close date is 22 Jul 2026, and listing date is 27 Jul 2026.
Gulf Lloyds (India) IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,40,000.
Gulf Lloyds (India) is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Gulf Lloyds (India) IPO subscription status currently shows Retail 18.83x, Overall 10.85x.
Gulf Lloyds (India) Limited operates in the services sector, providing third-party inspection, verification, auditing, testing, training and certification services to public sector undertakings as well as private organisations across multiple industries. The company deploys trained and technically qualified personnel to carry out inspection, verification and audit assignments in accordance with client requirements and applicable standards. Its services support quality assurance, regulatory compliance and operational requirements across different sectors. The company generates revenue primarily from inspection and other related service assignments, with domestic operations contributing the majority of its income, while it also undertakes select international assignments. Gulf Lloyds follows a service-led business model focused on technical expertise and compliance with recognised inspection and certification standards. Its operations are supported by qualified professionals, established quality systems and inspection procedures designed to meet industry and regulatory requirements.
Gulf Lloyds (India) IPO issue size is 18.19 and the expected allotment date is 23 Jul 2026.
In our empirical study of 104 Indian IPO listings, positive GMP was followed by a positive listing gain 69.9% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 7.8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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