Gulf Lloyds (India) came to market through an SME IPO that opened on 20 July 2026 and closed on 22 July 2026, and the shares listed on 27 July 2026 on BSE SME. The price band was ₹100 per share and one lot was 1200 shares, so the minimum application was ₹1,20,000. The issue size was ₹18.19 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹100, flat against the issue price of ₹100. Kfin Technologies Ltd was the registrar to the issue, and Interactive Financial Services Ltd was the lead manager.
As of 22 July 2026.
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Overall the issue was subscribed 10.90 times.
Incorporated on September 2014, Gulf Lloyads (India) Limited operates in the Services Sector by providing services related to Third-Party Inspection, Auditing, Certification, Testing, and Training. The company renders Third-Party Inspection, Auditing, Testing, Training and Certification services to public sector undertakings as well as companies. The Company assesses the quality and safety of products, works and processes according to technical specifications as well as requirements of its clients. Its services enable businesses to increase compliance, reduce costs and increase efficiency.
The office of the Company is located at Ahmedabad, Gujarat, India. Having more than a decade of experience, the Company has completed several projects in India as well as overseas countries including United States of America, United Arab Emirates, China, Germany etc. The Company offers a wide variety of customer-oriented services related to certification and inspection which are efficient as well as cost-effective.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Bhagirath Bhavsar, Anitaben Bhavsar. Promoter holding 99.94% before the issue and 72.92% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Gulf Lloyds (India) IPO was a ₹18.19 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹100 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,40,000). The IPO was open from July 20 to July 22, 2026 and was subscribed 10.9x. Shares listed on BSE SME on July 27, 2026 at ₹100, in line with the issue price of ₹100. Kfin Technologies Ltd. is the registrar.
Interactive Financial Services Ltd. is the book running lead manager.
The issue price of Gulf Lloyds (India) IPO is ₹100 per share (fixed price).
The lot size of Gulf Lloyds (India) IPO is 1200 shares.
The minimum investment for Gulf Lloyds (India) IPO is approximately ₹2,40,000 based on the issue price.
The allotment date of Gulf Lloyds (India) IPO is Jul 23, 2026.
Gulf Lloyds (India) IPO's final recorded GMP before listing was ₹1 per share (a 1% premium over the ₹100 upper price band). The shares listed at ₹100. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Gulf Lloyds (India) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Gulf Lloyds (India) IPO allotment status on Rupix for quick and easy access.
₹100 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,20,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,20,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 20 July 2026 and closed on 22 July 2026.
The basis of allotment was published on 23 July 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 27 July 2026 on BSE SME, opening at ₹100.
The issue size was ₹18.19 crore. The fresh issue was 18,19,200 shares (aggregating up to ₹18.19 crore).
It listed at ₹100 against an issue price of ₹100, a gain of 0 percent on listing day.