 IPO.webp)
Gulf Lloyds IPO- Company Analysis
Gulf Lloyds (India) IPO under the SME IPO category is a fixed price issue of Rs. 18.19 Cr by Gulf Lloyds (India) Limited and serves a variety of sectors and geographical areas by offering third-party inspection, auditing, certification, testing, and training services.
The company offers organizations and public sector entities third-party inspection, Auditing, Testing, Training, and Certification services. For quality and safety compliance, technical requirements, and customer needs, the company assesses its work, processes, and products. Its services enable businesses of all sizes to increase efficiency, reduce expenses, and improve compliance.
The registered office of the company is located in Ahmedabad, Gujarat, India. With more than ten years of expertise, it has completed projects in the USA, UAE, China, Germany, and other countries in addition to India.
Gulf Lloyds (India) IPO Details
The Gulf Lloyds (India) IPO date of opening is 20 Jul 2026; its initial public offering will end on 22 Jul, IPO allotment on Jul 23 and refund initiation on Jul 24, 2026.
The Rs. 18.19 crore new SME IPO comprises a wholly fresh issue of 0.18 crore shares.
The Gulf Lloyds (India) IPO listing date (expected) might be Monday, Jul 27, 2026, and listing on the BSE and SME.
The Gulf Lloyds (India) IPO price band is Rs. 100.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jul 20, 2026 |
|
IPO Closing Date |
Jul 22, 2026 |
|
IPO Allotment Date |
Jul 23, 2026 |
|
Refund Initiation |
Jul 24, 2026 |
|
IPO Listing Date |
Jul 27, 2026 |
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Company Financials (Restated Consolidated)
(Amount in Cr)
|
Particulars |
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 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow from Operating Activities |
94.23 |
(502.16) |
20.68 |
|
Net Cash Flow Investing Activities |
(174.11) |
(38.36) |
(63.33) |
|
Net Cash Flow Financing Activities |
101.76 |
586.40 |
39.99 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill the following goals:
- Capital Expenditure for Office premises. ~ Rs. 4.01 Cr.
- Repayment of unsecured loans. ~ Rs. 3 Cr.
- Working Capital requirement. ~ Rs. 7.15 Cr.
- General Corporate Purposes.
Listed Peers of Gulf Lloyds (India) Ltd.
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Valuation
|
KPI |
Value (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 |
|
ROE |
37.49% |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 9.51 from the last year, the resulting P/E ratio is 10.51x.
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IPO's Strengths
- The Company provides a wide range of services, including inspection, verification, auditing, testing, training, and certification across various industries.
- Large Assignment Pipeline and Broad Client Base Across Sectors.
- Accredited and Recognized Operations.
- Strengthening Technical Expertise through an Experienced and Qualified Team.
- Focus on Continuous Employee Training and Skill Development.
IPO's Weaknesses
- Accreditation Compliance Risk.
- Third-Party Laboratory Dependency.
- Office Expansion Risk.
Gulf Lloyds (India) IPO GMP (Grey Market Premium)
Gulf Lloyds (India) IPO GMP today is Rs. 3 as of 15 July 2026, while writing this information.
Gulf Lloyds (India) IPO Summary
|
IPO Opening & Closing Date |
20 Jul, 2026 to 22 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 100 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
18,19,200 Shares (Rs. 18 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
17,28,000 Shares (Rs. 17 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Fixed Price Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,40,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,60,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Gulf Lloyds (India) IPO Allotment Status
To check the Gulf Lloyds (India) IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Gulf Lloyds (India) Ltd.
- Jaykumar Bhavsar
- Bhagirath Bhavsar
- Anitaben Bhavsar
- Shivaniben Bhavsar.
|
Pre-Issue Promoter Shareholding |
99.94% |
|
Post-Issue Promoter Shareholding |
72.92% |
IPO Lead Managers
- Interactive Financial Services Ltd.
Dividend Policy
The company has not declared a dividend since its incorporation.
Conclusion
The Gulf Lloyds (India) IPO offers investors exposure to a growing inspection, testing, auditing, training, and certification services company with healthy profitability ratios. However, investors should carefully assess its debt levels, accreditation risks, third-party laboratory dependence, and SME IPO liquidity before applying.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
