Archive · 27 Jul 2026
Gulf Lloyds SME IPO lists flat on BSE
Gulf Lloyds, a company that provides services like inspection, auditing, and certification, had its shares listed on the BSE on Monday, 27 July.
The shares started at ₹100, the same as the issue price, but then dropped to ₹95, which is the lower price limit.
Even though the overall market was doing well, Gulf Lloyds' shares didn't perform as well.
The company had raised ₹18.19 crore through its IPO, which was subscribed 11 times.
Gulf Lloyds makes money by offering services to different industries.
Gulf Lloyds' shares listed on BSE on Monday, 27 July, opening at ₹100 and dropping to ₹95.
The IPO was subscribed 11 times, raising ₹18.19 crore.
The equity benchmark Sensex was up 0.70% at 76,594.
Gulf Lloyds operates in the services sector, providing inspection, auditing, and certification services.
The company's consolidated revenue for FY26 was ₹35.68 crore, with a profit of ₹4.30 crore.
- Who
- Gulf Lloyds (India)
- What
- SME stock listing on BSE
- When
- Monday, 27 July
- Where
- BSE (Bombay Stock Exchange)
- Why
- To raise funds through an IPO
Positive Market Sentiment
Gulf Lloyds IPO Performance
Market Performance
Positive Market Sentiment
The equity benchmark Sensex was up 0.70% at 76,594, boosted by positive global cues, a decline in crude oil prices, and healthy buying in IT, banking, and financial heavyweights.
Gulf Lloyds IPO Performance
Gulf Lloyds' share price opened at ₹100, at par with the issue price, and dropped 5% to its lower price band of ₹95.
- Listing Date
- Monday, 27 July
- Opening Price
- ₹100
- Lower Price Band
- ₹95
- IPO Subscription Period
- 20 July to 22 July
- Overall Subscription
- 11 times
- Issue Price
- ₹100 per share
- Total Shares Issued
- 18,19,200 shares
- Total Funds Raised
- ₹18.19 crore
- Consolidated Revenue (FY26)
- ₹35.68 crore
- Profit (FY26)
- ₹4.30 crore