Archive · 20 Jul 2026
Gulf Lloyds IPO Opens with Strong GMP
Gulf Lloyds (India) has launched its IPO, which opened for subscription on 20 July and will close on 22 July.
The IPO aims to raise ₹18.19 crore by issuing 18,19,200 shares at ₹100 per share.
The company plans to use the funds to pay off loans, meet working capital needs, and cover general corporate expenses.
The IPO has seen strong interest, with a grey market premium of ₹29, suggesting a potential 29% listing gain.
By midday on the first day, the IPO was subscribed nearly 2 times.
The company operates in the services sector, providing inspection, auditing, certification, testing, and training services.
Its revenue for FY26 was ₹35.68 crore, with a profit of ₹4.30 crore.
The shares are expected to be listed on the BSE SME platform on 27 July.
Gulf Lloyds IPO opened for subscription on 20 July and will close on 22 July.
The IPO aims to raise ₹18.19 crore through the issuance of 18,19,200 shares at ₹100 per share.
The company plans to use the proceeds for loan repayment, working capital, and general corporate purposes.
The grey market premium (GMP) indicates a potential 29% listing gain.
The IPO was subscribed nearly 2 times by midday on the first day.
- Who
- Gulf Lloyds (India), an Ahmedabad-based company
- What
- Initial public offering (IPO) opening for subscription
- When
- 20 July to 22 July, with listing on 27 July
- Where
- BSE SME platform
- Why
- To raise funds for loan repayment, working capital, and general corporate purposes
Investor Optimism
Market Caution
Grey Market Premium
Investor Optimism
The high GMP of ₹29 indicates strong investor interest and potential for significant listing gains.
Market Caution
Grey market premiums can be volatile and may not always reflect the actual listing price.
Subscription Status
Investor Optimism
The IPO being subscribed nearly 2 times by midday shows robust demand.
Market Caution
High subscription rates do not always guarantee a successful listing or long-term performance.
- IPO Date
- 20 July - 22 July
- Issue Price
- ₹100 per share
- IPO Size
- ₹18.19 crore
- Lot Size
- 2,400 shares (₹2,40,000)
- Allotment Date
- 23 July
- Listing Date
- 27 July
- Business Overview
- Third-party inspection, auditing, certification, testing, and training services
- Revenue (FY26)
- ₹35.68 crore
- Profit (FY26)
- ₹4.30 crore