Gulf Lloyds (India) IPO
Miscellaneous • ₹18cr
High risk because:
- 5 material risk factors disclosed in DRHP
- SME listing with thinner post-listing liquidity
- Revenue depends on a limited number of customers, and losing key clients could impact the …
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹20-22
Lot Size
1200 shares
Issue Size
₹18cr
Open
20 Jul 2026
Close
22 Jul 2026
Subscription
—
GMP +₹1 → est. ₹23
IPO Schedule
| Issue Open Date | 20 Jul 2026 |
| Issue Close Date | 22 Jul 2026 |
| Allotment Date | 23 Jul 2026 |
| Listing Date | 27 Jul 2026 |
About Gulf Lloyds (India)
Gulf Lloyds (India) Limited is a services company that provides third-party inspection, auditing, verification, certification, testing, and training services across industries. It serves public sector undertakings and private organisations by assessing whether products, projects, and processes comply with applicable quality, safety, technical, and regulatory standards. Its services cover sectors such as infrastructure, oil and gas, engineering, manufacturing, energy, irrigation, industrial equipment, mining, and power. The company also deploys qualified technical personnel to carry out inspection, verification, and audit assignments based on client requirements. Testing services are currently conducted through NABL-accredited third-party laboratories under contractual arrangements. Gulf Lloyds undertakes projects in India and overseas through contractual engagements and has executed assignments in countries including the USA, UAE, Germany, the UK, Singapore, China, Egypt, and Sudan. The company’s registered office is located in Ahmedabad, Gujarat. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Capital expenditure for office premises — Rs 3.71 crore Repayment of unsecured loans — Rs 3 crore Working capital requirement — Rs 7.15 crore General corporate purposes — Rs 2.33 crore
Company Details
Founders / Promoters
Mr Jay Bhavsar
Founded
2014
Registrar
KFin Technologies Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Gulf Lloyds (India) — IPOFins Verdict
QuantitativeDriven by elevated disclosed risk (7/10), Gulf Lloyds (India) listed at a premium of 354.5% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- 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.
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Actual listing outcome → score +1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹22
Listing Price
₹100
Listing Gain/Loss
+354.55%
Listing Date
27 Jul 2026
Price Since Listing
Returns are measured against the ₹22 issue price.
Listing
₹100
+354.5%
Current
₹81.46
+270.3%
Want to buy this stock?
Trade Gulf Lloyds (India) on the secondary market
FAQ
What is the price band of Gulf Lloyds (India) IPO?
The price band is ₹20-22 per share with a lot size of 1200 shares. Minimum investment: ₹26,400.
What does Gulf Lloyds (India) do?
Gulf Lloyds (India) Limited is a services company that provides third-party inspection, auditing, verification, certification, testing, and training services across industries. It serves public sector undertakings and private organisations by assessing whether products, projects, and processes comply with applicable quality, safety, technical, and regulatory standards. Its services cover sectors such as infrastructure, oil and gas, engineering, manufacturing, energy, irrigation, industrial equipment, mining, and power. The company also deploys qualified technical personnel to carry out inspection, verification, and audit assignments based on client requirements. Testing services are currently conducted through NABL-accredited third-party laboratories under contractual arrangements. Gulf Lloyds undertakes projects in India and overseas through contractual engagements and has executed assignments in countries including the USA, UAE, Germany, the UK, Singapore, China, Egypt, and Sudan. The company’s registered office is located in Ahmedabad, Gujarat. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Capital expenditure for office premises — Rs 3.71 crore Repayment of unsecured loans — Rs 3 crore Working capital requirement — Rs 7.15 crore General corporate purposes — Rs 2.33 crore
Should I apply for Gulf Lloyds (India) IPO?
Gulf Lloyds (India) listed at ₹100 (+354.5% premium to the ₹22 issue price). IPOFins Score 5/10: Driven by elevated disclosed risk (7/10), Gulf Lloyds (India) listed at a premium of 354.5% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Gulf Lloyds (India)?
Gulf Lloyds (India) was founded by Mr Jay Bhavsar in 2014.