Gulf Lloyds (India) IPO
Miscellaneous • ₹18.19 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹100
Lot Size
1200 shares
Issue Size
₹18.19 Cr
Open
20 Jul 2026
Close
22 Jul 2026
Subscription
—
IPO Schedule
| Issue Open Date | 20 Jul 2026 |
| Issue Close Date | 22 Jul 2026 |
| Allotment Date | 23 Jul 2026 |
| Listing Date | 26 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 (8/10), Gulf Lloyds (India) listed at a premium of 0.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company claims to offer an integrated range of quality assurance services. Its service portfolio includes third-party inspection, verification, auditing, certification, testing, and training, allo
- The company has an established project pipeline across government and private sector clients. As of May 31, 2026, it had 107 ongoing projects with an aggregate order value of Rs 66.79 crore, with orde
- The company is accredited and certified under multiple quality and compliance standards. It is ISO 9001:2015 certified for its Quality Management System, ISO 14001:2015 certified for its Environmental
- The company claims to undertake projects both in India and overseas. According to the prospectus, it has executed assignments in countries including the USA, UAE, Germany, the UK, Singapore, China, Eg
- The company claims to have a technically qualified workforce for inspection and audit assignments. It deploys engineers, auditors, inspectors, and technical professionals from disciplines such as mech
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Actual listing outcome → score −0.5
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
₹100
Listing Price
₹100
Listing Gain/Loss
+0.00%
Listing Date
26 Jul 2026
Price Since Listing
Returns are measured against the ₹100 issue price.
Listing
₹100
+0.0%
1 Week
₹77.39
-22.6%
Current
₹63.06
-36.9%
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 ₹100 per share with a lot size of 1200 shares. Minimum investment: ₹1,20,000.
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 (+0.0% premium to the ₹100 issue price). IPOFins Score 3/10: Driven by elevated disclosed risk (8/10), Gulf Lloyds (India) listed at a premium of 0.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Gulf Lloyds (India)?
Gulf Lloyds (India) was founded by Mr Jay Bhavsar in 2014.