Gulf Lloyds (India) IPO Day 3: Subscription Climbs To 8.98 Times As ₹18.19 Crore Issue Heads For Closing Today

Mumbai, July 22: The Gulf Lloyds (India) IPO has entered the final day of bidding, with investors continuing to show healthy interest in the fixed price public issue. As subscription enters its last trading session, the ₹18.19 crore BSE SME IPO has been subscribed 8.98 times by 10:34 AM, setting the stage for an active finish before the issue closes later this evening.

SME IPOs often witness a sharp rise in applications on the final day as retail investors and high-net-worth applicants wait until the last few hours to submit their bids. With several hours of subscription still left, today’s figures are expected to change as fresh applications continue to flow in.

Retail Investors Continue To Drive Demand

Retail investors have remained the biggest contributors to the issue throughout the subscription period, and their participation strengthened further on the final day.

By 10:34 AM, the Retail Individual Investors (RII) portion had been subscribed 15.67 times, reflecting sustained interest from individual applicants.

The Non-Institutional Investor (NII) category was subscribed 2.29 times, indicating a steady rise in participation from larger investors as the issue approached its closing bell.

As this is a fixed price SME IPO, the available subscription data does not separately reflect bidding from qualified institutional buyers.

Gulf Lloyds (India) IPO Subscription Status Today

According to exchange data available at 10:34 AM on July 22, investors had bid for 1,55,11,200 equity shares against 17,28,000 shares available for subscription.

The latest subscription figures stood at:

• Retail Investors (RII): 15.67 times
• Non-Institutional Investors (NII): 2.29 times
• Overall Subscription:8.98 times

The IPO had received 6,110 applications at the latest update.

Subscription Momentum Builds On Final Day

The bidding trend has gathered pace with each passing session.

• Day 1: 4.67 times
• Day 2: 8.28 times
• Day 3 (10:34 AM): 8.98 times

With the subscription window remaining open until the evening, investors will now watch whether the issue attracts another wave of applications in the final hours, a pattern commonly seen in SME public offerings.

Gulf Lloyds (India) IPO Details

Gulf Lloyds (India) is looking to raise ₹18.19 crore through a fixed price IPO.

The issue comprises:

• Fresh Issue:17,28,000 equity shares aggregating ₹17 crore

• Market Maker Reservation:91,200 equity shares aggregating ₹0.91 crore

The IPO has been priced at ₹100 per share.

Retail investors are required to apply for a minimum of 2,400 shares, translating into a minimum investment of ₹2,40,000. HNI investors need to apply for at least 3,600 shares, requiring an investment of ₹3,60,000.

The company’s shares are proposed to be listed on the BSE SME platform.

Reservation For Investors

The net issue has been allocated as follows:

• Retail Investors (RII): 50%
• Non-Institutional Investors (NII): 50%

An additional 91,200 shares have been reserved for the market maker.

Key IPO Dates

• IPO Opens: July 20 2026
• IPO Closes:July 22 2026
• Expected Allotment: July 23 2026
• Expected Refund Initiation: July 24 2026
• Expected Credit of Shares: July 24 2026
• Tentative Listing: July 27 2026

About Gulf Lloyds (India)

Incorporated in September 2014, Gulf Lloyds (India) provides third-party inspection, auditing, testing, certification and training services across sectors including infrastructure, engineering, manufacturing and public sector enterprises. The company also offers quality assurance and technical inspection solutions for clients in India and overseas.

Conclusion

With only a few hours left before bidding closes, Gulf Lloyds (India) IPO has maintained healthy subscription momentum, supported largely by strong retail participation. The final subscription figures will now depend on the volume of applications received during the closing hours, after which investors will shift their focus to the allotment process scheduled for July 23 2026.

Source:

• https://www.gulflloydsgroup.com/invester/RHP/Prospectus_Final_13.07.2026.pdf