Gulf Lloyds (India) IPO

Gulf Lloyds (India) Limited, incorporated in September 2014, provides third-party inspection, auditing, testing, certification, and training services across multiple industries. The company serves public sector undertakings as well as private organisations by evaluating products, processes, and projects for quality, safety, and regulatory compliance. Headquartered in Ahmedabad, Gujarat, it has completed assignments in India and overseas, including the USA, UAE, China, and Germany. Its services cater to sectors such as oil and gas, marine, power, mining, manufacturing, automotive, and industrial equipment. As of 31 May 2026, the company had a workforce of 715 employees, consultants, and contract staff.

Gulf Lloyds (India) Limited IPO Overview

Gulf Lloyds (India) Limited is launching a Fixed Price SME IPO comprising an entirely fresh issue of 18,19,200 equity shares, aggregating up to ₹18.19 crore. The IPO will open for subscription on 20 July 2026 and close on 22 July 2026. The issue price has been fixed at ₹100 per share, with a face value of ₹10 per share. The shares are proposed to be listed on the BSE SME platform on 27 July 2026. The basis of allotment is expected to be finalised on 23 July 2026, while refunds and credit of shares to successful applicants’ demat accounts are scheduled for 24 July 2026. Interactive Financial Services Ltd. is the book-running lead manager, KFin Technologies Limited is the registrar to the issue, and Prabhat Financial Services Ltd. is the market maker. Retail investors must apply for a minimum of 2,400 shares, while HNI investors must apply for at least 3,600 shares.

Gulf Lloyds (India) Limited IPO Details

Particulars	Details
IPO Date	20 July 2026 to 22 July 2026
Listing Date	27 July 2026
Face Value	₹10 per share
Issue Price	₹100 per share
Lot Size	1,200 Shares
Total Issue Size	18,19,200 shares (aggregating up to ₹18.19 crore)
Fresh Issue	18,19,200 shares (aggregating up to ₹18.19 crore)
Offer for Sale	Nil
Issue Type	Fixed Price IPO
Listing At	BSE SME
Share Holding Pre Issue	49,10,000 shares
Share Holding Post Issue	67,29,200 shares
Market Maker Portion	91,200 shares (aggregating up to ₹0.912 crore)
Book Running Lead Manager	Interactive Financial Services Ltd.
Registrar	KFin Technologies Limited
Market Maker	Prabhat Financial Services Ltd.

Gulf Lloyds (India) Limited IPO Reservation

Investor Category	Shares Offered
Retail	Not less than 50% of the Net Issue
NII (HNI)	Not less than 50% of the Net Issue

Gulf Lloyds (India) Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,40,000
Retail (Max)	2	2,400	₹2,40,000
HNI (Min)	3	3,600	₹3,60,000

Gulf Lloyds (India) Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	99.94%
Post-Issue	72.92%

Gulf Lloyds (India) Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹6.39 (Post Issue)
Price/Earnings (P/E) Ratio	15.64x (Post Issue)
Return on Net Worth (RoNW)	31.92%
Net Asset Value (NAV)	₹18.99
Return on Equity (ROE)	37.49%
Return on Capital Employed (ROCE)	24.88%
EBITDA Margin	21.97%
PAT Margin	11.95%
Debt-to-Equity Ratio	1.15
Price to Book Value	3.64x

Objectives of the Proceeds

• ₹4.01 crore will be utilised towards capital expenditure for acquiring and developing office premises to support business expansion.

• ₹3.00 crore will be used for the repayment or prepayment of unsecured loans, reducing the company’s debt obligations.

• ₹7.15 crore will be allocated to meet the company’s working capital requirements and support day-to-day business operations.

• The remaining proceeds will be utilised for general corporate purposes, including strategic and operational business requirements.

Key Financials (₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	35.29	23.51	15.88
Revenue (Total Income)	35.97	35.88	23.51
Profit After Tax	4.30	4.67	1.68
Reserves and Surplus	8.71	9.32	4.65
Total Borrowings	15.68	8.94	6.94

IPO Strengths of Gulf Lloyds (India) Limited

• Provides a comprehensive portfolio of inspection, auditing, testing, training, and certification services across multiple industries.

• Diversified client base with assignments across public sector undertakings and private organisations in India and overseas.

• Accredited operations supported by experienced engineers, auditors, inspectors, and technical professionals.

• Strong focus on quality assurance, regulatory compliance, and customer-centric service delivery.

• Presence across multiple industrial sectors reduces dependence on a single industry.

• Experienced management team with expertise in inspection, certification, and compliance services.

Peer Group Comparison

• As per the DRHP, there are no comparable listed peers of Gulf Lloyds (India) Limited. Therefore, the company has not provided a peer comparison table.