Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |
Gulf Lloyds (India) Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 19, 2026 to raise funds through Initial Public Offer (IPO).
Gulf Lloyds (India) Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.18 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Interactive Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Gulf Lloyds IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,20,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 18,20,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 49,10,000 shares |
| Share Holding Post Issue | 67,30,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Mar 19, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not Less than 15% of the Net Issue |
Incorporated in September 2014, Gulf Lloyads (India) Limited operates in the Services Sector, providing third-party inspection, Auditing, Certification, Testing, and Training services across various industries and regions.
The company provides Third-Party Inspection, Auditing, Testing, Training and Certification services to public sector undertakings as well as organisations.
The Company evaluates products, works, and processes for quality and safety compliance, technical specifications, and client needs. Its services help organizations of all sizes enhance compliance, control costs, and improve efficiency.
The Company's registered office is in Ahmedabad, Gujarat, India. With over a decade of experience, it has executed projects in India and internationally, including the USA, UAE, China, Germany, and more.
The company provides a range of customer-focused certification and inspection services that are efficient and cost-effective.
The company's customers include Vee Kay Vikram & Co. LLP, Aakash Exploration Services Ltd, Pacific Steel and Alloys, Alexia Panels, APSS Technologies Pvt. Ltd, Euro Panel Products Ltd, RPF Pipes, IOAGPL, Hindusthan Technologies Pvt. Ltd, Nabros Transport Pvt Ltd, Corrtech International Ltd, John Energy Ltd, Chicago Pneumatic Compressors, Haryana City Gas, CZAR Metric System Pvt Ltd, TLT Engineering India Pvt Ltd, Parixit Irrigation Ltd, Rajendra Piping & Fittings, Swati Switchgears Pvt. Ltd., Tatsuno India Pvt Ltd, Gelbarco Veedar Root, Ratnamani Metals & Tubes Ltd, Rungta Irrigation Ltd, and Therm Transfer Equipment Pvt Ltd.
The Company provides a range of third-party inspection services, such as :
Competitive Strength:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 24.38 | 23.51 | 15.88 | 7.12 |
| Total Income | 16.74 | 35.88 | 23.51 | 13.15 |
| Profit After Tax | 1.95 | 4.67 | 1.68 | 1.16 |
| EBITDA | 3.70 | 7.66 | 2.97 | 1.95 |
| NET Worth | 11.28 | 9.33 | 4.66 | 2.98 |
| Reserves and Surplus | 6.37 | 9.32 | 4.65 | 2.97 |
| Total Borrowing | 11.17 | 8.94 | 6.94 | 0.62 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Office premises | 4.01 |
| 2 | Repayment of unsecured loans | 3.00 |
| 3 | Working Capital requirement | 7.15 |
| 4 | General corporate purposes | |
| Total | 14.16 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 66.77% |
| ROCE | 39.77% |
| Debt/Equity | 0.96 |
| RoNW | 50.06% |
| EBITDA Margin | 21.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.94% | 72.91% |
Lead Manager Reports
Gulf Lloyds IPO is a SME IPO of 18,20,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Gulf Lloyds IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gulf Lloyds IPO using UPI as a payment gateway. Zerodha customers can apply in Gulf Lloyds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gulf Lloyds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gulf Lloyds IPO dates are not announced. Please check back again after some time.
Gulf Lloyds IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gulf Lloyds IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gulf Lloyds IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gulf Lloyds IPO allotment status.
The Gulf Lloyds IPO listing date is not yet announced. The tentative date of listing is .
