Gulf Lloyds (India) Limited operates in the services sector, providing third-party inspection, auditing, verification, certification, testing, and training services across various industries and geographies.
Gulf Lloyds has grown into an international inspection and certification service provider with its registered office in Ahmedabad, Gujarat. Over the last decade, the company has executed projects across India as well as overseas markets, including the USA, UAE, China, Germany, UK, Singapore, Egypt, Jordan, Sudan, and Panama.
The company operates through four business verticals:
- Gulf Lloyds Industrial Services:Third-party inspections, audits, quality assurance, and conformity assessments.
- Gulf Lloyds Business Assurance: Compliance and management system certification services.
- Gulf Lloyds Training Institute: Technical training, personnel qualification, and certification programs.
- Gulf Lloyds Testing Services: Mechanical, chemical, and non-destructive testing (NDT) services.
The company offers third-party inspection, auditing, verification, certification, testing, training, and quality assurance services to help clients meet quality, safety, and compliance requirements.
The company provides inspection and assurance services across industries such as oil & gas, power, manufacturing, mining, infrastructure, industrial equipment, marine, electrical, and automotive sectors.
Its customer base spans infrastructure, engineering, energy, manufacturing, irrigation, and industrial equipment sectors, with clients including Aakash Exploration Services, Euro Panel Products, Corrtech International, John Energy, Haryana City Gas, Ratnamani Metals & Tubes, Tatsuno India, Chicago Pneumatic Compressors, and Parixit Irrigation, among others.
As of May 31, 2026, Gulf Lloyds had 107 ongoing projects worth ₹66.79 crore and employed 715 personnel, including regular employees, contract staff, and consultants across engineering, project management, audit, HR, finance, marketing, and operations functions.
Gulf Lloyds IPO – Details
| IPO Opening Date | 20 July 2026 |
| IPO Closing Date | 22 July 2026 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 18,19,200 Shares Worth ₹18.19 Crore Fresh Issue: 18,19,200 Shares Worth ₹18.19 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| NII Shares Offered | 50.00% |
| Retail Shares Offered | 50.00% |
Gulf Lloyds IPO – Date Schedule
| IPO Open Date | 20 July 2026 |
| IPO Close Date | 22 July 2026 |
| Basis of Allotment | 23 July 2026 |
| Initiation of Refund | 24 July 2026 |
| Credit of Shares to Demat | 24 July 2026 |
| IPO Listing Date | 27 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 22, 2026 |
Gulf Lloyds IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,40,000 |
| Retail (Max) | 2 | 2400 | ₹2,40,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,60,000 |
Competitive Strength
- The Company provides a wide range of services, including inspection, verification, auditing, testing, training, and certification across various industries.
- Large Assignment Pipeline and Broad Client Base Across Sectors.
- Accredited and Recognized Operations.
- Strengthening Technical Expertise through an Experienced and Qualified Team.
- Focus on Continuous Employee Training and Skill Developmen.
- Quality and Compliance-Driven Processes.
- The Company manages its operations across several regions in India, with its head office based in Ahmedabad.
Company Promoters
- Bhagirath Bhavsar
- Anitaben Bhavsar
- Jaykumar Bhavsar
- Shivaniben Bhavsar
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹23.51 Cr | ₹21.19 Cr | ₹1.68 Cr | ₹6.94 Cr |
| 31 March 2025 | ₹35.88 Cr | ₹29.61 Cr | ₹4.67 Cr | ₹8.94 Cr |
| 31 March 2026 | ₹35.97 Cr | ₹30.33 Cr | ₹4.30 Cr | ₹15.68 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2026) |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| PAT Margin | – |
| EBITDA Margin | – |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital Expenditure for Office premises. | ₹4.01 |
| Repayment of unsecured loans. | ₹3.00 |
| Working Capital requirement. | ₹7.15 |
| General Corporate Purpose. |
✅Strengths
- Diversified service portfolio across inspection, testing, certification, and auditing.
- Presence across multiple industries and international markets.
- Experienced management team with over a decade of industry experience.
- Strong technical workforce and established customer relationships.
⚠️Risks
- Business depends heavily on industrial and infrastructure sector spending.
- High dependence on skilled technical professionals.
- Faces intense competition from established players.
- Revenue may be impacted by project delays or lower order inflows.
Gulf Lloyds IPO Promoter Holding
| Pre-Issue Share Holding | 99.94% |
| Post Issue Share Holding | 72.92% |
Gulf Lloyds IPO Prospectus
Company Contact Information
| Gulf Lloyds Limited 910, Gala Empire, Opp. TV Tower, Drive-in Road, Thaltej Road, Ahmedabad, Gujarat, 380054 Phone: 079-35289495 Email: info@gulflloydsgroup.com Website: https://www.gulflloydsgroup.com/ |
Gulf Lloyds IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: gulf.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Gulf Lloyds IPO Lead Manager(s)
| 1. Interactive Financial Services Ltd. |
Gulf Lloyds IPO FAQ
| What is the Gulf Lloyds IPO? Gulf Lloyds IPO is an SME IPO. The issue is priced at ₹100 per equity share. The IPO is to be listed on BSE SME. |
| When will Gulf Lloyds IPO open? The IPO is to open on 20 July 2026 for NII and Retail Investors. |
| What is Gulf Lloyds IPO Investors’ Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| What is the Gulf Lloyds IPO Size? Gulf Lloyds IPO size is ₹18.19 Crore. |
| What are the Gulf Lloyds IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,40,000, while the maximum bid is 2400 Shares for ₹2,40,000. |
| What is the Gulf Lloyds IPO Allotment Date? Gulf Lloyds IPO allotment date is 23 July 2026. |
| What is the Gulf Lloyds IPO Listing Date? Gulf Lloyds IPO listing date is 27 July 2026. The IPO is to be listed on the BSE SME. |
