Gulf Lloyds (India) Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹100
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,20,000
Issue Size
₹18.19 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Gulf Lloyds (India) Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.94%
Promoter Holding (Post-Issue)
72.92%
Issue Type
Fixed Price - SME
ISIN
INE1WDC01012
About the Company
Our company operates in the Services Sector, providing third party Inspection, Auditing, Certification, Testing, and Training, services across various industries and regions.
Industry Overview
The expansion of India's services sector has been closely linked to the economic reforms of the 1990s. While the sector began to grow in the mid-1980s, it gained significant momentum after India initiated a series of structural reforms in response to a severe balance of payments crisis. Today, the services sector is not only the largest contributor to India's GDP but also a major driver of employment, foreign investment, and exports. It encompasses a wide range of activities, including trade, hotels and restaurants, transport, storage and communication, finance, insurance, real estate, business services, community and personal services, and services associated with construction. To enhance India's share in the global services market from 3.3% and enable multi-fold growth in GDP, the government has implemented several initiatives to strengthen commercial services exports. As a result, India's services exports stood at approximately Rs. 20,40,317 crore (US$ 237.55 billion), while imports were Rs. 10,20,974 crore (US$ 118.87 billion), highlighting India's strong position in global trade. The services trade surplus of Rs.10,19,343 crore (US$ 118.68 billion), up from Rs. 8,71,698 crore (US$ 101.49 billion) in FY25 (April-October 2024). India's services sector has steadily increased its share of Gross Value Added, rising from 50.6% in FY14 to about 55.3% in FY25, with an average growth of 8.3% since FY23. The sector also ranked first in attracting Foreign Direct Investment, according to data from the Department for Promotion of Industry and Internal Trade. India's unique skills and competitive advantage in knowledge-based services, supported by initiatives such as Smart Cities, Clean India, and Digital India, have created a conducive environment for growth and innovation.
Company History
Our Company was originally incorporated as "Gulf Lloyads Industrial Services (India) Private Limited" as a private limited company under the provisions of the Companies Act, 2013 pursuant to a Certificate of Incorporation dated September 26, 2014, issued by the Assistant Registrar of Companies, Gujarat. Subsequently, the name of our company has been changed to Gulf Lloyds Industrial Services (India) Private Limited, Pursuant to a special resolution passed by the shareholders in their extraordinary general meeting held on October 11, 2014. Further, the name of our company has been changed to Gulf Lloyds (India) Private Limited, Pursuant to a special resolution passed by the shareholders in their extraordinary general meeting held on September 10, 2024 thereafter our Company was converted into a public limited company in accordance with the provisions of the Companies Act, 2013, pursuant to a special resolution passed by the shareholders in their extraordinary general meeting held on December 30, 2024. A fresh Certificate of Incorporation consequent upon such conversion was issued by the Registrar of Companies, Central Processing Centre, on January 20, 2025, consequently the name of our Company was changed to "Gulf Lloyds (India) Limited" The Corporate Identification Number of our Company is U74900GJ2014PLC080922.
Growth Strategy
- Strengthen Presence Across Key Sectors and Regions.
- Enhance Technical Capabilities and Service Portfolio.
- Invest in Workforce Training and Skill Development.
- Improve Systems, Processes, and Quality Management.
- Deepen Relationships with Government and Public Sector Clients.
Financial Performance
Revenue, profit after tax and total assets for the last reported financial year.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 18,19,200 equity shares of face value of Rs. 10/- each of Gulf Lloyds (India) Limited ("Gulf" or "GLIL" or the "Company" or the "Issuer") for cash at a price of Rs. 100 per equity share including a share premium of Rs. 90 per equity share (the "Issue Price") aggregating to Rs. 18.19 Crores ("the Issue"), of which 91,200 equity shares of face value of Rs.10/- each for cash at a price of Rs. 100 per equity share including a share premium of Rs. 90 per equity share aggregating to Rs. 0.91 will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., Net issue of 17,28,000 equity shares of face value of Rs.10/- each at a price of Rs. 100 per equity share aggregating to Rs. 17.28 Crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.03% and 25.68% respectively of the post issue paid up equity share capital of the company. Offer price Rs. 100/- per equity share of face value of Rs. 10 each. The offer price is 10 times the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiple of 1200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Comprehensive Range of Services.
- 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 Development.
- The Company is subject to periodic inspections and ongoing compliance requirements prescribed by NABCB, and any observations or changes in accreditation requirements may requires corrective actions and could affect its operations.
- Dependence on Third-Party NABL Accredited Laboratory may affect the company's ability to execute certain assignments.
- The company has executed a Banakhat (agreement to sell) for the proposed purchase of office premises as part of its business expansion plan. Any delay or failures in completing the execution and registration of the final sale deed within the stipulated time may adversely affect the implementation of the company's expansion plans and may consequently have an adverse impact on its business operations, profitability and reputation.
- The Company is dependent on a few suppliers for purchases of product/service. The loss of any of these service providers may affect its business operations.
- The company's revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.