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GULF LLOYDS IPO

ALREADY DEPARTEDBSE SME · SME · CONSULTING SERVICES
INDICATIVE FARE / PRICE BAND
₹100
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 06 AUG 2026, 10:01 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹100
LOT SIZE
1200 SHARES
ISSUE SIZE
₹18.19 CR
MIN INVESTMENT
₹1,20,000 · 1200 SHARES
P/E RATIO
11.41
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
20 JUL 26
✓ STOP CLEARED
CLOSES
22 JUL 26
✓ STOP CLEARED
ALLOTMENT
23 JUL 26
✓ STOP CLEARED
LISTING
27 JUL 26
✓ STOP CLEARED
REFUNDS INITIATED24 JUL 26SHARES IN DEMAT24 JUL 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹100
DAY-1 LISTING GAIN
+0%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION10.85×
NII2.86×
RETAIL18.83×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
MINIMUM APPLICATION · COMPUTED22,400₹2,40,000
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹100 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS · ONE LOT ALREADY EXCEEDS THE RETAIL CEILING ON THIS ISSUE
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
FIXED PRICE ISSUE
FRESH ISSUE
₹17.28 CR
17,28,000 SHARES
TOTAL SHARES OFFERED
17,28,000

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
8.76
EPS · POST-ISSUE
6.39
P/E RATIO
11.41
P/E · POST-ISSUE
15.64
RONW
31.92%
ROCE
24.88%
ROE
37.49%
EBITDA MARGIN
21.97%
PRICE / BOOK
3.64
NAV PER SHARE
₹27.46
DEBT / EQUITY
1.15
MARKET CAP
₹67.29 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 26
ASSETS35.29
TOTAL INCOME35.97
PROFIT AFTER TAX4.3
EBITDA7.9
NET WORTH13.48
RESERVES AND SURPLUS8.71
TOTAL BORROWING15.68
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Capital Expenditure for Office premises4.01
Repayment of unsecured loans3
Working Capital requirement7.15
General corporate purposes
INR CR 14.16 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

NII (HNI)
8,64,000
Not more than 50% of the Net Issue
RETAIL
8,64,000
Not more than 50% of the Net Issue
MARKET MAKER
91,200
SHARES
17,28,000 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

Gulf Lloyads (India) Limited is a service-based company engaged in delivering third-party inspection, auditing, certification, testing, and training solutions to clients across multiple industries. The company serves both public sector enterprises and private organizations by helping them meet quality, safety, and regulatory standards. Its core services involve evaluating products, industrial processes, projects, and operational systems to ensure compliance with technical specifications, industry regulations, and customer requirements. Through these services, the company enables businesses to improve operational efficiency, strengthen quality control, reduce costs, and maintain regulatory compliance. Headquartered in Ahmedabad, Gujarat, Gulf Lloyads has more than a decade of industry experience. Over the years, it has successfully completed assignments across India as well as in international markets such as the United States, the United Arab Emirates, China, Germany, and several other countries. The company offers cost-effective and customer-oriented inspection and certification solutions tailored to the requirements of diverse industries. Its client portfolio includes organizations such as 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., Gilbarco Veeder-Root, Ratnamani Metals & Tubes Ltd., Rungta Irrigation Ltd., and Therm Transfer Equipment Pvt. Ltd. As of May 31, 2026, the company had a workforce of 715 employees, comprising permanent staff, contract personnel, and consultants. These professionals are deployed across key functions including management, engineering, project execution, finance, human resources, auditing, marketing, and operations. Competitive Strengths Comprehensive service portfolio covering inspection, verification, auditing, testing, training, and certification. Strong order pipeline supported by a diversified customer base across multiple sectors. Accredited operations that enhance credibility and service reliability. Experienced team of qualified technical professionals with extensive industry expertise. Continuous investment in employee training and capability development. Robust quality assurance systems with a strong focus on compliance and process excellence. Pan-India operational presence supported by regional offices, with the corporate headquarters located in Ahmedabad.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Jaykumar Bhavsar, Bhagirath Bhavsar, Anitaben Bhavsar, Shivaniben Bhavsar
HOLDING PRE-ISSUE
99.94%
HOLDING POST-ISSUE
72.92%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Interactive Financial Services Ltd.
REGISTRAR TO THE ISSUE
NAME
Kfin Technologies Ltd.
PHONE
040-79615565
THE COMPANY
PHONE
079-35289495
REGISTERED OFFICE
910, Gala Empire, Opp. TV Tower, Drive-in Road, Thaltej Road, Ahmedabad, Gujarat, 380054
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Gulf Lloyds IPO price band?+

The indicative price band is ₹100 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Gulf Lloyds IPO?+

One lot is 1200 shares. At the upper band of ₹100, one lot works out to ₹1,20,000.

When does the Gulf Lloyds IPO open and close?+

The issue opened on 20 Jul 2026 and closed on 22 Jul 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Gulf Lloyds IPO allotment?+

Allotment is scheduled for 23 Jul 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Gulf Lloyds list?+

Listing took place on 27 Jul 2026 on BSE SME.

Where will Gulf Lloyds be listed?+

Gulf Lloyds is listed on BSE SME. It is an SME issue, so it trades on the SME platform.

How large is the Gulf Lloyds IPO?+

The issue size is ₹18.19 Cr — a fresh issue of ₹17.28 cr. Figures are indicative and subject to the RHP.

How was the Gulf Lloyds IPO subscribed?+

The issue was subscribed 10.85× overall. By category: nii 2.86×, retail 18.83×. Subscription figures are as reported by the exchanges.

At what price did Gulf Lloyds list?+

Gulf Lloyds listed at ₹100, +0% against the issue price.

Who is the registrar for the Gulf Lloyds IPO?+

The registrar to the issue is Kfin Technologies Ltd. (040-79615565), gulf.ipo@kfintech.com.

Where can I check the Gulf Lloyds IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipostatus.kfintech.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Gulf Lloyds IPO?+

The P/E ratio on file for this issue is 11.41, and the post-issue P/E is 15.64, stated as of 31 Mar 2026. A reported ratio is not a view on value.

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PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —