Gulf Lloyds (India) is scheduled to make its stock market debut on the BSE SME platform today, July 27, with grey market trends indicating a subdued start for the newly listed stock.
The company's IPO is currently commanding a grey market premium (GMP) of just Rs 1, or 1% over its issue price of Rs 100 per share, suggesting an estimated listing price of around Rs 101. While GMP is an unofficial indicator and not a guarantee of listing performance, the current premium points to expectations of a largely flat debut.
Gulf Lloyds raised Rs 18.19 crore through its IPO, which consisted entirely of a fresh issue of 18 lakh equity shares priced at Rs 100 per share.
The issue witnessed healthy investor participation, receiving an overall subscription of 10.85 times. Retail investors showed strong interest, with their portion subscribed 18.83 times, while the Non-Institutional Investors (NII) category was subscribed 2.86 times.
The IPO was open for subscription from July 20 to July 22, 2026.
Retail investors were required to apply for a minimum of 2,400 shares, translating into a minimum investment of Rs 2.4 lakh. The lot size was fixed at 1,200 shares.
Interactive Financial Services Ltd. acted as the book-running lead manager, while Kfin Technologies Ltd. served as the registrar to the issue.
Gulf Lloyds GMP today
Ahead of its market debut, Gulf Lloyds' IPO is commanding a grey market premium (GMP) of Rs 1, or 1%, over its issue price of Rs 100 per share. Based on the current GMP, the stock is expected to list at around Rs 101 per share. The muted premium indicates cautious sentiment in the unofficial market, with investors expecting a largely flat listing.
Utilisation of IPO proceeds
About Gulf Lloyds (India)
The company works with both public sector undertakings and private enterprises, helping clients ensure quality, safety, regulatory compliance, and adherence to technical specifications. Its services are designed to improve operational efficiency, strengthen compliance standards, and optimise costs.
Headquartered in Ahmedabad, Gujarat, Gulf Lloyds has built a presence beyond India, executing projects in countries including the United States, UAE, China, Germany, and several other international markets.
Over the years, the company has developed a diverse client base comprising organisations such as Aakash Exploration Services, Pacific Steel and Alloys, Euro Panel Products, Corrtech International, John Energy, Chicago Pneumatic Compressors, Haryana City Gas, Tatsuno India, Ratnamani Metals & Tubes, and many other industrial and infrastructure companies.
As of May 31, 2026, Gulf Lloyds had a workforce of 715 employees, including permanent staff, contract personnel, and consultants spanning engineering, project management, operations, finance, HR, audit, marketing, and other business functions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
