Gulf Lloyds IPO
Gulf Lloyds (India) LtdSME
This IPO has listed.
- Open date
- 20 Jul 2026
- Close date
- 22 Jul 2026
- Min. Investment
- ₹2,40,000
- Lot Size
- -
- Fresh Issue
- ₹18.19 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Completed: IPO open date20 Jul 2026
- Completed: IPO close date22 Jul 2026
- Completed: Allotment date23 Jul 2026
- Completed: Funds unblock or debit24 Jul 2026
- Completed: Tentative listing date27 Jul 2026
About
Promoter shareholding in Gulf Lloyds (India) Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Jaykumar Bhavsar | 16,20,300 | 33.00% | 16,20,300 | 24.08% |
| Bhagirath Bhavsar | 16,69,400 | 34.00% | 16,69,400 | 24.81% |
| Anitaben Bhavsar | 16,11,953 | 32.83% | 16,11,953 | 23.95% |
| Shivaniben Bhavsar | 2,455 | 0.05% | 2,455 | 0.04% |
| Ashokkumar Bhavsar | 1,473 | 0.03% | 1,473 | 0.02% |
| Nimisha Bhavsar | 1,473 | 0.03% | 1,473 | 0.02% |
Financials of Gulf Lloyds IPO
| Key Performance Indicators | Mar 2026 |
|---|---|
| Operating Revenue | - |
| Other Income | - |
| Total Income | 35.68 |
| Total Expenses | 30.33 |
| Profit Before Tax | - |
| Total Profit | 4.30 |
Gulf Lloyds IPO Strengths & Risks
- 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.
- Nationwide and Regional Reach.
- Quality and Compliance-Driven Processes.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Dependence on Third-Party NABL Accredited Laboratory may affect the company's ability to execute certain assignments.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company is required to furnish bank guarantees for certain contracts, and any failures to provide or maintain such guarantees may adversely affect its ability to execute such contracts and may impact the company's financial condition.
- Risks Relating to the Business: The company's business depends significantly on the accuracy and reliability of inspection and testing results, and any error or deficiency in the company's inspection reports may expose its to reputational risks and potential liabilities.
- Risks Relating to the Business: The company's inspection and testing activities depend on the proper calibration and functioning of equipment and instruments, and any failures to maintain accurate calibration may affect the quality and reliability of its inspection services.
- Risks Relating to the Business: The company has experienced negative cash flows from operating activities in previous years / periods. Any operating losses or negative cash flow in the future could adversely affect its results of operations and financial condition.
- Risks Relating to the Business: The company's business may be adversely affected by changes in industry standards, technical regulations or compliance requirements.
- Risks Relating to the Business: The company's Registered office premises is not owned by the Company and are taken on lease from its Promoters and Directors. Any non-renewal or termination of such lease arrangement may adversely affect the company's business operations.
- Risks Relating to the Business: There may has been certain instances of non-compliances with respect to certain corporate actions taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties.
- Risks Relating to the Business: A decline in the Company's profitability may adversely affect its financial condition and results of operations.
- Risks Relating to the Business: Risk Factor 12: Fluctuation and Reduction in Number of Employees may adversely affect its financial condition and results of operations.
- Risks Relating to the Business: The company's business may be affected by delays, disruptions or restrictions at project sites or client locations where inspection activities are conducted.
- Risks Relating to the Business: The company's business is subject to regulatory and accreditation requirements applicable to third-party inspection and certification service providers, and any failures to obtain, maintain or renew necessary approvals, certifications or accreditations may adversely affect its operations and revenue.
- Risks Relating to the Business: The company's business growth and sustainability dependent on Continuous Employee Training and Skill Updates which may impact on its operational performance and reputation.
- Risks Relating to the Business: The company has to relies on the services, integrity and expertise of its outsourced agency. Any failures or lapse on that part may affect the company's reputation, client trust, business operations, and profitability.
- Risks Relating to the Business: The Company continually monitors the performance and compliance of all outsourced agencies to mitigate such risks and ensure that the quality and reliability of its services remain consistent. Frequent changes in ISO standards require re-training auditors and updating processes, increasing compliance costs and risk of delays.
- Risks Relating to the Business: Dependence on Skilled Auditors and Inspection Personnel. Limited availability of them may lead to operational errors, increased costs and reputational risks.
- Risks Relating to the Business: The sizable portion of revenue is generated from the state of Gujarat, any adverse development affecting the company's operations in the state could have an adverse impact on its business, financial condition and results of operations.
- Risks Relating to the Business: The company's international revenue has fluctuated in the past and currently constitutes a relatively small portion of its total revenue may limit growth and increase dependence on domestic markets.
- Risks Relating to the Business: A portion of the company's business is derived from tenders, and its inability to successfully qualify for or secure such tenders may have an adverse effect on the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company's business is dependent on the availability and retention of qualified technical personnel, and its inability to attract or retain such personnel may adversely affect the company's operations.
- Risks Relating to the Business: Any misconduct, bias, inconsistency or failures to adhere to professional standards by the company's auditors or inspection personnel may affect the credibility of its services and adversely affect the company's reputation and business.
- Risks Relating to the Business: There has been instances of delay in filing of Goods and Service Tax returns (GST), ESI dues and other statutory dues may have a material adverse impact on the company's cash flows and financial condition.
- Risks Relating to the Business: Delays or non-compliances relating to employee-related statutory filings, including EPF/EPFO, may adversely impact the company's financial condition and reputation.
- Risks Relating to the Business: Any default in repayment of borrowings or servicing of interest thereon, and any potential roll-over of such liabilities, may adversely affect the company's financial condition and operations.
- Risks Relating to the Business: The company operates in a highly competitive industry and increased competition may adversely affect its market position, business operations and profitability.
- Risks Relating to the Business: The company's insurance coverage may not be sufficient or adequate to protect its against all risks, which may adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's international operations is subject to many uncertainties, and the company is exposed to foreign currency exchange rate fluctuations which may have a direct impact on its profits, results of operations and cash flows and consequently on the company's business condition and profitability.
- Risks Relating to the Business: The requirements of being a public listed company may strain its resources and impose additional requirements.
- Risks Relating to the Business: The Company's Promoters and Directors may be subject to legal proceedings, claims or disputes in the future, which could adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company's Promoters/Directors has issued personal guarantees and/or mortgaged their property in relation to debt facilities availed by its, which if revoked, may requires alternative guarantees, repayment of amounts due or termination of the facilities.
- Risks Relating to the Business: The company's Promoter and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- Risks Relating to the Business: The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operates its business and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on the company's results of operations.
- Risks Relating to the Business: The Company does not has intellectual property rights over its corporate logo. This may damage to the company's business prospects, reputation and goodwill and misuse of its designs and logo also.
- Risks Relating to the Business: The company is dependent upon the experience and skill of its promoter, management team and key managerial personnel and senior management personnel. Loss of the company's Promoter or its inability to attract or retain such qualified personnel, could adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company may not be able to successfully manage the growth of its operations and execute the company's growth strategies which may have an adverse effect on its business, financial condition, results of operations and future prospects.
- Risks Relating to the Business: The company's business is working capital intensive involving relatively long implementation periods. Its requires substantial financing for the company's business operations. Its indebtedness and the conditions and restrictions imposed on the company's financing arrangements could adversely affect its ability to conduct the company's business.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares held by the company's Promoters is lower than the Issue Price.
- Risks Relating to the Business: The company's Promoters, Directors and Key Managerial Personnel may have interests in the Company other than reimbursement of expenses incurred or normal remuneration, which may result in potential conflicts of interest.
- Risks Relating to the Business: The company has unsecured loans from Promoters, Directors, their relatives which is repayable on demand, and any demand for repayment may adversely affect its liquidity and business operations.
- Risks Relating to the Business: The company has entered into certain transactions with related parties. These transactions or any future transactions with its related parties could potentially involve conflicts of interest.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of its Management and the company's Board of Directors, though it shall be monitored by its Audit Committee.
- Risks Relating to the Business: The company has not identified any alternate source of financing for the `Objects of the Issue'. If its fails to mobilize resources as per the company's plans, its growth plans may be affected.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Risks Relating to the Business: Delay in raising funds from the IPO could adversely impact the implementation schedule.
- Risks Relating to the Business: The company's funding requirements and proposed deployment of the Net Proceeds are based on management estimates and has not been independently appraised and may be subject to change based on various factors, some of which are beyond its control.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by the company's Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: The issue price of the Equity Shares may not be indicative of market price of the company's equity shares after the issue and the market price of its Equity shares may decline below the issue price.
- Risks Relating to the Business: Pursuant to listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures like Additional Surveillance Measure (ASM) and Graded Surveillance Measures (GSM) by the Stock Exchanges in order to enhance market integrity and safeguard the interest of investors.
- Risks Relating to the Business: Sale of shares by the company's promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: The company's future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by its, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner or at all.
- Risks Relating to the Business: The Equity Shares has never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- Risks Relating to the Business: There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.
