Gulf Lloyds (India) will open its initial public offering on July 20 at a fixed price of Rs 100 per share. The company aims to raise Rs 18.19 crore to fund office expansion, repay debt, and support daily operations. Investors can subscribe until July 22, with the offering consisting entirely of a fresh issue of shares.
Ahmedabad-based Gulf Lloyds (India) is entering the public market with a maiden share sale scheduled for July 20. The company, which specializes in third-party certification and inspection services, aims to collect Rs 18.19 crore through this offering. The subscription window for this issue will remain open for three days, concluding on July 22.
The public issue is structured as a fresh issuance of 18.19 lakh equity shares. Unlike offers that include an exit for existing promoters or early investors, the entirety of these funds will go directly to the company. The pricing is set at a fixed rate of Rs 100 per share, which determines the total size of the offering.
Use of Proceeds
The company has outlined specific plans for how the money raised will be utilized. A portion of the funds, approximately Rs 3.71 crore, is designated for capital spending to acquire or improve office premises. To strengthen its financial health, the company plans to allocate Rs 3 crore toward the repayment of unsecured loans. A significant share of the proceeds, Rs 7.15 crore, is reserved for working capital, which helps cover day-to-day operational costs. The remainder is intended for general corporate purposes.
Financial Context
For the financial year ended March 2026, the company reported a consolidated revenue of Rs 35.7 crore. During the same period, it recorded a profit of Rs 4.3 crore. These figures provide a baseline for investors to evaluate the company's current scale of operations in the certification and inspection sector, which serves industries such as oil and gas, infrastructure, and engineering.
Investor Allocation
The IPO structure divides the share availability between two primary investor categories. Both retail investors and non-retail investors have been allocated 8.64 lakh shares each. Additionally, 91,200 shares have been reserved for the market maker, a common practice in smaller public issues to ensure enough liquidity for trading after the listing. Interactive Financial Services is the merchant banker managing the process.
Investors may look for updates regarding the subscription status across different categories as the issue progresses. As this is a smaller-sized IPO, tracking how the company manages its debt repayment and the efficiency of its working capital usage after the fund infusion will be important. The performance of the company's inspection services, which are tied to the growth of sectors like energy and industrial manufacturing, will remain a key factor for long-term business monitoring.