New Delhi, 20 July (H.S.): The initial public offering (IPO) of Gulf Lloyds (India) Limited, a company providing third-party auditing, inspection, certification and training services across various industries, opened for subscription on Monday. The IPO size is Rs 18.19 crore, and investors can place their bids until July 22.

Following the closure of the issue, the share allotment is expected to be finalised on July 23, while the allotted shares will be credited to investors’ demat accounts on July 24. The company’s shares are likely to be listed on the BSE SME platform on July 27.

On the first day of subscription, the IPO received a positive response from investors. By 12:45 pm, the issue had been subscribed 2.36 times. The portion reserved for retail investors witnessed particularly strong demand and was subscribed 4.21 times during the same period.

The price band for the IPO has been fixed at Rs 100 per share, with a lot size of 1,200 shares. Retail investors are required to apply for a minimum of two lots, amounting to 2,400 shares, which would require an investment of Rs 2.40 lakh.

Under the IPO, the company is issuing a total of 18,19,200 fresh equity shares with a face value of Rs 10 each.

The retail investor category has been allocated 47.49 per cent of the issue, while an equal 47.49 per cent portion has been reserved for non-institutional investors (NIIs). Additionally, 1.17 per cent of the issue has been reserved for company employees, and 5.02 per cent has been earmarked for market makers.

Interactive Financial Services Limited has been appointed as the book-running lead manager for the issue, while KFin Technologies Limited is the registrar. Prabhat Financial Services Limited will act as the market maker for the IPO.

According to the Draft Red Herring Prospectus (DRHP) submitted to the capital market regulator Securities and Exchange Board of India (SEBI), Gulf Lloyds’ financial position remains strong.

During the financial year 2025-26, the company reported a net profit of Rs 4.30 crore. Its revenue during the same period stood at Rs 35.97 crore.

The company’s net worth stood at Rs 13.48 crore in FY 2025-26, while its reserves and surplus amounted to Rs 8.71 crore. The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) stood at Rs 7.90 crore during the financial year.

As of the end of FY 2025-26, Gulf Lloyds had a debt burden of Rs 15.68 crore.

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Hindusthan Samachar / Jun Sarkar