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Explore how the Gulf Lloyds (India) Ltd. IPO performed on its opening day, including subscription details, issue price, lot size, important dates, and the step-by-step process to apply through ASBA or UPI.
The Gulf Lloyds (India) Ltd. IPO opened for subscription on July 20, 2026, marking the company's entry into the SME public market. The IPO is a fixed price issue aimed at raising funds for capital expenditure towards office premises, repayment of unsecured loans, working capital requirements, and general corporate purposes.
The issue is valued at ₹18.19 Crores and is offered as a fixed price issue at ₹100 per share.
The Gulf Lloyds (India) Ltd. IPO recorded subscriptions across investor categories on its opening day. Retail investors accounted for the highest subscription level, while the non-institutional investor category recorded comparatively lower participation. Since this is an SME fixed price issue, there is no Qualified Institutional Buyer (QIB) reservation.
On the first day of bidding, the Gulf Lloyds (India) Ltd. IPO recorded an overall subscription of 3.47×. Retail investors recorded the highest subscription among the eligible investor categories, while the non-institutional investor category also received subscriptions.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
N.A. |
Retail Individual Investors (RII) |
6.10× |
Non-Institutional Investors (NII) |
0.84× |
Total |
3.47× |
The retail response on Day 1 reflects investor interest in the public issue. The NII category also recorded participation, while overall subscription remained comfortably above one time on the opening day.
The Gulf Lloyds (India) Ltd. IPO is a fixed price issue priced at ₹100 per share, with a face value of ₹10 per share. Investors can apply for a minimum of 1 lot comprising 1,200 shares and in multiples thereof.
At the issue price of ₹100 per share, one lot requires an investment of ₹1,20,000. As per SME IPO investment norms, retail investors can apply for 2 lots, taking the minimum application amount to ₹2,40,000.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
2 |
2,400 |
₹2,40,000 |
S-HNI (Min) |
3 |
3,600 |
₹3,60,000 |
B-HNI (Min) |
9 |
10,800 |
₹10,80,000 |
The issue structure follows the standard SME IPO framework, allowing participation from both retail and non-institutional investors.
For detailed insights about the company, issue particulars, and the latest updates, visit the Gulf Lloyds (India) Ltd. IPO on Bajaj Markets.
The following timeline highlights the important milestones for the IPO:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
July 20, 2026 |
Issue opens for subscription |
IPO Close Date |
July 22, 2026 |
Final day to submit bids |
Basis of Allotment |
July 23, 2026 |
Finalisation of share allotment |
Refunds Initiation |
July 24, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
July 24, 2026 |
Shares credited to successful applicants |
Listing Date |
July 27, 2026 |
Shares proposed to list on the BSE SME platform |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Gulf Lloyds (India) Ltd. IPO using either the ASBA facility through their bank or via UPI-enabled broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Gulf Lloyds (India) Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Gulf Lloyds (India) Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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