Gulf Lloyds IPO day 1: GMP signals nearly 30% listing gains; 10 key points of BSE SME IPO

Gulf Lloyds (India) opened its BSE SME IPO for public subscription on 20 July, comprising a fresh issue of 18,19,200 shares at about Rs 100 apiece to raise Rs 18.19 crore. The issue was subscribed nearly 2 times by 12:20 PM on day 1, and grey market premium of around Rs 29 indicated a potential listing premium of about 29 percent over the issue price. The company, which provides third-party inspection, auditing, certification, testing and training services, reported FY26 consolidated revenue from operations of about Rs 35.68 crore and profit of Rs 4.30 crore.