Gulf Lloyds shares set for market debut today. Here's what GMP suggests ahead of listing

Gulf Lloyds (India) is set for its market debut with a grey market premium of just Rs 1 (1%) over the issue price of Rs 100, suggesting a largely flat listing at around Rs 101. The Rs 18.19 crore SME IPO, priced at Rs 100 per share, was subscribed 10.85 times overall, with strong retail interest at 18.83 times. The company plans to use Rs 14.16 crore of net proceeds for office capex, loan repayment, and working capital needs.