Gulf Lloyds IPO Subscription Closes at 10.83x on Final Day

Gulf Lloyds (India) Limited's initial public offering (IPO) closed with an overall subscription of 10.83 times by 6:54 PM on Day 3 (July 22, 2026). The issue received bids for 1,87,17,600 shares against 17,28,000 shares on offer. Individual Investors led the demand with a subscription of 18.81 times, while Non-Institutional Investors (NIIs) subscribed 2.85 times. The Market Maker portion was fully subscribed at 1.00 time, reflecting strong participation, particularly from retail investors.

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Subscription Gulf Lloyds IPO

Here are the subscription details for Gulf Lloyds IPO Day 3, as of 6:54 PM:

Key Highlights – Day 1

• Overall subscription stood at 4.67 times on Day 1 (July 20, 2026), indicating a strong opening for the Gulf Lloyds IPO.
• Individual Investors led the demand, subscribing 8.19 times, reflecting robust retail participation from the very first day.
• Non-Institutional Investors (NIIs) subscribed 1.16 times, crossing the fully subscribed mark on the opening day.
• The issue received bids for 80.70 lakh shares against 17.28 lakh shares on offer.
• Market Maker portion was fully subscribed at 1.00 time.

Key Highlights – Day 2

• Overall subscription increased to 8.28 times on Day 2 (July 21, 2026), up sharply from 4.67 times on Day 1.
• Individual Investors remained the key driver, with subscription rising to 14.43 times.
• Non-Institutional Investors (NIIs) witnessed stronger participation, with subscription climbing to 2.13 times.
• The IPO continued to attract healthy investor interest ahead of the final day.
• Market Maker allocation remained fully subscribed.

Key Highlights – Day 3

• Overall subscription closed at 10.83 times on Day 3 (July 22, 2026), reflecting strong demand across investor categories.
• Individual Investors emerged as the standout segment, subscribing 18.81 times with bids for 1.63 crore shares worth approximately ₹162.55 crore.
• Non-Institutional Investors (NIIs) closed at 2.85 times, bidding for 24.62 lakh shares valued at around ₹24.62 crore.
• The IPO received bids for 1,87,17,600 shares against 17,28,000 shares on offer.
• Market Maker allocation remained fully subscribed at 1.00 time.

About Gulf Lloyds Limited

Gulf Lloyds (India) Limited is a service provider offering third-party inspection, auditing, certification, testing and training solutions across diverse industries. The company helps organisations ensure quality, safety and regulatory compliance while improving operational efficiency and cost control. Headquartered in Ahmedabad, Gujarat, it has over a decade of experience executing projects in India and overseas, including the USA, UAE, China and Germany, serving a broad base of industrial and corporate clients.