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Subscription Status · Jul 20 – Jul 22, 2026 · ₹100–100
The Gulf Lloyds (India) IPO subscription has recorded strong investor demand with an overall subscription of 13.51× as of Jul 22, 2026, indicating that investors applied for 13.51 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Jul 22, 2026, 10:40 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
NII
Non-Institutional Investors
|
864,000 | 2,473,200 |
2.86×
|
- |
|
Individual
Individual Investors
|
864,000 | 16,272,000 |
18.83×
|
- |
|
Total
|
2,592,000 | 35,017,200 |
13.51×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 864,000 | 998,400 | 1.16× | - |
| Individual Investors | 864,000 | 7,075,200 | 8.19× | - |
| Total | 1,728,000 | 8,073,600 | 4.67× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 864,000 | 1,836,000 | 2.13× | - |
| Individual Investors | 864,000 | 12,463,200 | 14.43× | - |
| Total | 2,592,000 | 26,762,400 | 10.33× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 864,000 | 2,473,200 | 2.86× | - |
| Individual Investors | 864,000 | 16,272,000 | 18.83× | - |
| Total | 2,592,000 | 35,017,200 | 13.51× | - |
As of July 22, 2026, the Gulf Lloyds (India) IPO has been subscribed 13.51 times overall. The IPO is fully subscribed with strong investor demand.
The Gulf Lloyds (India) IPO subscription window was open from July 20, 2026 to July 22, 2026. Investors could apply through their demat account or ASBA facility.
The Gulf Lloyds (India) IPO has a price band of ₹100 to ₹100 per share, with a lot size of 1,200 shares. Minimum retail investment: ₹120,000 (lower band) or ₹120,000 (upper band).
Overall NII: 2.86×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on July 23, 2026. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Gulf Lloyds (India) IPO is expected to list on July 27, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 13.51× means investors have bid for 13.51 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of data pending, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. If final subscription stays below 1×, all applicants are likely to get full allotment.
You can apply for Gulf Lloyds (India) IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jul 20 to Jul 22, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Gulf Lloyds (India) IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Jul 20, 2026Subscription Closes Done
Jul 22, 2026Basis of Allotment Done
Jul 23, 2026Listing on BSE Done
Jul 27, 2026Lottery-based allotment.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
