Gulf Lloyds (India) Ltd IPO

Gulf Lloyds (India) Limited is a services company that provides third-party inspection, auditing, verification, certification, testing, and training services across industries. It serves public sector undertakings and private organisations by assessing whether products, projects, and processes comply with applicable quality, safety, technical, and regulatory standards. Its services cover sectors such as infrastructure, oil and gas, engineering, manufacturing, energy, irrigation, industrial equipment, mining, and power. The company also deploys qualified technical personnel to carry out inspection, verification, and audit assignments based on client requirements. Testing services are currently conducted through NABL-accredited third-party laboratories under contractual arrangements. Gulf Lloyds undertakes projects in India and overseas through contractual engagements and has executed assignments in countries including the USA, UAE, Germany, the UK, Singapore, China, Egypt, and Sudan. The company’s registered office is located in Ahmedabad, Gujarat. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Capital expenditure for office premises — Rs 3.71 crore Repayment of unsecured loans — Rs 3 crore Working capital requirement — Rs 7.15 crore General corporate purposes — Rs 2.33 crore ;