Mumbai, July 27 -- The scrip was listed at Rs 100, matching the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 100 and a low of Rs 95. About 83,000 shares of the company changed hands at the counter.

Gulf Lloyds (India)'s IPO was subscribed 10.35 times. The issue opened for bidding on 20 July 2026 and it closed on 22 July 2026. The price of the IPO was fixed at Rs 100 per share.

The IPO comprised 18,19,200 equity shares. The promoter and promoter group shareholding diluted to 72.92% from 99.94% pre-offer.

The company intends to utilize the net proceeds for capital expenditure for office premises, repayment of unsecured loan, working capital ...