Gulf Lloyds (India) IPO — Broker Reviews

GLIL provides third-party inspection, auditing, certification, testing and training services, with average growth in top and bottom lines over the reported periods and a stagnant top line. The post-IPO small equity base suggests a longer gestation period for migration, and based on recent financials, the issue appears fully priced. The company had an order book of ₹58.44 crore as of May 31, 2026, but the merchant banker has a poor track record; only well-informed, risk-seeking investors may consider parking moderate funds for the medium term.