Gulf Lloyds (India) is set to debut on the BSE SME platform on July 27, with grey market premium (GMP) trends indicating a largely flat listing. The Rs 18.19-crore IPO was subscribed 10.85 times overall, led by strong retail participation, while the company plans to use the proceeds for capital expenditure, debt repayment, and working capital.
Gulf Lloyds (India) is set to debut on the BSE SME platform on July 27, with grey market premium (GMP) trends indicating a largely flat listing. The Rs 18.19-crore IPO was subscribed 10.85 times overall, led by strong retail participation, while the company plans to use the proceeds for capital expenditure, debt repayment, and working capital.
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