GNG Electronics IPO Allotment Status & Review: What Investors Need to Know
GNG Electronics, a leading refurbished of ICT devices under the "Electronics Bazaar" brand, recently concluded its highly anticipated Initial Public Offering (IPO). The issue received tremendous investor interest across retail and institutional segments.
This article covers key IPO details, allotment dates, how investors can check their allotment status, and what to expect at listing.
About the GNG Electronics IPO
- Issue Size: ₹460.43 crore (fresh issue ₹400 crore + offer for sale ₹60.44 crore)
- Price Band: ₹225 to ₹237 per share
- Minimum Lot: 63 shares (~₹14,175 at upper band)
Founded in 2006, GNG Electronics specializes in refurbishing and reselling laptops, desktops, and ICT devices globally. It serves 38 countries with clients such as HP and Lenovo.
The company has shown strong financial growth, with revenue rising from ₹662.79 crore in FY23 to ₹1,420.37 crore in FY25, and net profit increasing from ₹32.43 crore to ₹69.03 crore over the same period.
Allotment Status — Important Dates
- Allotment Finalization Date: July 28, 2025
- Shares Credited to Demat Accounts: July 29, 2025
- Refunds Initiated for Non-Allottees: July 29, 2025
- Listing Date: Expected July 30, 2025 (NSE & BSE)
How to Check Your GNG Electronics IPO Allotment Status
Investors can verify their allotment status easily through the following official platforms:
1. BSE Website
- Visit the BSE IPO Allotment Portal
- Select ‘Equity’ as the issue type and ‘GNG Electronics Limited’ from the dropdown
- Enter your PAN, application number, or DP Client ID
- Click ‘Search’ to view your allotment details
2. NSE Website
- Go to the NSE IPO Allotment Status
- Select ‘GNG Electronics Limited’
- Enter your PAN and application number
- Click ‘Submit’ to check your status
3. Registrar (Big share Services)
- Visit the Bigshare IPO Allotment Status
- Select ‘GNG Electronics’ from the dropdown
- Enter your PAN, application number, or DP Client ID
- Click ‘Submit’ to see your allotment result
If allotted, shares will be credited to your demat account on July 29. Non-allottees will receive refunds on the same date.
Investor Response & Grey Market Premium
The IPO witnessed overwhelming demand:
- Overall Subscription: 150.21 times
- Qualified Institutional Buyers (QIBs): 266.21 times
- Non-Institutional Investors (NIIs): 226.44 times
- Retail Investors: 47.36 times
The grey market premium (GMP) is currently around ₹94–95 per share. This indicates a potential listing gain of approximately 40% over the issue price, though final listing gains depend on market conditions.
About the Company
With a strong global footprint and customer base, GNG Electronics is recognized for refurbishing and reselling ICT hardware. The company’s consistent financial growth reflects sound fundamentals and robust market presence.
Conclusion
GNG Electronics IPO stands out in 2025 for its massive oversubscription and healthy grey market premium.
Thanks for reading, and Happy Investing!
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