GNG Electronics IPO: A Blockbuster Subscription
The GNG Electronics IPO, which was open for subscription from July 23 to July 25, 2025, was subscribed a staggering 147.93 times by the final day of bidding.The issue received bids for over 209.89 crore shares against the 1.41 crore shares on offer.
The response was robust across all investor categories. The Qualified Institutional Buyers (QIBs) portion was subscribed 266.21 times, the Non-Institutional Investors (NII) category saw a subscription of 227.67 times, and the retail individual investors' portion was oversubscribed by 46.84 times.This overwhelming interest has heightened the anticipation for the share allotment.
How to Check Your GNG Electronics IPO Allotment Status
Here's a step-by-step guide to checking your allotment status online through the official registrar and the stock exchanges:
Through the IPO Registrar's Website (Bigshare Services Pvt Ltd)
Bigshare Services Pvt Ltd is the official registrar for the GNG Electronics IPO. Investors can check their allotment status on the registrar's portal by following these steps:
Visit the Bigshare Services Website: Navigate to the IPO allotment status page on the Bigshare Services website.
Select the Company: From the dropdown menu, choose "GNG Electronics IPO".
Enter Your Details: You will have multiple options to check your status. You can use your PAN card number, your IPO application number, or your DP/Client ID.
Complete the Captcha: Enter the captcha code for verification.
View Your Status: Click on the "Search" or "Submit" button to see your allotment status. The number of shares allotted to you will be displayed on the screen. If no shares have been allotted, it will show as "NIL" or "0".
Through the BSE (Bombay Stock Exchange) Website
Investors can also check the allotment status on the BSE's official website:
Go to the BSE Website: Visit the application status check page on the BSE India website.
Select Issue Type: Choose "Equity" as the issue type.
Select Issue Name: From the dropdown list, select "GNG Electronics Limited".
Enter Application Number or PAN: Enter your IPO application number or your 10-digit PAN card number.
Verification: Complete the "I'm not a robot" captcha.
Search: Click on the "Search" button to view your allotment details.
Through the NSE (National Stock Exchange) Website
The allotment status can also be checked on the NSE's platform:
Visit the NSE Website: Go to the IPO allotment status section on the NSE India website.
Select IPO Name: Choose "GNG Electronics IPO" from the list of IPOs.
Enter Your Details: Input your application number and PAN card details.
Submit: Click on the "Submit" button to see if you have been allotted shares.
What to Do After Checking the Allotment Status?
If you have been allotted shares:
Congratulations! The allotted shares will be credited to your Demat account by Tuesday, July 29, 2025.The amount equivalent to the allotted shares will be debited from your bank account which was blocked for the application. You will be able to see the shares in your portfolio once they are listed on the stock exchanges on Wednesday, July 30, 2025
If you have not been allotted shares:
Due to the massive oversubscription, not everyone who applied will get an allotment. If you are not one of the lucky ones, the funds blocked in your bank account for the IPO application will be unblocked. The process of initiating refunds will also begin on July 29, 2025.
A Closer Look at GNG Electronics Limited
GNG Electronics Limited, which operates under the brand name "Electronics Bazaar," is one of India's leading refurbishers of Information and Communication Technology (ICT) devices like laptops and desktops. Founded in 2006, the company has established a significant presence not just in India but also in international markets, including the USA, Europe, Africa, and the UAE.
The company's business model revolves around the entire refurbishment value chain, from sourcing used electronics to repairing, enhancing, and selling them, complete with warranty and after-sales support. This focus on the circular economy allows GNG to offer cost-effective and sustainable technology products.
GNG Electronics IPO Details at a Glance
| IPO Size | ₹460.43 crores |
| Fresh Issue | 1.69 crore shares (aggregating to ₹400.00 crores) |
| Offer for Sale (OFS) | 25.5 lakh shares (aggregating to ₹60.44 crores) |
| Price Band | ₹225 to ₹237 per share |
| Minimum Lot Size | 63 shares |
| Minimum Investment (Retail) | ₹14,931 |
| Listing On | BSE and NSE |
| Registrar | Bigshare Services Pvt Ltd |
| Allotment Date | July 28, 2025 |
| Listing Date | July 30, 2025 |
Source: IPO Prospectus and Stock Exchange Filings
Decoding the Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It's the premium at which IPO shares are traded in the grey market before they are officially listed.
As of July 28, 2025, the GMP for GNG Electronics IPO is reported to be around ₹94.This suggests that the shares could list at approximately ₹331 (₹237 + ₹94), which is a premium of nearly 40% over the upper price band. While GMP is not an official metric, it often reflects the market's sentiment and demand for the stock.
Use of IPO Proceeds
GNG Electronics has stated that the net proceeds from the fresh issue will be primarily utilized for:
Prepayment and/or repayment of a portion of the company's and its material subsidiary's outstanding borrowings.
General corporate purposes.
This indicates a focus on strengthening the company's financial position by reducing debt.
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What Should Investors Do Post-Listing?
For those who have been allotted shares, the decision to hold or sell depends on their investment goals and risk appetite.
For Listing Gains: Given the strong GMP and high subscription levels, a handsome listing gain is expected. Investors who applied for short-term gains might consider booking profits on the listing day.
For Long-Term Investment: Investors with a long-term perspective should consider the company's fundamentals, growth prospects in the refurbished electronics market, and its financial performance. The decision to hold will depend on the belief in the company's ability to continue its growth trajectory.
The Road Ahead for GNG Electronics
The refurbished electronics market is a rapidly growing segment, driven by a demand for affordable devices and an increasing focus on sustainability. As a key player in this space, GNG Electronics appears well-positioned to capitalize on this trend.
This successful IPO provides the company with the necessary capital to reduce its debt and for future growth initiatives. The strong investor interest is a testament to the market's confidence in the company's business model and future prospects.
As we at Trends USA Talk continue to monitor the markets, the listing of GNG Electronics will be a keenly watched event. For investors, a thorough analysis of the company's performance post-listing will be crucial in making informed investment decisions.
