New Delhi, India – The allotment for the highly anticipated GNG Electronics IPO has been finalised. Following a massive oversubscription of 147.93 times, investors can now check if they have been allocated shares. The company is set to process refunds and credit shares to the demat accounts of successful allottees today, Tuesday, July 29.
The Grey Market Premium (GMP) for GNG Electronics remains robust, signalling strong investor interest ahead of its stock market debut. The shares are scheduled to be listed on both the BSE and NSE on Wednesday, July 30.
GNG Electronics IPO: GMP and Key Dates
- Allotment Date: Finalised on Monday, July 28.
- Refunds Initiation: Tuesday, July 29.
- Demat Credit of Shares: Tuesday, July 29.
- Listing Date: Wednesday, July 30.
According to data from investorgain.com, the GNG Electronics IPO GMP today is +₹90. This suggests that shares are trading at a premium of ₹90 in the unlisted market. Based on the upper IPO price band of ₹237, the estimated listing price could be around ₹327 per share, indicating a potential premium of nearly 38%.
How to Check GNG Electronics IPO Allotment Status
Investors who applied for the IPO can check their allotment status online through the official registrar’s portal or the stock exchange websites.
1. On the Registrar’s Website (Bigshare Services Pvt Ltd):
- Visit the Bigshare Services IPO status page:
https://ipo.bigshareonline.com/IPO_Status.html - Select “GNG Electronics Limited” from the company dropdown menu.
- Choose one of the three options: Application Number, Beneficiary ID, or PAN.
- Enter the relevant details, complete the captcha, and click “Search”.
- Your allotment status will be displayed on the screen.
2. On the BSE Website:
- Visit the BSE allotment status page:
https://www.bseindia.com/investors/appli_check.aspx - Under ‘Issue Type’, select ‘Equity’.
- Choose ‘GNG Electronics Limited’ from the ‘Issue Name’ dropdown.
- Enter your Application Number or PAN.
- Complete the ‘I’m not a robot’ verification and click “Search”.
3. On the NSE Website:
- Visit the NSE IPO status page:
https://www.nseindia.com/investors/check-trades-bids-verify-ipo-bids - Click on the ‘Equity and SME IPO bids’ option and log in with your PAN details.
- Select ‘GNG Electronics Limited’ to view your allotment status.
IPO Subscription and Analyst Outlook
The ₹460 crore IPO received overwhelming demand, with bids for 209.89 crore shares against the 1.41 crore shares on offer.
- Qualified Institutional Buyers (QIBs): 266.21 times
- Non-Institutional Investors (NIIs): 227.67 times
- Retail Investors: 46.84 times
Prashanth Tapse, Research Analyst at Mehta Equities Ltd, expressed a positive outlook. “Given the strong subscription demand and ongoing market sentiment, we expect a healthy listing gain in the range of 25% and above its issue price,” Tapse said. He also recommended that investors who did not receive an allotment could consider “accumulating on any post-listing dips,” citing the company’s scalable business model and strong fundamentals as attractive for long-term growth.
About GNG Electronics
Operating under the brand name ‘Electronics Bazaar,’ GNG Electronics is a leading global refurbisher of laptops and desktops with operations in India, the US, the UAE, and other regions. The company manages the entire refurbishment value chain, from sourcing and repairing to sales and after-sales support. Financially, the company has shown robust growth, with its revenue from operations growing at a CAGR of 46.3% from FY23-FY25, reaching ₹1,411.1 crore in FY25.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, not of this publication. We advise investors to check with certified experts before making any investment decisions.
