GNG Electronics IPO Allotment Out: Company not available in dropdown? Here's what you can do
The allotment of shares for GNG Electronics Ltd.'s IPO is expected to be finalized today, Monday, July 28, 2025, following a three‑day subscription window that closed on July 25. The company's IPO, valued at ₹460.4 crore, attracted exceptional investor interest, ending with a total subscription of nearly 150×, with Qualified Institutional Buyers (QIBs) bidding 266×, non‑institutional investors 227× and retail investors 47×.
Investors who participated can check their allotment via the registrar's portal, Bigshare Services Pvt. Ltd., or through the BSE or NSE IPO allotment pages. If 'GNG Electronics' doesn't appear in dropdowns yet, the allotment may not be finalized and you should try again later in the evening. Shares for successful applicants are expected to be credited to Demat accounts on July 29, with refunds initiated the same day. The stock is set to list on BSE and NSE on July 30.
A surge in grey market premium (GMP)—currently around ₹94 per share—suggests a potential listing price of ₹331, or nearly 40% above the IPO price of ₹237.
About GNG Electronics: Founded in 2006, the company is India's largest refurbisher of laptops and desktops and among the top global refurbishers of ICT devices under its Electronics Bazaar brand. Its operations span 38 countries, including India, the US, Europe, Africa, and the UAE, delivering refurbished hardware at one‑third the cost of new units—with full after‑sales warranty and services.
IPO structure and use of proceeds: The public issue comprised a fresh issue of ~1.69 crore shares (₹400 crore) and an Offer for Sale (OFS) of 25.5 lakh shares (~₹60 crore). Proceeds will be used for debt repayment, working capital and general corporate purposes. Anchor investors invested ₹138.1 crore ahead of the IPO.
What's next: With high GMP suggesting strong listing momentum and shares credited soon, attention shifts to listing day pricing and post‑listing performance, which many expect to reflect the confidence of both retail and institutional investors.
Ahmedabad Plane Crash
Markets Desk at BusinessUpturn.com
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