Why is GNG Electronics IPO allotment delayed? Here's what we know so far
Investors eagerly awaiting the GNG Electronics IPO allotment status were left in suspense on July 28 as the expected finalisation did not occur within market hours. The ₹460.43 crore IPO, which closed to an overwhelming response on July 25 with a massive 150.21x overall subscription, was scheduled to have its allotment status updated on Monday, but by late evening, it was still pending. What may have caused the delay?
The likely reason behind the delay is the high subscription volume, particularly in the Qualified Institutional Buyers (QIB) and Non-Institutional Investor (NII) categories, which were oversubscribed 266.21 times and 226.44 times, respectively. Such oversubscription often results in complex allotment calculations, especially for large-volume applications and retail investors participating via UPI, where payment verifications must also be reconciled by the registrar.
Moreover, administrative checks and system loads on registrar platforms like Bigshare Services Pvt Ltd — handling this IPO — can sometimes lead to technical lags or deferred processing of allotment files.
While no official statement has confirmed the delay, investors expect the GNG allotment status to go live sometime late tonight or by Tuesday morning (July 29). How to Check GNG Electronics IPO Allotment Status:
📍 On BSE Website: Visit BSE Allotment Page Select 'Equity' as Issue Type Choose GNG Electronics Ltd from the dropdown Enter PAN/Application Number/DP ID Click Search
📍 On NSE Website: Visit NSE IPO Allotment Page Choose 'Equity and SME IPO bids' Select 'GNG Electronics Ltd' Enter PAN & Application Number Click Submit
📍 On Bigshare Services Portal: Visit Bigshare Allotment Page Select GNG Electronics Ltd Enter either PAN, Application No., or DP/Client ID Click Submit GMP and Listing Outlook
As of the latest update, the Grey Market Premium (GMP) for GNG Electronics stands at ₹94, implying a potential listing price of ₹331 (₹237 issue price + ₹94 premium), suggesting a listing gain of ~39.6% — if sentiment holds steady. What Next?
All eyes are now on the final upload of allotment data, which is expected by early July 29. Refunds for unallotted shares will be processed thereafter, and shares are likely to be credited to demat accounts on July 30, followed by listing on BSE and NSE on Wednesday, July 31.
📢 In case of issues or queries, investors can contact Bigshare Services at +91-22-6263 8200 or email: [email protected]
Disclaimer: IPO investments are subject to market risks. Always consult your financial advisor before investing.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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