The wait is finally over for investors in the GNG Electronics IPO, as the allotment status has been released. If you applied for shares during the much-awaited public issue, this guide walks you through all the crucial details: how the allotment worked, how to check your status, expected listing dynamics, and what GNG Electronics brings to the market.
GNG Electronics IPO: Quick Overview
GNG Electronics, a leader in the refurbished tech device sector operating under the Electronics Bazaar brand, launched its IPO from July 23 to July 25, 2025. The offer was available for a price band of ₹225–₹237 per share, with a minimum application lot size of 63 shares. The public issue aimed to raise ₹460.43 crore, combining a fresh issue worth ₹400 crore and an offer for sale of ₹60.44 crore.
High Subscription Shows Strong Demand
Investor enthusiasm saw the GNG Electronics IPO oversubscribed by a remarkable 150.21 times overall. The breakdown is telling:
- Qualified Institutional Buyers (QIBs): 266.21 times subscribed
- Non-Institutional Investors (NIIs): 226.44 times subscribed
- Retail Category: 47.36 times subscribed
This level of oversubscription highlights strong confidence in GNG Electronics’ business fundamentals and prospects for future growth.
How to Check GNG Electronics IPO Allotment Status
If you participated in the IPO, you can easily check your allotment status online:
- BSE Website:
- Visit the BSE IPO Allotment Portal.
- Select ‘Equity’ and then ‘GNG Electronics’ from the dropdown.
- Enter your PAN, application number, or DP/client ID.
- Click Submit to see your status.
- NSE Website: Follow a similar process as on BSE.
- Registrar (Bigshare Services) Website: Access the Bigshare IPO allotment page, select ‘GNG Electronics,’ enter your details and search.
Applicants allotted shares will have them credited to their demat accounts by July 29, 2025. For those not allotted, refunds will be processed by the same date, so check your bank account or UPI for updates.
Grey Market Premium and Listing Expectations
As of July 28, the GNG Electronics IPO is enjoying robust demand in grey market trading, with a grey market premium (GMP) of around ₹94–₹95 per share. Considering the upper price band of ₹237, this suggests a likely listing price of approximately ₹331—a potential gain of close to 40% for allottees, although this is not guaranteed since the grey market is not officially regulated.
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Listing and Next Key Dates
- Allotment Finalization: July 28, 2025
- Shares Credited/Refunds Issued: July 29, 2025
- Listing Date: July 30, 2025 (on BSE & NSE)
About GNG Electronics
Founded in 2006, GNG Electronics is now India’s largest refurbisher of laptops and desktops. The company provides end-to-end solutions from sourcing, refurbishing, and sales to after-sales service, warranty support, and e-waste management. Its network spans 38 countries, with more than 4,000 sales touchpoints as of March 2025.
Working with large format retailers and major OEMs like HP and Lenovo, GNG Electronics helps deliver customer-friendly buyback and warranty programs. The company’s focus on the circular economy and reducing e-waste positions it as a pioneer in sustainable IT solutions, both domestically and abroad.
What Investors Can Do Next
- Check Your Demat Account: Allotted shares should be visible before listing.
- Watch for Volatility on Listing Day: With such high interest and strong GMP, listing day could see significant price movement.
- Keep Perspective: While the IPO has been a success, always evaluate your own investment strategy when considering whether to hold or sell.