GNG Electronics IPO Allotment Status OUT Today! Heavy Oversubscription, High GMP; Listing Date, Steps To Check

GNG Electronics IPO allotment status will be released today, July 28, after the issue received a mind blowing response from investors. By the end of the final day of the bidding, the total subscription reached 150.21 times. The public issue is valued at Rs. 460.43 crore, comprising a Rs. 400 crore fresh issue and a Rs. 60.44 crore offer for sale (OFS). People who applied for this issue will get to know if they've secured an allotment, as GNG Electronics shares are getting a strong grey market premium of Rs. 94 ahead of their listing.

GNG Electronics IPO Subscription Status

The GNG Electronics IPO was subscribed a whopping 150.21 times overall because of sky-high investor enthusiasm. Retail investors subscribed 47.36 times, while QIBs and the NIIs subscribed 266.21 times and 226.44 times, respectively.

GNG Electronics IPO GMP Today and Expected Listing Price

According to the Investorgain website, the latest GNG Electronics IPO GMP is Rs. 94 as of July 28. Which means that investors can expect the listing price to be Rs. 331 against the issue price of Rs. 237, gaining about 39.66% from this IPO. This has added excitement for those waiting for listing day, expected on July 30, on both BSE and NSE.

GNG Electronics IPO Allotment Status: Step-by-Step Guide to Check

Investors can now check their GNG Electronics IPO allotment status online through the following portals:

If Checking Via NSE Website

Step 1: Go to the NSE IPO bid status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Step 2: Select the option 'Equity and SME IPO bids' to continue.

Step 3: From the 'Issue Name' dropdown, select 'GNG Electronics Limited'.

Step 4: Enter your PAN and Application Number as per your IPO application details.

Step 5: Click on 'Submit' to view your allotment result.

If Checking Via BSE Website

Step 1: Visit the official BSE IPO allotment portal: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Under the 'Issue Type' section, select 'Equity' from the dropdown menu.

Step 3: In the 'Issue Name' field, choose 'GNG Electronics' from the list of IPOs.

Step 4: Enter your PAN (Permanent Account Number), Application Number, or DP/Client ID, any one of these will work.

Step 5: Click on the 'Submit' button. Your IPO allotment status will be displayed on the screen.

If Checking Via Bigshare Services

Step 1: Visit the official IPO allotment page of Bigshare Services by going to https://ipo.bigshareonline.com/ipo_status.html. This is the registrar website responsible for processing the GNG Electronics IPO allotment.

Step 2: From the drop-down menu on the page, select 'GNG Electronics Limited'

Step 3: Enter your PAN, application number, or DP client ID.

Step 4: Once you've filled in the required details, click on the 'Search' button. The portal will display whether or not you have received an allotment of GNG Electronics IPO shares.

If allotted, the shares will be credited directly to your Demat account before the listing date. If not, then the money invested will be credited back to your source account.

About GNG Electronics Ltd.

GNG Electronics Ltd is a company that refurbishes laptops and desktops, and one of the top refurbishers of ICT (Information and Communication Technology) devices globally. It operates under the brand name Electronics Bazaar and manages the full refurbishment process of electronics. The company has an international presence, with operations in India, the USA, Europe, Africa, and the UAE, and is also the largest Microsoft-authorised refurbisher in India. Between FY23 and FY25, the company recorded a Revenue CAGR of 46%, EBITDA CAGR of 58%, and PAT CAGR of 46%. In FY25, GNG posted a revenue of Rs 1,411 crore, EBITDA of Rs. 117 crore, and profit after tax (PAT) of Rs. 69 crore as per company data.