GNG Electronics IPO Allotment on July 28: How To Check Status Online? GMP Signals 40% Premium Listing

The much-anticipated GNG Electronics IPO allotment is expected to be finalized on Monday, July 28, 2025. The IPO of the laptop and desktop refurbishing company saw overwhelming demand, with an overall subscription of 150.21 times. Now, investors are eagerly awaiting the share allotment results before the stock lists on Wednesday, July 30, 2025, on both BSE and NSE.

GNG Electronics Subscription Highlights:

GNG Electronics IPO had received bids for 208.39 crore shares, far exceeding the 1.38 crore shares available. The IPO had been subscribed 150.21 times with Qualified Institutional Buyers (QIB) leading the demand by subscribing 266.21 times their allotted quota.

It was followed by Non-Institutional Investors (NIIs) subscribing 226.44 times their allotted quota. And, retail investors booked their share 47.36 times.

How to Check GNG Electronics IPO Allotment Status Online?

You can check your allotment status via BSE, NSE, or the official registrar (Bigshare Services) using your PAN, application number, or DP/Client ID.

Check on the Bigshare Services website:

1. Visit: https://ipo.bigshareonline.com/IPO_Status.html
2. Select 'GNG Electronics Limited' from the dropdown
3. Choose your ID type (PAN, Application No, Beneficiary ID)
4. Enter details & captcha
5. Click Search to view your allotment status

Check On the BSE Website:

1. Visit: https://www.bseindia.com/investors/appli_check.aspx
2. Select 'Equity' under issue type
3. Choose 'GNG Electronics Limited'
4. Enter Application No. or PAN
5. Complete captcha & click Search

Check On the NSE Website:

1. Visit: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
2. Select 'Equity and SME IPO bids'
3. Choose 'GNG Electronics Limited'
4. Enter PAN & Application No.
5. Click Submit

GNG Electronics IPO GMP:

The current Grey Market Premium (GMP) for GNG Electronics is Rs 94, which means the stock is expected to list at around Rs 331 per share, which is Rs 94 higher than the IPO price of Rs 237. This indicates a possible gain of about 39.66% on listing.

The GMP has been rising recently, ranging between Rs 71 and Rs 105, which shows strong interest from investors. GMP reflects how much more people are willing to pay for the stock before it officially starts trading on the stock exchange.

GNG Electronics IPO Key Details:

The GNG Electronics IPO was open for subscription from July 23 to July 25, 2025. The allotment of shares will take place on July 28, and the shares will be credited to demat accounts on 29th July. Also, the refunds will be initiated on July 29.

The IPO has a total issue size of Rs 460.43 crore. This included a fresh issue of Rs 400 crore through 1.68 crore equity shares and an offer for sale (OFS) worth Rs 60.43 crore through 25.5 lakh shares. The IPO price was priced between Rs 225 and Rs 237 per share.

The IPO is being managed by Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial, while Bigshare Services Pvt Ltd is handling the registrar duties.

The money raised from the fresh issue will be used to repay loans, support working capital needs, and cover other general business expenses.

About GNG Electronics:

Founded in 2006, GNG Electronics is India's largest refurbisher of laptops and desktops. The company operates under the brand "Electronics Bazaar" and specializes in repairing and restoring used electronic devices like laptops, desktops, tablets, servers, and smartphones.

GNG serves a wide range of customers-from individuals to schools and large enterprises-and exports to 38 countries including the US, UAE, UK, and several in Europe and Africa. The company has five refurbishment centers spread across India, the US, and the UAE.

In FY25, GNG refurbished over 5.9 lakh devices and reported a revenue of Rs 1,411 crore. Laptops accounted for more than 75% of its income. Its parent company is Amiable Electronics Pvt Ltd.