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GNG Electronics IPO Allotment Status

Written by: Akshay ShivalkarUpdated on: 26 Jul 2025, 2:57 am IST
GNG Electronics IPO opened on July 23, 2025, with a ₹460.43 crore issue at a price of ₹225-₹237 per share. Allotment finalises on July 28, 2025; listing set for July 30, 2025, on BSE and NSE.
GNG Electronics IPO Allotment Status
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

GNG Electronics IPO is a book-built issue IPO, aiming to raise ₹460.43 crore. It comprises a fresh issue of 1.69 crore equity shares aggregating to ₹400.00 crore and an offer for sale of 0.26 crore shares aggregating to ₹60.44 crore. The bidding window was open from July 23, 2025, to July 25, 2025, with the IPO allotment to be finalised on July 28, 2025. GNG Electronics is scheduled to list on BSE and NSE on July 30, 2025.

The IPO was priced at ₹225-₹237 per share with a lot size of 63 shares. The public issue received bids for 2,08,39,60,116 shares against 1,38,73,595 shares available, resulting in an overall subscription of 150.21 times. QIPs led the response, subscribing 266.21 times their quota, followed by NIIs at 226.44 times.

How to Check GNG Electronics IPO Allotment Status Online on NSE?

  • Go to the application status page.
  • Select "Equity and SME IPO bids".
  • Choose "GNG Electronics" from the Issue Name dropdown.
  • Provide your Application Number or PAN.
  • Click on Submit.

How to Check GNG Electronics IPO Allotment Status Online on BSE?

  • Go to the application status page.
  • Select "Equity" under the Issue Type.
  • Choose "GNG Electronics" from the Issue Name dropdown.
  • Provide your Application Number or PAN.
  • Click on “I am not a robot” and submit.

How to Check GNG Electronics IPO Allotment Status Online on the Registrar’s Website?

  • Go to the registrar’s official website.
  • Select "GNG Electronics" from the company list.
  • Enter your Client ID, Application Number, or PAN.
  • Click on Submit.

GNG Electronics IPO Details

GNG Electronics' ₹460.43 crore IPO, priced at ₹225-₹237 per share, was subscribed 150.21 times overall. The IPO is a fresh issue of 1.69 crore equity shares aggregating to ₹400.00 crore and an offer for sale of 0.26 crore shares aggregating to ₹60.44 crore. Bidding took place from July 23 to July 25, 2025, with the GNG Electronics IPO allotment status on July 28, 2025. Retail investors subscribed 47.36 and NIIs 226.44 times. Listing is expected on July 30, 2025.

Allocation Quota for GNG Electronics

The table below breaks down the GNG Electronics share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.

Investor CategoryShares Offered
QIB Shares Offered98,53,045 (50.01%)
− Anchor Investor Shares Offered58,28,290 (29.58%)
− QIB (Ex. Anchor) Shares Offered40,24,755 (20.43%)
NII (HNI) Shares Offered30,49,167 (15.48%)
− bNII > ₹10L19,42,764 (9.86%)
− sNII < ₹10L9,71,382 (4.93%)
Retail Shares Offered67,99,673 (34.51%)
Total Shares Offered1,97,01,885 (100.00%)
Total Shares Offered2,95,42,340 (100.00%)

Data Source: NSE

GNG Electronics IPO – Overall Subscription Status

CategorySubscription (times)
Qualified Institutional Buyers266.21
Non-Institutional Investors226.44
Retail Individual Investors47.36
Total shares150.21

Note: The subscription details are as of July 25, 2025

GNG Electronics Business Overview

GNG Electronics Limited was originally incorporated as GNG Electronics Private Limited on October 19, 2006, under the Companies Act, 1956. Pursuant to a resolution passed at an extraordinary general meeting held on October 23, 2024, the company was converted into a public limited entity and renamed GNG Electronics Limited. A fresh certificate of incorporation reflecting the change was issued on November 20, 2024.

The company is engaged in the refurbishment and sale of ICT (Information and Communication Technology) devices, including laptops, desktops, tablets, servers, premium smartphones, and accessories. Operating under the brand name “Electronics Bazaar”, GNG Electronics has established itself as India’s largest refurbisher of laptops and desktops, and one of the leading players globally in the refurbished electronics segment.

GNG Electronics manages the full refurbishment value chain—from sourcing and repair to sales, after-sales service, and warranty support. Its operations span across India, the United Arab Emirates, the United States, Europe, and Africa, with refurbishing facilities located in Navi Mumbai, Sharjah, and Dallas. The company’s material subsidiary, Electronics Bazaar FZC, based in the UAE, contributes significantly to its consolidated revenue.

With a strong emphasis on affordability, reliability, and sustainability, GNG Electronics is well-positioned to capitalise on the growing global demand for refurbished ICT devices. Its strategic focus on B2B channels, operational efficiency, and international expansion underpins its long-term growth strategy.

Know more about IPO allotment status and check your application details online for the latest updates on share allocation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jul 25, 2025, 9:27 PM IST

Akshay Shivalkar

Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.

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