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.
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.
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 Category | Shares Offered |
QIB Shares Offered | 98,53,045 (50.01%) |
− Anchor Investor Shares Offered | 58,28,290 (29.58%) |
− QIB (Ex. Anchor) Shares Offered | 40,24,755 (20.43%) |
NII (HNI) Shares Offered | 30,49,167 (15.48%) |
− bNII > ₹10L | 19,42,764 (9.86%) |
− sNII < ₹10L | 9,71,382 (4.93%) |
Retail Shares Offered | 67,99,673 (34.51%) |
Total Shares Offered | 1,97,01,885 (100.00%) |
Total Shares Offered | 2,95,42,340 (100.00%) |
Data Source: NSE
Category | Subscription (times) |
Qualified Institutional Buyers | 266.21 |
Non-Institutional Investors | 226.44 |
Retail Individual Investors | 47.36 |
Total shares | 150.21 |
Note: The subscription details are as of July 25, 2025
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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