GNG Electronics IPO Allotment Status & GMP Update (as on July 28, 2025)
GNG Electronics IPO Allotment Status & GMP Update (as on July 28, 2025)
IPO Size: ₹460.43 crore (₹400 cr fresh issue + ₹60.44 cr OFS)
Price Band: ₹225–₹237 per share
Lot Size: 63 shares per retail application (~₹14 931 at ₹237)
Book-Running Lead Manager: Motilal Oswal Investment Advisors
Registrar: Bigshare Services Pvt Ltd
Subscription & Allotment
The IPO was open from July 23 to July 25, 2025. It attracted phenomenal interest and was oversubscribed approximately 148× overall by the close of bidding on July 25 :contentReference[oaicite:1]{index=1}.
- QIB subscription: ~266×
- NII subscription: ~227×
- Retail subscription: ~47×
Allotment status is expected today, July 28, 2025. Shares will be credited to Demat accounts and refunds initiated on July 29 :contentReference[oaicite:2]{index=2}.
Grey Market Premium (GMP) & Listing Expectations
As of the morning of July 28, the unofficial *Grey Market Premium* for GNG Electronics stood at approximately ₹94, suggesting a potential listing price of around ₹331 per share—nearly a ≈40% premium over the upper price band of ₹237 :contentReference[oaicite:3]{index=3}.
Valuation
The IPO pricing implies a P/E near ~33× based on FY25 annualized earnings (~₹1,420 crore revenue, ₹69 crore net profit) per analyst reports—a valuation seen as premium but potentially justified by strong growth prospects and market leadership :contentReference[oaicite:4]{index=4}.
Company Snapshot
Founded in 2006, GNG Electronics operates under the *Electronics Bazaar* brand. It specializes in refurbishing and distributing laptops, desktops and other ICT devices and serves over 38 countries with robust after-sales support and warranty services :contentReference[oaicite:5]{index=5}.
How to Check Your Allotment Status
Investors can check their allotment status online via:
- BSE IPO portal: Select Equity → Choose “GNG Electronics Limited” → Enter PAN or Application No → Verify captcha → Search :contentReference[oaicite:6]{index=6}.
- NSE IPO portal: Choose “Equity and SME IPO bids” → Select GNG Electronics → Enter PAN & Application Number → Submit.
- Bigshare Services portal: Select GNG Electronics → Enter PAN or Application/CAF/DP‑ID → Complete captcha → View result :contentReference[oaicite:7]{index=7}.
The Road Ahead
- Allotment Finalization: 28 July 2025
- Shares Credited / Refunds Processed: 29 July 2025
- Tentative Listing Date on NSE/BSE: 30 July 2025 (T+3 norm) :contentReference[oaicite:8]{index=8}.
Takeaway for Investors
- Exceptional investor sentiment—with ~150× oversubscription.
- High GMP (~₹94) forecasts a listing at ~₹331, implying strong initial upside.
- Premium valuation supported by market leadership and global presence.
Written by DKTV Telugu – For verified IPO updates and analysis.
