GNG Electronics IPO Allotment GMP Live: The much-awaited allotment for GNG Electronics IPO was finalised on July 28. After a strong response from investors last week, many are now eagerly waiting to see if they have been allotted shares.
The Rs 460.43 crore IPO received an overwhelming response, closing with a subscription of 146.9 times on the final day of bidding, July 25. Against the 1.41 crore shares on offer, the issue saw applications for a whopping 208.43 crore shares.
GNG Electronics IPO: Who subscribed how much
The IPO of GNG Electronics saw a strong response from investors on the final day of bidding, getting subscribed 150.21 times overall. The retail investor segment subscribed 47.36 times, while institutional investors in the Qualified Institutional Buyers (QIB) category led the demand with a 266.21 times subscription. The Non-Institutional Investors (NII) category was subscribed 226.44 times.
GNG Electronics IPO: Issue structure
The IPO included a fresh issue of 1.68 crore shares worth Rs 400 crore and an offer-for-sale (OFS) of 25.5 lakh shares, amounting to Rs 60.44 crore
Use of proceeds
The funds raised from the fresh issue will go towards repaying existing debt, meeting working capital needs and general corporate purposes.
About the company
GNG Electronics, set up in 2006, is engaged in the business of refurbishing ICT devices such as laptops and desktops. The company operates in both domestic and international markets, with business presence in India, the USA, Europe, Africa, and the UAE.
It runs its services under the brand name “Electronics Bazaar”, managing the full cycle from procurement of used devices to refurbishment, sales, and after-sales service. Products come with warranty support and are aimed at different types of users, including individuals and businesses.
Apart from refurbishment, GNG also handles IT asset disposition (ITAD) and e-waste management. Other services include on-site installation, doorstep service, warranty support, upgrade plans, flexible payment options, and structured buyback programs for ICT devices.
GNG Electronics IPO Allotment Status Live: Here's how to check the allotment status online
GNG Electronics IPO Allotment Live Updates: GNG's core business
At its core, GNG’s business operates on a circular economy model, collecting used electronics, refurbishing them, and reselling to minimise e-waste. With an asset-light, tech-enabled approach, the company caters to both B2B clients and value-conscious consumers worldwide.
GNG Electronics IPO Allotment Live Updates: Updated GMP
GNG Electronics IPO's last GMP stands at Rs 95, as of July 29, 2025, 08:01 PM. With a price band of Rs 237.00, the estimated listing price is Rs 332. The expected gain per share is approximately 40.08%.
GNG Electronics IPO Allotment Live Updates: Price band
GNG Electronics has set its IPO price band at Rs. 237 per share. The minimum application lot size is 63 shares, requiring a retail investor to invest at least Rs. 14,175. For small non-institutional investors (sNII), the minimum investment is 14 lots or 882 shares, totaling Rs. 2,09,034. For big non-institutional investors (bNII), the minimum application is 67 lots or 4,221 shares, amounting to Rs. 10,00,377.
GNG Electronics IPO Allotment Live Updates: Updated GMP
GNG Electronics IPO last GMP is Rs. 95, last updated on July 29th 2025 07:02 PM. With the price band of 237.00, GNG Electronics IPO's estimated listing price is Rs. 332. The expected percentage gain/loss per share is 40.08%.
GNG Electronics IPO Allotment Live Updates: Promoters of the company
Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited and Kay Kay Overseas Corporation are the company promoters.
GNG Electronics' IPO is a book-built issue worth Rs. 460.43 crore. It comprises a fresh issue of 1.69 crore equity shares aggregating to Rs. 400 crore, along with an offer for sale (OFS) of 0.26 crore shares amounting to Rs. 60.43 crore.
GNG Electronics IPO Allotment Live Updates: Important dates
The bidding for GNG Electronics IPO took place from July 23 to July 25, 2025. The allotment was finalised on Monday, July 28, and the stock is set to list on BSE and NSE on Wednesday, July 30.
GNG Electronics IPO Allotment Live Updates: About the company
GNG Electronics operates under the “Electronics Bazaar” brand and refurbishes ICT products like laptops and desktops and was founded in 2006. It handles everything in-house right from sourcing to after-sales support. The company ships to over 38 countries, including the USA, Europe, UAE, and Africa
GNG Electronics IPO Allotment Live Updates: Updated GMP
GNG Electronics IPO has a latest Grey Market Premium (GMP) of Rs. 90, as of July 29, 2025, 2:59 PM. With a price band set at Rs. 237, the estimated listing price is Rs. 327. This suggests an expected gain of approximately 37.97% per share.
GNG Electronics IPO Allotment Live Updates: Circular model with global reach
At its core, GNG’s business follows a circular economy model-collecting used electronics, refurbishing them, and reselling to reduce e-waste. It is an asset-light, tech-enabled operation that appeals to both B2B clients and value-focused consumers globally.
The fresh capital is planned for repaying debts, general corporate purposes, and strengthening operations at its UAE-based subsidiary.
GNG Electronics IPO Allotment Live Updates: Choice Broking on GNG Electronics
"Growth prospects remain healthy with increased demand for affordable digital devices and sustainability-led practices, though margin expansion may remain limited due to competitive pressures and dependency on large clients. Therefore, considering its niche market position, scalable business model, and long-term growth potential , we recommend a 'Subscribe for Long Term' rating for the issue," said Choice Broking in an IPO note.
GNG Electronics IPO Allotment Live Updates: Company has deep procurement network
Electronics Bazaar’s competitive advantage lies in its deep procurement network, certified partnerships with global OEMs, high-quality refurbishment processes, and efficient supply chain management. This integrated approach ensures consistent availability of reliable ICT products across global markets, positioning the company as a trusted leader in the refurbished ICT industry.
GNG Electronics IPO Allotment Live Updates: The business behind the buzz
Founded in 2006, GNG Electronics operates under the “Electronics Bazaar” brand and refurbishes ICT products like laptops and desktops. It handles everything in-house right from sourcing to after-sales support. The company ships to over 38 countries, including the USA, Europe, UAE, and Africa.
GNG Electronics IPO Allotment Live Updates: Subscription recap
The IPO was oversubscribed by a staggering 150.21 times overall. The QIB portion alone saw a 266x subscription, NIIs at 226x, and retail at 47x.
GNG Electronics IPO Allotment Live Updates: Services provided by GNG Electronics
GNG Electronics serves as IT asset disposition (ITAD) partners for leasing companies, IT consulting companies and banks as it meets their sustainability and data privacy requirements. It offers other value – added services such as ITAD and e – waste management services, warranties, doorstep service, on–site installation, flexible pay options, easy upgrades, assured buyback programmes and buyback programmes for refurbished ICT Devices.
GNG Electronics IPO Allotment Live Updates: A Rs 460 crore issue
The IPO size stood at approximately Rs 460.43 crore, split between a fresh issue worth Rs 400 crore and an offer-for-sale (OFS) of Rs 60.44 crore by existing shareholders. Shares were offered in a price range of Rs 225-Rs 237, with a face value of Rs 2 apiece.
GNG Electronics IPO Allotment Live Updates: From bidding to BSE & NSE - Key dates
The public issue opened for subscription between July 23 and July 25. Allotments were wrapped up by July 28, and shares will be credited to demat accounts by July 29. GNG Electronics is all set to make its debut on both the BSE and NSE on Wednesday, July 30.
It is India’s largest Microsoft authorised refurbisher, in terms of refurbishing capability, as of FY25. It also serves as an IT asset disposal partner for India’s second–largest software company, in terms of market capitalisation as of FY25, procuring their used IT assets.
GNG Electronics IPO Allotment Live Updates: GMP and listing buzz
In the unlisted market, GNG shares were commanding a grey market premium (GMP) of Rs 94 over the issue price, implying a possible listing at Rs 331/share, a 40% jump. It is important to note GMPs are unofficial, and may change s per market sentiment.
GNG Electronics IPO Allotment Live Updates: Pre-listing views on GNG - Long term hold
"Given the strong subscription demand and ongoing market sentiment, we expect a healthy listing gain in the range of 25% and above its issue price. For conservative investors, this presents an opportunity to book profits on listing day, capitalizing on initial momentum. However, for long-term or higher-risk investors, we believe GNG Electronics offers a compelling investment opportunity, underpinned by scalable operations, strong VAR alliances, and alignment with the growing needs of the SME ICT ecosystem. The company’s strategic positioning and fundamentals suggest sustainable growth potential well beyond initial listing gains," said Prashanth Tapse, Senior VP (Research), Mehta Equities
"For investors who did not receive allotment, we recommend accumulating on any post-listing dips, especially if short-term volatility arises due to broader market sentiment. GNG Electronics presents an attractive entry opportunity, backed by strong sectoral tailwinds and value-driven fundamentals. Its scalable business model and alignment with the evolving SME tech landscape position it well for sustained long-term growth," he added.
GNG Electronics IPO Allotment Live Updates: Pre-listing views on GNG
"Despite ongoing market volatility, GNG Electronics received an overwhelming investor response, with its IPO oversubscribed by 150 times. The strong demand, particularly from Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs), underscores institutional confidence in the company’s robust fundamentals and long-term growth prospects. We believe this exceptional response was driven by attractive valuations, which offered compelling upside potential. GNG is strategically positioned to capitalize on the rising demand for cost-effective and sustainable ICT solutions. Its fully integrated operations—spanning sourcing to after-sales service—combined with strong value-added reseller (VAR) partnerships with industry leaders like HP, Lenovo, and Microsoft, and ISO-certified high-capacity refurbishing facilities, provide a strong foundation for scalability and operational excellence," said Prashanth Tapse, Senior VP (Research), Mehta Equities.
GNG Electronics IPO Allotment Live Updates: Bajaj Broking on GNG IPO
“On the financial performance front, for the last three fiscals, the company has (on a consolidated basis) posted a total income/net profit of Rs 662.79 cr/ Rs 32.43 cr (FY23), Rs 1143.80 cr/ Rs 52.31 cr (FY24), and Rs 1420.37 cr/ Rs 69.03 cr (FY25). This indicates the ongoing trends and likely prospects for this refurbishing of IT devices segment. The company has average RoNW of 30.68%. If we attribute FY25 annualized earnings then the asking price is at a P/E of 39.17. Based on FY24 earnings, the P/E stands at 51.63,” Bajaj Broking on GNG Electronics IPO.
GNG Electronics IPO Allotment Live Updates: When is the IPO listing?
GNG Electronics is all set to make its stock market debut on Wednesday, July 30, with its shares scheduled to list on both the BSE and NSE. The company had set a price band of Rs 225 to Rs 237 for its IPO, which saw an overwhelming response from investors. The issue was subscribed nearly 147 times by the end of the bidding period.
GNG Electronics IPO Allotment Live Updates: Who are the main managers?
Motilal Oswal Investment Advisors, IIFL Capital Services and JM Financial are the book-running lead managers to the issue. GNG Electronics is one of the leading refurbishers of laptops and desktops with a significant presence across India, the US, Europe, Africa, and the UAE. The company operates under the brand 'Electronics Bazaar', with presence across the full refurbishment value chain from sourcing to refurbishment to sales, after-sale services and providing warranty.
GNG Electronics IPO Allotment Live Updates: How to check status on NSE
You can also check if you have received an allotment in the GNG Electronics IPO through the NSE (National Stock Exchange) portal. Here is a step-by-step guide:
- Go to the NSE IPO allotment tracking page
- Click on ‘Equity and SME IPO Bid Details’.
- From the list of IPOs, choose ‘GNG Electronics IPO’.
- Enter your Application Number and PAN.
- Hit ‘Search’ to check if you’ve been allotted any shares.
GNG Electronics IPO Allotment Live Updates: Total issue size of Rs 460.43 crore
The IPO is a combination of a fresh issue of equity shares aggregating to 400 core and an offer-for-sale (OFS) of 25.5 lakh equity shares by promoters worth Rs 60.43 crore at the upper-end of the price band. This takes the total issue size to Rs 460.43 crore.
Proceeds of the fresh issue will be utilised for the debt payment, funding working capital requirements and for general corporate purposes.
GNG Electronics IPO Allotment Live Updates: What is the current GMP?
According to the latest updates, shares of GNG Electronics continue to trade at a premium of Rs 94 in the grey market. This suggests a listing price of around Rs 331 per share --- approximately 40% higher than the IPO’s upper price band of Rs 237.
It is however pertinent to note that GMP is an unofficial estimate that does not guarantee the actual listing price.
GNG Electronics IPO Allotment Live Updates: What happens if you don't get allotment?
The allotment for GNG Electronics IPO is likely to be finalised today. Those who do not receive any shares will see the blocked funds being released back to their accounts. The unblocking process is expected to begin on July 29 --- a day after the allotment is finalised.
GNG Electronics will be listed on the BSE and NSE on Wednesday, July 30. The initial public offering had a price band of Rs 225-237 per share. It received a whopping 146.90 times subscription on the closing day of share sale on Friday, mirroring a strong participation from institutional buyers.