Highlights: When is GNG Electronics IPO allotment listing? GMP jumps 40% – Check key details

GNG Electronics, founded in 2006, is a refurbisher of ICT devices like laptops and desktops. The company operates under the brand “Electronics Bazaar” and has a presence in 38 countries, including the USA, Europe, Africa, and the UAE.

Before the IPO opened to the public, GNG Electronics raised Rs 138.13 crore from anchor investors on July 22.

GNG Electronics handles everything from sourcing and refurbishment to after-sales service. Its services include warranty, doorstep support, e-waste management, and upgrade options. Clients include top brands like HP India, Lenovo India, and Vijay Sales.

The company in FY24, reported total revenue of Rs 1,138.1 crore and a net profit of Rs 52.3 crore. For comparison, in FY22, its revenue was Rs 520.5 crore.

“We believe the Company’s initial issue is fully priced in, as its is available at 26.3x TTM EV/EBITDA, higher than the peer’s TTM EV/EBITDA of 22.8x. We expect sustained growth in financials led by consistent demand for quality refurbished electronic products,” said Deven Choksey Research in an IPO note.

You can also find out your GNG Electronics IPO allotment status through the official registrar – Bigshare Services. Follow these simple steps:

– Visit the Bigshare IPO allotment page

– From the dropdown list, select ‘GNG Electronics IPO’.

– Choose any one of the following options to proceed: PAN, Application Number, DP ID/Client ID, Bank Account Number.

– Enter the required details based on your selection.

– Click on ‘Search’ to view your IPO allotment status.

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.

Wondering if you got shares in the GNG Electronics IPO? Here is how to check your allotment status through the BSE (Bombay Stock Exchange) website:

– Visit the official BSE IPO allotment page

– Under the ‘Issue Type’, select ‘Equity’.

– From the list of issues, select ‘GNG Electronics IPO’.

– Enter either your Application Number or PAN (Permanent Account Number).

– Tick the checkbox to complete the captcha (“I’m not a robot”).

– Click on ‘Search’ to view your allotment status.

The money raised from the fresh issue will mainly be used to repay loans taken by GNG Electronics and its major subsidiary, Electronics Bazaar FZC. The rest of the funds will go towards general business purposes and expansion.

In the unofficial grey market, GNG Electronics shares were trading at a premium of Rs 94 to Rs 102 ahead of listing. This hinted at a possible listing price of around Rs 331 to Rs 337, which is roughly 40% higher than the IPO price, although this is subject to market fluctuations.

The IPO was highly successful in terms of demand. Overall, it was subscribed 150.21 times. Institutional buyers (QIBs) led the charge, subscribing 266.21 times. Non-institutional investors (NIIs) followed with 226.44 times, while retail investors subscribed 47.36 times.

The total size of the IPO was Rs 460.43 crore. This included a fresh issue worth Rs 400 crore and an offer-for-sale (OFS) of about Rs 60.44 crore. The fresh issue helps the company raise new capital, while the OFS allows existing shareholders to sell part of their stake.

“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.

The IPO price range was set at Rs 237 per equity share. Each share had a face value of Rs 2. Retail investors had to apply for a minimum of 63 shares, which meant an investment of Rs 14,175 at the upper end of the price band.

GNG Electronics launched its Initial Public Offering (IPO) for public subscription between July 23 and July 25, 2025. After the bidding period closed, the allotment of shares was finalised on July 28. The company’s shares are expected to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 30.

GNG Electronics recently opened its Rs 460.43 crore IPO, which included both a fresh issue and an offer for sale. Out of the total issue size, Rs 400 crore came from a fresh issue of 1.69 crore new shares, while the remaining Rs 60.44 crore was raised through the sale of 26 lakh shares by existing shareholders. The IPO bidding window was open from July 23 to July 25.

Before the public bidding began, the company secured Rs 138.13 crore from anchor investors on July 22.

As per the latest updates, GNG Electronics’ shares are trading at a premium of Rs 94 in the grey market. This suggests a potential listing price of around Rs 331 per share, which is approximately 40% higher than the IPO’s upper price band of Rs 237.

However, investors should note that the grey market premium (GMP) is unofficial and does not guarantee the actual listing price. Final pricing may vary depending on overall market conditions and investor sentiment on the listing day.