GNG Electronics Limited launched its Initial Public Offering (IPO) on July 23, 2025. The bidding window for the IPO was open from July 23, 2025 till July 25, 2025. The allotment process for GNG Electronics IPO is expected to be finalized today, on Monday, July 28, 2025.

The company shares will be listed on both BSE and NSE with a tentative listing date fixed as Wednesday, July 30, 2025. 

Steps to Check GNG Electronics IPO Allotment Status on NSE

Here is the process to check GNG Electronics IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here 
2. Choose 'Equity & SME IPO bid details' 
3. Select 'GNG Electronics' from the list of companies 
4. Enter your IPO application number and PAN details 
5. Click on the Submit button to check the details of the share allotment 

Steps to Check GNG Electronics IPO Allotment Status on BSE 

Here is the process to check GNG Electronics IPO Allotment Status on BSE 

1. Open the Application Status page of BSE here 
2. Choose 'equity' as the issue type
3. Select 'GNG Electronics’ from the list of companies
4. Enter your IPO application number and PAN details
5. Verify the captcha by clicking on the 'I am not a Robot' box
6. Click on the Submit button to check the details of the share allotment

GNG Electronics Limited - IPO Details

GNG Electronic IPO is a bookbuilding of ₹460.43 crores. The issue is a combination of fresh issue of 1.69 crore shares aggregating to ₹400.00 crores and an offer for sale (OFS) of 25.5 lakh shares aggregating to ₹60.44 crores.

The issue price band is set at ₹225 to ₹237 per share. The minimum lot size for an application is 63 and the minimum investment amount required for retail investors is ₹14,931 (63 shares). 

Motilal Oswal Investment Advisors Limited is the book-running lead manager of the GNG Electronics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

GNG Electronics IPO Overall Subscription Status 

(July 25, 2025, 5 PM)

On Day 3, GNG Electronics IPO was subscribed 150.21 times. The public issue was subscribed 47.36 times in the retail category, 266.21 times in QIB, and 226.44 times in the NII category.

Utilisation of Proceeds

The Company will utilise the net proceeds from the issue for the following purposes:

• Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and the Material Subsidiary namely, Electronics Bazaar FZC.
• General Corporate Purposes

GNG Electronics GMP Details

According to Livemint, the Grey Market Premium (GMP) of GNG Electronics was ₹94 as of July 28, 2025, 08:25 a.m. This indicates that the shares of the company are likely to be listed at ₹331, with a premium of 39.66% over the upper end of the price band.  

About GNG Electronics Limited 

GNG Electronics Limited, founded in 2006, operates under the brand Electronics Bazaar. It is among India's largest refurbishers of laptops and desktops. It also ranks as one of the largest ICT device refurbishers globally. The company operates across a full refurbishment value chain, from sourcing and refurbishing to sales, warranty, and after-sale support. Thus, helping deliver cost-effective and sustainable tech products. It also has a presence globally across the USA, Europe, Africa, and the UAE.

As of March 31, 2025, GNG Electronics has a sales network with the refurbished ICT Devices being sold in 38 countries. In FY24, GNG reported revenue of ₹1,138.1 crore and net profit of ₹52.3 crore, showing a significant growth from FY22 when revenue was ₹520.5 crore.

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