The GNG Electronics IPO has generated major buzz in India’s stock market, drawing eye-catching demand from investors across categories. If you’re seeking verified and up-to-date information about the GNG Electronics IPO allotment status, GMP, subscription details, and key company highlights here’s your ultimate guide.
GNG Electronics IPO: Subscription, Issue Size & Dates
- IPO Open & Close: Bidding for shares opened on July 23, 2025, and ended July 25, 2025.
- Allotment Finalization: The allotment was finalized on July 28, 2025.
- Listing Date: Shares are set to list on both BSE and NSE on July 30, 2025.
- IPO Size: ₹460.43 crore (a fresh issue of ₹400 crore and an offer for sale/OFS of ₹60.44 crore).
- Price Band: ₹225–₹237 per share.
Massive Oversubscription and Investor Response
- Overall Subscription: The IPO was oversubscribed 150.21 times, reflecting robust investor enthusiasm.
- QIB (Institutional) Category: 266.21 times subscription.
- NII (High Net-Worth): 226.44 times.
- Retail Investors: 47.36 times.
These numbers demonstrate broad-based interest, with particularly strong participation from institutional investors.
GNG Electronics IPO GMP (Grey Market Premium) and Expected Listing Price
- Latest GMP: As of July 29, 2025, the grey market premium stands at ₹90–₹94 per share over the issue price.
- Estimated Listing Price: The estimated listing price is ₹327–₹331 per share, suggesting a potential gain of 38–40% over the IPO’s upper price band.
Note: GMP is an unofficial indicator, not a guarantee of final listing price.
About GNG Electronics: Business Model & Reach
- Founded: 2006.
- Core Business: Refurbishment of ICT products mainly laptops and desktops via its “Electronics Bazaar” brand.
- Global Operations: Presence in 38 countries, including the USA, Europe, UAE, and Africa.
- Circular Economy Model: GNG focuses on acquiring used electronics, refurbishment, and resale, promoting sustainability and reducing e-waste.
- Services: End-to-end operations from sourcing to after-sales, including warranty, doorstep service, IT asset disposition (ITAD), e-waste management, and upgrade programs.
- Clients: Includes leading brands and enterprises like HP India, Lenovo India, Vijay Sales, and India’s second-largest software company.
Financial Highlights
- FY23 Revenue/Net Profit: ₹662.79 crore / ₹32.43 crore.
- FY24 Revenue/Net Profit: ₹1,143.80 crore / ₹52.31 crore.
- FY25 Revenue/Net Profit: ₹1,420.37 crore / ₹69.03 crore (projected).
- Average RoNW: 30.68%.
- Valuation: FY25 estimated P/E of 39.17x, FY24 P/E of 51.63x.
Allotment Status: How to Check
- Visit the NSE IPO allotment page. click here
- Click ‘Equity and SME IPO Bid Details.’
- Select ‘GNG Electronics IPO’, enter your details, and check status.
Expert Views & Outlook
Brokerages have generally given a “Subscribe for Long Term” recommendation, citing GNG’s scalable business model, strong sectoral demand, and leadership in the refurbishing space even as they flag potential margin pressures due to competition.
Summary: The GNG Electronics IPO is set for a robust debut, and strong fundamentals, global footprint, and focus on sustainable tech position the company for long-term growth. Investors can expect significant listing gains, and the stock could be a compelling hold for those seeking exposure to India’s booming refurbished electronics sector.
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