Shares of GNG Electronics Ltd are scheduled to be listed on the NSE and BSE on Wednesday, July 30. The company is set to finalise the IPO share allotment status on Monday, July 28, following a robust subscription.The ₹460.43-crore book-building initial public offering (IPO) closed with an overall subscription of 146.9 times on the last day of bidding on Friday. The mainboard IPO attracted applications for more than 208.43 crore shares, compared to 1.41 crore shares on offer.
The IPO was open for subscription from July 23 to July 25.
The retail quota of the IPO was booked 45.32 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 226.45 times. The Qualified Institutional Buyers’ (QIBs) segment was subscribed 266.21 times.The IPO comprised a fresh issue of 1.68 crore shares, amounting to ₹400 crore, and an offer-for-sale (OFS) component of 25.5 lakh shares, aggregating to ₹60.44 crore.Proceeds of the fresh issue will be utilised for the debt payment, funding working capital requirements and for general corporate purposes.The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, Bigshare Services Pvt Ltd.Steps to check GNG Electronics IPO share allotment on BSE:· Visit the IPO allotment page on the BSE website: Select ‘Equity’ as the issue type· Choose GNG Electronics Ltd. from the dropdown menu for issue names
· Enter your application number or PAN to proceed· Click on Search to view your share allotment detailsSteps to check GNG Electronics IPO allotment on Bigshare Services:· Visit the link: From the dropdown menu, select ‘GNG Electronics Ltd’ from the list of companies· Select any one of the PAN, Application Number, DP/Client ID, or Account Number/IFSC to view your allotment status· Enter the required details· Click on ‘Submit’ to check the allotment statusInvestors can also check the allotment status in the GNG Electronics IPO on the NSE website using their PAN and application number.Credit of shares into the Demat account of successful bidders is slated to be initiated by the company on Tuesday, July 29. The company will also process refunds for non-allottees on the same day.About GNG ElectronicsGNG Electronics is a leading provider of refurbished laptops, desktops and ICT devices. The company operates under the brand ‘Electronics Bazaar’. It has a strong presence across the entire refurbishment value chain in India and abroad.GNG Electronics has a major presence globally in the United States, Europe, Africa and the UAE.First Published: Jul 27, 2025 9:19 AM IST
