GNG Electronics IPO Day 1: Check GMP, issue details, key dates. Apply or not?
With the upper limit of the price range, the company's market capitalisation exceeds ₹ 2,700 crore.
Before the public subscription of its IPO, GNG Electronics secured ₹ 138 crore from anchor investors. Among those allotted shares in the anchor round are Goldman Sachs Fund, Motilal Oswal Mutual Fund, Buoyant Opportunities Strategy, Edelweiss Mutual Fund, and Mirae Asset Mutual Fund, as detailed in a circular posted on BSE's website.
According to the circular, GNG Electronics allocated 58,28,290 equity shares to 14 separate funds at ₹ 237 each. This brings the overall transaction amount to ₹ 138.13 crore.
GNG Electronics is among the top refurbishers of laptops and desktops and has a strong presence in India, the US, Europe, Africa, and the UAE.
The company operates under the "Electronics Bazaar" brand and covers the entire refurbishment value chain, from sourcing and refurbishment to sales and after-sale services, including warranty provisions.
Subscription for the public issue will open at 10:00 IST during Wednesday's deals.
As per Canara Bank Securities, the company is positioned to benefit from favorable industry trends and an increasing global footprint as the demand transitions from unorganised to organised players. The IPO is set at a P/E ratio of 33.43x and a P/BV of 10.17x based on FY25 earnings, which seems reasonable given its growth potential, leadership in the sector, and asset-light business model. The brokerage has given a SUBSCRIBE recommendation to well-informed investors with a medium to long-term investment outlook.
SBI Securities noted that industry predictions show promising growth for the Global Refurbished PC Market and the Indian Refurbished PC Market, with a projected expansion at a CAGR of 18.9% and 31.3% respectively during the period from CY24 to CY29E and FY25 to FY30E. Moreover, the company plans to repay ₹ 320 crore in debt during FY26, which will help reduce interest expenses and enhance profitability. Additionally, the firm lacks any comparable listed industry peers in India. The brokerage has advised investors to SUBSCRIBE to the IPO at the cut-off price.
GNG Electronics IPO includes a fresh equity share issue totaling 400 crore and an offer for sale (OFS) of 25.5 lakh equity shares from promoters, valued at ₹ 60.43 crore at the highest price point. This brings the overall issue size to ₹ 460.43 crore.
The funds raised from the fresh issue will be used for paying off debt, covering working capital needs, and general corporate purposes.
The book-running lead managers for the GNG Electronics IPO are Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial, while Bigshare Services Pvt Ltd serves as the registrar for this issue.
GNG Electronics IPO grey market premium is +103. This indicates GNG Electronics share price was trading at a premium of ₹ 103 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of GNG Electronics share price was indicated at ₹ 340 apiece, which is 43.46% higher than the IPO price of ₹ 237.
In the past five sessions, grey market activities have shown an upward trend, and today's IPO GMP indicates a promising listing. The minimum GMP recorded is ₹ 71.00, while the maximum GMP reaches ₹ 103, as per experts from investorgain.com.
'Grey market premium' indicates investors' readiness to pay more than the issue price. GNG Electronics IPO
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a day ago
- Mint
Stock market this week: Top gainers and losers driving market volatility
In a major boost to India's global trade standing, India and the United Kingdom signed a long-awaited Free Trade Agreement (FTA) on July 23, 2025. The agreement eliminates or reduces tariffs on over 90% of traded goods and liberalizes services and investment norms between the two nations. Sectors expected to benefit include textiles, electric vehicles, IT services, and education. The deal is projected to increase bilateral trade to $34–36 billion annually over the next few years and is India's first comprehensive FTA with a G7 country, reinforcing its reputation as a global trade player and boosting investor sentiment. 2. GNG Electronics IPO subscribed 150.21x, Indiqube Spaces 13.00x, PropShare Titania 1.61x Investor enthusiasm remained strong in the primary markets this week. On July 25, 2025, the IPO of GNG Electronics Ltd. was oversubscribed by 150.21×, driven by robust demand across QIBs, NIIs, and retail segments. Indiqube Spaces Ltd., a workspace solutions provider, also saw a solid response, with subscriptions reaching 13.00×. Meanwhile, PropShare Titania, India's second SM REIT offering, attracted moderate interest and closed with 1.61× overall subscription. The strong IPO response reflects continued liquidity and investor appetite for new listings, especially in tech, real estate, and specialty finance sectors. 3. NFOs launched by Aditya Birla, Zerodha, and Motilal Oswal AMCs The mutual fund space saw new product launches focused on thematic and passive strategies. Aditya Birla Sun Life AMC launched two index-based offerings: the BSE 500 Quality 50 Index and Momentum 50 Index. Zerodha AMC introduced a Multi Asset Passive Fund of Funds, while Motilal Oswal AMC rolled out a Special Opportunities Growth Direct Plan. These NFOs aim to capitalize on growing investor interest in diversified, low-cost, and factor-driven investment vehicles. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
News18
2 days ago
- News18
GNG Electronics IPO GMP Today: How To Check Allotment Status Online? A Step-By-Step Guide
Last Updated: GNG Electronics IPO GMP: The grey market premium remains unchanged at 42.19%, indicating strong listing gains for investors. Here's how to check allotment status. GNG Electronics IPO Allotment Date: The initial public offering of GNG Electronics Ltd, which refurbishes laptops and desktops, has received a 150.21 times subscription on the final day of bidding on Friday. Now, the IPO investors are awaiting the allotment, which will be finalised on Monday, July 28. However, they can check their IPO allotment status on the websites of the BSE and the NSE, as well as registrar Bigshare Services Pvt Ltd. The IPO's grey market premium on Saturday remained unchanged at 42.19%, indicating strong listing gains for investors. 1. Visit Bigshare's website at 2. Select company name 'GNG Electronics' from the drop-down list. 3. Under 'Select Selection Type', choose application ID, beneficiary ID or PAN number. 4. Enter Captcha and hit 'Search' button. Your allotment status will be displayed now. Alternatively, the investors can also check the GNG Electronics IPO allotment on the websites of the BSE and NSE. Visit the BSE IPO Page: Go to Select Issue Type: Choose 'Equity' as the issue type. Select IPO: From the dropdown menu, select 'GNG Electronics Limited'. Enter Details: Provide your Application Number or PAN. Complete CAPTCHA: Tick the 'I'm not a robot" CAPTCHA and click 'Search" to view your allotment status. Via NSE's Website The allotment status can also be checked on the NSE's website at GNG Electronics IPO Allotment & Listing Dates The share allotment of the GNG Electronics IPO is expected to be finalised on July 28 (Monday), and the company is expected to be listed on both BSE and NSE on July 30 (Wednesday). The IPO was opened for subscription between July 23, 2025, and July 25, 2025. GNG Electronics IPO GMP Today According to market observers, unlisted shares of GNG Electronics Ltd are currently trading at Rs 337 against the upper IPO price of Rs 237. It means a grey market premium or GMP of Rs 100, which is 42.19% over its issue price, indicating a strong listing. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. On the final day of bidding on Friday, the issue received a 150.21 times subscription, garnering bids for 2,08,39,60,116 shares as against the 1,38,73,595 shares on offer. The retail and NII participation stood at 47.36x and 226.44x, respectively. The QIB category has received a 266.21x subscription. The IPO is a combination of a fresh issue of equity shares aggregating to Rs 400 crore 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. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book-running lead managers to the issue. The company is expected to list on the bourses on July 30. About GNG Electronics GNG Electronics is one of the leading refurbisher of laptops and desktops with 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, to after-sale services and providing warranty. The company's comprehensive process of refurbishment of ICT devices such as laptops, desktops, tablets, servers, premium smartphones, mobile workstations, and accessories ensures that such devices are similar to new in terms of both performance and aesthetics. Besides, the company is able to offer laptops at one-third price of new devices and other devices like desktops, tablets, servers, premium smart phones, mobile workstations and accessories at 35-50 per cent price of new devices. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO view comments Location : New Delhi, India, India First Published: July 26, 2025, 09:05 IST News business » ipo GNG Electronics IPO GMP Today: How To Check Allotment Status Online? A Step-By-Step Guide Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
2 days ago
- Mint
GNG Electronics IPO allotment date soon. Latest GMP, steps to check share allotment status online
GNG Electronics IPO Allotment: The initial public offering (IPO) of laptop refurbishing company GNG Electronics IPO Ltd has received stellar demand from investors. As the subscription period has ended, focus now shifts towards the GNG Electronics IPO allotment date, which is likely today. In case of any delay, the GNG Electronics IPO Allotment can be expected on Monday. The public issue was open from July 23 to 25. GNG Electronics IPO allotment date is likely 28 July 2025, Monday. With the T+3 day listing rule, GNG Electronics IPO listing date is expected to be July 30. The company will finalise the GNG Electronics IPO allotment status soon. Once the GNG Electronics IPO allotment status is fixed, the company will then credit the equity shares into the demat accounts of eligible allotment holders on July 29, and initiate refunds to unsuccessful bidders on the same day. Investors can check GNG Electronics IPO allotment status online through the websites of BSE and NSE, along with the official portal of the IPO registrar. Bigshare Services Pvt Ltd is the GNG Electronics IPO registrar. GNG Electronics IPO allotment status online check can be done by following a few steps mentioned below. Here's how to check GNG Electronics IPO allotment status online: Step 2] Select 'Equity' in the Issue Type Step 3] Choose 'GNG Electronics Limited' in the Issue Name dropdown menu Step 4] Enter either Application No. or PAN Step 5] Verify by ticking on 'I am not robot' and click on 'Search' Your GNG Electronics IPO allotment status will be displayed on the screen. Step 2] Select 'Equity and SME IPO bids' Step 3] Choose 'GNG Electronics Limited' from the Issue Name dropdown menu Step 4] Enter your PAN and Application Number Your GNG Electronics IPO allotment status will be displayed on the screen. Step 1] Visit the web portal of Bigshare Services here - Step 2] Select 'GNG Electronics Limited' in the Select Company dropbox Step 3] Choose among - Application Number/CAF No, Beneficiary ID, or PAN Step 4] Enter the details as per the option selected Step 5] Fill the captcha and hit on 'Search' Your GNG Electronics IPO allotment status will be displayed on the screen. GNG Electronics shares are witnessing a strong demand in the unlisted market and are trading with a hefty grey market premium (GMP). GNG Electronics IPO GMP today is ₹ 100 per share, stock market experts said. This means that in the grey market, GNG Electronics shares are trading higher by ₹ 100 apiece than their issue price. GNG Electronics IPO GMP today indicates that the estimated listing price of GNG Electronics shares would be ₹ 337 apiece, which is at 42.19% premium to the IPO price of ₹ 237 per share. The public issue opened for subscription on July 23, and closed on July 25. GNG Electronics IPO allotment date is likely July 28, and the IPO listing date is expected to be July 30. GNG Electronics shares will be listed on both the stock exchanges, BSE and NSE. GNG Electronics IPO price band was set at ₹ 237 per share. The company raised ₹ 460.43 crore from the book-building issue, which was a combination of fresh issue of 1.69 crore equity shares worth ₹ 400 crore, and an offer-for-sale (OFS) portion of 25.5 lakh equity shares aggregating to ₹ 60.44 crore. GNG Electronics IPO has been subscribed 147.93 times in total, NSE subscription status data showed. The public issue was booked 46.84 times in the retail category, and 266.21 times in the Qualified Institutional Buyers (QIB) category. The Non-Institutional Investors (NII) portion received 227.67 times subscription. Motilal Oswal Investment Advisors is the book-running lead manager of the GNG Electronics IPO, while Bigshare Services Pvt Ltd is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
