Latest news with #GNGElectronics
Business Upturn
8 hours ago
- Business
- Business Upturn
Why is GNG Electronics IPO allotment delayed? Here's what we know so far
By Aditya Bhagchandani Published on July 28, 2025, 21:52 IST Investors eagerly awaiting the GNG Electronics IPO allotment status were left in suspense on July 28 as the expected finalisation did not occur within market hours. The ₹460.43 crore IPO, which closed to an overwhelming response on July 25 with a massive 150.21x overall subscription, was scheduled to have its allotment status updated on Monday, but by late evening, it was still pending. What may have caused the delay? The likely reason behind the delay is the high subscription volume, particularly in the Qualified Institutional Buyers (QIB) and Non-Institutional Investor (NII) categories, which were oversubscribed 266.21 times and 226.44 times, respectively. Such oversubscription often results in complex allotment calculations, especially for large-volume applications and retail investors participating via UPI, where payment verifications must also be reconciled by the registrar. Moreover, administrative checks and system loads on registrar platforms like Bigshare Services Pvt Ltd — handling this IPO — can sometimes lead to technical lags or deferred processing of allotment files. While no official statement has confirmed the delay, investors expect the GNG allotment status to go live sometime late tonight or by Tuesday morning (July 29). How to Check GNG Electronics IPO Allotment Status: 📍 On BSE Website: Visit BSE Allotment Page Select 'Equity' as Issue Type Choose GNG Electronics Ltd from the dropdown Enter PAN/Application Number/DP ID Click Search 📍 On NSE Website: Visit NSE IPO Allotment Page Choose 'Equity and SME IPO bids' Select 'GNG Electronics Ltd' Enter PAN & Application Number Click Submit 📍 On Bigshare Services Portal: Visit Bigshare Allotment Page Select GNG Electronics Ltd Enter either PAN, Application No., or DP/Client ID Click Submit GMP and Listing Outlook As of the latest update, the Grey Market Premium (GMP) for GNG Electronics stands at ₹94, implying a potential listing price of ₹331 (₹237 issue price + ₹94 premium), suggesting a listing gain of ~39.6% — if sentiment holds steady. What Next? All eyes are now on the final upload of allotment data, which is expected by early July 29. Refunds for unallotted shares will be processed thereafter, and shares are likely to be credited to demat accounts on July 30, followed by listing on BSE and NSE on Wednesday, July 31. 📢 In case of issues or queries, investors can contact Bigshare Services at +91-22-6263 8200 or email: [email protected] Disclaimer: IPO investments are subject to market risks. Always consult your financial advisor before investing. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
19 hours ago
- Business
- Business Standard
GNG Electronics IPO ends with 147.93x subscription
The offer received bids for 209.89 crore shares as against 1.41 crore shares on offer. The initial public offer of GNG Electronics received bids for 2,09,89,15,182 shares as against 1,41,88,644 shares on offer. The issue was subscribed 147.93 times. The Qualified Institutional Buyers (QIBs) category was subscribed 266.21 times. The Non-Institutional Investors (NIIs) category was subscribed 227.67 times. The Retail Individual Investors (RIIs) category was subscribed 46.84 times. The issue opened for bidding on 23 July 2025 and it closed on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. The IPO consisted of a fresh issue of Rs 400 crore and 2550000 equity shares through an offer for sale. Out of the proceeds from the fresh issue, Rs 320 crore will be used for repayment/prepayment/redemption, in full or in part, of certain borrowings availed of by the company and its material subsidiary, namely, Electronics Bazaar FZC, and the balance for general corporate purposes. GNG Electronics, under the brand Electronics Bazaar, offers end-to-end refurbishing services for laptops, desktops, and ICT devices. With operations across India, the USA, Europe, Africa, and the UAE, the company provides sourcing, refurbishment, sales, and after-sales support, including ITAD and e-waste management. GNG serves major clients like Vijay Sales, HP, and Lenovo through tailored buyback programs and sells refurbished devices in 38 countries via a network of 4,154 touch points as of 31 March, 2025. Ahead of the IPO, GNG Electronics on 22 July 2025 raised Rs 138.13 crore from anchor investors. The board allotted 58.28 lakh shares at Rs 237 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 68.83 crore and sales of Rs 1,411.11 crore for the twelve months ended on 31 March 2025.
Mint
19 hours ago
- Business
- Mint
GNG Electronics IPO allotment date Live Updates: Latest GMP, step-by-step guide to check allotment status online
GNG Electronics IPO share allotment will be finalised today (Monday, July 28). The investors who applied for the issue can check the GNG Electronics IPO allotment status on the registrar's portal, which is Bigshare Services Pvt Ltd. GNG Electronics IPO subscription status on the third day of bidding was 147.93 times, as per BSE. The subscription period for the initial public offering, GNG Electronics Ltd, opened on Wednesday, July 23, and ended on Friday, July 25. Investors can check the allotment details to see how many shares they have been assigned, if at all. The IPO allocation status will also show the number of shares that have been given to them. Applicants who do not receive any shares will initiate the process for refunds. Their demat accounts will be credited with the shares that have been allocated to them. Individuals who received shares will have their demat accounts credited on Tuesday, July 29. The refund procedure will also begin on Tuesday. GNG Electronics IPO listing date is fixed for Wednesday, July 30 on BSE and NSE. GNG Electronics stands out as a prominent refurbisher of laptops and desktops, boasting a considerable presence in India, the US, Europe, Africa, and the UAE. The company functions under the brand name 'Electronics Bazaar,' and encompasses the entire refurbishment value chain, which includes sourcing, refurbishment, sales, after-sales services, and warranty provision. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial serve as the leading book-running managers for the issue. (Stay tuned for more updates) Follow updates here: 28 Jul 2025, 10:50 AM IST Step 1 To input your login details directly, visit the Bigshare URL, Link to the IPO allocation for GNG Electronics Step 2 Choose the company "GNG Electronics IPO" from the options available. Step 3 Select 'PAN Number, Beneficiary ID, or Application No./CAF No.' Step 4 Simply click on "Search." You can use a computer monitor or your phone's display to check 28 Jul 2025, 10:46 AM IST GNG Electronics IPO grey market premium is +94. This indicates GNG Electronics share price was trading at a premium of ₹ 94 in the grey market, according to 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 ₹ 331 apiece, which is 39.66% higher than the IPO price of ₹ 237. According to the grey market activities over the past 11 sessions, the IPO GMP is currently on an upward trend and is anticipated to have a strong listing. The GMP range varies from a low of ₹ 71.00 to a high of ₹ 105, as reported by experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. 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.
News18
20 hours ago
- Business
- News18
GNG Electronics IPO Allotment Today: How To Check Allotment Status Online? A Step-By-Step Guide
GNG Electronics IPO allotment date is likely today, July 28. The allotment status online check can be done through the websites of BSE, NSE GNG Electronics IPO Allotment Today: The allotment status for the highly anticipated Rs 460.43 crore initial public offering (IPO) of GNG Electronics is expected to be announced today, July 28, 2025. The issue witnessed a stellar response across investor categories, with an overall subscription of nearly 148 times, and investors are now eager to find out if they've secured an allotment ahead of the stock's listing on July 30. GNG Electronics IPO allotment status is expected to be finalised soon. Once the company fixes the GNG Electronics IPO allotment status, it will 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. Check via BSE Check via NSE Check via Bigshare Services According to market watchers, GNG Electronics shares are commanding a grey market premium (GMP) of Rs 94 per share. This implies a listing price estimate of Rs 331, nearly 40% higher than the issue price of Rs 237, signalling strong demand in the unlisted space. GNG Electronics IPO Details The IPO comprised a fresh issue of 1.69 crore equity shares worth ₹400 crore and an offer-for-sale (OFS) of 25.5 lakh shares aggregating to ₹60.44 crore. The issue was managed by Motilal Oswal Investment Advisors, while Bigshare Services Pvt Ltd acted as the registrar. The shares are scheduled to list on both the BSE and NSE on July 30. view comments 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.
Business Upturn
20 hours ago
- Business
- Business Upturn
Check IPO allotment status for GNG Electronics IPO; Top subscribed IPO this year
By Aditya Bhagchandani Published on July 28, 2025, 09:52 IST GNG Electronics Ltd is set to finalise its IPO share allotment today, Monday, July 28, after an overwhelming investor response made it the most subscribed IPO of the year. The ₹460.43-crore issue witnessed an overall subscription of 146.9 times when it closed on Friday, July 25. The IPO garnered bids for over 208.43 crore shares against 1.41 crore shares on offer. Retail investors subscribed 45.32 times their quota, while the Non-Institutional Investors (NIIs) segment was booked 226.45 times. The Qualified Institutional Buyers (QIBs) segment led the charge with a subscription of 266.21 times. The IPO consisted of a fresh issue of ₹400 crore and an offer-for-sale worth ₹60.44 crore. Proceeds from the fresh issue will be used to repay debt, meet working capital needs, and for general corporate purposes. How to check GNG Electronics IPO allotment status Allotment status can be checked via the BSE, NSE, or through the registrar Bigshare Services Pvt Ltd: On BSE website: Go to BSE IPO allotment page Select 'Equity' under issue type Choose 'GNG Electronics Ltd.' from the dropdown Enter your application number or PAN Click 'Search' On Bigshare Services: Visit Bigshare allotment page Select 'GNG Electronics Ltd' from the dropdown Provide your PAN/Application number/DP ID/Account number Click 'Submit' On NSE website: Investors can also check using PAN and application number on the NSE IPO portal. Shares are expected to be credited to Demat accounts by Tuesday, July 29, and refunds for unallotted shares will be processed the same day. Listing is scheduled for Wednesday, July 30, on both NSE and BSE. About GNG Electronics Operating under the 'Electronics Bazaar' brand, GNG Electronics is a leading refurbisher of laptops, desktops, and ICT devices, with operations across India and global markets. Risks to consider High oversubscription : A 146.9x subscription makes share allotment extremely competitive. : A 146.9x subscription makes share allotment extremely competitive. Grey Market Premium (GMP) : While current GMP is 42.19%, it's unofficial and volatile. : While current GMP is 42.19%, it's unofficial and volatile. Industry pressure : The refurbished electronics sector is highly competitive, possibly affecting margins. : The refurbished electronics sector is highly competitive, possibly affecting margins. Information gaps : Limited visibility on certain financial and operational data could be a concern. : Limited visibility on certain financial and operational data could be a concern. Regulatory risks: Compliance with SEBI and other norms could impact operations. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making any investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
