Latest news with #GNGElectronics'
Business Upturn
3 hours ago
- Business
- Business Upturn
GNG Electronics IPO Allotment Out: Company not available in dropdown? Here's what you can do
If 'GNG Electronics' doesn't appear in dropdowns yet, the allotment may not be finalized and you should try again later in the evening By Markets Desk Published on July 28, 2025, 16:01 IST The allotment of shares for GNG Electronics Ltd.'s IPO is expected to be finalized today, Monday, July 28, 2025, following a three‑day subscription window that closed on July 25. The company's IPO, valued at ₹460.4 crore, attracted exceptional investor interest, ending with a total subscription of nearly 150×, with Qualified Institutional Buyers (QIBs) bidding 266×, non‑institutional investors 227× and retail investors 47×. Investors who participated can check their allotment via the registrar's portal, Bigshare Services Pvt. Ltd., or through the BSE or NSE IPO allotment pages. If 'GNG Electronics' doesn't appear in dropdowns yet, the allotment may not be finalized and you should try again later in the evening. Shares for successful applicants are expected to be credited to Demat accounts on July 29, with refunds initiated the same day. The stock is set to list on BSE and NSE on July 30. A surge in grey market premium (GMP)—currently around ₹94 per share—suggests a potential listing price of ₹331, or nearly 40% above the IPO price of ₹237. About GNG Electronics: Founded in 2006, the company is India's largest refurbisher of laptops and desktops and among the top global refurbishers of ICT devices under its Electronics Bazaar brand. Its operations span 38 countries, including India, the US, Europe, Africa, and the UAE, delivering refurbished hardware at one‑third the cost of new units—with full after‑sales warranty and services. IPO structure and use of proceeds: The public issue comprised a fresh issue of ~1.69 crore shares (₹400 crore) and an Offer for Sale (OFS) of 25.5 lakh shares (~₹60 crore). Proceeds will be used for debt repayment, working capital and general corporate purposes. Anchor investors invested ₹138.1 crore ahead of the IPO. What's next: With high GMP suggesting strong listing momentum and shares credited soon, attention shifts to listing day pricing and post‑listing performance, which many expect to reflect the confidence of both retail and institutional investors. Ahmedabad Plane Crash Markets Desk at
Economic Times
11 hours ago
- Business
- Economic Times
GNG Electronics IPO: Allotment status out today, here's how to check online
Here's how to check GNG Electronics IPO allotment status Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment status for GNG Electronics' Rs 460.43 crore IPO is expected to be announced today. With the public issue attracting overwhelming investor response across categories and subscribing 150 times overall, market participants are keen to know who will receive shares ahead of its listing on July offer had seen intense bidding from all segments. Qualified institutional buyers subscribed their portion 266.21 times, while non-institutional investors bid 226.44 times. Even in the retail category, the issue was oversubscribed 47.36 times, signalling broad-based the back of this robust participation, GNG Electronics is trading at a grey market premium of around Rs 95 per share, implying a listing pop of nearly 40% over the issue price of Rs who applied for the IPO can check their allotment status online through the registrar's portal or via the BSE 1: Through the Registrar (Bigshare Services)Visit the Bigshare IPO allotment portalSelect 'GNG Electronics' from the dropdown PAN/Application numberOption 2: Via BSE WebsiteGo to the BSE IPO Allotment PageSelect 'Equity' and then choose 'GNG Electronics'Enter your application number and PANThose allotted shares can expect them to be credited in their Demat accounts by July 29. Refunds for applicants who did not receive allotment will also be initiated on the same date. The listing of GNG Electronics shares is scheduled for July 30 on both BSE and company, which operates in the refurbished electronics segment under the Electronics Bazaar brand, offers end-to-end services from sourcing and refurbishment to sale and after-sales client base spans 38 countries, and it operates over 4,000 touchpoints globally. Backed by strong growth in revenue and profitability over the past two years, the company has positioned itself as a prominent player in the circular economy-driven tech listing is being closely tracked as a potential breakout debut in the refurbished tech hardware space.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
11 hours ago
- Business
- Time of India
GNG Electronics IPO: Allotment status out today, here's how to check online
Here's how to check GNG Electronics IPO allotment status Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment status for GNG Electronics' Rs 460.43 crore IPO is expected to be announced today. With the public issue attracting overwhelming investor response across categories and subscribing 150 times overall, market participants are keen to know who will receive shares ahead of its listing on July offer had seen intense bidding from all segments. Qualified institutional buyers subscribed their portion 266.21 times, while non-institutional investors bid 226.44 times. Even in the retail category, the issue was oversubscribed 47.36 times, signalling broad-based the back of this robust participation, GNG Electronics is trading at a grey market premium of around Rs 95 per share, implying a listing pop of nearly 40% over the issue price of Rs who applied for the IPO can check their allotment status online through the registrar's portal or via the BSE 1: Through the Registrar (Bigshare Services)Visit the Bigshare IPO allotment portalSelect 'GNG Electronics' from the dropdown PAN/Application numberOption 2: Via BSE WebsiteGo to the BSE IPO Allotment PageSelect 'Equity' and then choose 'GNG Electronics'Enter your application number and PANThose allotted shares can expect them to be credited in their Demat accounts by July 29. Refunds for applicants who did not receive allotment will also be initiated on the same date. The listing of GNG Electronics shares is scheduled for July 30 on both BSE and company, which operates in the refurbished electronics segment under the Electronics Bazaar brand, offers end-to-end services from sourcing and refurbishment to sale and after-sales client base spans 38 countries, and it operates over 4,000 touchpoints globally. Backed by strong growth in revenue and profitability over the past two years, the company has positioned itself as a prominent player in the circular economy-driven tech listing is being closely tracked as a potential breakout debut in the refurbished tech hardware space.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
