The allotment for GNG Electronics Limited's Initial Public Offering (IPO) was finalized today, July 28th. The IPO witnessed tremendous enthusiasm from investors and was oversubscribed by a total of 147.93 times. The company's issue closed on July 25th, and the allotment process was completed today.
How to Check Your Allotment Status Online
If you also applied for this IPO, you can now check online whether you received the shares or not. To do this, investors can use two main websites: the official website of BSE and the IPO registrar Bigshare Services' site.
- First, visit the BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Select 'Equity' in 'Issue Type'.
- Select 'GNG Electronics' in 'Issue Name'.
- Now, enter your application number or PAN number.
- Click on 'Search', and the allotment status will be displayed on the screen.
Alternatively, you can visit the registrar's website directly at https://ipo.bigshareonline.com/ipo_status.html and repeat the same process.
Specific Price Band Set for the Issue
GNG Electronics had set a price band of ₹225 to ₹237 per share for its IPO. The size of this public issue was approximately ₹460.43 crore, and one lot included 63 shares.
Bumper Response to the IPO
The GNG Electronics IPO received an overwhelming response from investors. According to NSE data, the company received applications for 2,09,89,15,182 shares against the offered 1,41,88,644 shares. This translates to a total subscription of 147.93 times.
Strong Interest from QIBs and NIIs
The highest demand came from Qualified Institutional Buyers (QIBs), who subscribed their reserved portion by 266.21 times. Meanwhile, Non-Institutional Investors (NIIs) subscribed their portion by 227.67 times. There was also good participation from retail investors, with the subscription in this category reaching 46.84 times.
Significant Surge in GMP
Regarding the Grey Market Premium (GMP) of the IPO, on July 28th, GNG Electronics' shares were seen trading at around ₹331 per share in the unlisted market. This is ₹94, or approximately 39.66 percent, above the upper end of the company's issue price of ₹237. This indicates that investors may receive good returns on the listing day.
Potential Listing Date Set
GNG Electronics' shares are likely to be listed on BSE and NSE on Wednesday, July 30, 2025. According to market sources, the company's shares could list at around ₹331, which would be a premium of about 40 percent compared to the issue price.
Some Key Information About the Company
GNG Electronics is a leading electronic manufacturing company that specializes in making components required for automotive, telecom, and consumer electronics. The company's b client list includes several well-known brands. In addition, the company has modern production facilities and R&D centers.
Use of Funds Raised from the IPO
The company had already stated that the funds raised from the IPO would be used to expand its manufacturing units, purchase machinery, repay debt, and meet working capital requirements.
Investors Await Listing Day
Now that the allotment is finalized, retail and institutional investors are awaiting the listing on July 30th. The market's direction will depend on how high the listing price goes and where the company's shares close on the first day.
GNG IPO: A Lottery-like Atmosphere
The allotment process in IPOs is often like a lottery, especially when the issue is heavily oversubscribed. In the case of GNG Electronics, the 148 times subscription created a lot of competition among investors. Now, most investors are focused on the allotment result to see if they got a portion or not.
When Will Shares Be Credited to Demat Accounts?
For investors who have received the allotment, GNG Electronics' shares will be credited to their demat accounts by July 29, 2025. At the same time, investors who did not receive the shares will have their refund amount returned by the same date.
