GNG Electronics Ltd's IPO concluded with a spectacular investor response, following the three-day bidding process from July 23 to July 25, 2025. The IPO saw an overwhelming subscription of 150.21 times overall, highlighting immense interest across investor categories.
Retail investors subscribed 47.36 times.
Qualified Institutional Buyers (QIBs) oversubscribed the issue by 266.21 times.
Non-Institutional Investors (NIIs) bid 226.44 times.
This robust demand indicates strong confidence in the company's fundamentals and market prospects.
The IPO price band was set at ₹237 per share, with varying lot sizes depending on the investor category:
Retail investors: 63 shares per lot, requiring a minimum investment of ₹14,175.
Small NIIs (sNII): 14 lots or 882 shares, totaling ₹2,09,034.
Big NIIs (bNII): 67 lots or 4,221 shares, amounting to ₹10,00,377.
These structured lot sizes ensured that both small and large investors could participate meaningfully in the offering.
Allotment of shares for the GNG Electronics IPO was finalised on Monday, July 28, 2025. Investors can verify their allotment status via two official portals:
Steps:
Go to the official BSE website.
Under 'Issue Type', select ‘Equity’.
Choose ‘GNG Electronics Limited’ from the dropdown list.
Enter your Application Number and PAN.
Complete the captcha and click ‘Search’ to view your allotment.
Steps:
Visit the Bigshare Services website.
Select ‘GNG Electronics IPO’ from the dropdown.
Choose any one of the following:
Application Number
Beneficiary ID
PAN Number
Fill in the necessary details.
Enter the captcha and click ‘Search’ to check your allotment status.
Note: Allotment details are available only after official confirmation by the registrar.
As of July 28 (6:33 AM), the grey market premium (GMP) for GNG Electronics IPO is reported at ₹94. Although this marks a decline from the peak of ₹105 just before the IPO opening, it still reflects a strong sentiment in the unlisted market.
IPO Price: ₹237
GMP: ₹94
Expected Listing Price: ₹331
Potential Listing Gains: Approximately 39.66%
Shares of GNG Electronics are expected to be listed on both the BSE and NSE on Wednesday, July 30, 2025. Given the high subscription numbers and healthy GMP, the stock is likely to debut with solid listing-day gains.