GNG Electronics IPO Allotment Expected Today: GMP Surges 40% Amid Strong Subscription

GNG Electronics IPO allotment is likely to be finalized today, July 28, with a strong response from investors. The IPO received a subscription of 146.9 times, with the retail segment subscribed 47.36 times and institutional investors subscribed 266.21 times. Funds raised from the fresh issue will be used to repay debt, meet working capital needs, and for general corporate purposes. GNG Electronics operates in the refurbishment of ICT devices, with a presence in India, the USA, Europe, Africa, and the UAE.

The allotment status for the GNG Electronics IPO is anticipated to be finalized today, Monday, July 28, 2025, following an overwhelming response from investors. The IPO, which was priced at Rs 237 per share, received a subscription of 146.9 times, with the retail segment subscribed 47.36 times and institutional investors subscribed 266.21 times [1].

The company, which operates in the refurbishment of ICT devices, is expected to use the funds raised from the fresh issue to repay debt, meet working capital needs, and for general corporate purposes. GNG Electronics has a significant presence in India, the USA, Europe, Africa, and the UAE [2].

Investors who applied for the IPO can check their allotment status online through the registrar’s portal or via the BSE website. The listing of GNG Electronics shares is scheduled for July 30 on both BSE and NSE [3].

References:
[1] https://www.business-standard.com/markets/news/gng-electronics-ipo-allotment-today-check-status-gmp-likely-listing-date-125072800104_1.html
[2] https://www.financialexpress.com/market/ipo-news-gng-electronics-ipo-ends-soon-gmp-spikes-over-40-should-you-rush-to-subscribe-3926379/
[3] https://economictimes.indiatimes.com/markets/ipos/fpos/gng-electronics-ipo-allotment-status-out-today-heres-how-to-check-online/articleshow/122943435.cms