GNG Electronics IPO Sees 9x Oversubscription on Day 1; NII Portion Booked Nearly 19x
By Shishta Dutta | Published at: Jul 23, 2025 06:39 PM IST
Mumbai, July 23, 2025 — GNG Electronics Limited’s ₹400 crore IPO saw a blockbuster response on Day 1, clocking an overall subscription of 9.20 times, led by overwhelming demand from Non-Institutional Investors (NIIs) and robust retail participation.
Day 1 Bidding Status (as of 5:00 PM IST)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 40,24,755 | 67,71,681 | 1.68 |
| Non-Institutional Investors (NIIs) | 30,49,167 | 5,74,93,737 | 18.86 |
| Retail Individual Investors (RIIs) | 67,99,673 | 6,33,26,151 | 9.31 |
| Total | 1,38,73,595 | 12,75,91,569 | 9.20 |
Strong Response from HNIs & Retailers
- NIIs (₹10 lakh+): Subscribed 18.28x
- NIIs (₹2L–10L): Subscribed 22.63x
- Retail Investors (RII): 9.31x
The IPO witnessed robust participation across investor segments. Non-Institutional Investors (NIIs) with investments of over ₹10 lakh subscribed 18.28 times, while those applying in the ₹2 lakh–₹10 lakh category saw even stronger interest with a 22.63 times subscription. Retail Individual Investors (RIIs) also showed solid enthusiasm, subscribing 9.31 times the allocated quota.
Key IPO Information
| Event | Date |
|---|---|
| IPO Opens | July 23, 2025 |
| IPO Closes | July 25, 2025 (Friday) |
| Allotment Finalization | Likely by July 26–28 |
| Listing Expected | On or after July 29 |
| Listing | NSE (designated) & BSE |
| BRLM | Motilal Oswal Investment Advisors IIFL Capital Services JM Financial |
| Registrar | Bigshare Services Pvt Ltd |
Company Overview
GNG Electronics Limited is India’s leading refurbisher of laptops and desktops, and a major global player in the ICT device refurbishment sector. Its FY25 revenue stood at ₹1,411.11 crore, with a profit of ₹69.03 crore, and global distribution across 38 countries under its “Electronics Bazaar” brand.
Stay tuned for Day 2 subscription trends, especially QIB momentum.
REF: https://www.bseindia.com/downloads/ipo/GNG ELECTRONICS LIMITED – RHP & GID_220720251936.zip
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