GNG Electronics IPO Sees 9x Oversubscription on Day 1; NII Portion Booked Nearly 19x

Authored By Shishta Dutta | Published at: Jul 23, 2025 06:39 PM IST

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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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