Welcome to our comprehensive update on the GNG Electronics IPO. This article covers the latest information regarding the GNG Electronics IPO allotment status, how to check if you’ve received an allotment, and what to expect with its Grey Market Premium (GMP).
GNG Electronics IPO Application Dates and Allotment Schedule
If you applied for the GNG Electronics IPO on July 23rd, July 24th, or July 25th, the allotment status was expected to be visible on the registrar’s website by July 28th. According to SEBI guidelines, allotment statuses typically start appearing on the registrar’s site by around 7:00 PM on the allotment date. However, the allotment status for GNG Electronics IPO has not yet started appearing on the registrar’s website.
How to Check Your GNG Electronics IPO Allotment Status
The registrar for the GNG Electronics IPO is Bigshare Services Private Limited. To check your allotment status:
- Visit the Registrar’s Website: You will need to access the direct link to the Bigshare Services Private Limited website. This link is often shared on Telegram groups as soon as the status goes live.
- Navigate to Allotment Status: Once on the site, scroll down.
- Select the Company: From the dropdown menu, select “GNG Electronics Limited.” (You might see other company names initially, but ensure you select GNG Electronics Limited).
- Enter Details: Choose to search by “PAN Number” and enter your PAN.
- Complete Captcha: Enter the displayed captcha code.
- Search: Click on the “Search” button to view your allotment status.
While the status was expected by the evening, delays are common, especially with smaller IPOs that receive high public interest. Given the registrar’s track record and the significant number of applications for this small to medium-sized issue, the allotment status for GNG Electronics IPO is likely to appear late at night, potentially between 10:00 PM and 12:00 AM. The company’s ability to handle high website traffic during this period will be crucial.
Understanding Bank Messages for Allotment Confirmation
Before the official status appears on the registrar’s site, you might receive bank messages that indicate your allotment status:
- Debit Message: If you receive a debit message from your bank for ₹14,931 (the application amount), it typically means you have been allotted shares in the IPO.
- Credit or Revoke Message: If you receive a credit or revoke message from your bank, it signifies that your application was unsuccessful, and you have not received an allotment.
- No Message: If you haven’t received any bank messages, it’s best to wait and check the official allotment status on the registrar’s website once it’s live.
GNG Electronics IPO Grey Market Premium (GMP) Update
The Grey Market Premium (GMP) for GNG Electronics IPO currently stands at ₹94. With a listing price of ₹331, this suggests a potential listing gain of approximately 40% per lot. Based on the current GMP, the IPO is estimated to deliver a listing gain of around ₹6,600 per lot. It is anticipated that the GMP might experience further volatility after the allotment status is officially released. Any significant changes to the GMP will be discussed in detail in subsequent updates.
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