• By Shreyansh Mangla
  • Thu, 24 Jul 2025 02:19 PM (IST)
  • Source:JND
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GNG Electronics IPO GMP Update: GNG Electronics launched its Initial Public Offering (IPO) on July 23. The IPO has seen a strong subscription rate so far and will close on July 25. On the second day of bidding, the issue has been subscribed 11 times, receiving bids for 15,44,44,752 shares against 1,38,73,595 on offer. Retail participation stands at 10 times, while non-institutional investors (NIIs) have subscribed 24 times. The Qualified Institutional Buyers (QIB) category has received a 1.60 times subscription.

While its price in the unofficial market (Grey Market Premium - GMP) has slipped from 44 per cent to 42 per cent, it still suggests investors could see good profits when shares are listed. On day 1, GNG Electronics IPO was subscribed 9.20 times.

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GNG Electronics IPO Key Dates

The IPO will remain open for subscription till July 25, 2025. Share allotment is likely to be finalised on July 28 and the company is expected to be listed on both BSE and NSE on July 30.

GNG Electronics IPO Price And Lot Size

The price band for GNG Electronics IPO, aiming to raise Rs 460 crores, has been fixed between Rs 225 and Rs 237 per equity share. At its upper price band, the company's market valuation exceeds Rs 2700 crores. For investors, the minimum lot size for the IPO is 63 shares. This means investors must apply for a minimum of 63 shares or in multiples thereof. Retail investors, therefore, require a minimum capital of Rs 14,175 to apply for the IPO.

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GNG Electronics IPO GMP

According to market observers, the unlisted shares of GNG Electronics Ltd are currently trading at Rs 337 against the upper IPO price of Rs 237. This implies a GMP of Rs 100, which is 42 per cent over its issue price. This indicates a strong listing price. The GMP is based on market sentiments and is subject to change, as "Grey Market Premium" reflects investors' willingness to pay more than the issue price.

GNG Electronics IPO: Should You Apply?

Most financial experts are very optimistic about GNG Electronics, strongly advising investors to buy their shares when they first become available to the public for a long-term hold. Investor confidence stems from GNG's impressive financial growth and its dominant position as a market leader in refurbishing electronics. This favorable trend suggests the industry is set for continued success.

Most experts are confident in buying GNG shares for the long term, as the company is a major player in computer refurbishment. GNG is India's top company for refurbishing old computers like laptops and desktops, making them like new. GNG's sales and profits have more than doubled from 2023 to 2025, indicating rapid growth and strong profitability.