GNG Electronics IPO Live Update: The ₹460.43 crore IPO of GNG Electronics has kicked off with strong investor interest. On Day 1 of bidding (July 23), the public issue was subscribed over 8 times, signaling a solid demand from retail and institutional investors alike. The IPO window will remain open till July 25, 2025, and market watchers are keenly eyeing the GMP (grey market premium) which suggests a robust listing.
GNG Electronics IPO Details
- IPO Open Date: July 23, 2025
- IPO Close Date: July 25, 2025
- Price Band: ₹225 – ₹237 per share
- Lot Size: 63
- Total Issue Size: ₹460.43 crore
- Fresh Issue: ₹400 crore
- Offer for Sale (OFS): 2.55 million equity shares worth ₹60.43 crore
- Market Capitalisation (Post IPO): Over ₹2,700 crore (at upper price band)
GNG Electronics GMP Today
The GNG Electronics IPO GMP (grey market premium) stands at ₹105 today. This implies that, at the upper price band of ₹237, the estimated listing price could be around ₹342, offering a potential listing gain of 44.3%.
What Does This Mean for Investors?
A GMP of 44% signals strong secondary market interest and often reflects high investor confidence in the company's fundamentals and future growth potential.
Use of IPO Proceeds
GNG Electronics plans to utilise the IPO funds for:
- Debt repayment
- Working capital requirements
- General corporate purposes
These moves are expected to strengthen the company's balance sheet and provide flexibility for expansion in domestic and international markets.
About GNG Electronics
GNG Electronics is a leading refurbisher of laptops and desktops with a presence across India, the US, Europe, Africa, and the UAE. The company plays a critical role in the sustainable electronics ecosystem, extending the life of IT hardware while offering affordable computing solutions to a wide range of customers.
Lead Managers
The IPO is being managed by some of the top investment banks in the country:
- Motilal Oswal Investment Advisors
- IIFL Capital Services
- JM Financial
Should You Apply for GNG Electronics IPO?
If the oversubscription on Day 1 and the strong GMP trend are any indicators, the GNG Electronics IPO looks promising for short-term gains. Moreover, the company’s business model—refurbishing electronics in a growing tech-savvy and sustainability-focused world—adds long-term value.
Key Takeaway:
With robust demand, a reasonable price band, and positive GMP trends, GNG Electronics IPO may be a worthy consideration for both listing gains and long-term investment. However, always evaluate your financial goals and risk appetite before applying.
