Archive · 24 Jul 2025
GNG Electronics IPO: Oversubscribed, GMP Falls, Brokers Recommend
GNG Electronics, a company that fixes up old computers, is selling shares to the public (IPO).
People are buying up the shares quickly, and it's already been oversubscribed by 11 times.
Though the price people are willing to pay above the actual share price has slightly decreased, it's still higher than the official price, which is a good sign.
The company is trying to raise about Rs 460 crore by selling these shares.
Many experts suggest buying the shares because the company has a good growth record and is a big player in the refurbishment business.
GNG Electronics IPO is open for subscription from July 23 to July 25, 2025.
The IPO is oversubscribed more than 11 times as of the second day.
Grey market premium (GMP) has decreased but remains positive.
The IPO price band is set between Rs 225 to Rs 237 per share.
Brokerages largely recommend subscribing to the IPO.
- Who
- GNG Electronics, which refurbishes laptops and desktops.
- What
- GNG Electronics' Initial Public Offering (IPO).
- When
- The IPO is open from July 23 to July 25, 2025.
- Where
- N/A
- Why
- To raise capital for debt payment, working capital and general corporate purposes.
- IPO Open Dates
- July 23-25, 2025
- Subscription
- Over 11x (as of Day 2)
- Price Band
- Rs 225-237 per share
- Issue Size
- Rs 460.43 crore
- Listing Date (Expected)
- July 30, 2025
- GMP
- Rs 100 (approx. 42.19%)