Archive · 24 Jul 2025
GNG Electronics IPO Over-Subscribed, Strong Demand on Day 2
GNG Electronics, a company that fixes up old computers and laptops, is selling shares to the public (an IPO).
Investors are very interested, with many people wanting to buy shares.
The company is hoping to raise a lot of money.
They fix up electronics and sell them, and the IPO is a way for them to grow.
If you buy the shares, you might make some money if the price goes up.
The company is doing well and has a good business plan.
Shares will start trading on the stock market soon.
GNG Electronics' IPO saw strong demand, oversubscribed 22.56 times on the second day.
The IPO price band is set at Rs 225-237 per share.
The company is looking to raise approximately Rs 460.43 crore through the IPO.
GNG Electronics provides refurbishing services for laptops, desktops, and ICT devices.
The listing date is tentatively set for Wednesday, July 30, with shares to be listed on BSE and NSE.
- Who
- GNG Electronics, a refurbisher of laptops and desktops.
- What
- GNG Electronics' IPO is being offered.
- When
- The bidding process concluded on July 25 and listing is expected July 30.
- Where
- The company is based in Mumbai and operates globally.
- Why
- To raise capital for expansion and increase market presence.
Analysts' Positive Views
No Opposing Side
Overall Sentiment
Analysts' Positive Views
Analysts suggest subscribing to the IPO.
No Opposing Side
No opposing viewpoint provided in the article.
- IPO Price Band
- Rs 225-237 per share
- Amount to be raised
- Rs 460.43 crore
- Subscription rate (day 2)
- 22.56 times
- Company Business
- Refurbishing laptops, desktops, and ICT devices
- Listing Date (tentative)
- Wednesday, July 30
- Financial Year 2025 Revenue
- Rs 1,420.37 crore
- Financial Year 2025 Net Profit
- Rs 69.03 crore