Archive · 23 Jul 2025
IndiQube and GNG Electronics IPOs: Grey Market Premium Insights
Two companies, IndiQube and GNG Electronics, are offering stocks (IPOs) to the public.
IndiQube has many workspaces but isn't making a profit yet.
GNG Electronics sells refurbished electronics and is already profitable.
Investors are interested in both, but GNG seems more attractive now.
The "grey market" shows how much people are willing to pay for these stocks before they are officially available.
The grey market indicates that GNG Electronics is expected to have a good start, and IndiQube is showing positive signs as well.
IndiQube and GNG Electronics IPOs opened for subscription.
GNG Electronics IPO fully subscribed on the first day; IndiQube's retail segment also fully subscribed.
Expert Harshal Dasani believes both IPOs offer distinct opportunities.
IndiQube is a workspace platform with high EBITDA but is currently loss-making.
GNG Electronics is profit-making, involved in refurbished electronics, and expanding globally.
- Who
- IndiQube and GNG Electronics, investors, and expert Harshal Dasani.
- What
- The performance and grey market premium of IndiQube Spaces and GNG Electronics IPOs.
- When
- The IPOs opened for subscription on Wednesday, July 23.
- Where
- N/A
- Why
- To provide insights into the IPO market and the potential of these two companies.
IndiQube View
GNG Electronics View
Investment Approach
IndiQube View
Scale-driven workspace platform; potential for high returns, but riskier and demands a longer holding period.
GNG Electronics View
Profit-focused model; offers a cleaner path to earnings, better for immediate comfort, but might lack the high-growth prospects of IndiQube.
- IndiQube Sq. ft. Under Management
- 8.4 million
- IndiQube FY25 Projected Loss
- ₹14 crore
- GNG Electronics FY25 Revenue
- ₹1,420 crore
- GNG Electronics FY25 Net Profit
- ₹69 crore
- GNG Electronics Countries
- 38
- IndiQube GMP
- +₹23
- GNG Electronics GMP
- +₹105