Archive · 24 Jul 2025
GNG Electronics IPO Oversubscribed on Day Two
GNG Electronics, a company that fixes up old computers and electronics, is selling shares to the public through an IPO.
People are very interested, with the offering being requested over 22 times the available shares.
The company wants to raise about Rs 460 crore.
GNG Electronics fixes laptops and desktops, and they sell their products around the world.
Experts think it's a good investment because the company is doing well.
The IPO is open until July 25th, and the shares are expected to be listed on the stock market on July 30th.
GNG Electronics' IPO was oversubscribed 22.56 times on its second day.
The IPO price band is Rs 225-237 per share, with investors needing a minimum of 63 shares.
The company aims to raise Rs 460.43 crore through the IPO, including a fresh share sale and an offer for sale.
GNG Electronics refurbishes laptops, desktops, and ICT devices under the 'Electronics Bazaar' brand.
Analysts suggest subscribing to the IPO, citing strong market presence and reasonable valuations.
- Who
- GNG Electronics, a company specializing in refurbishing laptops and desktops.
- What
- GNG Electronics' IPO is oversubscribed on its second day.
- When
- The bidding process began on Wednesday, July 23rd, with the second day closing on Thursday, July 24th. The bidding concludes July 25th. Listing is tentatively scheduled for July 30.
- Where
- GNG Electronics is based in Mumbai and has a presence across India, the USA, Europe, Africa, and UAE.
- Why
- The company is looking to expand its market presence and increase capital.
Analysts
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Market Sentiment
Analysts
Analysts have a mostly positive outlook on the IPO
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Recommendation
Analysts
They recommend subscribing to the IPO for its strong market presence and growth prospects
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- IPO Price Band
- Rs 225-237 per share
- Minimum Application
- 63 shares
- Total Raise
- Rs 460.43 crore
- Subscription Rate (Day 2)
- 22.56 times
- Company Net Profit (FY25)
- Rs 69.03 crore
- Company Revenue (FY25)
- Rs 1,420.37 crore