Archive · 25 Jul 2025
GNG Electronics IPO Sees Strong Demand; NIIs Subscribed 171x
GNG Electronics, a company that fixes up old electronics, is selling shares to the public, called an IPO.
People really want to buy these shares!
The company is trying to raise money to grow its business and pay off some debts.
Many investors, especially big ones, are eager to invest.
The company fixes and resells electronics all over the world and is doing well.
This means the company's value is likely to go up, making investors happy.
GNG Electronics' IPO saw strong investor interest, with over 61 times subscription.
The IPO price band was set between Rs 225 and Rs 237 per share, aiming to raise Rs 460.43 crore.
Non-institutional investors subscribed 171.09 times, while retail investors subscribed 36.67 times.
GNG Electronics, operating under the 'Electronics Bazaar' brand, offers refurbishing services.
The IPO funds will support working capital, debt repayment, and general corporate purposes.
- Who
- GNG Electronics, a company in the electronics refurbishing sector.
- What
- Initial Public Offering (IPO) of GNG Electronics
- When
- July 23-25, 2025, with listing expected on July 30
- Where
- Global market with presence in India, the USA, Europe, Africa, and the UAE.
- Why
- To raise capital for working capital, debt repayment, and corporate purposes.
- Price Band
- Rs 225 - Rs 237 per share
- Issue Size
- Rs 460.43 crore
- Subscription Rate
- 61.84 times overall
- NII Subscription
- 171.09 times
- Retail Subscription
- 36.67 times
- Company Valuation
- Rs 2,700 crore (approx.)
- Listing Date
- July 30
- Grey Market Premium (GMP)
- Rs 100-105