Archive · 24 Jul 2025
GNG Electronics IPO: Subscription Surges Amid Strong Investor Interest
GNG Electronics, which sells refurbished electronics under the name Electronics Bazaar, is selling stocks to the public (IPO) to raise money.
They're hoping to get about Rs 460.43 crore.
The price of each share is set between Rs 225 and Rs 237.
Investors are really interested; the offering was already oversubscribed 15 times by the second day!
The money raised will help the company pay off debt, and for other business needs.
The company is doing well, making about Rs 1,420 crore in sales last year.
GNG Electronics launched its IPO on July 23, aiming to raise Rs 460.43 crore.
The IPO price band is between Rs 225 and Rs 237 per share.
The IPO was oversubscribed more than 15 times by midday on Day 2.
The grey market premium (GMP) is Rs 100, suggesting a listing price around Rs 337.
Proceeds from the IPO will be used for debt repayment, working capital, and general corporate purposes.
- Who
- GNG Electronics Ltd. is launching an IPO.
- What
- GNG Electronics launched its initial public offering (IPO).
- When
- The IPO opened on July 23 and will close on July 25.
- Where
- India.
- Why
- To raise funds for debt repayment, working capital, and general corporate purposes.
- Company
- GNG Electronics Ltd.
- IPO Amount
- Rs 460.43 crore
- Price Band
- Rs 225-237 per share
- Subscription Status
- Over 15x by midday on Day 2
- Grey Market Premium (GMP)
- Rs 100
- Listing Date (Tentative)
- July 30
- Use of Proceeds
- Debt repayment, working capital, general corporate purposes