GNG Electric IPO Update: The IPO of GNG Electronics Ltd, which repairs and sells laptops and desktops, received 26.90 times subscription on Thursday, the second day of the share sale. According to NSE data, the company’s IPO received bids for 38,16,47,826 shares against the offer of 1,41,88,644 shares.
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GNG Electric IPO Update: GMP
The company’s shares reached a premium of ₹ 100 in the grey market. This means that the potential listing price of the company’s shares is Rs 337. That is, investors can make a profit of more than 42% on the very first day.
GNG Electric IPO Update Details?
The non-institutional investors category was subscribed 68.57 times, while the retail individual investors (RIIs) quota was subscribed 23.01 times. The qualified institutional buyers (QIBs) portion was subscribed to 2.21 times. We would like to inform you that GNG Electronics raised Rs 138 crore from anchor investors yesterday.
GNG Electric IPO Update: The Issue will close on 25 July.
The company’s Rs 460 crore IPO will close on July 25. Its price range has been fixed at Rs 225-237 per share. At the upper end of the price range, the company’s market valuation is over Rs 2,700 crore.
The IPO comprises a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of up to 25.5 lakh equity shares by the promoters.
IPO Update ⏰
— Sandeep Jain Tradeswift (@SandeepKrJainTS) July 23, 2025
GNG Electronics Ltd | 23 July – 25 July 2025
@tradeswift Recommendation : Can subscribe for listing gains and medium to long term investing pic.twitter.com/ecWwJbMLtT
GNG Electric Plans
The proceeds from the sale of new shares will be used to repay debt, finance working capital requirements and general company operations. GNG Electronics is one of the leading refurbishers of laptops and desktops.
GNG Electric Financial Performance
GNG Electronics Limited’s revenue grew by 24% and profit after tax (PAT) grew by 32% between the financial year ending March 31, 2025 and March 31, 2024. The company’s revenue in FY25 was Rs 1,420.37 crore, and its profit after tax was Rs 69.03 crore.
About the Company
- It has a good presence in India, the USA, Europe, Africa and the UAE.
- GNG Electronics’ sales network of refurbished ICT devices spans 38 countries.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗