GNG Electronics IPO received a bang reaction from investors. On July 25, the last day of the bid, the issue was 146.90 times the oversbscribe, which shows the company’s strong credibility and the high trust of investors in the market. According to PTI news, according to data from the National Stock Exchange (NSE), this issue of ₹ 460.43 crore received bids for a total of 2,08,43,32,446 shares, while the available shares were only 1,41,88,644.
A strong entry signal
Institutional investors expressed the most confidence to the IPO. The IPO saw tremendous subscription in all three categories. Among them, qualified Institutional Buyers (QIB): 266.21 times, High Net-World Individuals (HNI) 226.45 times and retail investor subscribed 45.32 times. This tremendous demand has indicated a strong entry to the GNG Electronics shares in the market.
Anchor had already raised ₹ 138 crore from investors
The company had raised ₹ 138 crore from anchor investors on Tuesday before the company opened the IPO. It was clear from this that the trend of institutional investors is positive towards this issue. The price band of this IPO is ₹ 225 to ₹ 237 per share. Also, the company’s valuation (at the upper price): is more than ₹ 2,700 crore. This is a fresh issue of ₹ 400 crore.
Offer for Sale (OFS) – ₹ 60.43 crore – in which 25.5 lakh shares have been sold by promoters. The total issue size is ₹ 460.43 crore.
Use of amount raised from IPO
The company said that the amount received from this issue will be used to repay the existing debt, meet working capital requirements, to meet general corporate needs. GNG Electronics acts as refurbishment of laptops and desktops in India as well as countries like America, Europe, Africa and UAE. The company operates sourcing, refurbishing, sales, after-cell service, warranty services under its popular brand ‘Electronics Bazaar’.
Book running lead managers
The major book running lead managers for this IPO are Motilal Oswal Investment Advisors, IIFL Capital Services and JM Financial. According to Livemint, GNG Electronics had a gray market premium i.e. GMP ₹ 100 by 24 July 2025, 11:25 am. This indicates that the company’s share price may be listed at ₹ 337 with a premium of 42.19% at the upper end of the band.
Latest business news
