GNG Electronics IPO: A Comprehensive Overview
The initial public offering (IPO) of GNG Electronics Ltd. has captured the attention of investors as it opened on July 23, 2025, and will remain accessible until July 25, 2025. With a declared price band of ₹225 to ₹237 per equity share, this mainboard IPO aims to raise ₹460.63 crore, of which ₹400 crore is targeted through the issuance of fresh shares. The remaining amount is reserved for the Offer for Sale (OFS), making this a significant event in the Indian stock market.
GNG Electronics IPO GMP Today
As of the latest updates, the GNG Electronics IPO has garnered a robust response from investors, achieving a subscription rate of 26.90 times its offer within the first two days of bidding. This overwhelming interest has positively influenced sentiments in the grey market, where shares of GNG Electronics Ltd. are currently trading at a premium of ₹100. This marks a ₹17 increase from the previous day’s grey market premium of ₹83. Market observers attribute this rise to two key factors: the strong subscription status of the IPO and the overall positive sentiment in the Indian stock market.
GNG Electronics IPO Subscription Status
By the end of the third day of bidding, the book build issue had been oversubscribed by an impressive 146.90 times. Breaking it down further, the retail portion of the initial offer was subscribed 45.32 times, while the Non-Institutional Investor (NII) segment saw a staggering 226.45 times subscription. The Qualified Institutional Buyer (QIB) segment was the most sought after, being booked 266.21 times. Such high demand indicates strong investor confidence in GNG Electronics and its future prospects.
GNG Electronics IPO Review
Analysts have weighed in on the GNG Electronics IPO, providing insights into its potential as an investment opportunity. Rajan Shinde, a Research Analyst at Mehta Equities, believes that GNG is well-positioned for risk-taking investors looking for exposure to a growth-oriented, ESG-aligned business with a global reach and scalable operations. He recommends the IPO for long-term investment.
Gaurav Goel, Founder & Director at Fynocrat Technologies, has also assigned a ‘subscribe’ tag for long-term investors. He notes that GNG Electronics has established itself as a dominant player in a niche, fast-growing industry, benefiting from strong industry tailwinds and a scalable global business model. While he acknowledges that the IPO is fully valued and listing gains may be moderate, he emphasizes the company’s structural advantages and long-term growth prospects.
Anshul Jain, Head of Research at Lakshmishree Investment, echoes similar sentiments, highlighting GNG’s strong financials. The company is projected to achieve FY25 revenue of ₹1,411 crore with a profit after tax of ₹69 crore. Over the past two years, GNG has experienced a remarkable revenue CAGR of approximately 46%, driven by its leadership in global ICT refurbishment and sustainability certifications. However, Jain also points out that the business heavily relies on laptop refurbishing, which constitutes over 75% of FY25 revenue, and faces risks related to pricing pressures and market competition. Despite these challenges, GNG’s solid growth and niche position make it an attractive investment for the long term.
GNG Electronics IPO Details
The GNG Electronics IPO is open for subscription from July 23 to July 25, 2025, with a price band set between ₹225 and ₹237 per share. The retail lot size is 63 shares, requiring a minimum investment of approximately ₹14,931. The total issue size of ₹460.63 crore includes ₹400 crore from fresh equity and ₹60.63 crore from the offer-for-sale segment. Allotment of shares is expected to occur on July 28, with a tentative listing date set for July 30.
Conclusion
The GNG Electronics IPO presents a compelling opportunity for investors looking to tap into a growth-oriented company with a strong market presence. With robust subscription rates and positive market sentiment, GNG Electronics is poised for a promising future. However, potential investors are advised to conduct thorough research and consult with certified experts before making any investment decisions.