GNG Electronics made a stellar debut on July 30, listing at Rs 355 per share on NSE—nearly 50% higher than its issue price of Rs 237. This impressive listing premium significantly beat grey market expectations, which had pegged the listing price around Rs 327, implying a 38% premium.
According to Investorgain, prior to listing, GNG Electronics’ unlisted shares were trading at a grey market premium (GMP) of nearly Rs 90 over the IPO price, indicating strong investor interest even before its stock market debut.
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Strong Subscription Highlights Robust Demand
The company’s Rs 460-crore initial public offering (IPO) had seen overwhelming interest from investors during its three-day bidding window from July 23 to July 25.
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Overall Subscription: ~147 times
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Qualified Institutional Buyers (QIB): ~266 times
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Retail Investors & Non-Institutional Investors: Also heavily oversubscribed
The IPO comprised a fresh issue of shares worth Rs 400 crore and an offer for sale (OFS) of shares worth Rs 255 crore, with the price band set between Rs 225 to Rs 237 per share.
About GNG Electronics
GNG Electronics refurbishes and supplies laptops, desktops, and other ICT (Information and Communication Technology) devices. The company’s business aligns with the growing demand for affordable refurbished electronics across both private and institutional markets.
Quick Take: Listing Surpasses Grey Market Buzz
GNG Electronics’ 50% premium listing highlights the market’s positive reception and investor confidence. The debut not only beat grey market expectations but also reflects the heavy oversubscription seen during the IPO phase.
While post-listing performance will now depend on broader market sentiment and company execution, the initial response suggests strong retail and institutional trust in the firm’s future prospects.
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