Share Market News / This company's IPO got 78% booked in just 45 minutes, it is open for bidding today

GNG Electronics IPO was subscribed 78% in just 45 minutes on the first day. Launched at a price band of ₹225-₹237, the issue size is ₹460.43 crore. The grey market premium has reached ₹105. The listing price is expected to be ₹342, giving investors a premium of 44.30%.

Share Market News: The IPO of GNG Electronics, a leading company in the laptop and desktop refurbishing sector, has received tremendous support from investors on the very first day. Launched on July 23, 2025, this IPO was subscribed 78% in just 45 minutes, which shows the confidence of investors. The company has fixed the price band for this IPO at ₹ 225 to ₹ 237 per share. At the upper price band of ₹ 237, the market capitalization of the company is estimated to be more than ₹ 2,700 crore.

IPO Details

The total issue size is ₹ 460.43 crore, which is divided into two parts:
Fresh Issue: New equity shares worth ₹ 400 crore will be issued.
Offer for Sale (OFS): 25.5 lakh shares will be sold by the promoters, valued at around ₹ 60.43 crore.

The company said that the funds raised from the IPO will be used for the following purposes:

To repay debt
To meet working capital requirements
For general corporate purposes

Great premium in the grey market

GNG Electronics' IPO is getting an overwhelming response from investors. The grey market premium (GMP) is currently ₹105. If the stock lists at ₹237 (upper price band), the estimated listing price could be ₹342, reflecting a premium of 44.30%. This reflects the potential for attractive returns for investors.

GNG Electronics: Leader in the refurbishing sector

GNG Electronics is a leading company in the laptop and desktop refurbishing sector in India as well as global markets such as the US, Europe, Africa and the UAE. The company's strong presence and growing demand for refurbished electronics have made it attractive among investors.

Book Running Lead Managers

Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are acting as the Book Running Lead Managers for this IPO. Their expert guidance has played a vital role in the success of the IPO.