GNG Electronics share price Live: GMP, experts hint solid debut in stock market today
GNG Electronics IPO opened for subscription on Wednesday, July 23 and closed on Friday, July 25. GNG Electronics IPO subscription status on the last bidding day was 147.93 times. The company fixed a price band of ₹ 225 to ₹ 237 per share for its IPO.
GNG Electronics stands out as a prominent refurbisher of laptops and desktops, boasting a strong presence in India, the US, Europe, Africa, and the UAE.
The company operates under the name 'Electronics Bazaar' and is involved in the entire refurbishment value chain, including sourcing, refurbishing, selling, offering after-sale services, and providing warranties.
(Stay tuned for more updates)
Follow updates here:
30 Jul 2025, 08:30 AM IST
GNG Electronics IPO subscription status was 147.93 times on day 3. The retail portion was subscribed 46.84 times, and NII portion has been booked 227.67 times, Qualified Institutional Buyers (QIBs) portion received 266.21 times bids.
The company has received bids for 2,09,89,15,182 shares against 1,41,88,644 shares on offer, at 19:00 IST, according to data on BSE.
30 Jul 2025, 08:28 AM IST
As per Prashanth Tapse, Research Analyst at Mehta Equities Ltd, considering the robust demand for subscriptions and the prevailing market sentiment, we anticipate a solid listing gain exceeding 25% of the issue price. For more cautious investors, this offers a chance to realize profits on the listing day by taking advantage of the initial momentum.
Conversely, for those with a long-term or higher risk appetite, we believe that GNG Electronics presents an attractive investment option, supported by scalable operations, strong partnerships with VARs, and alignment with the increasing demands of the SME ICT ecosystem. The company's strategic positioning and fundamentals indicate a potential for sustainable growth well beyond the initial listing gains.
30 Jul 2025, 08:19 AM IST
GNG Electronics IPO grey market premium is +90. This indicates GNG Electronics share price was trading at a premium of ₹ 90 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of GNG Electronics share price was indicated at ₹ 327 apiece, which is 37.97% higher than the IPO price of ₹ 237.
According to the grey market activities observed over the past 13 sessions, today's IPO GMP is showing an upward trend and is anticipated to have a robust listing. The minimum GMP recorded is ₹ 71.00, while the maximum GMP stands at ₹ 105, as stated by experts from investorgain.com.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
13 minutes ago
- Indian Express
Trump says he ‘heard' India is no longer going to buy oil from Russia, calls it ‘good step'
US President Donald Trump on Saturday said he has heard that India is no longer going to buy oil from Russia, which he hailed as a 'good step' but added that he wasn't sure about the development. 'Well, I understand India no longer is going to be buying oil from Russia. That's what I heard. I don't know if that's right or not, but that's a good step. We'll see what happens,' Trump told reporters Friday. Trump's comments come a day after the White House announced tariffs the US will impose on exports from about 70 nations. According to the executive order, India will face tariffs of 25 per cent, but it did not mention the 'penalty' that Trump had said India will have to pay because of its purchases of Russian military equipment and energy. Ministry of External Affairs Spokesperson Randhir Jaiswal was asked at the weekly media briefing on Friday about the reports claiming that Indian oil companies have stopped buying oil from Russia in the past week. Jaiswal responded that as far as sourcing India's energy requirements is concerned, 'we take decisions based on the price at which oil is available in the international market and depending on the global situation at that time. As for the specifics of your particular question, I am not aware of it. I don't have details of these specifics.' Declaring that the US has a massive trade deficit with India, Trump had said that while 'India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any country. 'Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of energy, along with China, at a time when everyone wants Russia to stop the killing in Ukraine — All things not good!' Trump said. He said that India will therefore be paying a tariff of 25 per cent, plus a penalty for the above, starting on August 1. Trump had also mounted a sharp attack on India and Russia for their close ties and said that the two countries can take their 'dead economies down together.' 'I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let's keep it that way…' Trump had said in a post on Truth Social.
Time of India
13 minutes ago
- Time of India
From shopfloor to C-suite: Mahindra offers Diwali Esops to 14,000 employees
The Mahindra Group has announced a one-time employee stock ownership plan (Esop) grant for 12,000-14,000 employees, including shop floor workers for the first time ever. The move across three core companies—Mahindra & Mahindra (auto and farm sector), Mahindra Electric Automobile and Mahindra Last Mile Mobility —comes amid surging sales and profit on the back of hit products such as the Thar driving the M&M stock up more than 12 times in five years. Mahindra has also overtaken Hyundai to become the country's second biggest manufacturer of passenger vehicles, thanks to its range of SUVs. The Esops will help broad-based wealth creation, the tractor-to-technology conglomerate said in an internal circular. ET has seen the note. It did not reveal how many shares the group will earmark for this purpose, but people in the know estimate the total outflow to be in the range of ₹ 400-450 crore. While granting Esops to keep employees motivated is not unusual, this could be the first time a large Indian conglomerate extends these benefits to shopfloor workers. The Esops, structured as restricted stock units (RSUs). Productivity Boost? The grant is being positioned as a reward for long-term contribution and a tool to align employees with value creation. 'This special grant reflects the organisation's appreciation for your efforts, makes you a co-owner of this enterprise, and gives you a share in the value that you have helped co-create,' said Anish Shah, group chief executive and managing director of M&M, in a note to employees. Rajiv Agarwal, department chair for strategy at leading B-school SPJMR, said with this move, Mahindra is fostering a productive environment, where labour participation drives higher overall productivity. 'This approach not only supports the company's growth but also allows employees to benefit from the rise in the stock price,' Agarwal said. 'It's a smart strategy — compensating workers not just with their salaries for the hours they work, but also rewarding them when the company does well. This dual benefit truly aligns employees' interests with the company's success.' The Esop scheme comes on the back of a sharp surge in valuations of Mahindra Electric and Mahindra Last Mile as well. Both have seen over 10x growth in the past five years, supported by strong execution, strategic focus and new business momentum. M&M's shares closed at ₹ 3,160 on the BSE on Friday, down 1.35 per cent from its previous close. Its market cap stood at ₹ 3,92,925 crore. The Esop shares will be granted to employees on permanent payrolls with at least 12 months' tenure in the group as of the announcement date. Depending on their income tax bracket, the beneficiaries may have to pay tax on the profits they make when they sell their Esop shares. However, shopfloor workers who earn below the taxable income limit won't have to pay any tax on these gains. The Mahindra Group communication credited executive chairman Anand Mahindra and executive director Rajesh Jejurikar for steering the transformation, while thanking employees' families and retired leaders for their support.
Hans India
13 minutes ago
- Hans India
Mfg PMI rises to 16-mth high in July
Mumbai: India's manufacturing sector growth strengthened in July to a 16-month high of 59.1, supported by faster increases in new orders and output amid favourable demand conditions, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose from 58.4 in June to 59.1 in July, signalling the strongest improvement in the health of the sector since March 2024. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. 'India recorded a 59.1 manufacturing PMI in July, up from 58.4 during the prior month. This marked a 16-month high for the Indian manufacturing sector, which benefited from strong growth in new orders and output,' said Pranjul Bhandari, Chief India Economist at HSBC. As per the survey, overall sales rose at the fastest pace in close to five years. Subsequently, production growth strengthened to a 15-month high in July and outpaced the series trend.
