Latest news with #ElectronicsBazaar
Business Standard
30-07-2025
- Business
- Business Standard
GNG Electronics jumps on debut
Shares of GNG Electronics were currently trading at Rs 334.50 at 10:18 IST on the BSE, representing a premium of 41.14% compared with the issue price of Rs 237. The scrip was listed at Rs 350, exhibiting a premium of 47.68% to the issue price. So far, the stock has hit a high of Rs 364 and a low of Rs 325.35. On the BSE, over 15.69 lakh shares of the company were traded in the counter so far. The initial public offer of GNG Electronics was subscribed 147.93 times. The issue opened for bidding on 23 July 2025 and it closed on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. The IPO consisted of a fresh issue of Rs 400 crore and 2550000 equity shares through an offer for sale. Out of the proceeds from the fresh issue, Rs 320 crore will be used for repayment/prepayment/redemption, in full or in part, of certain borrowings availed of by the company and its material subsidiary, namely, Electronics Bazaar FZC, and the balance for general corporate purposes. GNG Electronics, under the brand Electronics Bazaar, offers end-to-end refurbishing services for laptops, desktops, and ICT devices. With operations across India, the USA, Europe, Africa, and the UAE, the company provides sourcing, refurbishment, sales, and after-sales support, including ITAD and e-waste management. GNG serves major clients like Vijay Sales, HP, and Lenovo through tailored buyback programs and sells refurbished devices in 38 countries via a network of 4,154 touch points as of 31 March, 2025. Ahead of the IPO, GNG Electronics on 22 July 2025 raised Rs 138.13 crore from anchor investors. The board allotted 58.28 lakh shares at Rs 237 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 68.83 crore and sales of Rs 1,411.11 crore for the twelve months ended on 31 March 2025.
Mint
30-07-2025
- Business
- Mint
GNG Electronics share price Live: GMP, experts hint solid debut in stock market today
GNG Electronics share price Live: Shares of GNG Electronics Ltd will make its debut in the Indian stock market today. GNG Electronics IPO listing is scheduled at 10:00 IST on the bourses today (Wednesday, July 30). GNG Electronics shares will be a part of Special Pre-open Session (SPOS), as per BSE notice. Experts predicted that the GNG Electronics IPO expected listing price is likely to see solid gains compared to its issue price. GNG Electronics IPO allotment status was finalised on Monday, July 28. 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 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 '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.
Business Standard
28-07-2025
- Business
- Business Standard
GNG Electronics IPO ends with 147.93x subscription
The offer received bids for 209.89 crore shares as against 1.41 crore shares on offer. The initial public offer of GNG Electronics received bids for 2,09,89,15,182 shares as against 1,41,88,644 shares on offer. The issue was subscribed 147.93 times. The Qualified Institutional Buyers (QIBs) category was subscribed 266.21 times. The Non-Institutional Investors (NIIs) category was subscribed 227.67 times. The Retail Individual Investors (RIIs) category was subscribed 46.84 times. The issue opened for bidding on 23 July 2025 and it closed on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. The IPO consisted of a fresh issue of Rs 400 crore and 2550000 equity shares through an offer for sale. Out of the proceeds from the fresh issue, Rs 320 crore will be used for repayment/prepayment/redemption, in full or in part, of certain borrowings availed of by the company and its material subsidiary, namely, Electronics Bazaar FZC, and the balance for general corporate purposes. GNG Electronics, under the brand Electronics Bazaar, offers end-to-end refurbishing services for laptops, desktops, and ICT devices. With operations across India, the USA, Europe, Africa, and the UAE, the company provides sourcing, refurbishment, sales, and after-sales support, including ITAD and e-waste management. GNG serves major clients like Vijay Sales, HP, and Lenovo through tailored buyback programs and sells refurbished devices in 38 countries via a network of 4,154 touch points as of 31 March, 2025. Ahead of the IPO, GNG Electronics on 22 July 2025 raised Rs 138.13 crore from anchor investors. The board allotted 58.28 lakh shares at Rs 237 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 68.83 crore and sales of Rs 1,411.11 crore for the twelve months ended on 31 March 2025.
Business Standard
25-07-2025
- Business
- Business Standard
GNG Electronics IPO subscribed 146.90 times
The offer received bids for 208.43 crore shares as against 1.41 crore shares on offer. The initial public offer of GNG Electronics received bids for 2,08,43,32,446 shares as against 1,41,88,644 shares on offer, according to stock exchange data at 17:30 IST on Friday (25 July 2025). The issue was subscribed 146.90 times. The issue opened for bidding on 23 July 2025 and it will close on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. An investor can bid for a minimum of 63 equity shares and in multiples thereof. The IPO consists of a fresh issue of Rs 400 crore and 2550000 equity shares through offer for sale. Out of the proceeds from the fresh issue, Rs 320 crore will be used for repayment/prepayment/redemption, in full or in part, of certain borrowings availed of by the company and its material subsidiary, namely, Electronics Bazaar FZC, and the balance for general corporate purposes. GNG Electronics, under the brand Electronics Bazaar, offers end-to-end refurbishing services for laptops, desktops, and ICT devices. With operations across India, the USA, Europe, Africa, and the UAE, the company provides sourcing, refurbishment, sales, and after-sales support, including ITAD and e-waste management. GNG serves major clients like Vijay Sales, HP, and Lenovo through tailored buyback programs and sells refurbished devices in 38 countries via a network of 4,154 touch points as of 31 March, 2025. Ahead of the IPO, GNG Electronics on Tuesday, 22 July 2025, raised Rs 138.13 crore from anchor investors. The board allotted 58.28 lakh shares at Rs 237 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 68.83 crore and sales of Rs 1,411.11 crore for the twelve months ended on 31 March 2025.
Business Standard
23-07-2025
- Business
- Business Standard
GNG Electronics IPO subscribed 8.99 times
The offer received bids for 12.75 crore shares as against 1.41 crore shares on offer. The initial public offer of GNG Electronics received bids for 12,75,24,978 shares as against 1,41,88,644 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (23 July 2025). The issue was subscribed 8.99 times. The issue opened for bidding on 23 July 2025 and it will close on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. An investor can bid for a minimum of 63 equity shares and in multiples thereof. The IPO consists of a fresh issue of Rs 400 crore and 2550000 equity shares through offer for sale. Out of the proceeds from the fresh issue, Rs 320 crore will be used for repayment/prepayment/redemption, in full or in part, of certain borrowings availed of by the company and its material subsidiary, namely, Electronics Bazaar FZC, and the balance for general corporate purposes. GNG Electronics, under the brand Electronics Bazaar, offers end-to-end refurbishing services for laptops, desktops, and ICT devices. With operations across India, the USA, Europe, Africa, and the UAE, the company provides sourcing, refurbishment, sales, and after-sales support, including ITAD and e-waste management. GNG serves major clients like Vijay Sales, HP, and Lenovo through tailored buyback programs and sells refurbished devices in 38 countries via a network of 4,154 touch points as of 31 March, 2025. Ahead of the IPO, GNG Electronics on Tuesday, 22 July 2025, raised Rs 138.13 crore from anchor investors. The board allotted 58.28 lakh shares at Rs 237 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 68.83 crore and sales of Rs 1,411.11 crore for the twelve months ended on 31 March 2025.
