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India Today
30-07-2025
- Business
- India Today
GNG Electronics shares make bumper debut at 50% premium. Sell or hold?
GNG Electronics made a strong entry into the stock market on July 30, with its shares listing at Rs 355 apiece on the NSE. This is nearly 50% higher than the IPO price of Rs 237 per share, giving early investors a sizeable gain on listing price was even better than expected. GNG Electronics' unlisted shares were trading at around Rs 327 in the grey market before the listing, which suggested a 38% premium over the issue price. The final listing of Rs 355 comfortably beat those Rs 460 crore IPO of GNG Electronics received a big response from investors during its three-day bidding window from July 23 to July 25. The allotment of shares was finalised on July YOU SELL OR HOLD?After the strong market debut, the big question for investors is whether to sell now or continue holding the Nyati, Head of Wealth at Swastika Investmart Ltd, said, 'GNG Electronics Limited made a very strong debut on the stock market with a listing gain of approximately 50% over its issue price of Rs 237, getting listed at around Rs 352.'She added, 'The company has a significant presence across India, USA, Europe, Africa and UAE. It is the leading Indian provider of reconditioned IT equipment and offers associated services all over the world. It is the partner of choice for large IT hardware firms. The company marked steady growth in its top and bottom lines for the reported periods.'Nyati advised that investors should consider booking partial profits and keep the rest of their shares with a stop-loss of Rs 280. This means that if the price falls to Rs 280, investors should exit their position to protect their Tapse, Senior VP (Research), Mehta Equities Ltd said that post-listing valuations appear stretched, limiting immediate upside potential from current levels."In light of this, we believe conservative investors should consider booking profits and capitalising on the initial momentum. While Investors with a higher risk appetite or a long-term horizon may choose to HOLD," he added. According to NSE data, the IPO was subscribed 150.21 times in total. Retail investors subscribed their portion 47.36 times. The Qualified Institutional Buyers (QIB) segment saw the most interest, getting subscribed 266.21 times, while the Non-Institutional Investor (NII) segment was subscribed 226.44 price band for the IPO was fixed at Rs 237 per share. For retail investors, the minimum lot size was 63 shares, costing Rs 14,175. For small NIIs, the minimum investment was 14 lots or 882 shares, amounting to Rs 2,09,034. For big NIIs, the minimum lot was 67 lots or 4,221 shares, requiring an investment of Rs 10,00, Electronics is in the business of refurbishing laptops, desktops and other IT devices. It provides services not only in India but also in the USA, Europe, Africa and the UAE. The company has positioned itself as a key player in reconditioned IT equipment and offers a wide range of related is also a preferred partner for many large IT hardware companies. It has shown steady growth in both revenue and profits in recent years, which helped boost confidence in its IPO.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
Business Upturn
28-07-2025
- Business
- Business Upturn
GNG Electronics IPO Allotment Out: Company not available in dropdown? Here's what you can do
If 'GNG Electronics' doesn't appear in dropdowns yet, the allotment may not be finalized and you should try again later in the evening By Markets Desk Published on July 28, 2025, 16:01 IST The allotment of shares for GNG Electronics Ltd.'s IPO is expected to be finalized today, Monday, July 28, 2025, following a three‑day subscription window that closed on July 25. The company's IPO, valued at ₹460.4 crore, attracted exceptional investor interest, ending with a total subscription of nearly 150×, with Qualified Institutional Buyers (QIBs) bidding 266×, non‑institutional investors 227× and retail investors 47×. Investors who participated can check their allotment via the registrar's portal, Bigshare Services Pvt. Ltd., or through the BSE or NSE IPO allotment pages. If 'GNG Electronics' doesn't appear in dropdowns yet, the allotment may not be finalized and you should try again later in the evening. Shares for successful applicants are expected to be credited to Demat accounts on July 29, with refunds initiated the same day. The stock is set to list on BSE and NSE on July 30. A surge in grey market premium (GMP)—currently around ₹94 per share—suggests a potential listing price of ₹331, or nearly 40% above the IPO price of ₹237. About GNG Electronics: Founded in 2006, the company is India's largest refurbisher of laptops and desktops and among the top global refurbishers of ICT devices under its Electronics Bazaar brand. Its operations span 38 countries, including India, the US, Europe, Africa, and the UAE, delivering refurbished hardware at one‑third the cost of new units—with full after‑sales warranty and services. IPO structure and use of proceeds: The public issue comprised a fresh issue of ~1.69 crore shares (₹400 crore) and an Offer for Sale (OFS) of 25.5 lakh shares (~₹60 crore). Proceeds will be used for debt repayment, working capital and general corporate purposes. Anchor investors invested ₹138.1 crore ahead of the IPO. What's next: With high GMP suggesting strong listing momentum and shares credited soon, attention shifts to listing day pricing and post‑listing performance, which many expect to reflect the confidence of both retail and institutional investors. Ahmedabad Plane Crash Markets Desk at
Economic Times
28-07-2025
- Business
- Economic Times
GNG Electronics IPO: Allotment status out today, here's how to check online
Here's how to check GNG Electronics IPO allotment status Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment status for GNG Electronics' Rs 460.43 crore IPO is expected to be announced today. With the public issue attracting overwhelming investor response across categories and subscribing 150 times overall, market participants are keen to know who will receive shares ahead of its listing on July offer had seen intense bidding from all segments. Qualified institutional buyers subscribed their portion 266.21 times, while non-institutional investors bid 226.44 times. Even in the retail category, the issue was oversubscribed 47.36 times, signalling broad-based the back of this robust participation, GNG Electronics is trading at a grey market premium of around Rs 95 per share, implying a listing pop of nearly 40% over the issue price of Rs who applied for the IPO can check their allotment status online through the registrar's portal or via the BSE 1: Through the Registrar (Bigshare Services)Visit the Bigshare IPO allotment portalSelect 'GNG Electronics' from the dropdown PAN/Application numberOption 2: Via BSE WebsiteGo to the BSE IPO Allotment PageSelect 'Equity' and then choose 'GNG Electronics'Enter your application number and PANThose allotted shares can expect them to be credited in their Demat accounts by July 29. Refunds for applicants who did not receive allotment will also be initiated on the same date. The listing of GNG Electronics shares is scheduled for July 30 on both BSE and company, which operates in the refurbished electronics segment under the Electronics Bazaar brand, offers end-to-end services from sourcing and refurbishment to sale and after-sales client base spans 38 countries, and it operates over 4,000 touchpoints globally. Backed by strong growth in revenue and profitability over the past two years, the company has positioned itself as a prominent player in the circular economy-driven tech listing is being closely tracked as a potential breakout debut in the refurbished tech hardware space.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
28-07-2025
- Business
- Time of India
GNG Electronics IPO: Allotment status out today, here's how to check online
Here's how to check GNG Electronics IPO allotment status Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment status for GNG Electronics' Rs 460.43 crore IPO is expected to be announced today. With the public issue attracting overwhelming investor response across categories and subscribing 150 times overall, market participants are keen to know who will receive shares ahead of its listing on July offer had seen intense bidding from all segments. Qualified institutional buyers subscribed their portion 266.21 times, while non-institutional investors bid 226.44 times. Even in the retail category, the issue was oversubscribed 47.36 times, signalling broad-based the back of this robust participation, GNG Electronics is trading at a grey market premium of around Rs 95 per share, implying a listing pop of nearly 40% over the issue price of Rs who applied for the IPO can check their allotment status online through the registrar's portal or via the BSE 1: Through the Registrar (Bigshare Services)Visit the Bigshare IPO allotment portalSelect 'GNG Electronics' from the dropdown PAN/Application numberOption 2: Via BSE WebsiteGo to the BSE IPO Allotment PageSelect 'Equity' and then choose 'GNG Electronics'Enter your application number and PANThose allotted shares can expect them to be credited in their Demat accounts by July 29. Refunds for applicants who did not receive allotment will also be initiated on the same date. The listing of GNG Electronics shares is scheduled for July 30 on both BSE and company, which operates in the refurbished electronics segment under the Electronics Bazaar brand, offers end-to-end services from sourcing and refurbishment to sale and after-sales client base spans 38 countries, and it operates over 4,000 touchpoints globally. Backed by strong growth in revenue and profitability over the past two years, the company has positioned itself as a prominent player in the circular economy-driven tech listing is being closely tracked as a potential breakout debut in the refurbished tech hardware space.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
