Latest news with #GNGElectronicsLtd
News18
30-07-2025
- Business
- News18
GNG Electronics shares jump nearly 50 pc in market debut trade
Agency: PTI Last Updated: New Delhi, Jul 30 (PTI) Shares of GNG Electronics Ltd listed with a premium of nearly 50 per cent against the issue price of Rs 237 on Wednesday. The stock started trading at Rs 350, a surge of 47.67 per cent from the issue price on the BSE. Later, it zoomed 53.58 per cent to Rs 364. At the NSE, the stock listed at Rs 355, a jump of 49.78 per cent. The company's market valuation stood at Rs 3,750.41 crore. GNG Electronics' initial public offering received a whopping 146.90 times subscription on the closing day of share sale on Friday, mirroring a strong participation from institutional buyers. The Rs 460.43-crore IPO had a price band of Rs 225-237 per share. The IPO was a combination of a fresh issue of equity shares aggregating to Rs 400 crore and an Offer For Sale (OFS) of 25.5 lakh equity shares by promoters worth Rs 60.43 crore at the upper end of the price band, taking the total issue size to Rs 460.43 crore. Proceeds of the fresh issue will be utilised for debt payment, funding working capital requirements and for general corporate purposes. GNG Electronics is one of the leading refurbishers of laptops and desktops with a significant presence across India, the US, Europe, Africa, and the UAE. The company operates under the brand 'Electronics Bazaar', with presence across the full refurbishment value chain from sourcing to refurbishment to sales, after-sale services and providing warranty. PTI SUM SUM DR DR view comments First Published: July 30, 2025, 11:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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.
Time of India
30-07-2025
- Business
- Time of India
GNG Electronics IPO Listing Live Updates: GNG Electronics shares to list on D-Street today; GMP at Rs 95. Check other details
30 Jul 2025 | 07:16:35 AM IST GNG Electronics IPO Share Price Live: GNG Electronics is set to debut on the stock exchanges on Wednesday, 30 July 2025, with its shares to be listed on both the BSE and NSE. Ahead of the listing, the IPO's grey market premium (GMP) today indicates a strong start for the stock. GNG Electronics Shares | IPO Listing Live: The equity shares of laptop refurbishing firm GNG Electronics Ltd are set to debut on Dalal Street today, following the successful conclusion of its initial public offering (IPO). With the IPO allotment finalised on July 28, investor attention now turns to the listing. The public issue was open from July 23 to July 25, and the shares are scheduled to list on Wednesday, 30 July 2025.1. GNG Electronics Share Listing Date and Time: GNG Electronics is scheduled to list its shares on Wednesday, 30 July 2025. The equity shares will be listed on both the BSE and NSE at 10 AM. 2. GNG Electronics IPO Grey Market Premium (GMP) and Expected Listing Price: GNG Electronics shares are witnessing strong demand in the grey market, with a Grey Market Premium (GMP) of Rs 95. Given the IPO price of Rs 237 per share, the stock is expected to list around Rs 332, indicating a potential gain of approximately 40% on listing.3. Expert Reviews on GNG Electronics IPO: 'Given the strong subscription demand and ongoing market sentiment, we expect a healthy listing gain in the range of 25% and above its issue price. For investors who did not receive allotment, we recommend accumulating on any post-listing dips, especially if short-term volatility arises due to broader market sentiment. GNG Electronics presents an attractive entry opportunity, backed by strong sectoral tailwinds and value-driven fundamentals. Its scalable business model and alignment with the evolving SME tech landscape position it well for sustained long-term growth,' said Prashanth Tapse, Research Analyst of Mehta Equities Ltd Show more
Hans India
29-07-2025
- Business
- Hans India
GNG Electronics IPO Listing on July 30: GMP, Expected Price & Subscription Details
GNG Electronics Ltd refurbishes laptops. The company will list its shares on July 30, 2025. The IPO was open from July 23 to July 25. Shares will be listed on both BSE and NSE. The IPO allotment was finalized on July 28. In the grey market, the stock shows strong demand. The GMP (Grey Market Premium) is ₹90. The IPO price is ₹237 per share. Based on GMP, the expected listing price is ₹327. This gives an estimated 38% gain on listing. The IPO was heavily subscribed. It got 147.93 times total subscription. Retail investors subscribed 46.84 times. This shows high interest and confidence in the company.
Business Upturn
28-07-2025
- Business
- Business Upturn
Why is GNG Electronics IPO allotment delayed? Here's what we know so far
By Aditya Bhagchandani Published on July 28, 2025, 21:52 IST Investors eagerly awaiting the GNG Electronics IPO allotment status were left in suspense on July 28 as the expected finalisation did not occur within market hours. The ₹460.43 crore IPO, which closed to an overwhelming response on July 25 with a massive 150.21x overall subscription, was scheduled to have its allotment status updated on Monday, but by late evening, it was still pending. What may have caused the delay? The likely reason behind the delay is the high subscription volume, particularly in the Qualified Institutional Buyers (QIB) and Non-Institutional Investor (NII) categories, which were oversubscribed 266.21 times and 226.44 times, respectively. Such oversubscription often results in complex allotment calculations, especially for large-volume applications and retail investors participating via UPI, where payment verifications must also be reconciled by the registrar. Moreover, administrative checks and system loads on registrar platforms like Bigshare Services Pvt Ltd — handling this IPO — can sometimes lead to technical lags or deferred processing of allotment files. While no official statement has confirmed the delay, investors expect the GNG allotment status to go live sometime late tonight or by Tuesday morning (July 29). How to Check GNG Electronics IPO Allotment Status: 📍 On BSE Website: Visit BSE Allotment Page Select 'Equity' as Issue Type Choose GNG Electronics Ltd from the dropdown Enter PAN/Application Number/DP ID Click Search 📍 On NSE Website: Visit NSE IPO Allotment Page Choose 'Equity and SME IPO bids' Select 'GNG Electronics Ltd' Enter PAN & Application Number Click Submit 📍 On Bigshare Services Portal: Visit Bigshare Allotment Page Select GNG Electronics Ltd Enter either PAN, Application No., or DP/Client ID Click Submit GMP and Listing Outlook As of the latest update, the Grey Market Premium (GMP) for GNG Electronics stands at ₹94, implying a potential listing price of ₹331 (₹237 issue price + ₹94 premium), suggesting a listing gain of ~39.6% — if sentiment holds steady. What Next? All eyes are now on the final upload of allotment data, which is expected by early July 29. Refunds for unallotted shares will be processed thereafter, and shares are likely to be credited to demat accounts on July 30, followed by listing on BSE and NSE on Wednesday, July 31. 📢 In case of issues or queries, investors can contact Bigshare Services at +91-22-6263 8200 or email: [email protected] Disclaimer: IPO investments are subject to market risks. Always consult your financial advisor before investing. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
