GNG Electronics IPO subscribed 150.21x on Day 3

GNG Electronics IPO subscribed over 150.21x on its last day of subscription, wherein QIB subscribed 266.21x, NII subscribed 226.44x, and RII subscribed 47.36x.

GNG Electronics IPO subscription started on Wednesday, July 23, and the IPO will close on July 25, 2025, as per the schedule. The price band is set at ₹225 to ₹237 per share with a face value of ₹2.

GNG Electronics IPO Subscription Status

GNG Electronics IPO subscribed over 150.21x on its last day till 5.00 PM on 25 July 2025.

GNG Electronics IPO subscription QIB investors’ portion was 266.21 times, while NII subscribers subscribed 226.44 times, and RII investors subscribed 47.36 times.
The company has received bids for 2,08,39,60,116 shares against 1,38,73,595 on offer for the last-day subscription.
GNG Electronics IPO subscribed over 150.21x on its day 3.
GNG Electronics IPO subscribed over 27.55x on its day 2.
GNG Electronics IPO subscribed over 9.20x on its day 1.

About GNG Electronics Company

GNG Electronics Limited was founded in 2006, and it has become specialized in refurbishing laptops, desktops, and other ICT devices, providing them to domestic and international markets. The company has built a strong presence across India, the USA, Europe, Africa, and the UAE. As of March 31, 2025, their refurbished ICT devices have been sold across a robust sales network spanning 38 countries worldwide. GNG Electronics also offers customized buyback solutions for laptops and desktops, helping large-format retail chains like Vijay Sales and OEM brand stores such as HP India and Lenovo India implement smooth, customer-centric buyback programs that promote the sale of new devices. Operating under the brand name “Electronics Bazaar,” GNG Electronics offers end-to-end solutions encompassing sourcing, refurbishment, sales, after-sales service, and warranty support.

GNG Electronics Financial Report

The company reported revenue of ₹1,420.37 crores in 2025 against ₹1,143.80 crores in 2024. The company reported profit of ₹69.03 crores in 2025 against profit of ₹52.31 crores in 2024.

GNG Electronics IPO GMP:

GNG Electronics IPO GMP was ₹102 as of Friday, 25th July 2025. That indicates the IPO is trading at ₹339 with a ₹102 premium in the grey market against the issue price of ₹237.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.