Indiqube Spaces and GNG Electronics IPO: A Comparison of Issue Price, GMP, and Business Models.

Indiqube Spaces and GNG Electronics are both listing on July 23. Indiqube Spaces has a Rs 700 crore IPO with a fresh issue of Rs 650 crore and OFS of 21,09,704 shares. GNG Electronics has a Rs 460 crore IPO with a fresh issue of Rs 400 crore and OFS of 25,50,000 shares. GNG Electronics shares are trading at a premium of Rs 75 in the grey market, suggesting a potential listing price of Rs 312, while Indiqube Spaces shares are trading at a premium of Rs 40, suggesting a potential listing price of Rs 277.

Two prominent companies, IndiQube Spaces and GNG Electronics, are set to list their shares on July 23, 2025. IndiQube Spaces, a provider of managed, sustainable, and technology-driven workplace solutions, is offering a ₹700 crore IPO with a fresh issue of ₹650 crore and an offer-for-sale (OFS) of 21,09,704 equity shares. GNG Electronics, a manufacturer of electronic components, is offering a ₹460 crore IPO with a fresh issue of ₹400 crore and an OFS of 25,50,000 shares.

IndiQube Spaces' IPO will open on July 23 and close on July 25. The anchor investors will receive their shares on July 22, with the shares to be listed on BSE and NSE on July 30. The company aims to use the proceeds from the IPO for financing capital expenditures, repaying debt, and general corporate needs [1].

GNG Electronics' IPO will also open on July 23 and close on July 25. The shares will be listed on BSE and NSE on July 30, with the allotment scheduled for July 28. The company's shares are currently trading at a premium of Rs 75 in the grey market, suggesting a potential listing price of Rs 312. IndiQube Spaces shares, on the other hand, are trading at a premium of Rs 40, suggesting a potential listing price of Rs 277 [3].

Both companies have strong fundamentals and promising growth prospects. IndiQube Spaces has a robust portfolio of 115 centers spread across 15 cities, with a total seating capacity of 186,719 as of March 31, 2025. The company reported a total income of Rs 1,103 crore in fiscal 2025, with a CAGR of 35% from fiscal 2023. GNG Electronics, with a market capitalization of Rs 1,000 crore as of March 31, 2025, is expected to benefit from the growing demand for electronic components in various industries [2].

Investors should carefully consider the risks and potential rewards before investing in these IPOs. The grey market premiums serve as indicators of investor sentiment and perceived demand, but they are not guaranteed predictors of actual listing performance.

References:
1. [1] https://www.livemint.com/market/ipo/indiqube-spaces-ipo-to-open-on-july-23-price-band-set-at-rs-225-237-apiece-check-key-dates-issue-details-upcoming-ipo-11752810345151.html
2. [2] https://economictimes.indiatimes.com/markets/ipos/fpos/rs-700-crore-indiqube-ipo-to-open-on-july-23/articleshow/122656764.cms
3. [3] https://m.economictimes.com/markets/ipos/fpos/gng-electronics-ipo-gmp-robust-at-31-ahead-of-issue-opening-heres-all-you-need-to-know/articleshow/122808870.cms