GNG Electronics IPO Ends Soon: GMP Spikes 40%, Should You Rush to Subscribe?

GNG Electronics IPO enters final hours of bidding, priced at Rs 237 per share. The issue has received strong response, with overall subscription at 45.75 times. Retail portion booked 33.76 times, NII 126.64 times, and QIBs 4.74 times. The company's shares are trading at a premium of Rs 100 per share in the grey market, indicating a potential listing price of Rs 337.

The GNG Electronics IPO, priced at Rs 237 per share, is entering its final hours of bidding today, July 25, 2025. The issue has received a strong response, with the overall subscription standing at 45.75 times, according to the latest update [2]. The retail portion has been booked 33.76 times, non-institutional investors (NII) have shown strong interest with 126.64 times subscription, and qualified institutional buyers (QIBs) have subscribed 4.74 times [2].

The company's shares are trading at a premium of Rs 100 per share in the grey market, indicating a potential listing price of Rs 337, an estimated 42% upside over the IPO's upper price band of Rs 237 [2]. However, investors should note that the grey market premium (GMP) is not the actual listing price and is subject to change based on market sentiment.

The share allotment for the GNG Electronics IPO is expected to be finalised on Monday, July 28, 2025, and the company’s shares are likely to be listed on both the BSE and NSE, with the tentative listing date set for Wednesday, July 30, 2025 [2].

The GNG Electronics IPO, pegged at Rs 460.43 crore, comprises both a fresh issue and an offer for sale. Of this, Rs 400 crore will be raised through a fresh issue of 1.69 crore equity shares, while Rs 60.44 crore comes from existing shareholders offloading 0.26 crore shares [2].

The price band for the offer is fixed at Rs 237 per share. Retail investors can apply for a minimum of one lot, which consists of 63 shares, translating to an investment of Rs 14,175. For non-institutional investors, the small HNI (sNII) category requires an application of 14 lots (882 shares) worth Rs 2,09,034, while the big HNI (bNII) category entails 67 lots (4,221 shares) amounting to Rs 10,00,377 [2].

Motilal Oswal Investment Advisors is overseeing the GNG Electronics IPO as its book-running lead manager, handling the overall coordination and execution of the issue. The registrar responsibilities, which include processing applications and finalising the share allotment, are being managed by Bigshare Services [2].

The company was founded in 2006 and operates under the brand name “Electronics Bazaar,” refurbishing laptops, desktops, and other ICT (Information and Communication Technology) devices for both domestic and international markets. The company operates in India as well as in regions like the USA, Europe, Africa, and the UAE [2].

References:
[1] https://www.livemint.com/market/ipo/gng-electronics-ipo-day-3-gng-electronics-ipo-gmp-gng-ipo-gmp-gng-ipo-subscription-gng-ipo-review-gng-ipo-listing-11753411643093.html
[2] https://www.financialexpress.com/market/ipo-news-gng-electronics-ipo-ends-soon-gmp-spikes-over-40-should-you-rush-to-subscribe-3926379/