GNG Electronics Shares Listing Live Updates: Shares tumble up to 8% post strong debut; co lists at 50% premium on BSE, NSE
Economic Times |
Synopsis
GNG Electronics IPO Share Price Live: GNG Electronics made a strong market debut on Wednesday, listing at ₹355 on the NSE—a 49.8% premium over its issue price of ₹237. On the BSE, it opened at ₹350, reflecting a 47.7% gain.
GNG Electronics Shares | IPO Listing Live: The ₹460.43 crore IPO saw an overwhelming overall subscription of 150.21 times. It comprised a fresh issue of ₹400 crore and an offer for sale worth ₹60.44 crore. Investor demand was strong across all segments, with QIBs subscribing 266.21 times, non-institutional investors 226.44 times, and retail investors 47.36 times.
12:09:43 PM IST, 30 Jul 2025
GNG Electronics IPO Listing Live Updates: Analyst Perspectives
Some analysts suggest the decline represents a normal post-IPO price adjustment, recommending cautious accumulation based on long-term fundamentals. Others warn of valuation risks and broader market volatility, advising prudence.
11:37:38 AM IST, 30 Jul 2025
GNG Electronics IPO Listing Live Updates: Post-listing view by Prashanth Tapse, Senior VP (Research), Mehta Equities
GNG Electronics made a solid market debut, largely in line with our expectations, reflecting robust investor enthusiasm. The IPO witnessed strong demand across categories, particularly from QIBs and NIIs, underscoring confidence in the company’s growth story. Conservative investors should consider booking profits and capitalizing on the initial momentum. However, those with a higher risk appetite or long-term horizon may choose to hold, given the scalable business model and sectoral tailwinds.
ADVERTISEMENT
10:58:27 AM IST, 30 Jul 2025
GNG Electronics IPO Listing Live Updates: GNG shares extend losses, drop up to 8%
10:35:05 AM IST, 30 Jul 2025
GNG Electronics IPO Listing Live Updates: In a Nutshell
GNG Electronics delivered a stellar listing performance, outpacing expectations with nearly 50% premium gains. While this reflects strong short-term enthusiasm, investors should balance this with a long-term assessment of the company's fundamentals and market positioning before making decisions.
10:19:36 AM IST, 30 Jul 2025
GNG Electronics IPO Listing Live Updates: Shares drop post strong listing
10:04:47 AM IST, 30 Jul 2025
GNG Electronics IPO Listing Live Updates: GNG Electronics shares list at 50% premium over issue price
GNG Electronics made a strong market debut on Wednesday, listing at ₹355 on the NSE—a 49.8% premium over its issue price of ₹237. On the BSE, it opened at ₹350, reflecting a 47.7% gain.
Read More
Read More
09:44:00 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: IPO details
The ₹460 crore GNG Electronics IPO includes a fresh issue of ₹400 crore and an offer-for-sale (OFS) of 25.5 lakh equity shares by the promoter group.
09:15:00 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: Key Risks
- Customer Concentration: As of FY25, the company serves 4,157 customers, with its top 10 customers accounting for 47% of total revenue. The loss of any of these key clients could significantly impact the company’s revenue and profitability.
- Supplier Concentration: The company works with 557 procurement partners or suppliers, with the top 10 suppliers contributing 57% of its inventory costs. Heavy reliance on a few suppliers poses a risk to supply chain stability and cost control.
ADVERTISEMENT
08:45:00 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: Presence in domestic and international operations
GNG is India’s largest laptop refurbisher and one of the leading global players in refurbished ICT devices, with operations spanning 38 countries and facilities located in India, the USA, and the UAE.
08:15:00 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: Growth Strategies
- Expanding footprint and market presence across India and international markets to leverage industry tailwinds.
- Increasing procurement efforts in India and abroad, while simultaneously deepening relationships with key brands.
- Broadening engagement with OEMs, with a strong emphasis on adhering to ESG standards.
07:45:00 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: Book Running Managers of the Issue
GNG Electronics IPO Live Updates: Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are acting as the lead book-running managers for the GNG Electronics IPO.
ADVERTISEMENT
07:42:57 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: Use of IPO Proceeds
The GNG Electronics IPO plan aims to allocate the net proceeds from the offering for various purposes, which include the prepayment and/or repayment, either fully or partially, of some of the outstanding debts incurred by the Company and its significant subsidiary, Electronics Bazaar FZC; along with general corporate needs.
07:14:10 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: About the company
GNG Electronics IPO Live Updates: Founded in 2006, GNG Electronics specializes in refurbishing ICT devices such as laptops and desktops. The company operates under the brand name “Electronics Bazaar” and has a presence across India, the USA, Europe, Africa, and the UAE.
GNG manages the entire value chain—from sourcing used devices to refurbishment, sales, and after-sales support. Its refurbished products, backed by warranty, cater to a wide range of customers, including individuals and businesses.
GNG manages the entire value chain—from sourcing used devices to refurbishment, sales, and after-sales support. Its refurbished products, backed by warranty, cater to a wide range of customers, including individuals and businesses.
07:13:55 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: Use of proceeds
GNG Electronics IPO Live Updates: Proceeds from the fresh issue will be utilized to repay existing debt, support working capital requirements, and fund general corporate purposes.
ADVERTISEMENT
07:13:43 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: Price Band
GNG Electronics IPO Live Updates: The GNG Electronics IPO was priced at ₹237 per share. Through this book-building issue, the company raised ₹460.43 crore. The offering included a fresh issue of 1.69 crore equity shares, raising ₹400 crore, along with an offer-for-sale (OFS) of 25.5 lakh shares worth ₹60.44 crore.
07:13:31 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: Listing Date and Time
GNG Electronics IPO Live Updates: 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.
07:13:24 AM IST, 30 Jul 2025
GNG Electronics Share Price Live: GNG Electronics IPO GMP Today
GNG Electronics IPO Live Updates: 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.
ADVERTISEMENT