GNG Electronics Lists at 49.78% Premium

Mumbai, 30 July 2025: Shares of GNG Electronics Limited (NSE: GNGEL) opened on the NSE at ₹355 today, reflecting a 49.78% premium over GNG Electronics IPO issue price of ₹237. The stock briefly touched a high of ₹359.40 during early trade before easing to ₹334.10 as of 10:07 AM IST, down 5.89% from the listing price but still trading above the issue price.

Early Listing Gains Followed by Intra-Day Volatility

GNG Electronics made its stock market debut with strong initial demand. The share opened at ₹355 and recorded an early high of ₹359.40 before falling to ₹334.10 within the opening hour. The stock’s volume-weighted average price (VWAP) stood at ₹343.79 during this time.

• IPO Price: ₹237
• Listing Price: ₹355
• Opening Price: ₹355
• Day High: ₹359.40
• Day Low: ₹325.55
• Last Traded Price (as of 10:07 AM): ₹334.10
• VWAP: ₹343.79
• Traded Volume: 112.55 lakh shares
• Traded Value: ₹386.88 crore
• Market Cap at LTP: ₹3,820.07 crore

GNG Electronics IPO Subscribed 150.21 Times Across Investor Categories

GNG Electronics’ IPO received wide interest from all investor segments. The issue was subscribed 150.21 times overall, with strong participation from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors.

In the QIB category, the issue was subscribed 266.21 times, while the NII category saw a 226.44 times subscription. Within NIIs, bids above ₹10 lakh recorded a subscription of 264.14 times, and those below ₹10 lakh stood at 182.52 times. Retail investors subscribed 47.36 times of their allotted quota. Anchor investors were allotted 58.28 lakh shares, fully subscribing to their portion.

Total applications received stood at 42,13,842. Based on the upper price band, the total amount bid across all categories was ₹49,389.85 crore.

Company Fundamentals Provide Market Support

GNG Electronics enters the secondary market backed by established operations and disclosed financials. The company, which operates under the “Electronics Bazaar” brand, is recognised as India’s largest refurbisher of laptops and desktops and also has an international presence in the ICT refurbishment segment.

According to its red herring prospectus, the company reported a revenue of ₹1,411.11 crore and a net profit of ₹69.03 crore for FY25. Its global operations span 38 countries, supported by a network of 4,154 B2B channel partners.

Investor Sentiment Driven by Sector Presence and Scale

The company’s presence in the circular electronics economy and its widespread B2B network have supported investor confidence. Its entry into the public market has been marked by a high response across categories, suggesting active institutional and retail interest in the segment.

GNG Electronics’ debut performance now shifts market focus to its post-listing trajectory and earnings performance in the coming quarters.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations