GNG Electronics Makes Blockbuster Market Debut; Lists at 50% Premium

GNG Electronics made a strong debut on the Indian stock exchanges today. The stock opened at ₹355 on the NSE, representing a 49.8% gain, and at ₹350 on the BSE, marking a 47.7% rise from the IPO price.

The company’s initial public offering (IPO) saw an overwhelming response, being subscribed to more than 147.93 times overall. The issue received stellar participation across all investor categories: Qualified Institutional Buyers (QIBs): 266.21x subscription, Non-Institutional Investors (NIIs): 227.67x, and Retail Investors: 46.84x

GNG Electronics IPO Details

GNG Electronics was a mix of a fresh issue of ₹400 crore and an offer for sale of ₹60 crore. The public subscription window was open for three trading days, from July 23, 2025, to July 25, 2025. The price band was set in the range of ₹225 to ₹237 per share.

The company intends to use the IPO proceeds from the fresh issue to repay/prepay the company’s and its subsidiary’s outstanding borrowings and for general corporate purposes.

Book-running lead managers for the IPO were Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, and JM Financial Limited. 

About GNG Electronics

GNG Electronics is the largest refurbisher of laptops and desktops with a presence across India, the USA, Europe, Africa and the UAE. The company follows a repair-over-replacement approach for refurbishing laptops, desktops, tablets, servers, mobile workstations, and premium smartphones, which ultimately provides cost advantages and reduces carbon footprints.

Explore other Upcoming IPOs on BSE and NSE.

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