GNG Eletronics Listing on NSE
Shares of GNG Electronics Ltd declined after a stellar listing at nearly 50 per cent premium over the IPO price of of ₹237 on Wednesday.
Market experts acknowledged the strong debut. According to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, the listing was in line with expectations.
On the BSE, the stock listed at ₹350 and soared to a high of ₹364. At 11.48 am, it declined 2.79 per cent to ₹340.25.
It traded at ₹340.89 on the NSE, after listing at ₹355. It jumped to a high of ₹359.40. The mcap stood at ₹3,884.94 crore, as per NSE data
Congratulations to GNG Electronics Limited on getting listed on NSE today.
GNG Electronics Limited offers refurbishing services for laptops, desktops and ICT Devices, both globally and in India. The company has a significant presence across India, USA, Europe, Africa and UAE. The… pic.twitter.com/q3gfhNQIqa— NSE India (@NSEIndia) July 30, 2025
Tapse cautioned that post-listing valuations appear stretched and advised conservative investors to consider booking profits, while those with a long-term view and higher risk appetite could continue to hold, citing the company’s scalable business model and promising position in the SME tech space.
Meanwhile, Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, recommended investos to secure partial profits and retain the remainder with a stop-loss set at 280.
IPO details
The ₹460.43 crore IPO was booked 146.90 times on the closing day, mirroring a strong participation from institutional buyers. It had a price band of Rs 225-237 per share.
It witnessed strong demand across categories, particularly from qualified institutional buyers (QIBs) and non-institutional investors (NIIs), underscoring confidence in the company’s growth story, Prashanth Tapse of Mehta Equities Ltd, said.
The IPO was a combination of a fresh issue of equity shares aggregating to ₹400 crore and an offer for sale (OFS) of 25.5 lakh equity shares by promoters worth ₹60.43 crore.
As per regulatory filing, the proceeds of the fresh issue will be utilised for debt payment, funding working capital requirements and for general corporate purposes.
Published on July 30, 2025
