GNG Electronics made a very strong debut on the stock markets on Wednesday, as it listed at Rs355 on the NSE
FinTech BizNews Service
Mumbai, July 30, 2025: GNG Electronics made a very strong debut on the stock markets on Wednesday, as it listed at Rs355 on the NSE, a premium of around 50% over its issue price of Rs237 per share. Even afterwards it increased to hit the day’s high of Rs364. However, later on during the day today, at one point it fell to Rs325.35.
Mr. Ajay Pancholi (Director, GNG Electronics), Shri. Ashish Kumar Chauhan (MD and CEO, NSE), Mr. Sharad Khandelwal (Founder and Managing Director, GNG Electronics) and Dr. Harish K Ahuja (Head, Issuer Relationships, NSE), ringing the bell in the presence of other dignitaries during the listing ceremony of GNG Electronics at NSE.
GNG Electronics IPO subscription data was 147.93 times on the last day 3, according to the NSE data. While the retail portion got subscribed 46.84 times, NII portion was booked 227.67 times and Qualified Institutional Buyers (QIBs) portion got 266.21 times bids.
GNG Electronics Limited, as the parent company of Electronics Bazaar, specializes in offering high-quality refurbished laptops and desktops tailored to meet the needs of individuals, businesses, and organizations. Our mission is to make technology accessible, affordable, and sustainable while maintaining the highest quality and performance standards.”
GNG Electronics’ India-based facility is a state-of-the-art operation certified by CPCB, MPCB, and R2v3 standards, along with ISO 9001, 14001, and 45001 accreditations. These certifications reflect its unwavering commitment to quality, safety, and environmental stewardship. Over the years, Electronics Bazaar, a flagship brand of GNG Electronics Limited, has emerged as a trusted leader in the refurbished IT equipment market.
GNG Electronics Limited, had allotted 58,28,290 Equity Shares to 14 anchor investors and raised Rs 138.13 Crores at the upper end of the price band at Rs237 per equity share (including premium of Rs 235 per equity shares) with face value of Rs 2 per equity share..
Out of the total allocation of 58,28,290 Equity Shares to the Anchor Investors, 22,96,104 Equity Shares (i.e. 39.40% of the total allocation to Anchor Investors) were allocated to 3 domestic mutual funds through a total of 4 schemes. Investors include Goldman Sachs, Mirae Asset MF, Motilal Oswal MF, Edelweiss MF, Buoyant Opportunities Strategy, and marquee investors like Ashish Kacholia’s Bengal Finance, Madhusudan Kela’s Founder Collective Fund and Mint Focused Growth Fund to name a few.
