24/7/2025, 1:10:04 pm

GNG Electronics IPO sees 15x subscription on day 2 with GMP at 42%

GNG Electronics' IPO saw strong demand, subscribed 15.11 times as of Thursday at 11:27 AM with non-institutional investors leading at 34.8 times, retail portion at 14.22 times, and QIB at 1.77 times. The grey market premium increased to Rs 100-105 (42% upside). The IPO's price band is Rs 225-237 per share, valuing the company at 33.3x FY25 earnings.