23/7/2025, 9:56:02 am

GNG Electronics IPO starts with 44% grey market premium, buyers weigh

GNG Electronics' initial public offering (IPO) opened on July 23 for public subscription to raise Rs 460 crore. The company garnered Rs 138 crore from anchor investors. Brokerages recommend subscribing to the IPO with a medium to long-term horizon, citing strong positioning in the refurbished ICT device space and robust industry tailwinds. The IPO is priced at Rs 225-237 per share until July 25.