GNG Electronics’ ₹460.43 crore IPO in India is heavily oversubscribed, reaching 118x on Day 3 as strong grey market premiums highlight robust investor interest.
The GNG Electronics Ltd. initial public offering (IPO) has witnessed overwhelming investor participation, with the issue oversubscribed 118.10 times by Day 3 (July 25, 2025). The retail quota was subscribed 41.56 times, while the non-institutional investor (NII) and qualified institutional buyer (QIB) segments were subscribed 212.32 times and 182.01 times, respectively.
Also Read: GNG Electronics Powers Into Markets With ₹460 Cr IPO
The IPO, open from July 23 to July 25, 2025, aims to raise ₹460.43 crore, comprising ₹400 crore via fresh issue of shares and ₹60.43 crore through the Offer for Sale (OFS). The price band is set at ₹225-₹237 per share, with a lot size of 63 shares (minimum investment approx. ₹14,931).
Grey Market Premium Trends
As of today, the GMP (Grey Market Premium) for GNG Electronics IPO stands at ₹100, an increase from ₹83 on Wednesday, reflecting strong market sentiment.
Key IPO Details
- IPO Size: ₹460.43 crore
- Price Band: ₹225 – ₹237 per share
- Lot Size: 63 shares (₹14,931 minimum investment)
- Subscription (Day 3): 118.10x overall
- Allotment Date: July 28, 2025
- Tentative Listing Date: July 30, 2025
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