GNG Electronics IPO subscribed over 15x on day 2: GMP rises to 42%

July 24, 2025

GNG Electronics’ IPO saw strong demand, subscribed 15.11 times by Day 2. Retail and NII participation was robust, and GMP indicates a 42% listing premium. The company, India’s top refurbisher, posted strong growth with a 46% revenue CAGR. Brokerages recommend subscribing, citing scale, market leadership, and formalisation trends.

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