GNG Electronics IPO opens with robust 44% GMP. Should you subscribe?

GNG Electronics launched its IPO aiming to raise Rs 460 crore through fresh issue and offer for sale, showing strong financials and investor interest with a 44% GMP. The company will use the proceeds to repay debt and for general corporate purposes. Brokerages recommend subscribing, citing GNG’s scale, growth, and strategic positioning in the refurbished electronics market.

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