MNG Electronics IPO: The IPO of GNG Electronics Limited, a laptop and desktop, will be closed on Friday 25 July. This IPO has been subscribed to 30.20 times till 10:15 am on the last day. The share of retail investors is 25.94 times and the share of non-institutional investors is 76.60 times.
Complete information of GNG Electronics IPO
The minimum lot of lot size in the IPO is 63 shares. This means that retail investors will need a capital of at least ₹ 14,175 to apply for IPO.
How is the company’s financial health?
GNG Electronics explains India’s largest refurbiser. It is also a Microsoft authorized refurbiser. The company has shown great growth in recent financial years. Its revenue in FY 2023 was ₹ 662.79 crore and the net profit was ₹ 32.43 crore, which has increased to ₹ 1,420.37 crore in FY 2025 and the net profit has increased to ₹ 69.03 crore. The company has five refurbishing facilities in the country and abroad.
What is the advice of brokerage about bidding
Most brokerage houses have advised this IPO to ‘subscribe’ for a long period. These include Bajaj Broking, SBI Securities, Canara Bank Securities, Ventura Securities and Arihant Capital. Brokerage is explaining the strong financial growth of the company and the leadership in the refurbishing sector. However, some brokerage has also stated that more than 75% of the company’s revenue comes from the sale of laptops only, which can pose a risk if the demand for laptop decreases.
What is the latest gray market premium?
According to IPO market experts, unlisted shares of GNG Electronics Limited are currently trading at ₹ 337, while the upper price of IPO is ₹ 237. This means that its gray market premium or Gmp is ₹ 100, which is 42.19% more than its issue price. This GMP clearly indicates that investors are expected to get bumper profits on the listing of GNG Electronics.