GNG Electronics Lists with 48% Premium

  Published 1 year ago

GNG Electronics debuted at Rs 350, up 47.68% from the IPO price, backed by strong demand and robust global operations.

  • IPO subscribed 147.93 times; raised Rs 400 crore via fresh issue and offer for sale components.
  • Proceeds to repay Rs 320 crore in borrowings; balance allocated to general corporate purposes.
  • Provides IT refurbishing services in 38 countries; FY25 profit at Rs 68.83 crore on Rs 1,411.11 crore sales.

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