GNG Electronics IPO Subscribed 150.21x on Final Day, QIB Demand Surges to 266x

GNG Electronics' initial public offering (IPO) has demonstrated exceptional investor demand through its third and final day of subscription, with GNG Electronics' stock price set at ₹237 per share reflecting overwhelming market reception. The ₹460.43 crore IPO surged dramatically to 150.21 times by 5:04:44 PM on day three, indicating extraordinary investor interest in this refurbished ICT devices provider incorporated in 2006.

GNG Electronics IPO qualified institutional buyers segment leads with phenomenal 266.21 times subscription, whilst non-institutional investors demonstrate outstanding participation at 226.44 times and retail investors show strong interest at 47.36 times, reflecting tremendous investor confidence in this company.

GNG Electronics IPO subscription reached a phenomenal 150.21 times on day three, led by QIB (266.21x), NII (226.44x), and Retail Investors (47.36x). Total applications reached 42,13,842.

Subscription Status of GNG Electronics IPO:

Here are the subscription details for GNG Electronics IPO as of Day 3 (July 25, 2025, 5:04:44 PM):

Key Highlights - Day 3:

• Overall subscription reaching phenomenal 150.21 times, a massive surge from day two's 27.55 times
• QIB segment leading with exceptional demand at 266.21 times, dramatically exploding from day two's 2.21 times
• NII segment demonstrating outstanding participation at 226.44 times, substantially increasing from day two's 68.70 times
• bNII category showing phenomenal participation at 264.14 times, reflecting extraordinary high-net-worth investor appetite
• Retail investors maintaining strong performance at 47.36 times, building from day two's 24.09 times
• sNII category displaying remarkable interest at 182.52 times, indicating broad-based smaller HNI enthusiasm
• Total applications reached 42,13,842, indicating massive investor participation for this mainboard IPO
• Cumulative bid amount reached ₹49,389.85 crores against the issue size of ₹460.43 crores
   

GNG Electronics IPO - Day 2 Subscription at 27.55 Times

Key Highlights - Day 2:

• Overall subscription reaching exceptional 27.55 times, building from day one's 9.20 times
• NII segment leading with phenomenal demand at 68.70 times, dramatically increasing from day one's 18.86 times
• Retail investors demonstrating outstanding growth at 24.09 times, building from day one's 9.31 times
• QIB segment showing modest improvement at 2.21 times, building from day one's 1.68 times

GNG Electronics IPO - Day 1 Subscription at 9.20 Times

Key Highlights - Day 1:

• Overall subscription opening strongly at 9.20 times, showing robust initial investor interest
• NII segment leading with exceptional demand at 18.86 times, indicating strong high-net-worth appetite
• Retail investors demonstrating strong confidence at 9.31 times, showing positive retail sentiment
• QIB segment showing measured participation at 1.68 times, indicating cautious institutional approach

About GNG Electronics Limited

Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops and ICT devices, both globally and in India. The company has a significant presence across India, USA, Europe, Africa and UAE, operating under the brand "Electronics Bazaar" offering sourcing to refurbishment to sales to after-sale services and providing warranty. The company provides tailored buyback solutions for laptops and desktops to help large format retail stores and OEM brand stores, with a sales network covering refurbished ICT devices being sold in 38 countries as of March 2025, comprising 4,154 touchpoints globally and employing 1,194 personnel as of March 2025.