GNG Electronics IPO Fully Subscribed Within First Hour: GMP, Subscription Status, and Key Insights
GNG Electronics IPO opened to a strong investor response, getting fully subscribed within an hour. Check GMP, company details, allotment dates, and expert insights here.
Table of Contents
Introduction
The GNG Electronics IPO opened on July 22, 2025, and saw an overwhelming response as it was fully subscribed within the first hour of opening,This IPO has generated strong interest among retail and institutional investors due to its robust financial performance and promising growth prospects in the electronics manufacturing sector.
About GNG Electronics
Company Overview
GNG Electronics, based in Noida, is a leading electronics manufacturing services (EMS) provider offering:
PCB assembly
LED lighting components
Consumer electronics assembly
Industrial electronic solutions
The company caters to clients in India and Southeast Asia, focusing on cost-effective high-quality electronic manufacturing.
Business Strengths
- Diversified product portfolio
- Strong client base in domestic and export markets
- Advanced manufacturing facilities with automation and quality controls
- Consistent profitability with steady revenue growth
GNG Electronics IPO Details
| Particulars | Details |
|---|---|
| IPO Size | ₹460 crore |
| Price Band | ₹275 – ₹290 per share |
| Lot Size | 50 shares |
| Issue Opens | July 22, 2025 |
| Issue Closes | July 24, 2025 |
| Face Value | ₹10 per share |
| Fresh Issue | ₹300 crore |
| Offer for Sale (OFS) | ₹160 crore |
| Listing Date | July 30, 2025 (tentative) |
| Book Running Lead Managers | Axis Capital, ICICI Securities |
Grey Market Premium (GMP) Analysis
As of July 22, 2025, GNG Electronics IPO GMP is reported to be ₹70-75 per share, indicating:
A 24-26% premium over the upper price band
Strong demand from retail and HNI investors
Positive sentiment towards the electronics manufacturing sector amid rising domestic and export opportunities
Note: GMP is unofficial and speculative; actual listing gains may vary based on market conditions and subscription levels.
Subscription Status and Market Response
On the first day of issue opening, the IPO was fully subscribed within an hour. Key observations:
Retail Investor Portion: Subscribed 2.5 times within first few hours
Non-Institutional Investors (NII): High subscription due to GMP expectations
Qualified Institutional Buyers (QIB): Moderate interest with expected surge on final day
Market experts attribute this enthusiastic response to:
- Strong fundamentals of GNG Electronics
- Attractive valuation compared to listed peer
- Overall bullishness in mid-cap electronics stocks
Financial Performance of GNG Electronics
| Financial Year | Revenue (₹ crore) | Net Profit (₹ crore) |
|---|---|---|
| FY23 | 820 | 60 |
| FY24 | 1050 | 85 |
| FY25 (9 months) | 900 | 75 |
Revenue CAGR (FY23-25): ~20%
Profit margins: Consistently improving due to operational efficiency and product mix diversification
Expert Analysis: Should You Subscribe?
Positive Factors
- Strong growth prospects in India’s booming EMS sector
- Consistent profitability and revenue growth
- Robust client base with export exposure
- Reasonable valuations compared to peers like Dixon Technologies
Cautionary Points
- High dependence on few key clients
- GMP-based buying may lead to volatility on listing day
- Global electronics demand cycles may impact growth in short term
Overall, analysts recommend “Subscribe for listing gains and long-term investment” with caution to portfolio allocation based on risk appetite.
Risks Involved in GNG Electronics IPO
Client concentration risk if any major client withdraws orders
Fluctuations in raw material prices impacting margins
High competition from established players and global manufacturers
Regulatory risks in electronics import-export policies
Investors must assess these risks before investing in this IPO for long-term goals.
Allotment, Listing Dates, and Expected Returns
Basis of Allotment: July 25, 2025
Refunds Initiated: July 26, 2025
Shares Credited to Demat: July 29, 2025
Listing Date: July 30, 2025
Expected Listing Gains
Considering current GMP trends (₹70-75 per share), the expected listing price could be ₹360-365, yielding ~25% returns if market sentiment sustains.
FAQs
1. What is the IPO price band of GNG Electronics?
The IPO price band is set at ₹275 – ₹290 per share.
2. What is the GMP of GNG Electronics IPO today?
As of July 22, 2025, GMP is around ₹70-75 per share.
3. When will GNG Electronics shares be listed?
Listing is tentatively scheduled for July 30, 2025.
4. Is GNG Electronics IPO good for long-term investment?
Analysts view it as positive due to strong fundamentals but advise cautious allocation based on individual investment goals.
Helpful Resources
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Conclusion
The GNG Electronics IPO has created strong market buzz with its immediate subscription and robust GMP. While fundamentals remain strong, investors should weigh short-term listing gains versus long-term growth prospects. This IPO further strengthens India’s electronics manufacturing ecosystem under “Make in India” and PLI schemes.
Stay updated with the latest subscription data and market analysis before the IPO closes on July 24, 2025
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