Should I Subscribe To GNG Electronics IPO? The initial public offering of GNG Electronics Ltd, which refurbishes laptops and desktops, is witnessing second day of bidding today, Wednesday, July 23. The IPO, which has received a strong subscription so far, will be closed on July 25. Till 10:09 am on the second day of bidding on Thursday, the issue received an 11.13 times subscription, garnering bids for 15,44,44,752 shares as against the 1,38,73,595 shares on offer.

The retail and NII participation stood at 10.85x and 24.21x, respectively. The QIB category has received a 1.69x subscription.

The IPO’s grey market premium on Thursday slipped from 44.30% to 42.19%, still indicating strong listing gains for investors.

The IPO will remain open for subscription between July 23, 2025, and July 25, 2025. The share allotment will likely be finalised on July 28 (Monday), and the company is expected to be listed on both BSE and NSE on July 30 (Wednesday).

The price band of the mainboard IPO, which plans to raise Rs 460.43 crore, has been fixed in the range of Rs 225 to Rs 237 apiece.

At the upper-end of the price band, the company’s market valuation is over Rs 2,700 crore.

For investors, the minimum lot size for the IPO is 63. It means investors will have to apply for a minimum of 63 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 14,175 to apply for the IPO.