GNG Electronics Shares Made A Resounding Entry into the Indian Stock Market Today, debuting at ₹ 355 on The National Stock Exchange – Robust’s Representing 50% Premium over the ISSUE Price of ₹ 237.
The Listing on the Bombay Stock Exchange Opened at ₹ 350, similar Maininting Strong Gains. This Exceptional Start has put the Company’s Market Capitalization Beyond ₹ 4,000Crore, Underscoring Investor Enthusiasm for India’s Largest Refurbisher of Laptops, Desktops, and It Devices.
The ₹ 460.43core Initial public offering attracted overwhelming demand, with the overall subscription reacting an extraordinary 150 times. INTEREST FROM INSTITUTIONAL BUYERS WAS PARTNERLY PRONOUCED;
QUALIFIED INSTITUTIONAL BUYERS SUBSCRIBED 266 Times Their Allocated Shares, While Non-Institute Investors and Retail Investors Subscribed at 226.4 and 47.36 Times, respectively. Market Watchers Note That The Current Listing Price Exceeded The Already-Strong Gray Market Premium, Indicating Confidenze Well Above Pre-Market Estimates.
GNG Electronics, Operating Under The Electronics Bazaar Brand, Boasts An establishment Global Report Across 38 Countries, Including facilities in India, The United States, and the UAE.
The Firm is collected as Microsoft’s Largest Authorized Refurbisher and A Certified Partner for Leading Technology Giants Lenovo and HP. The Company’s Comprehensive Business Model-From sourcing and refurbishment to loosal services-you have cemented its leadership in the sector.
