GNG Electronics IPO: GMP robust at 31% ahead of issue opening. Here's all you need to know
Ltd's shares are currently commanding a
grey market premium
(
GMP
) of Rs 74–76, indicating an expected upside of approximately 31.22% over the issue price, ahead of its mainboard
IPO
opening on July 23.
The IPO will remain open for subscription until July 25.
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The GMP reflects the difference between the IPO's expected listing price and its issue price, based on unofficial trading in the grey market prior to the official listing. While GMP trends often serve as indicators of investor sentiment and perceived demand, they are not guaranteed predictors of actual listing performance.
GMP is an unofficial and unregulated metric and should not be treated as a definitive assessment of a stock's listing-day gains or long-term potential.
GNG Electronics' IPO comprises a fresh issue of 1,68,77,637 shares aggregating up to Rs 400 crore, along with an offer-for-sale (OFS) of 25,50,000 shares amounting to Rs 60.44 crore. The total issue size stands at Rs 460.43 crore, and the equity shares will be listed on both the BSE and NSE.
Live Events
The allotment of GNG Electronics shares is scheduled for July 28, 2025, with the listing date tentatively set for July 30, 2025.
Retail investors
can apply for a lot size of 63 shares, amounting to approximately Rs 14,931 per lot.
High-net-worth individual (HNI) investors are classified into two categories: small HNIs (S-HNI), with a lot size of 882 shares (Rs 2,09,034), and big HNIs (B-HNI), who can bid for 4,221 shares (Rs 10,00,377). The retail investor quota accounts for 35% of the total offer.
Bigshare Services Pvt Ltd is the registrar for the IPO. The issue is being managed by Motilal Oswal Investment Advisors Limited,
IIFL Capital Services Limited
, and
JM Financial Limited
.
While current GMP trends suggest strong investor sentiment for GNG Electronics, market experts advise caution, noting that grey market movements are unofficial, unregulated, and highly volatile.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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