MNG Electronics IPO: The IPO of GNG Electronics Restricted, a computer and desktop, will likely be closed on Friday 25 July. This IPO has been subscribed to 30.20 instances until 10:15 am at the closing day. The percentage of retail traders is 25.94 instances and the percentage of non-institutional traders is 76.60 instances.
Entire knowledge of GNG Electronics IPO
The minimal lot of lot measurement within the IPO is 63 stocks. Because of this retail traders will desire a capital of a minimum of ₹ 14,175 to use for IPO.
How is the corporate’s monetary well being?
GNG Electronics explains India’s biggest refurbiser. It’s also a Microsoft licensed refurbiser. The corporate has proven nice enlargement in contemporary monetary years. Its income in FY 2023 was once ₹ 662.79 crore and the online benefit was once ₹ 32.43 crore, which has greater to ₹ 1,420.37 crore in FY 2025 and the online benefit has greater to ₹ 69.03 crore. The corporate has 5 refurbishing amenities within the nation and in a foreign country.
What’s the recommendation of brokerage about bidding
Maximum brokerage properties have suggested this IPO to ‘subscribe’ for a protracted duration. Those come with Bajaj Broking, SBI Securities, Canara Financial institution Securities, Ventura Securities and Arihant Capital. Brokerage is explaining the sturdy monetary enlargement of the corporate and the management within the refurbishing sector. Then again, some brokerage has additionally said that greater than 75% of the corporate’s income comes from the sale of laptops simplest, which will pose a chance if the call for for computer decreases.
What’s the newest grey marketplace top rate?
Consistent with IPO marketplace mavens, unlisted stocks of GNG Electronics Restricted are lately buying and selling at ₹ 337, whilst the higher worth of IPO is ₹ 237. Because of this its grey marketplace top rate or Gmp is ₹ 100, which is 42.19% greater than its factor worth. This GMP obviously signifies that traders are anticipated to get bumper earnings at the checklist of GNG Electronics.