GNG Electronics IPO
GNG Electronics Limited (EBGNG) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 July 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +60.5% (likely range +30% to +80%), day's high +60.5%, chance of a gain 92%. Actual: +49.8% at the open, +51.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 40,24,755 | 1,07,14,35,582 | 266x | |
| NII (HNI) total | 30,49,167 | 69,42,11,112 | 228x | |
| Big NII (above ₹10 lakh) | 20,32,778 | 51,31,69,587 | 252x | |
| Small NII (₹2-10 lakh) | 10,16,389 | 18,10,41,525 | 178x | |
| Retail | 71,14,722 | 33,32,68,488 | 46.8x | |
| Total | 1,41,88,644 | 2,09,89,15,182 | 148x |
Bids on NSE and BSE together, as published by NSE, as of 25 Jul 2025, 07:00 PM. Shares offered exclude the anchor portion. 14% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to GNG Electronics's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Unimech Aerospace and ManufacturingDec 2024 | 318x | 264x | 56.7x | 175x | ₹527 Cr | +86.0% | +89.2% |
| Standard Glass Lining TechnologyJan 2025 | 332x | 269x | 65.0x | 183x | ₹413 Cr | +22.9% | +30.0% |
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
| Arkade DevelopersSep 2024 | 163x | 163x | 51.4x | 107x | ₹434 Cr | +36.7% | +48.4% |
| Orient TechnologiesAug 2024 | 190x | 301x | 66.9x | 152x | ₹218 Cr | +39.8% | +46.8% |
| Vraj Iron and SteelJun 2024 | 164x | 209x | 54.9x | 119x | ₹182 Cr | +15.9% | +21.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the GNG Electronics IPO price band and lot size? ₹225–237 per share, with a lot of 63 shares, so the smallest retail bid is ₹14,931.
How many times has it been subscribed? 148x overall: QIB 266x, NII 228x, retail 46.8x.
How did it list? It opened at ₹355, +49.8% against the issue price of ₹237, and closed its first day +40.7%.
