GNG Electronics made a blockbuster debut on the NSE on July 30, listing at ₹355 per share—delivering a sharp 50% premium over its IPO price of ₹237. The listing significantly exceeded grey market expectations, where the stock was trading at around ₹327, indicating a grey market premium of 38% ahead of listing, according to Investorgain.

The ₹460-crore IPO of GNG Electronics saw massive investor participation, being subscribed nearly 147 times during its July 23–25 bidding window. The Qualified Institutional Buyers (QIB) portion alone was oversubscribed a staggering 266 times, underscoring institutional confidence in the company’s long-term prospects.

GNG Electronics refurbishes laptops, desktops, and other ICT (Information and Communication Technology) devices, and has carved a niche for itself in the SME B2B electronics space. The public issue included a fresh issue of ₹400 crore and an offer for sale (OFS) of ₹255 crore, with a price band of ₹225–237 per share.

Market experts had anticipated listing gains, but even they were surprised by the sharp debut. Prashanth Tapse of Mehta Equities had advised conservative investors to book profits on listing day, while recommending long-term investors to stay invested citing scalable operations, strong VAR partnerships, and growth in the ICT refurbishment sector.

Mahesh M Ojha of Hensex Securities suggested partial profit booking for short-term investors, advising long-term investors to assess the company’s performance over the next few quarters. Similarly, Narendra Solanki from Anand Rathi Securities highlighted GNG’s first-mover advantage in the electronics refurbishment space, while cautioning about its working capital-intensive business model. He maintained a ‘Subscribe – Long Term’ stance and advised a blend of profit booking and holding for those allotted shares.

GNG Electronics' strong listing comes on the back of rising investor appetite for niche tech-enabled businesses and reflects confidence in its unique position within the circular economy of electronics.