GNG Electronics Soars on IPO Debut with 41% Premium

GNG Electronics shares surged as much as 53.58% before closing at a 40.71% premium on their BSE debut. The IPO, heavily subscribed by 146.90 times, raised Rs 460.43 crore, meant for debt repayment and working capital. The firm is a major player in laptop refurbishment, operating globally.

GNG Electronics made an impressive stock market debut with its shares closing at a 40.71% premium, reaching Rs 333.50 compared to the issue price of Rs 237.

The company's initial public offering, which was subscribed 146.90 times, brought in Rs 460.43 crore, aimed at debt repayment and working capital needs.

A key player in refurbishing laptops and desktops, GNG Electronics operates across India and internationally under the brand 'Electronics Bazaar.'

(With inputs from agencies.)