GNG Electronics IPO Day 3 Update: Strong Subscription and GMP Surge

Published On: 25/07/20250.8 min read

On the third day of the GNG Electronics IPO, investor response has remained robust as the issue has been subscribed nearly 27 times overall. The retail investor segment showed strong participation with a subscription rate exceeding 23 times, while the Non-Institutional Investors (NII) segment was highly active with nearly 69 times subscription. Qualified Institutional Buyers (QIBs) also contributed with over 2 times subscription.

The Grey Market Premium (GMP) for GNG Electronics continues to surge, reflecting positive market sentiment and investor confidence. GMP levels have been reported at approximately 42%, indicating a healthy premium over the issue price.

This strong subscription on the third day underscores significant investor interest in GNG Electronics, highlighting the company’s potential and the attractive offering it has presented. Market watchers are closely monitoring subscription trends, GMP movements, and pending uncertainties that could influence the listing performance.

Investors are advised to stay updated with the remaining subscription days and consider market conditions before making their investment decisions.

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