Mumbai, July 28 -- The initial public offer of GNG Electronics received bids for 2,09,89,15,182 shares as against 1,41,88,644 shares on offer. The issue was subscribed 147.93 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 266.21 times. The Non-Institutional Investors (NIIs) category was subscribed 227.67 times. The Retail Individual Investors (RIIs) category was subscribed 46.84 times.

The issue opened for bidding on 23 July 2025 and it closed on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share.

The IPO consisted of a fresh issue of Rs 400 crore and 2550000 equity shares through an offer for sale. Out of the proceeds from the fresh issue, Rs 320 crore will be used for repayment...