New Delhi, July 30 -- GNG Electronics saw a bumper stock market debut on Wednesday, July 30, beating analysts' expectations. GNG Electronics share price listed at Rs.355 apiece on the NSE, up Rs.118 or 49.79% over its issue price of Rs.237 per share. On the BSE, GNG Electronics stock opened at Rs.350, a premium of 47.68%.

The listing was better than the 30-40% listing pop that analysts anticipated. In the grey market, GNG Electronics IPO was commanding a premium of Rs.85 or 35.8%.

The issue had received a solid response from investors during its three-day bidding period. The Rs.460 crore offer of GNG Electronics was subscribed 150.21 times, with the retail portion booked 47.36 times, the NII portion 226.44 times and the QIB portion 266....