GNG Electronics IPO oversubscribed within first hour of opening; HNI, retail portions fully booked

GNG Electronics IPO oversubscribed within first hour of opening; HNI, retail portions fully booked

The initial public offering (IPO) of GNG Electronics, India’s largest refurbisher of laptops and desktops, saw strong investor interest and was fully subscribed within hours of opening on Wednesday. As of 10:50 am, the IPO received bids for 1,82,02,842 shares against 1,41,88,644 shares on offer, translating to a subscription of 1.28 times, according to the…

Read More