GNG Electronics’ IPO saw overwhelming demand, subscribed 102.06 times, driven by NIIs and retail investors. The IPO includes a fresh issue and OFS, priced at Rs 225-237 per share. SBI Securities and Canara Bank Securities suggest subscribing, citing growth and strategic positioning. The company’s revenue and profit have more than doubled in the past two years.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets