Overview

• GNG Electronics’ ₹460.43 cr IPO closed with over 60× subscription and a stable ₹100 grey market premium implying roughly 42% listing upside
• Monarch Surveyors and Engineering’s ₹93.75 cr SME offer ended with more than 100× subscription, underlining strong demand for niche infrastructure services
• Shanti Gold International’s ₹360.11 cr IPO opened July 25 and runs through July 29 with grey market premiums around ₹0–30 signaling flat to modest listing gains
• GNG Electronics plans to deploy about ₹320 cr of IPO proceeds to repay debt and allocate the balance toward working capital and general corporate purposes
• Both GNG and Monarch Surveyors expect their basis of allotment on July 28, paving the way for shares to debut on BSE and NSE on July 30