GNG Electronics IPO
GNG Electronics IPO is listed on BSE and NSE, priced at ₹225–₹237 per share. The stock debuted at ₹355, delivering a listing gain of 49.8%. The IPO had a lot size of ₹63 shares and a minimum investment of ₹14,931.
GNG Electronics Limited IPO
- IPO Dates
- Jul 23, 2025 – Jul 25, 2025
- Price band
- ₹225-237 per equity share
- Minimum Investment
- ₹14,931
- Issue size
- ₹460.43 Cr
- Lot size
- 63
- Allotment Date
- Jul 28, 2025
- Listing
- Jul 30, 2025
- Listing At
- BSE, NSE
IPO timeline
-
Jul 23, 2025
Open Date
Completed
-
Jul 25, 2025
Close Date
Completed
-
Jul 28, 2025
Allotment Date
Completed
-
Jul 30, 2025
Listing Date
Completed
Price Summary
- Last closing
- 443.00 (86.92%)
- 52 week high
- 484.80
- 52 week low
- 239.00
- Last update
GNG Electronics IPO Essentials
GNG Electronics IPO Details
GNG Electronics IPO is priced at ₹225-237 per share with a total issue size of 460.43 crore. The IPO has a lot size of 63 shares and is listed on BSE and NSE.
- Issue price
- ₹225-237 per equity share
- Lot size
- 63 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- Total 460.43 Cr :
#Fresh Issue : 1,68,77,637 shares(aggregating up to ₹400.00 Cr) +
#OFS : 25,50,000 shares of ₹2(aggregating up to ₹60.44 Cr) - Total issue size
- 1,94,27,637 shares
(aggregating up to ₹460.43 crore) - Fresh issue
- 1,68,77,637 shares
(aggregating up to ₹400 crore) - Offer for sale (OFS)
- 25,50,000 shares
(aggregating up to ₹60.44 crore) - Listing at
- BSE, NSE
- List price
- 355.0(NSE)
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, Jm Financial Limited
Market Lot Size
Investors can bid for a minimum of 63 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 63 | ₹14,931 |
| Retail(max) | 13 | 819 | ₹1,94,103 |
| sHNI(min) | 14 | 882 | ₹2,09,034 |
| sHNI(max) | 66 | 4,158 | ₹9,85,446 |
| sHNI(min) | 67 | 4,221 | ₹10,00,377 |
GNG Electronics IPO Reservation
GNG Electronics IPO reservation details show category-wise allocation of shares. Out of the total 1,97,01,885 shares, approximately 20.43% are reserved for QIB, 15.48% for NII, 34.51% for retail investors, and 29.58% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 58,28,290 (29.58%) | |
| QIB Shares Offered | 40,24,755 (20.43%) | |
| NII (HNI) Shares Offered | 30,49,167 (15.48%) | |
| bHNI > ₹10L | 19,42,764 (9.86%) | 2,202 |
| sHNI < ₹10L | 9,71,382 (4.93%) | 1,101 |
| Retail Shares Offered | 67,99,673 (34.51%) | 1,07,931 |
| Total Shares Offered | 1,97,01,885 (100%) |
GNG Electronics IPO Analytics
GNG Electronics IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
GNG Electronics IPO Subscription Status
GNG Electronics IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 40,24,755 |
30,49,167
19,42,764
9,71,382
|
67,99,673 | 1,38,73,595 |
|
Day 1
23-07-25 05:00 PM
|
1.68 x |
18.85x
17.47x
21.62x
|
8.89 x | 8.99 x |
|
Day 2
24-07-25 05:00 PM
|
2.21 x |
68.70x
68.43x
69.23x
|
23.02 x | 26.93 x |
|
Day 3
25-07-25 05:00 PM
|
266.21 x |
226.41x
252.45x
174.34x
|
45.21 x | 146.84 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 42,12,525 (Approx) | 50x | 173x | 38x |
GNG Electronics Valuations
Earnings
- EPS Pre IPO
- ₹7.11/-
- EPS Post IPO
- ₹6.05/-
- P/E Pre IPO
- 33.35
- P/E Post IPO
- 39.14
Returns
- ROE
- 30.40%
- ROCE
- 17.31%
- RoNW
- 30.40%
- PAT Margin
- 4.89%
Fundamentals
- Debt / Equity
- 1.95
- Price / Book
- 10.17
GNG Electronics Financials( In Crs.)
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 719.46 | 585.82 | 285.50 |
| Revenue | 1,420.37 | 1,143.80 | 662.79 |
| Profit After Tax | 69.03 | 52.31 | 32.43 |
| Net Worth | 226.46 | 163.14 | 111.60 |
| Reserves & Surplus | 176.61 | 132.68 | 81.13 |
| Total Borrowing | 446.92 | 322.33 | 152.02 |
GNG Electronics Company & Offer Insights
About GNG Electronics
Established in 2006, GNG Electronics Limited provides laptop, desktop and ICT Device refurbishing services both internationally and in India. They have a strong presence within India, USA, Europe, Africa and UAE.
They work under the brand name 'Electronics Bazaar' providing sourcing to refurbishment to sale to after– sale service and guaranteeing.
The organization provides other value–added services including ITAD and e – waste management services, warranties, doorstep service, on-site installation, convenient payment options, simple upgrades, guaranteed buyback programmes and buyback programmes for refurbished ICT Devices.
GNG Electronics offers customized buyback programs for desktops and laptops to enable large format retail chains like Vijay Sales (India) Private Limited (Vijay Sales) and OEM brand chains like HP India Sales Private Limited (HP) and Lenovo Global Technology (India) Private Limited (Lenovo) to operate cost-effective, customer-friendly buyback programs enabling sale of new products.
The company have sales network with the refurbished ICT Devices being retailed in 35 countries as of September 30, 2024. GNG Electronics sales network consists of 3,265 touchpoints, in India and international, as of September 30, 2024.
GNG Electronics Promoter(s)
Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited, Kay Kay Overseas Corporation are the company's promoters of GNG Electronics.
GNG Electronics IPO Issue Objectives
- •
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed the Company and the Material Subsidiary namely, Electronics Bazaar FZC.
- •
- General corporate purposes.
GNG Electronics IPO - Anchor Investors
Laptops refurbisher GNG Electronics raises Rs 138.1 crore through anchor book before IPO.
Goldman Sachs, Motilal Oswal Mutual Fund, Mirae Asset, Edelweiss Trusteeship, Buoyant Opportunities Strategy, Bengal Finance, and Founders Collective Fund acquired the shareholding in the company through investment through anchor book.
Other institutional investors invested money in GNG are Mint Focused Growth Fund, LC Pharos Multi Strategy Fund, Sameeksha India Equity Fund, Niveshaay Hedgehogs Funds, M7 Global Fund, and Astorne Capital.
GNG Electronics IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| GNG Electronics | N/A | N/A | 30.4% | 1420 |
| Newjaisa Technologies | 1.68 | 21.37 | -1.45% | 66 |
GNG Electronics IPO - Strengths and Risks
GNG Electronics IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
GNG Electronics
+91 22 3123 658
compliance@electronicsbazaar.com
https://www.electronicsbazaar.com/
Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai, Maharashtra, 400069
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
GNG Electronics IPO is a book-built IPO worth ₹460.43 crore. The price band is ₹225–₹237 per share. The IPO opens on Jul 23, 2025 and closes on Jul 25, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of GNG Electronics IPO is ₹225 to ₹237 per share.
The lot size of GNG Electronics IPO is 63 shares.
The minimum investment for GNG Electronics IPO is approximately ₹14,931 based on the upper price band .
GNG Electronics IPO opens on Jul 23, 2025 and closes on Jul 25, 2025.
The allotment date of GNG Electronics IPO is Jul 28, 2025.
GNG Electronics IPO is expected to be listed on Jul 30, 2025, on BSE and NSE .
GNG Electronics IPO listed on Jul 30, 2025. It was issued at ₹355.0(NSE) and is currently around ₹443.00 as on 27-May-2026 3:30 PM, which is approximately 86.9% versus issue price. The 52-week high is ₹484.80.
Based on listing and post-listing performance, GNG Electronics IPO delivered around 86.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy GNG Electronics IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
GNG Electronics IPO valuation snapshot: P/E 39.14, EPS ₹6.05/-, P/B 10.17, RoNW 30.40%, and market cap N/A.
To apply for GNG Electronics IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of GNG Electronics IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for GNG Electronics IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check GNG Electronics IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GNG Electronics IPO allotment status on IPO Ji for quick and easy access.