IPO

GNG Electronics Limited IPO

Mainboard

Computers Hardware & Equipments

Listed On: Jul 30, 2025 at ₹ 355.0(NSE)

₹ 14931 /63 Shares

Check Allotment

Price Summary

Last Closing

320.95 (35.42%)

52 Week High

359.40

52 Week Low

300.00

Last Update

8-Aug-2025 3:30 PM
GNG Electronics IPO Details

23 Jul, 2025

Open Date

25 Jul, 2025

Close Date

28 Jul, 2025

Allotment Date

30 Jul, 2025

Listing Date

Issue Price

₹225-237 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

355.0(NSE)

Listing Date

2025-07-30

Market Lot

Retail : 63 Shares (₹14,931/-)
S-HNI : 882 Shares (₹2,09,034/-)
B-HNI : 4,221 Shares (₹10,00,377/-)

Lead Manager

Motilal Oswal Investment Advisors Limited
IIFL Capital Services Limited
Jm Financial Limited

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)

Retail Portion

35% (Number of Retail Applications: 1,07,931 Approx),
(Number of S-HNI Applications : 1,101 Approx),
(Number of B-HNI Applications : 2,203 Approx)

Subscription

146.84 times

IPO Docs

DRHP RHP ANCHOR

GNG Electronics IPO Details


GNG Electronics IPO is a book-built issue of ₹460.43 crores, The total issue size is ₹460.43 crores. The IPO of GNG Electronics is priced at ₹225-237 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Jul 23, 2025 and ends on Jul 25, 2025. The allotment for GNG Electronics IPO will be finalized on Jul 28, 2025. GNG Electronics IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 30, 2025. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 63 shares, extendable to 14,931. S-HNIs will be able to bid for 882 shares at ₹2,09,034, while B-HNIs can also apply for a bid of 4,221 shares at ₹10,00,377. The book-running lead manager for the IPO is/are Motilal Oswal Investment Advisors Limited , IIFL Capital Services Limited , Jm Financial Limited.

The total issue ₹460.43 crore, comprising a fresh issue of 1,68,77,637 shares ₹400 crore and an Offer for Sale (OFS) of 25,50,000 shares to mop up ₹60.44 crore.

The GNG Electronics IPO sets its price band at 225-237 for each share. A single application for GNG Electronics Limited IPO must contain at least 63 shares. Sentiment investors need to invest a minimum of 63 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,931 In order to participate in the sNII, investors must purchase at least 14 lots of 882 shares for ₹2,09,034, while the bNII requires 67 lots of 4,221 shares for an investment of ₹10,00,377.

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GNG Electronics IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved40,24,75530,49,167
19,42,764    9,71,382		67,99,6731,38,73,595
Day 1 - 23-07-25 05:00 PM1.68 x18.85
17.47 x   21.62 x		8.89 x8.99 x
Day 2 - 24-07-25 05:00 PM2.21 x68.70
68.43 x   69.23 x		23.02 x26.93 x
Day 3 - 25-07-25 05:00 PM266.21 x226.41
252.45 x   174.34 x		45.21 x146.84 x
Total No. of Applications: 42,12,525 (Approx)
Retail Subscription on the basis of Applications: Retail:38.0x BHNI:50x SHNI:173x times

GNG Electronics Valuations

EPS Pre IPO

₹7.11/-

EPS Post IPO

₹6.05/-

P/E Pre IPO

33.35

P/E Post IPO

39.14

ROE

30.40%

ROCE

17.31%

Debt/Equity

1.95

RoNW

30.40%

PAT Margin

4.89%

Price to Book Value

10.17

GNG Electronics Company Financials All values are in ₹ Cr.

31-Mar-2531-Mar-2431-Mar-23
Assets719.46585.82285.50
Revenue1,420.371,143.80662.79
Profit After Tax69.0352.3132.43
Net Worth226.46163.14111.60
Reserves & Surplus176.61132.6881.13
Total Borrowing446.92322.33152.02

About The Company

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.

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GNG Electronics - Strength and Weakness

Strength

Market Leadership: India’s largest refurbisher of laptops and desktops, and among the top refurbishers of ICT devices globally.

Global Operations: Five refurbishing facilities across India, USA, and UAE with a strong international footprint.

Robust Ecosystem: Established global supply chain, deep vendor network, and a wide, diversified customer base.

Weakness

Product Concentration Risk: A significant portion of revenue (over 75%) comes from laptop sales; any decline in demand may adversely affect business performance.

Supply Chain Volatility: Fluctuations in prices and availability of key parts and materials can impact operations and margins.

Distribution Dependency: Heavy reliance on a widespread sales network; any disruption could negatively impact sales and operations.

GNG Electronics - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
GNG ElectronicsN/AN/A30.4%1420
Newjaisa Technologies1.6821.37-1.45%66

GNG Electronics - Promoter(s)

Pre Issue Share Holding: 95.01%

Post Issue Share Holding: N/A%

Company Promoter(s)
  1. Sharad Khandelwal
  2. Vidhi Sharad Khandelwal
  3. Amiable Electronics Private Limited
  4. Kay Kay Overseas Corporation

GNG Electronics IPO - Issue Objectives

  1. 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.
  2. 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.

Other Details

Company Contact Details

GNG Electronics

Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai, Maharashtra, 400069

Phone: +91 22 3123 658

Email: compliance@electronicsbazaar.com

Website: https://www.electronicsbazaar.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

GNG Electronics IPO - FAQs

Ans. GNG Electronics Limited IPO is a Mainboard IPO. The issue is priced at ₹225-237 per equity share. The minimum order quantity is 63 Shares. The IPO opens on Jul 23, 2025, and closes on Jul 25, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The GNG Electronics Limited IPO opens on Jul 23, 2025 and closes on Jul 25, 2025.

Ans. The size of GNG Electronics Limited IPO is 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).

Ans. The IPO price band is set between ₹225-237 per equity share.

Ans. To apply for GNG Electronics Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find GNG Electronics Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of GNG Electronics Limited IPO is Jul 28, 2025.

Ans. The GNG Electronics Limited IPO will be listed on Jul 30, 2025.

Ans. Follow the steps to check the allotment status for GNG Electronics Limited IPO here.