
GNG Electronics Limited IPO
MainboardComputers Hardware & Equipments
Listed On: Jul 30, 2025 at ₹ 355.0(NSE)
₹ 14931 /63 Shares
Check AllotmentPrice Summary
Last Closing
342.50 (44.51%)52 Week High
379.3052 Week Low
300.00Last Update
29-Aug-2025 3:30 PM23 Jul, 2025
Open Date25 Jul, 2025
Close Date28 Jul, 2025
Allotment Date30 Jul, 2025
Listing DateIssue Price
₹225-237 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdList Price
355.0(NSE)Listing Date
2025-07-30Market 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 LimitedIIFL 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 timesGNG 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.
GNG Electronics IPO Subscription Details
As on | QIB | NII bNII sNII | 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 | 18.85 17.47 x 21.62 x | 8.89 x | 8.99 x |
Day 2 - 24-07-25 05:00 PM | 2.21 x | 68.70 68.43 x 69.23 x | 23.02 x | 26.93 x |
Day 3 - 25-07-25 05:00 PM | 266.21 x | 226.41 252.45 x 174.34 x | 45.21 x | 146.84 x |
GNG Electronics Valuations
EPS Pre IPO
₹7.11/-EPS Post IPO
₹6.05/-P/E Pre IPO
33.35P/E Post IPO
39.14ROE
30.40%ROCE
17.31%Debt/Equity
1.95RoNW
30.40%PAT Margin
4.89%Price to Book Value
10.17GNG Electronics Company Financials All values are in ₹ Cr.
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 |
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.
GNG Electronics - Strength and Weakness
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.
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 Ratio | P/E Ratio | RoNW | Net Worth | |
---|---|---|---|---|
GNG Electronics | N/A | N/A | 30.4% | 1420 |
Newjaisa Technologies | 1.68 | 21.37 | -1.45% | 66 |
GNG Electronics - Promoter(s)
Pre Issue Share Holding: 95.01%
Post Issue Share Holding: N/A%
- Sharad Khandelwal
- Vidhi Sharad Khandelwal
- Amiable Electronics Private Limited
- Kay Kay Overseas Corporation
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
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
GNG Electronics
Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai, Maharashtra, 400069Phone: +91 22 3123 658
Email: compliance@electronicsbazaar.com
Website: https://www.electronicsbazaar.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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.