GNG Electronics Limited IPO

Mainboard

Computers Hardware & Equipments

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

₹ 14931 /63 Shares

Check Allotment

23 Jul, 2025

Open Date

25 Jul, 2025

Close Date

28 Jul, 2025

Allotment Date

30 Jul, 2025

Listing Date

Price Summary

Last Closing

321.85 (35.8%)

52 Week High

401.70

52 Week Low

300.00

Last Update

17-Oct-2025 3:30 PM

GNG Electronics IPO Issue Details

Issue Price ₹225-237 per equity share
Face Value ₹2 Per Equity Share
Total Issue Size 1,94,27,637 shares(aggregating up to ₹460.43 crore)
Fresh Share 1,68,77,637 shares(aggregating up to ₹400 crore)
Offer For Sale 25,50,000 shares(aggregating up to ₹60.44 crore)
Listing at BSE, NSE
List Price 355.0(NSE)
Listing Date 2025-07-30
Lead Manager Motilal Oswal Investment Advisors Limited
IIFL Capital Services Limited
Jm Financial Limited
Registrar Bigshare Services Pvt Ltd

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
BHNI(min)	67	4,221	₹10,00,377

GNG Electronics IPO Reservation

GNG Electronics IPO offers total 1,97,01,885 shares. Out of which 40,24,755 (20.43%) allocated to QIB, 30,49,167 (15.48%) allocated to NII,67,99,673 (34.51%) allocated to RII, NA (NA%) allocated to employees and 58,28,290 (29.58%) allocated to 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%)
bNII < ₹10L	19,42,764 (9.86%)
sNII < ₹10L	9,71,382 (4.93%)
Retail Shares Offered	67,99,673 (34.51%)
Total Shares Offered	1,97,01,885 (100%)

GNG Electronics IPO Documents

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 having 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.

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

Total No of Applications

42,12,525

Subscription on the basis of Applications

Retail:38.0x BHNI:50x SHNI:173x

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

In Crs.

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 GNG Electronics 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 - Promoter(s)

Sharad Khandelwal

Vidhi Sharad Khandelwal

Amiable Electronics Private Limited

Kay Kay Overseas Corporation

Pre Issue Share Holding : 95.01%

Post Issue Share Holding : N/A%

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

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.

Contact Details

GNG Electronics

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

+91 22 3123 658

compliance@electronicsbazaar.com

https://www.electronicsbazaar.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

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. You can track the real-time subscription numbers using the links below:

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 GNG Electronics Limited IPO price band is set between ₹225-237 per equity share.

Ans. To apply for GNG Electronics Limited 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 GNG Electronics Limited IPO allotment status online.