GNG Electronics IPO
GNG Electronics IPO
Overview
GNG Electronics IPO is a bookbuilding of ₹460.43 crores. The issue is a combination of fresh issue of 1.69 crore shares aggregating to ₹400.00 crores and offer for sale of 0.26 crore shares aggregating to ₹60.44 crores. GNG Electronics IPO opens for subscription on July 23, 2025 and closes on July 25, 2025. The allotment for the GNG Electronics IPO is expected to be finalized on Monday, July 28, 2025. GNG Electronics IPO will be list on BSE, NSE with a tentative listing date fixed as Wednesday, July 30, 2025. GNG Electronics IPO price band is set at ₹225 to ₹237 per share. The lot size for an application is 63. The minimum amount of investment required by an retail is ₹14,175 (63 shares). The lot size investment for sNII is 14 lots (882 shares), amounting to ₹2,09,034, and for bNII, it is 67 lots (4,221 shares), amounting to ₹10,00,377. Motilal Oswal Investment Advisors Limited is the book-running lead manager of the GNG Electronics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Total Shares
1,94,27,637
Issue Size
₹460.43 Cr
Price Band
₹237 – ₹237
Lot Size
63 shares
Min. Investment
₹14,931
Max. Investment
₹1,94,103
Open Date
23 Jul, 2025
Close Date
25 Jul, 2025
Allotment
28 Jul, 2025
Listing
30 Jul, 2025
Max. Investment
₹1,94,103
Announced
23 Jul, 2025
Opening Date
23 Jul, 2025
Closing Date
25 Jul, 2025
Basis of Allotment
28 Jul, 2025
Initiation of Refunds
29 Jul, 2025
Credit of Shares
29 Jul, 2025
Listing Date
30 Jul, 2025
Live GMP
Est. Listing: ₹337
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About GNG Electronics IPO
Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops and ICT Devices, both globally and in India. The company has a significant presence across India, USA, Europe, Africa and UAE.
The company operate under the brand “Electronics Bazaar”, offering sourcing to refurbishment to sales to after– sale services and providing warranty.
The company offers other value–added services such as ITAD and e – waste management services, warranties, doors
GNG Electronics IPO Share Price
Issue Breakdown
Shareholding
Dilution: 17.4% increase in shares
GNG Electronics IPO Promoters Holding
GNG Electronics IPO Financial Health
GNG Electronics Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2025 and March 31, 2024.
GNG Electronics IPO 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 Individual Investors (Retail) 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 |
| S-HNI (Min) | 14 | 882 | ₹2,09,034 |
| S-HNI (Max) | 66 | 4158 | ₹9,85,446 |
| B-HNI (Min) | 67 | 4221 | ₹10,00,377 |
(All values in CR)
GNG Electronics IPO Valuations
The market capitalization of GNG Electronics IPO is ₹2702.07 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 30.40 |
| ROCE | 17.31 |
| Debt/Equity | 1.95 |
| RoNW | 30.40 |
| PAT Margin | 4.89 |
| EBITDA Margin | 8.94 |
| Price to Book Value | 10.17 |
(All values in CR)
GNG Electronics IPO Strength & Risk
GNG Electronics IPO Strength:
Market leadership & global presence
India’s largest refurbisher of laptops and desktops, with facilities in India, the USA, and the UAE, and operations in over 35 countries.Strong financial growth
Revenue rose from ₹659.5 cr (FY23) to ₹1,138 cr (FY24) (72 % growth); profit after tax climbed from ₹32.4 cr to ₹52.3 cr; FY25 PAT ₹68.8 cr.Integrated refurbishment value chain
End‑to‑end operations: sourcing → refurbishment → sales → after‑sales services and warranties; certified refurbisher with HP and Lenovo, and Microsoft-authorised status.Sustainability & ESG aligned
Promotes circular economy through refurbishment and IT asset disposition; contributes to e‑waste reduction.Diversified global network
Sourcing partnerships with 447 global partners; sales reach 3,265 customer touchpoints across 35 countries.
GNG Electronics IPO Risk:
Revenue concentration in laptops
Over 68–75 % of revenue comes from refurbished laptops—vulnerability to shifts in demand or product cycles.High financial leverage
Total borrowings stood at ₹408–486 cr, with debt‑equity ratio around 2.4–2.7× as of FY24; significant debt servicing risk.Working capital intensity
Operations require large liquidity buffers, potentially straining cash flow, especially in volatile supply or payment cycles.Competitive and obsolescence pressures
Faces stiff competition in global refurbished electronics markets; technological obsolescence could erode margins if not managed proactively.Supply chain volatility
Prices and availability of spare parts and components can fluctuate, impacting margins and turnaround times.
GNG Electronics IPO Subscriptions Status
GNG Electronics IPO subscribed 149.26 times. The public issue subscribed 45.74 times in the retail category, 266.21 times in QIB, and 225.75 times in the NII category by July 25, 2025 3:44:37 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 58,28,290 | 58,28,290 | 138.13 |
| Qualified Institutions | 266.21 | 40,24,755 | 1,07,14,26,762 | 25 |
| Non-Institutional Buyers | 225.75 | 30,49,167 | 68,83,34,220 | 16 |
| bNII (bids above ₹10L) | 263.97 | 19,42,764 | 51,28,21,827 | 12 |
| sNII (bids below ₹10L) | 180.68 | 9,71,382 | 17,55,12,393 | 4 |
| Retail | 45.74 | 67,99,673 | 31,10,44,356 | 7 |
| Total | 149.26 | 1,38,73,595 | 2,07,08,05,338 | 49 |
GNG Electronics IPO GMP
GNG Electronics IPO last GMP is ₹100, last updated Jul 25th 2025 02:30 PM. With the price band of 237.00, GNG Electronics IPO's estimated listing price is ₹337 (cap price + today's GMP).The expected percentage gain/loss per share is 42.19%. >> GNG Electronics IPO Retail Subject to Sauda: ₹4800 >> GNG Electronics IPO Small HNI Subject to Sauda: ₹67200 The lowest GMP is ₹71.00, while the highest GMP is ₹105.00.
Last updated 25 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 25 Jul, 2025 | 237 | ₹100 | 4800/67200 | ₹337 (42.19%) | 6300 | 25 Jul, 2025 |
| 24 Jul, 2025 | 237 | ₹100 | 4800/67200 | ₹337 (42.19%) | 6300 | 24 Jul, 2025 |
| 23 Jul, 2025 | 237 | ₹100▼ | 4800/67200 | ₹337 (42.19%) | 6300 | 23 Jul, 2025 |
| 22 Jul, 2025 | 237 | ₹105▲ | 5000/70000 | ₹342 (44.30%) | 6615 | 22 Jul, 2025 |
| 21 Jul, 2025 | 237 | ₹85▲ | 4100/57400 | ₹322 (35.86%) | 5355 | 21 Jul, 2025 |
| 20 Jul, 2025 | 237 | ₹77▲ | 3700/51800 | ₹314 (32.49%) | 4851 | 20 Jul, 2025 |
| 19 Jul, 2025 | 237 | ₹72▲ | 3400/47600 | ₹309 (30.38%) | 4536 | 19 Jul, 2025 |
| 18 Jul, 2025 | 237 | ₹71 | 3400/47600 | ₹308 (29.96%) | 4473 | 18 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for GNG Electronics IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find GNG Electronics IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.