GNG Electronics IPO
Bookbuilding IPO | ₹460.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Jul 23, 2025
IPO Close
Fri, Jul 25, 2025
Price Band
₹225.00 to ₹237.00
Market Cap (Pre-IPO)
₹2,702.07 Cr
IPO Details
| IPO Date | Jul 23, 2025 to Jul 25, 2025 |
| Listing Date | Tentative: Jul 30, 2025 |
| Face Value | ₹2.00 per share |
| Price Band | ₹225.00 to ₹237.00 |
| Lot Size | 63 Shares (Minimum: ₹14,931.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹460.00 Crores |
| Total Shares Offered | 19,427,637 shares |
| Fresh Issue | 16,877,637 shares |
| Offer For Sale | 2,550,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 266.21x |
| NII | 226.44x |
| RII | 47.36x |
| Total | 150.21x |
GNG Electronics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 97,13,818 (50.00%) |
| Retail Shares Offered | 67,99,673 (35.00%) |
| NII Shares Offered | 29,14,146 (15.00%) |
GNG Electronics IPO Lot Size
Investors can bid for a minimum of 63 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | ₹14,931 |
| Retail (Max) | 13 | 819 | ₹194,103 |
| S-HNI (Min) | 14 | 882 | ₹209,034 |
| S-HNI (Max) | 66 | 4,158 | ₹985,446 |
| B-HNI (Min) | 67 | 4,221 | ₹1,000,377 |
GNG Electronics Financial Information (Restated Consolidated)
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 719.46 | 585.82 | 285.50 |
| Total Income | 1,420.37 | 1,143.80 | 662.79 |
| Profit After Tax | 69.03 | 52.31 | 32.43 |
| EBITDA | 126.14 | 84.90 | 50.04 |
| NET Worth | 226.46 | 163.14 | 111.60 |
| Reserves and Surplus | 176.61 | 132.68 | 81.13 |
| Total Borrowing | 446.92 | 322.33 | 152.02 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 30.40% |
| ROCE (Return on Capital Employed) | 17.31% |
| Debt/Equity | 1.95 |
| RoNW (Return on Net Worth) | 30.40% |
| PAT Margin (Profit After Tax Margin) | 4.89% |
| EBITDA Margin | 8.94% |
| Price to Book Value | 10.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.11 | 6.05 |
| P/E (x) | 33.35 | 39.14 |
| Promoter Holding | 95.01% | 78.71% |
Company Promoters
- Sharad Khandelwal
- Vidhi Sharad Khandelwal
- Amiable Electronics Private Limited and Kay Kay Overseas Corporation are the company promoters.
Company Overview
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, doorstep service, on-site installation, flexible pay options, easy upgrades, assured buyback programmes and buyback programmes for refurbished ICT Devices.
GNG Electronics provides tailored buyback solutions for laptops and desktops to help large format retail stores such as Vijay Sales (India) Private Limited (“Vijay Sales”) and OEM brand stores such as HP India Sales Private Limited (“HP”) and Lenovo Global Technology (India) Private Limited (“Lenovo”) to run efficient, customer–friendly buyback programs facilitating sale of new devices.
The company have a sales network with the refurbished ICT Devices being sold in 38 countries as of March 31, 2025. GNG Electronics sales network comprises 4,154 touchpoints in India and globally, as of March 31, 2025.
As of March 31, 2025., The company had 1,194 employees.
Use of Proceeds
| 1) | Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and the Material Subsidiary namely, Electronics Bazaar FZC | 320.00 |
| 2) | General Corporate Purposes | 46.42 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
GNG Electronics IPO Peer Comparison
GNG Electronics peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| GNG Electronics Limited | 7.09 | 7.09 | 23.31 | 0.00 | 30.40 | 0.00 | Consolidated |
| Newjaisa Technologies Limited | 0.32 | 0.32 | 22.09 | 21.37 | 1.45 | 1.68 | Standalone |
Quick Info
| Sector | Information Technology (IT) Hardware, Electronics Equipment, and Refurbished ICT Devices |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹2,702.07 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jul 23, 2025 |
| IPO Close | Jul 25, 2025 |
| Allotment Date | Jul 28, 2026 |
| Credit to Demat | Jul 29, 2026 |
| Listing Date | Tentative: Jul 30, 2025 |
Lead Manager(s)
Motilal Oswal Investment Advisors Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
- GNG Electronics IPO is a book build issue 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 bidding started from Jul 23, 2025 and ended on Jul 25, 2025. The allotment for GNG Electronics IPO was finalized on Jul 28, 2025. The shares got listed on BSE, NSE on Jul 30, 2025.
- GNG Electronics IPO price band is set at ₹237.00 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.