GNG Electronics
Mainboard₹14,931 / 63 Shares
IPO Live Subscription Details (times)
Bids below ₹10L: 178.12x
NII Total: 227.67
IPO Details
GNG Electronics IPO is priced between ₹225-237 per equity share, with a face value of ₹2 per share. The company's equity shares will be listed on the Mainboard, and Bigshare Services Pvt Ltd is managing the issue as the registrar.
The IPO bidding period opened on 23 Jul, 2025, and closed on 25 Jul, 2025. The allotment results will be announced on 28 Jul, 2025, with a tentative listing date set for 30 Jul, 2025.
The total issue comprises Total 460.43 Cr :#Fresh Issue : 1,68,77,637 shares, amounting to ₹400.00 Cr.
GNG Electronics IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Jul 23, 2025 - Jul 25, 2025 | 30 Jul, 2025 | ₹2 Per Equity Share | ₹225-237 per equity share | 63 Shares | 1,68,77,637 Shares | 25,50,000 shares of ₹2 | BSE, NSE |
GNG Electronics IPO Timeline
Issue Price
₹225-237 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdMarket 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 LimitedJm Financial LimitedIssue 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 Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 25 | 719.46 | 1420.37 | 69.03 | 226.46 | 176.61 | 446.92 |
| 31 Mar 24 | 585.82 | 1143.80 | 52.31 | 163.14 | 132.68 | 322.33 |
| 31 Mar 23 | 285.50 | 662.79 | 32.43 | 111.60 | 81.13 | 152.02 |
All values are in ₹ Cr.
GNG Electronics IPO Valuations
EPS PRE IPO ₹7.11/- | EPS POST IPO ₹6.05/- | PE PRE IPO 33.35 | PE 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 |
About 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 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 |
Retail:38.0x
BHNI:50x
SHNI:173x times
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
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