GNG Electronics is launching its IPO worth ₹460.43 crore, which combination of fresh issue of ₹400 Cr and OFS of 60.43 Cr. The IPO opens for subscription on 23 July 2025 and will close on 25 July 2025. The allotment of shares is expected to be finalized on 28 July 2025 and the shares are likely to be listed on BSE & NSE on 30 July 2025. The price band for IPO is set between ₹225 to ₹237 per share.
About GNG Electronics IPO
Founded in 2006, GNG Electronics specializes in refurbishing laptops, desktops and ICT devices. GNG Electronics operates in both Indian and global markets, with a strong presence in USA, Europe, Africa, and the UAE.
The company run their business under the brand name Electronics Bazaar, handling everything from sourcing and refurbishing to sales and after sales services including warranty support.
Electronics Bazaar also offers useful services like:
- IT asset disposal (ITAD)
- E-waste management
- Doorstep service
- On-site installation
- Warranty coverage
- Flexible payment plans
- Easy device upgrades
- Assured and tailored buyback programs for refurbished devices
Electronics Bazaar provide customized buyback solutions to large retailers like Vijay Sales, and top OEMs like HP India and Lenovo India, helping these companies run smooth and customer friendly exchange programs.
As of 31 March 2025, Electronics Bazaar sells refurbished devices in 38 countries through a vast network of 4,154 touchpoints across India and abroad. The company has a team of 1,194 employees supporting its operations.
Electronics Bazaar IPO Highlights
- GNG Electronics’s IPO is valued at ₹460.43 Cr and the price band is set between ₹225 to ₹237
- This IPO is combination of a fresh issue of 1.69 Cr shares aggregating to ₹400 Cr and OFS of 0.26 Cr shares aggregating to ₹60.43 Cr.
- GNG Electronics’s IPO will open for subscription on 23 July 2025 and close on 25 July 2025. Share allotment is likely to take place on 28 July 2025 and the shares are expected to be listed on BSE and NSE on 30 July 2025.
- Promoters currently hold 95.01% of the company but after the IPO, their shareholding will come down.
- The funds will be used to repay some of company’s and its subsidiary Electronics Bazaar FZC’s loans (₹320 crore) and for general business needs.
- Bigshare Services will be the registrar for GNG Electronics IPO.
GNG Electronics IPO GMP
As of 21th July 2025, GNG Electronic’s IPO is trading at a GMP of ₹83. Based on the upper price band of ₹237, the shares are expected to list at around ₹320, which means a possible gain of about 35.02% on listing day. In the coming days, GMP may change, and we’ll keep updating as new details come in.
So, stay tuned with Trade Target for daily updates on GNG Electronics IPO GMP and expected listing price.
- Date: 22 July 2025
- GNG Electronics GMP: ₹83 (35.02%)
- Date: 21 July 2025
- GNG Electronics GMP: ₹83 (35.02%)
How can one apply for GNG Electronics IPO?
Retail investors can apply for minimum of 1 lot, which includes 63 shares costing ₹14,931. Maximum investment allowed for retail investors is 13 lots which totals 819 shares and costs ₹1,94,103.
| 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 |
4,158 |
₹9,85,446
|
|
B-HNI (Min)
|
67 |
4,221 |
₹10,00,377
|
GNG Electronics IPO Financial
As of 31 March 2025, GNG Electronics reported a PAT of ₹ 69.03 Cr and in FY24 reported ₹ 52.31 Cr. Over the past 3 years, its profit has been continuously improving. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
|
Assets (₹ Crores) |
719.46
|
585.82
|
285.50
|
|
Revenue (₹ Crores) |
1,420.37
|
1,143.80
|
662.79
|
|
PAT (₹ crores)
|
69.03
|
52.31
|
32.43
|
|
EBITA(₹ Crores) |
126.14
|
84.90
|
50.04
|
|
Net Worth (₹ Crores) |
226.46
|
163.14
|
111.60
|
|
Reserves and Surplus (₹ crores)
|
176.61
|
132.68
|
81.13
|
|
Total Borrowing (₹ crores)
|
446.92
|
322.33
|
152.02
|
GNG Electronics IPO Vs Peer
GNG Electronics has reported a positive EPS of ₹7.09 in comparison to its peer, which is a good sign for investors. The table below compares it with industry peers, offering insight into its position.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
GNG Electronics |
7.09
|
– |
|
Newjaisa Technologies
|
-0.32
|
21.37
|
GNG Electronics IPO Quota Allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Listing Date of GNG Electronics IPO
- Subscription Period: 23 July to 25 July 2025
- Basis of Allotment Finalization: 28 July 2025
- Initiation of Refunds: 29 July 2025
- Demat Credits: 29 July 2025
- Listing Date: 30 July 2025
- Listing on: NSE, BSE
GNG Electronics IPO FAQs (Frequently Asked Questions)
What is the total issue size of GNG Electronics’s IPO?
The total size of GNG Electronics’s IPO is ₹460.43 Cr.
When will GNG Electronics IPO open and close?
GNG Electronics’s IPO will open for subscription on 23 July 2025 and close on 25 July 2025.
What is the lot size for GNG Electronics IPO?
Retail Investors can bid for minimum of 1 lot, which includes 63 shares. And one lot will cost you around ₹14,931.
What is the share allotment date for GNG Electronics IPO?
The allotment of shares is expected to be completed by 28 July 2025.
Who is the registrar of GNG Electronics IPO?
Bigshare Services is the official registrar for GNG Electronics’s IPO.
Where will GNG Electronics shares be listed?
The shares are planned to be listed on both BSE and NSE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
