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.
GNG Electronics IPO Details
| IPO Date | July 23, 2025 to July 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹225 to ₹237 per share |
| Lot Size | 63 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,94,27,637 shares (aggregating up to ₹460.43 Cr) |
| Fresh Issue | 1,68,77,637 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 25,50,000 shares of ₹2 (aggregating up to ₹60.44 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,71,33,880 shares |
| Share Holding Post Issue | 11,40,11,517 shares |
GNG Electronics IPO Reservation
GNG Electronics IPO offers total 1,94,27,637 shares. Out of which 97,13,818 (50.00%) allocated to QIB, 38,85,528 (20.00%) allocated to QIB, 29,14,146 (15.00%) allocated to NII, 67,99,673 (35.00%) allocated to RII and 58,28,290 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 97,13,818 (50.00%) | NA |
| NII (HNI) Shares Offered | 29,14,146 (15.00%) | NA |
| Retail Shares Offered | 67,99,673 (35.00%) | 1,07,931 |
| Total Shares Offered | 1,94,27,637 (100.00%) |
GNG Electronics IPO Anchor Investors Details
GNG Electronics IPO raises ₹138.13 crore from anchor investors. GNG Electronics IPO Anchor bid date is July 22, 2025.
| Bid Date | July 22, 2025 |
| Shares Offered | 58,28,290 |
| Anchor Portion Size (In Cr.) | 138.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 23, 2025 |
GNG Electronics IPO Timeline (Tentative Schedule)
GNG Electronics IPO opens on July 23, 2025, and closes on July 25, 2025.
| IPO Open Date | Wed, Jul 23, 2025 |
| IPO Close Date | Fri, Jul 25, 2025 |
| Tentative Allotment | Mon, Jul 28, 2025 |
| Initiation of Refunds | Tue, Jul 29, 2025 |
| Credit of Shares to Demat | Tue, Jul 29, 2025 |
| Tentative Listing Date | Wed, Jul 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2025 |
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 | 4,158 | ₹9,85,446 |
| B-HNI (Min) | 67 | 4,221 | ₹10,00,377 |
GNG Electronics IPO Promoter Holding
| Share Holding Pre Issue | 95.01% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
About GNG Electronics Ltd.
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.
Company Financials
GNG Electronics Ltd. 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 |
| Revenue | 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 ₹ Crore | |||
Key Performance Indicator (KPI)
The market capitalization of GNG Electronics IPO is ₹2702.07 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.11 | 6.05 |
| P/E (x) | 33.35 | 39.14 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 that is available in RHP.
Objects of the Issue (GNG Electronics IPO Objectives)
The Company GNG Electronics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
GNG Electronics Ltd. Contact Details
GNG Electronics Ltd.
Unit No. 415, Hubtown Solaris,
N.S. Phadke Marg,
Andheri (East),
Mumbai, Maharashtra, 400069
Phone: +91 22 3123 658
Email: compliance@electronicsbazaar.com
Website: https://www.electronicsbazaar.com/
GNG Electronics IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html