GNG Electronics Limited IPO

GNG Electronics Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹225 - ₹237

Total Issue

₹460.44 Cr

Bid Dates

23 Jul - 25 Jul

Subscription

147.93x

Est. GMP

₹93 (39.24%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

GNG Electronics Limited is India’s largest refurbisher of laptops and desktops and one of the leading ICT device refurbishers globally (Source: 1Lattice Report, March 31, 2025). With operations spanning India, the USA, Europe, Africa, and the UAE, the company covers the entire refurbishment value chain—from sourcing and refurbishing to sales and post-sale services. Known for delivering affordable, reliable, and premium-quality ICT devices that match new ones in both performance and appearance, Electronics Bazaar also provides robust warranty support, ensuring customer confidence and satisfaction.

Lot Info

Lot Information for GNG Electronics IPO
Category 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹460.44 Cr
Fresh Issue
₹400.00 Cr (1.69 Cr Shares)
Offer For Sale
₹60.44 Cr (0.26 Cr Shares)

Objects of Issue

  1. Prepayment in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Material Subsidiary
  2. General corporate purposes

Grey Market Premium

GMP ₹93
Est. Price ₹330
Est. Gain 39.24%

GNG Electronics IPO Peer Comparison

(Rs. in crores)

GNG Electronics IPO Peer Comparison Table
Particulars GNG Electronics Limited Newjaisa Technologies
Revenue from Ops (in Crs.) 1,411.11 65.66
PAT (In Crs.) 69.03 -1.13
EPS - Basic 7.09 -0.32
NAV per share 23.31 22.09
RONW 30.40% -1.45%
EBITDA 8.94% 2.25%
PAT Margin 4.89% -1.72%
Price to earning (PE) 33.43 NA
  • All information pertains to FY 2024-25.

Financial Performance

(Rs. in crores)

Financial Performance Metrics for GNG Electronics IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 1,411.11 1,138.14 659.54
Profit after Tax 69.03 52.31 32.43
Net Worth 226.46 163.14 111.60
Total Borrowing 446.92 322.33 152.02
Total Assets 719.46 585.82 285.50
NAV per share (in ₹) 23.31 16.80 11.49
EPS - Basic (in ₹) 7.09 5.37 3.33

KPIs

EBITDA

8.94%

PAT

4.89%

ROE

30.40%

ROCE

17.31%

PE Ratio

33.43

PB Ratio

10.17

Mkt Cap (in Crs.)

2,702.07

  • All the data pertains to FY 2024-25.T
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 3, 2025 for Peers

Shareholding

Promoter

95.01%

Public

4.99%

Amiable Electronics Pvt Ltd 57.29%
Vidhi Khandelwal 18.50%
Sharad Khandelwal 18.50%
Other Promter 0.71%

Management

Sharad Khandelwal MD
Raakesh Jhunjhunwala CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Subscription Status

Updated as on 25-Jul-2025 19:00:00

Mainboard Subscription Status for GNG Electronics IPO
Category Sub (x) Offered Bids
QIB 275.75 38,85,529 1,07,14,35,582
NII 238.22 29,14,146 69,42,11,112
bHNI 264.14 19,42,764 51,31,69,587
sHNI 186.38 9,71,382 18,10,41,525
Retail 49.01 67,99,673 33,32,68,488
Total 154.34 1,35,99,348 2,09,89,15,182

Frequently Asked Questions

What is GNG Electronics IPO?
GNG Electronics IPO is a Mainboard IPO having an issue size of ₹460.44 Crs. GNG Electronics IPO is priced at ₹225 - ₹237 per share. The issue opens on 23 Jul 25 and closes on 25 Jul 25.
When will GNG Electronics IPO open?
GNG Electronics IPO opens on 23 Jul 25 and closes on 25 Jul 25.
What is the GMP of GNG Electronics IPO?
The estimated Grey Market Premium of GNG Electronics IPO is ₹93 per share (39.24%).
What is the lot size of GNG Electronics IPO?
The minimum lot size of GNG Electronics IPO is 63 shares & the minimum application amount is Rs. 14931.
When is the allotment of GNG Electronics IPO?
The allotment date of GNG Electronics IPO is 28 Jul 25.
What is the listing date of GNG Electronics IPO?
The listing date of GNG Electronics IPO is 30 Jul 25.
What is the subscription of GNG Electronics IPO?
GNG Electronics IPO is subscribed 147.93 times.
What is the price band of GNG Electronics IPO?
GNG Electronics IPO is priced at ₹225 - ₹237 per share.
How to check allotment status of GNG Electronics IPO?
Click the allotment link on GNG Electronics IPO page of IPO360.
How to apply GNG Electronics IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply GNG Electronics IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply GNG Electronics IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select GNG Electronics IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date