GNG Electronics Limited IPO
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.
Price Band₹225 - ₹237 |
Dates23 Jul - 25 Jul |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹460.44 Crs |
GNG Electronics IPO Objects
- Prepayment in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Material Subsidiary
- General corporate purposes
GNG Electronics IPO Details
Price Band₹225 - ₹237 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹400.00 Cr (1.69 Cr Shares) |
Offer For Sale₹60.44 Cr (0.26 Cr Shares) |
Total Issue₹460.44 Cr (1.94 Cr Shares) |
Face Value₹2 per equity share |
GNG Electronics IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
63
14,931
Maximum
13
819
1,94,103
|
|||
| Small HNI |
Minimum
14
882
2,09,034
Maximum
66
4,158
9,85,446
|
|||
| Big HNI |
Minimum
67
4,221
10,00,377
|
|||
GNG Electronics IPO GMP
The estimated Grey Market Premium of GNG Electronics IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
GNG Electronics IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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
GNG Electronics IPO Peer Comparision
| 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.
GNG Electronics IPO Peer Comparision
| Particulars | GNG Electronics Limited |
|---|---|
| Revenue from Ops (in Crs.) | 1,411.11 |
| PAT (In Crs.) | 69.03 |
| EPS - Basic | 7.09 |
| NAV per share | 23.31 |
| RONW | 30.40% |
| EBITDA | 8.94% |
| PAT Margin | 4.89% |
| Price to earning (PE) | 33.43 |
| Newjaisa Technologies |
|---|
| 65.66 |
| -1.13 |
| -0.32 |
| 22.09 |
| -1.45% |
| 2.25% |
| -1.72% |
| NA |
- All information pertains to FY 2024-25.
Promoter Details
| Name | Shareholding |
|---|---|
| Amiable Electronics Pvt Ltd | 57.29% |
| Vidhi Khandelwal | 18.50% |
| Sharad Khandelwal | 18.50% |
| Other Promter | 0.71% |
| Total | 95.01% |
Management Details
| Name | Designation |
|---|---|
| Sharad Khandelwal | MD |
| Raakesh Jhunjhunwala | CFO |
Company Details
Name: GNG Electronics Limited
Address: Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai - 400069, Maharashtra, India;
Number: +91 22 3123 6588
Email: compliance@electronicsbazaar.com
Website: www.electronicsbazaar.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
GNG Electronics IPO is a Mainboard IPO having an issue size of Rs. ₹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.
GNG Electronics IPO opens on 23 Jul 25 and closes on 25 Jul 25.
The estimated Grey Market Premium of GNG Electronics IPO is ₹0 per share (0.00%).
The minimum lot size of GNG Electronics IPO is 63 shares & the minimum application amount is Rs. 14931.
The allotment date of GNG Electronics IPO is 28 Jul 25.
The listing date of GNG Electronics IPO is 30 Jul 25.
GNG Electronics IPO is subscribed -.
GNG Electronics IPO is priced at ₹225 - ₹237 per share.
Click the allotment link on GNG Electronics IPO page of IPO360.
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