GNG ELECTRONICS LIMITED
₹ 225 - ₹ 237
23-Jul-2025 - 25-Jul-2025
₹ 14931.00

/ 63 Shares

GNG ELECTRONICS LIMITED

23-Jul-2025 - 25-Jul-2025

₹ 225 - ₹ 237

Price Band

₹ 14931.00

Minimum Investment

63

Bid Lot

19,427,638

Shares

  • Face Value - ₹ 2/- Per Share

  • Listing at NSE BSE

  • 107,931 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Fresh Issue of Equity Shares aggregating up to Rs. 400 Cr +Offer for Sale of upto 25,50,000 Equity shares

Category % Shares/Amount
QIB 50% 9,713,819 Shares RS.230.22 CR
HNI 1 5% 971,382 Shares RS.23.02 CR @ 1101 FORM 1X
HNI 2 10% 1,942,764 Shares RS.46.04 CR @ 2203 FORM 1X
Retail 35% 6,799,673 Shares RS.161.15 CR @ 107931 FORM 1X

BRLMs: Motilal Oswal Investment Advisors, IIFL Capital Services, JM Financial

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
107931 FORM 1X 1101 FORM 1X 2203 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 63 ₹ 14,931
Retail (Upto 2 Lakh) 13 819 ₹ 194,103
S-HNI (2 Lakh to 10 Lakh) 14 882 ₹ 209,034
S-HNI (2 Lakh to 10 Lakh) 66 4158 ₹ 985,446
B-HNI (Above 10 Lakh) 67 4221 ₹ 1,000,377

IPO Timeline

  • Open Date

    23-Jul-2025

  • Close Date

    25-Jul-2025

  • Basis of Allotment Date

    28-Jul-2025

  • Initiation of Refunds

    29-Jul-2025

  • Credit Shares to Demat A/c

    29-Jul-2025

  • IPO Listing Date

    30-Jul-2025

Subscription as on
23-Jul-2025 17:40

Category Book Size Subscription No. of Times
QIB 3,885,528 ₹ 92.09 Cr. 6,771,681 ₹ 160.49 Cr. 1.74x
HNI (<10 LAKH) 971,382 ₹ 23.02 Cr. 22,025,934 ₹ 522.01 Cr. 22.67x
HNI2 (>10 LAKH) 1,942,764 ₹ 46.04 Cr. 35,513,730 ₹ 841.68 Cr. 18.28x
RETAIL 6,799,673 ₹ 161.15 Cr. 63,721,161 ₹ 1510.19 Cr. 9.37x
Total 13,599,347 128,032,506 9.41x
Category Book Size Subscription No. of Times
QIB 3,885,528 ₹ 92.09 Cr. 6,771,681 ₹ 160.49 Cr. 1.74x
HNI (<10 LAKH) 971,382 ₹ 23.02 Cr. 22,025,934 ₹ 522.01 Cr. 22.67x
HNI2 (>10 LAKH) 1,942,764 ₹ 46.04 Cr. 35,513,730 ₹ 841.68 Cr. 18.28x
RETAIL 6,799,673 ₹ 161.15 Cr. 63,721,161 ₹ 1510.19 Cr. 9.37x
Total 13,599,347 128,032,506 9.41x

*Excluding Anchor

Total No. of Application Approx : ~790767 (7.33 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The Company was incorporated as “GNG Electronics Private Limited” at Mumbai in 2006. Subsequently, on conversion to a public limited company, the name was changed to “GNG Electronics Limited”.
  • The company is India’s largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India, with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2025.
  • The company operates under the brand “Electronics Bazaar”, with presence across the full refurbishment value chain, i.e., from sourcing to refurbishment to sales, to after–sales services and providing warranty. As of March 31, 2025, the company has a comprehensive portfolio of 5,840 SKUs. 
  • The company is India’s largest Microsoft Authorised Refurbisher, in terms of refurbishing capability, as of FY 2024. Further, it is also the IT asset disposal partner for India’s 2nd largest software company as of FY2025.
  • 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.
  • The company’s refurbished ICT Devices are sold in 38 countries as of March 31,2025. The company’s sales network comprises 4,154 touchpoints in India and globally as of March 31, 2025.
  • The company has 5 refurbishing facilities located across India, the USA and the UAE. It has 1 facility in Navi Mumbai, Maharashtra, India, 1 facility in Dallas, Texas, USA and 3 facilities in Sharjah, UAE, aggregating to 58,127.82 sq. ft.
  • The company has established a consistent track record of financial performance reflecting operational efficiency. For the financial years ending March 31, 2025, 2024, and 2023, the company’s revenue from operations stood at ? 1,411.11 Cr, ?1,138.14 Cr and ? 659.54 Cr, respectively.
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Strengths

Competitive Strength 

Business Strategies 

  • Expanding the footprint and increasing its market presence in India and other countries to capitalize on the industry tailwinds
  • Enhancing procurement in India and other countries while simultaneously strengthening brand relationships
  • Focus on environmental, social, and governance (“ESG”) standards and expanding opportunities with OEMs

Company Promoters

Company Financials

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

Objects of the Issue

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

How to Apply

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  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
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  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
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Frequently Asked Questions

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