GNG Electronics was incorporated on October 19, 2006. The company is India’s largest refurbisher of laptops and desktops and a leading ICT device refurbisher globally, with a presence in India, the USA, Europe, Africa, and the UAE. Its repair-over-replacement approach offers cost advantages and promotes sustainability by reducing carbon footprints
| Bidding Dates |
|---|
| 23 Jul 2025 - 25 Jul 2025 |
| Subscription |
|---|
| 147.93x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,175 | 1 | 13 | 63 | 19.4 M | ₹225 - ₹237 | 78.71 % | ₹4371.2 M - ₹4604.3 M | RHP DOC |
GNG Electronics IPO SUBSCRIPTION STATUS
25 Jul '25GNG Electronics IPO overall subscription rate was 147.93 times the total available shares
GNG Electronics IPO retail subscription rate was 46.84 times in the retail segment
GNG Electronics IPO non-institutional investor subscription rate was 227.67 times in the non-institutional investor category
GNG Electronics IPO Qualified Institutional Bidder subscription rate was 266.21 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Jul 2025 (Day 3) | 46.84x | 227.67x | 266.21x |
24 Jul 2025 (Day 2) | 23.02x | 68.7x | 2.21x |
23 Jul 2025 (Day 1) | 8.89x | 18.85x | 1.68x |
GNG Electronics FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 69.0 | 1,411.1 | 24.5 | 14.5 | 8.9% |
| FY24 | 52.3 | 1,138.1 | 97.5 | 73.4 | 7.5% |
| FY23 | 32.4 | 659.5 | 25.0 | 22.6 | 7.6% |
GNG Electronics IPO SUBSCRIPTION STATUS DETAILS
GNG Electronics had 19.4 M shares on offer
GNG Electronics IPO offer price was in the range ₹225 - ₹237
GNG Electronics IPO minimum Investment was ₹14175
GNG Electronics IPO issue size was ₹ 4371.2 M - ₹ 4604.3 M
GNG Electronics had a minimum lot size of 63 Shares per application
GNG Electronics NUMBER OF SHARES ON OFFER
GNG Electronics IPO IMPORTANT DATES
| Issue Open Date | 23 Jul 2025 |
| Issue close Date | 25 Jul 2025 |
| Allotment Date | 28 Jul 2025 |
| Refund Date | 29 Jul 2025 |
| Demat Account Credit Date | 29 Jul 2025 |
| Listing Date | 30 Jul 2025 |
| Listing on Exchange(s) | NSE and BSE |
| GNG Electronics Allotment Status | Exchange/ Registrar |
GNG Electronics IPO subscription opened on 23 Jul 2025, and closed on 25 Jul 2025
IPO allotment for GNG Electronics was finalized on Monday, 28 Jul 2025
IPO listing for GNG Electronics was on NSE and BSE on Wednesday, 30 Jul 2025
GNG Electronics IPO LISTING GAINS
| Issue Price (adjusted) | 237.0 |
| Listing Open Price | 355.0 |
| Listing Close Price | 333.4 |
| Listing Gain% | 49.8% |
| Current Gain% | 141.4% |
GNG Electronics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GNG Electronics Ltd. | 572 | 6522 | 45.8 | 0.3 | 3.3 | 17.4 | 10.5 | 1895.4 | 33.4 | 132 | 91.8 | 12.5 | 160.6 |
| Control Print Ltd. | 566.8 | 906.5 | 23.3 | -0.4 | 1.9 | 9.8 | 7.5 | 484.2 | 12.2 | 43.6 | -56.4 | 24.4 | -59.8 |
| Bharat Global Developers Ltd. | 86.2 | 872.4 | -10135.3 | 100.8 | 33.4 | -0.1 | 0 | 27.2 | -96 | -0.1 | -100.8 | 0 | -100.5 |
| Panache Digilife Ltd. | 498.5 | 798.3 | 42.2 | 0.3 | 3 | 15.3 | 7.1 | 245.4 | 110.1 | 16.2 | 135 | 11.8 | 158.1 |
| BCC Fuba India Ltd. | 226.5 | 449 | 54.5 | 0.2 | 5.4 | 12.7 | 7 | 72.7 | 53.8 | 5.8 | 55.8 | 4.2 | 262.2 |
| HCL Infosystems Ltd. | 11.6 | 380.6 | -8.4 | 0.1 | 20.3 | 0 | -7.5 | 54.5 | 8.9 | -32.9 | -55.9 | -1.4 | -109.9 |
GNG Electronics INFORMATION ON IPO ISSUE
About GNG Electronics
GNG Electronics was incorporated on October 19, 2006. The company is India’s largest refurbisher of laptops and desktops and a leading ICT device refurbisher globally, with a presence in India, the USA, Europe, Africa, and the UAE. Its repair-over-replacement approach offers cost advantages and promotes sustainability by reducing carbon footprints
Object of the Issue
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company and its material subsidiary, Electronics Bazaar FZC
- Funding the working capital requirements of the company
- General corporate purposes
GNG Electronics - PROMOTERS
| Name |
|---|
| Sharad Khandelwal |
| Vidhi Sharad Khandelwal |
| Kay Kay Overseas Corporation |
| Amiable Electronics Private Limited |
GNG Electronics Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
gngelectronics.ipo@motilaloswal.com
IIFL Capital Services Limited
gngelectronics.ipo@iiflcap.com
JM Financial Limited
gngelectronics.ipo@jmfl.com
GNG Electronics Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
GNG Electronics Strengths
Strong global supply chain
The company's expertise in procurement, refurbishment, and sales ensures a competitive edge, with pricing driven by its ability to "buy better, refurbish better, and sell better." Its Value-Added Reseller network spans 35 countries, with 3,265 sales touchpoints globally as of September 30, 2024
Refurbishing capabilities
The company operates one of the largest and highly integrated ICT refurbishment facilities in India (Source: 1Lattice Report) and benefits from its Sharjah, UAE facility's location in the Sharjah Free Zone, including in-house employee accommodation
Well positioned to harness global shift
Since commencing operations in 2014, the company has established a strong presence in the ICT devices industry, leveraging a highly experienced management team to deliver quality products and navigate market complexities
GNG Electronics Risks
Price fluctuations
Rising prices of essential parts and materials could adversely affect the company's business and financial performance. Past price fluctuations have impacted procurement and may continue to do so in the future
Dependent on sales network
The company relies on its sales network for product distribution, and any disruption in this network could negatively impact its business and operations
Dependent on limited suppliers
The company relies on a limited number of suppliers for inventory, and any disruption in supply or failure to meet quality or delivery standards could adversely affect its operations and delivery schedules
IPO FAQs
This IPO consists of an offer for sale of up to Rs 60.4 crore, of 2,550,000 shares. It also consists of a fresh issue of Rs 400.0 crore.
The promoters of the company are Sharad Khandelwal, Vidhi Sharad Khandelwal, Kay Kay Overseas Corporation and Amiable Electronics Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 225.0 - 237.0.
The IPO application opens on Jul 23, 2025 and closes on Jul 25, 2025.
The minimum lot size for the IPO is 63. The maximum lot size for the IPO is 819.
For all category investors, the minimum application amount for this IPO is Rs. 14,175.0, the maximum value for this IPO is Rs 194,103.0.
This IPO will be allotted on Jul 28, 2025.
The refund will be credited to your account on Jul 29, 2025.
The allotted shares will be credited to your demat on Jul 29, 2025.
GNG Electronics Ltd.’s shares listed on the stock exchanges on Jul 30, 2025.