- GNG Electronics IPO Opens Strong: What Investors Need to Know
- GNG Electronics IPO Key Details
- Who Can Invest?
- Book-Running Lead Managers
- GNG Electronics IPO Subscription Status (Day 1)
- Grey Market Premium (GMP)
- About GNG Electronics
- Financial Performance of GNG Electronics
- Why Is GNG Electronics Raising Funds?
- What Makes GNG Electronics Special?
- What Do Brokers and Analysts Say?
- How to Apply for the GNG Electronics IPO?
- How to Check Allotment Status?
- Risks to Keep in Mind
- FAQs on GNG Electronics IPO
- Final Thoughts
- Related Posts
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GNG Electronics IPO Opens Strong: What Investors Need to Know
The GNG Electronics IPO opened on July 23, 2025, and is already drawing a lot of attention. Known for its refurbished laptops and desktops, the company operates under the brand Electronics Bazaar. With a strong financial background and a growing global footprint, GNG Electronics is aiming to raise around ₹460.43 crore through this public issue.
Let’s take a simple look at the key details of the GNG Electronics IPO, including its timeline, financials, objectives, and whether it’s a good opportunity for investors.
GNG Electronics IPO Key Details
| IPO Event | Date/Detail |
|---|---|
| IPO Opening Date | July 23, 2025 |
| IPO Closing Date | July 25, 2025 |
| Allotment Finalization | July 28, 2025 |
| Listing Date (Tentative) | July 30, 2025 (BSE and NSE) |
| Total Issue Size | ₹460.43 crore |
| Fresh Issue | ₹400 crore (1.69 crore shares) |
| Offer for Sale (OFS) | ₹60.44 crore (25.5 lakh shares) |
| Price Band | ₹225 to ₹237 per share |
| Face Value | ₹2 per share |
| Minimum Lot Size | 63 shares (₹14,931 for retail) |
Who Can Invest?
GNG Electronics IPO is open to different types of investors. Here’s how the shares are divided:
- Retail Investors – 35%
- Qualified Institutional Buyers (QIB) – 50%
- Non-Institutional Investors (NII) – 15%
Minimum Investment
Book-Running Lead Managers
These are the firms managing the IPO:
- Motilal Oswal Investment Advisors
- IIFL Capital Services
- JM Financial
Registrar: Bigshare Services Pvt Ltd
Anchor Investors: Already invested ₹138.13 crore on July 22, 2025, just before the IPO opened for the public.
GNG Electronics IPO Subscription Status (Day 1)
As of 1:20 PM on July 23, 2025, the IPO had a strong response:
| Category | Subscription (x) |
|---|---|
| Retail Investors | 5.3 times |
| Non-Institutional (NII) | 8.8 times |
| Qualified Institutional | 0.07 times |
| Overall | 4.5 times |
This shows high interest from retail and NII investors.
Grey Market Premium (GMP)
The Grey Market Premium (GMP) gives an idea of the listing price based on unofficial market trends.
- Estimated Listing Price: ₹237 + ₹105 = ₹342
- Potential Gain: Around 44.3%
Note: GMP is not official and can change. It’s only useful as an indicator.
About GNG Electronics
Company Background
GNG Electronics started in 2006 and is based in Mumbai. It operates as Electronics Bazaar and is India’s biggest name in refurbished laptops and desktops. It also ranks high among global players in refurbished ICT (Information and Communication Technology) devices.
What the Company Does
GNG offers a full solution—from collecting used devices to selling them again. Here’s a simple breakdown:
- Sourcing: Buys used IT equipment from brands and companies
- Refurbishing: Operates 5 facilities in Mumbai, Dallas (USA), and Sharjah (UAE)
- Sales Network: 4,154 touchpoints in 38 countries
- After-Sales Support: Includes warranties, home service, and return policies
- E-Waste Management: Handles recycling and disposal of electronics
Global Reach
GNG serves customers worldwide, including big names like Joy Systems Inc., HUBX LLC, and PhoenixRM Ltd. It also works with Indian companies like HP India, Vijay Sales, and Lenovo India.
As of March 31, 2025, the company had 1,194 employees.
Financial Performance of GNG Electronics
GNG has shown strong growth in both revenue and profits. Let’s look at some key numbers:
Revenue and Profit (in ₹ crore)
| Financial Year | Revenue | Profit After Tax (PAT) |
|---|---|---|
| FY24 | 1,138.1 | 52.31 |
| FY25 | 1,420.4 | 69.03 |
| H1 FY25 | 608 | 35.2 |
Growth Rate (CAGR from FY23 to FY25)
- Revenue Growth (CAGR): 46%
- EBITDA Growth (CAGR): 58%
- PAT Growth (CAGR): 46%
Other Key Metrics (at ₹237 per share)
- Market Cap: ~₹2,702 crore
- P/E Ratio:
- FY24: 51.63
- FY25 (Annualized): 39.17
- EBITDA Margin: 36.8%
- Return on Net Worth (RoNW): 20.8%
Compared to Newjaisa Technologies, its only listed peer, GNG has a larger size and stronger numbers.
Why Is GNG Electronics Raising Funds?
The company plans to use the IPO money mainly for the following:
| Purpose | Amount (₹ crore) |
|---|---|
| Repaying Debt | 320 |
| Working Capital (daily business) | – |
| General Corporate Use | – |
Note: The Offer for Sale (OFS) by promoters like Sharad Khandelwal, Vidhi Khandelwal, and others is only for their personal liquidity. That money won’t go to the company.
What Makes GNG Electronics Special?
Here are a few reasons why investors are showing interest:
1. Market Leadership
GNG is the top player in India’s refurbished laptop and desktop segment. It has a presence in 38 countries.
2. Full Value Chain
From getting used devices to refurbishing and after-sales service, GNG handles it all in-house.
3. Focus on Sustainability
The company supports e-waste management and follows green practices. It’s also a Microsoft-authorized refurbisher.
4. Growing Demand
More people are buying affordable tech. This trend helps GNG’s business model.
5. Limited Competition
Apart from Newjaisa, there are no major listed competitors. GNG’s size and reach give it an edge.
What Do Brokers and Analysts Say?
Bajaj Broking
They like GNG’s growth story. Strong numbers and a reasonable valuation at P/E of 39x make it attractive.
City Equity (via X/Twitter)
Recommends investing fully for listing gains, citing solid profit and revenue growth.
General Outlook
Most reviews are positive, but experts advise reading the Red Herring Prospectus (RHP) before applying.
How to Apply for the GNG Electronics IPO?
Through ASBA (Online via Bank or UPI):
- Login to your net banking or UPI-enabled app
- Select “IPO” section
- Choose GNG Electronics IPO
- Fill in lot size and price
- Submit and confirm the UPI mandate
Using Zerodha:
- Go to Zerodha Console
- Select GNG Electronics IPO
- Enter UPI ID, quantity, and price
- Click Submit and approve the mandate
How to Check Allotment Status?
Once the allotment is done (likely by July 28, 2025), you can check the status on the Bigshare Services website:
👉 https://ipo.bigshareonline.com/IPO_Status.html
Risks to Keep in Mind
Before investing, here are some risks you should know:
1. Low Profit Margins
Refurbishment business often works on thin profit margins.
2. Global Supply Chain
Any disruption in logistics could hurt deliveries and cost structure.
3. Cash Flow Pressure
The company needs regular funds to run and expand operations.
4. Market Volatility
Listing gains are not guaranteed. GMP can change suddenly.
FAQs on GNG Electronics IPO
Q1: What is the GNG Electronics IPO price band?
₹225 to ₹237 per share.
Q2: What is the minimum investment for retail investors?
₹14,931 for 63 shares (at the upper price band).
Q3: When will the shares be listed?
Tentatively on July 30, 2025, on BSE and NSE.
Q4: What is the GMP as of July 23?
₹105 per share, indicating a 44.3% expected gain.
Q5: Is GNG Electronics profitable?
Yes. It reported a 32% YoY rise in profits for FY25.
Final Thoughts
The GNG Electronics IPO is attracting strong interest from investors, especially in retail and NII categories. With a clear market lead, solid financials, and a growing global footprint, GNG is well-positioned for future growth.
However, it’s important to be aware of the risks. Always check the company’s Red Herring Prospectus and, if needed, consult a financial expert before investing.
Disclaimer: Investing in IPOs carries risks. Please read the official documents and consult your financial advisor before making any investment decisions.
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I’m Rahul Chaudhary, and I write about everything related to the Share Market. From Stock Trends and Share Prices to the Latest News and IPO Updates, my articles aim to provide you with valuable insights to help you navigate the world of investing. Stay tuned for expert tips and updates to keep you informed!
