GNG Electronics IPO is a book-building issue of around ₹460.43 crores. Out of this, the company will raise approximately ₹400 crores through fresh issue of 1.69 crore shares, and the rest ₹60.44 crores is from offer for sale (OFS) of 25.5 lakh shares.
The IPO will open on July 23, 2025, and close on July 25, 2025. The shares will be listed on BSE and NSE with the tentative listing date being July 30, 2025. The basis of allotment will be finalized on July 28, 2025.
The price band is fixed between ₹225 to ₹237 per share. The lot size for retail investors is 63 shares, which means a minimum investment of ₹14,175. For sNII investors, 14 lots (882 shares) will cost around ₹2,09,034, and for bNII investors, 67 lots (4,221 shares) will require around ₹10,00,377. The retail quota is 35%, QIB quota is 50%, and NII quota is 15%.
As per company financials, GNG Electronics reported revenue of ₹1,420.37 crores in FY2025 compared to ₹1,143.80 crores in FY2024. Profit after tax increased to ₹69.03 crores in FY2025 from ₹52.31 crores in FY2024. Looking at the financial performance, this IPO seems suitable for investors who are looking at it from a long-term perspective.
About GNG Electronics IPO
GNG Electronics Limited, established in 2006, is a company that provides refurbishing services for laptops, desktops, and ICT devices both in India and international markets like the USA, Europe, Africa, and UAE.
The company operates under its well-known brand “Electronics Bazaar”, offering complete solutions from sourcing, refurbishing, sales to after-sales service, along with warranty support.
Apart from this, GNG Electronics also provides value-added services like IT asset disposal (ITAD), e-waste management, warranties, doorstep services, on-site installation, easy payment options, upgrade programs, assured buyback plans, and buyback offers specifically for refurbished ICT devices.
The company also offers customized buyback solutions for laptops and desktops to big retail chains like Vijay Sales and popular OEM brand stores like HP and Lenovo, helping them run smooth and customer-friendly exchange and upgrade programs.
As of March 31, 2025, GNG Electronics has built a strong sales network in 38 countries and operates through 4,154 touchpoints across India and abroad. The company’s workforce stands at 1,194 employees as of the same date.
GNG Electronics IPO Overview
| Particulars | Details |
| Face Value | ₹2 per Equity Share |
| Price Band | ₹225 to ₹237 per Share |
| Lot Size (Minimum) | 63 Shares |
| Issue Type | Book Building IPO |
| Sale Type | Fresh Issue + Offer for Sale |
| Total Issue Size | 1,94,27,637 Shares (Approx ₹460.43 Cr) |
| Fresh Issue Size | 1,68,77,637 Shares (Approx ₹400 Cr) |
| Offer for Sale (OFS) | 25,50,000 Shares (Approx ₹60.44 Cr) |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| Pre-Issue Shareholding | 9,71,33,880 Shares |
| Post-Issue Shareholding | 11,40,11,517 Shares |
| Listing Exchange | BSE, NSE |
GNG Electronics IPO Prospectus
GNG Electronics IPO Dates
| Event | Date & Day |
| IPO Open Date | July 23, 2025 (Wednesday) |
| IPO Close Date | July 25, 2025 (Friday) |
| Basis of Allotment | July 28, 2025 (Monday) |
| Refunds Initiation | July 29, 2025 (Tuesday) |
| Credit to Demat | July 29, 2025 (Tuesday) |
| IPO Listing Date | July 30, 2025 (Wednesday) |
GNG Electronics IPO Lot Size
| Category | Lots | Shares | Approx Investment (₹) |
| Retail (Minimum) | 1 | 63 | ₹14,931 |
| Retail (Maximum) | 13 | 819 | ₹1,94,103 |
| sNII (Minimum) | 14 | 882 | ₹2,09,034 |
| sNII (Maximum) | 66 | 4,158 | ₹9,85,446 |
| bNII (Minimum) | 67 | 4,221 | ₹10,00,377 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Newjaisa Technologies Limited | (0.32) | NA | (1.45) | 22.09 | 66.45 Cr. |
GNG Electronics IPO Promoter Holding
The promoters of GNG Electronics Limited are Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited, and Kay Kay Overseas Corporation.
Before the IPO, the promoter holding stands at 95.01%. After the IPO, the promoter shareholding will be reduced as per the expanded capital structure.
Objects of the Issue
- Prepayment and/or repayment (full or partial) of certain outstanding borrowings of the Company and its Material Subsidiary, Electronics Bazaar FZC.
- Funding working capital requirements of the Company.
- General corporate purposes.
GNG Electronics IPO Financial Performance
| Particulars | 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 & Surplus | 176.61 | 132.68 | 81.13 |
| Total Borrowing | 446.92 | 322.33 | 152.02 |
GNG Electronics IPO GMP
GNG Electronics IPO Valuation Highlights – FY2025
Here are the key valuation metrics of GNG Electronics Ltd. for FY2025, giving investors a clear view of its financial strength and profitability. The company reports a solid Return on Equity (ROE) and Return on Net Worth (RoNW), indicating efficient use of shareholder capital.
| KPI | Value |
| Return on Equity (ROE) | 30.40% |
| Return on Capital Employed (ROCE) | 17.31% |
| EBITDA Margin | 8.94% |
| PAT Margin | 4.89% |
| Debt-to-Equity Ratio | 1.92 |
| Earnings Per Share (EPS) | ₹7.09 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 30.40% |
| Net Asset Value (NAV) | ₹23.31 |
GNG Electronics IPO Review
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GNG Electronics IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- IIFL Capital Services Limited
- JM Financial Limited
Company Address
GNG Electronics Ltd.
Unit No. 415, Hubtown Solaris,
N.S. Phadke Marg,
Andheri (East),
Mumbai, Maharashtra, 400069
Phone: +91 22 3123 658
Email: compliance@electronicsbazaar.com
Website: https://www.electronicsbazaar.com/
GNG Electronics IPO FAQs
What are the GNG Electronics IPO open and close dates?
The IPO opens on July 23, 2025, and closes on July 25, 2025.
What is the GNG Electronics IPO price band?
The price band is fixed between ₹225 to ₹237 per share.
What is the minimum lot size and investment for retail investors in GNG Electronics IPO?
The minimum lot size is 63 shares, requiring an investment of approximately ₹14,931.
What is the issue size of GNG Electronics IPO?
The total issue size is approximately ₹460.43 crores, comprising a fresh issue of ₹400 crores and an offer for sale (OFS) of ₹60.44 crores.
On which exchanges will GNG Electronics IPO be listed?
The IPO will be listed on both BSE and NSE.
Who are the promoters of GNG Electronics Ltd.?
The promoters are Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited, and Kay Kay Overseas Corporation.
