GNG Electronics IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 23 to Jul 25 2025
Price Band
₹237
Current GMP
₹355.0(+49.79%)
Subscription
150.21 times
IPO Details
| IPO Date | July 23, 2025 to July 25, 2025 |
| Listing Date | July 30, 2025 |
| Face Value | ₹2 per share |
| Issue Price | ₹237 per share |
| Lot Size | 63 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,94,27,637 shares (aggregating up to ₹460.43 Cr) |
| Fresh Issue | 1,68,77,637 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 25,50,000 shares of ₹2 (aggregating up to ₹60.44 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,71,33,880 shares |
| Share Holding Post Issue | 11,40,11,517 shares |
IPO Date
July 23, 2025 to July 25, 2025
Listing Date
July 30, 2025
Face Value
₹2 per share
Issue Price
₹237 per share
Lot Size
63 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
1,94,27,637 shares (aggregating up to ₹460.43 Cr)
Fresh Issue
1,68,77,637 shares (aggregating up to ₹400.00 Cr)
Offer for Sale
25,50,000 shares of ₹2 (aggregating up to ₹60.44 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
9,71,33,880 shares
Share Holding Post Issue
11,40,11,517 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 266.21 |
| Non-Institutional Buyers | 226.44 |
| bNII (bids above ₹10L) | 264.14 |
| sNII (bids below ₹10L) | 182.52 |
| Retail Investors | 47.36 |
| Total ** | 150.21 |
Anchor Investors
1
Qualified Institutions
266.21
Non-Institutional Buyers
226.44
bNII (bids above ₹10L)
264.14
sNII (bids below ₹10L)
182.52
Retail Investors
47.36
Total **
150.21
Day Wise Sub
| Day | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Jul 23, 2025 | 1.68 | 18.86 | 18.28 | 22.63 | 9.31 | 9.20 |
| Day 2 Jul 24, 2025 | 2.21 | 68.70 | 71.60 | 72.44 | 24.09 | 27.55 |
| Day 3 Jul 25, 2025 | 266.21 | 226.44 | 264.14 | 182.52 | 47.36 | 150.21 |
DayDay 1
Jul 23, 2025
QIB1.68
NII18.86
NII (> ₹10L)18.28
NII (< ₹10L)22.63
Retail9.31
Total9.20
DayDay 2
Jul 24, 2025
QIB2.21
NII68.70
NII (> ₹10L)71.60
NII (< ₹10L)72.44
Retail24.09
Total27.55
DayDay 3
Jul 25, 2025
QIB266.21
NII226.44
NII (> ₹10L)264.14
NII (< ₹10L)182.52
Retail47.36
Total150.21
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-07-2025 | 237.00 | 85(35.86%) | 322 |
| 29-07-2025 | 237.00 | 90(37.97%) | 327 |
| 28-07-2025 | 237.00 | 94(39.66%) | 331 |
| 27-07-2025 | 237.00 | 94(39.66%) | 331 |
| 26-07-2025 | 237.00 | 94(39.66%) | 331 |
| 25-07-2025 | 237.00 | 100(42.19%) | 337 |
| 24-07-2025 | 237.00 | 100(42.19%) | 337 |
| 23-07-2025 | 237.00 | 100(42.19%) | 337 |
| 22-07-2025 | 237.00 | 105(44.30%) | 342 |
| 21-07-2025 | 237.00 | 85(35.86%) | 322 |
| 20-07-2025 | 237.00 | 77(32.49%) | 314 |
| 19-07-2025 | 237.00 | 72(30.38%) | 309 |
| 18-07-2025 | 237.00 | 71(29.96%) | 308 |
Date30-07-2025
Price237.00
GMP85(35.86%)
Estimate List Price322
Date29-07-2025
Price237.00
GMP90(37.97%)
Estimate List Price327
Date28-07-2025
Price237.00
GMP94(39.66%)
Estimate List Price331
Date27-07-2025
Price237.00
GMP94(39.66%)
Estimate List Price331
Date26-07-2025
Price237.00
GMP94(39.66%)
Estimate List Price331
Date25-07-2025
Price237.00
GMP100(42.19%)
Estimate List Price337
Date24-07-2025
Price237.00
GMP100(42.19%)
Estimate List Price337
Date23-07-2025
Price237.00
GMP100(42.19%)
Estimate List Price337
Date22-07-2025
Price237.00
GMP105(44.30%)
Estimate List Price342
Date21-07-2025
Price237.00
GMP85(35.86%)
Estimate List Price322
Date20-07-2025
Price237.00
GMP77(32.49%)
Estimate List Price314
Date19-07-2025
Price237.00
GMP72(30.38%)
Estimate List Price309
Date18-07-2025
Price237.00
GMP71(29.96%)
Estimate List Price308
IPO Important Dates
| IPO Open Date | Wed, Jul 23, 2025 |
| IPO Close Date | Fri, Jul 25, 2025 |
| Tentative Allotment | Mon, Jul 28, 2025 |
| Initiation of Refunds | Tue, Jul 29, 2025 |
| Credit of Shares to Demat | Tue, Jul 29, 2025 |
| Tentative Listing Date | Wed, Jul 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2025 |
IPO Open Date
Wed, Jul 23, 2025
IPO Close Date
Fri, Jul 25, 2025
Tentative Allotment
Mon, Jul 28, 2025
Initiation of Refunds
Tue, Jul 29, 2025
Credit of Shares to Demat
Tue, Jul 29, 2025
Tentative Listing Date
Wed, Jul 30, 2025
Cut-off time for UPI mandate confirmation
5 PM on July 25, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | ₹14,931 |
| Retail (Max) | 13 | 819 | ₹1,94,103 |
| S-HNI (Min) | 14 | 882 | ₹2,09,034 |
| S-HNI (Max) | 66 | 4,158 | ₹9,85,446 |
| B-HNI (Min) | 67 | 4,221 | ₹10,00,377 |
ApplicationRetail (Min)
Lots1
Shares63
Amount₹14,931
ApplicationRetail (Max)
Lots13
Shares819
Amount₹1,94,103
ApplicationS-HNI (Min)
Lots14
Shares882
Amount₹2,09,034
ApplicationS-HNI (Max)
Lots66
Shares4,158
Amount₹9,85,446
ApplicationB-HNI (Min)
Lots67
Shares4,221
Amount₹10,00,377
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025719.46
31 Mar 2024585.82
31 Mar 2023285.50
Period EndedRevenue
31 Mar 20251,420.37
31 Mar 20241,143.80
31 Mar 2023662.79
Period EndedProfit After Tax
31 Mar 202569.03
31 Mar 202452.31
31 Mar 202332.43
Period EndedEBITDA
31 Mar 2025126.14
31 Mar 202484.90
31 Mar 202350.04
Period EndedNet Worth
31 Mar 2025226.46
31 Mar 2024163.14
31 Mar 2023111.60
Period EndedReserves and Surplus
31 Mar 2025176.61
31 Mar 2024132.68
31 Mar 202381.13
Period EndedTotal Borrowing
31 Mar 2025446.92
31 Mar 2024322.33
31 Mar 2023152.02
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| GNG Electronics Limited | 7.09 | 7.09 | 23.31 | 30.40 | ||
| Newjaisa Technologies Limited | -0.32 | -0.32 | 22.09 | 21.37 | -1.45 | 1.68 |
Company NameGNG Electronics Limited
EPS (Basic)7.09
EPS (Diluted)7.09
NAV (per share) (Rs)23.31
P/E (x)
RoNW (%)30.40
P/BV Ratio
Company NameNewjaisa Technologies Limited
EPS (Basic)-0.32
EPS (Diluted)-0.32
NAV (per share) (Rs)22.09
P/E (x)21.37
RoNW (%)-1.45
P/BV Ratio1.68
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 98,53,045 (50.01%) | NA |
| − Anchor Investor Shares Offered | 58,28,290 (29.58%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 40,24,755 (20.43%) | NA |
| NII (HNI) Shares Offered | 30,49,167 (15.48%) | NA |
| − bNII > ₹10L | 19,42,764 (9.86%) | 2,202 |
| − sNII < ₹10L | 9,71,382 (4.93%) | 1,101 |
| Retail Shares Offered | 67,99,673 (34.51%) | 1,07,931 |
| Total Shares Offered | 1,97,01,885 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered98,53,045 (50.01%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered58,28,290 (29.58%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered40,24,755 (20.43%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered30,49,167 (15.48%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered19,42,764 (9.86%)
Maximum Allottees2,202
Investor Category− sNII < ₹10L
Shares Offered9,71,382 (4.93%)
Maximum Allottees1,101
Investor CategoryRetail Shares Offered
Shares Offered67,99,673 (34.51%)
Maximum Allottees1,07,931
Investor CategoryTotal Shares Offered
Shares Offered1,97,01,885 (100.00%)
Maximum Allottees
Information about company
Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops and ICT Devices, both globally and in India. The company has a significant presence across India, USA, Europe, Africa and UAE.
The company operate under the brand “Electronics Bazaar”, offering sourcing to refurbishment to sales to after– sale services and providing warranty.
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.
GNG Electronics provides tailored buyback solutions for laptops and desktops to help large format retail stores such as Vijay Sales (India) Private Limited (“Vijay Sales”) and OEM brand stores such as HP India Sales Private Limited (“HP”) and Lenovo Global Technology (India) Private Limited (“Lenovo”) to run efficient, customer–friendly buyback programs facilitating sale of new devices.
The company have a sales network with the refurbished ICT Devices being sold in 38 countries as of March 31, 2025. GNG Electronics sales network comprises 4,154 touchpoints in India and globally, as of March 31, 2025.
As of March 31, 2025., The company had 1,194 employees.
Objectives of IPO
The Company GNG Electronics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
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
Disclaimer
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