GNG Electronics IPO vs Greaves Electric Mobility IPO

Comparison between GNG Electronics IPO and Greaves Electric Mobility IPO.

IPO Details

GNG Electronics IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Greaves Electric Mobility IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of GNG Electronics IPO is up to ₹460.43 Cr whereas the issue size of the Greaves Electric Mobility IPO is up to ₹0.00 Cr. The final issue price of GNG Electronics IPO is ₹237.00 per share and of Greaves Electric Mobility IPO is .

 GNG Electronics IPOGreaves Electric Mobility IPO
Face Value₹2 per share₹1 per share
Issue Price (Lower)₹225.00 per share
Issue Price (Upper)₹237.00 per share
Issue Price (Final)₹237.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size63 shares
Fresh Issue Size1,68,77,637 shares0 shares
Fresh Issue Size (Amount)up to ₹400.00 Crup to ₹1,000.00 Cr
OFS Issue Size25,50,000 shares18,93,98,200 shares
OFS Issue Size (Amount)up to ₹60.44 Crup to ₹0.00 Cr
Issue Size Total1,94,27,637 shares0 shares
Issue Size Total (Amount)up to ₹460.43 Crup to ₹0.00 Cr

IPO Timetable

GNG Electronics IPO opens on Jul 23, 2025, while Greaves Electric Mobility IPO opens on . The closing date of GNG Electronics IPO and Greaves Electric Mobility IPO is Jul 25, 2025, and , respectively.

Financials & KPIs

GNG Electronics IPO P/E ratio is 33.35, as compared to Greaves Electric Mobility IPO P/E ratio of .

 GNG Electronics IPOGreaves Electric Mobility IPO
Financials

Company Financials (Restated Consolidated)

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 Ended31 Mar 202531 Mar 202431 Mar 2023
Assets719.46585.82285.50
Total Income1,420.371,143.80662.79
Profit After Tax69.0352.3132.43
EBITDA126.1484.9050.04
NET Worth226.46163.14111.60
Reserves and Surplus176.61132.6881.13
Total Borrowing446.92322.33152.02
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets758.86718.271,370.24396.39
Total Income312.75641.311,156.45521.37
Profit After Tax-106.15-691.57-19.91-45.38
NET Worth386.79412.071,084.81-43.01
Reserves and Surplus363.22392.541,065.4555.51
Total Borrowing47.6046.763.39232.56
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.0162.48
Promoter Shareholding (Post-Issue)78.71
P/E Ratio33.35
Market Cap₹2702.07 Cr.
ROE30.40%
ROCE17.31%
Debt/Equity1.95
EPS₹7.11
RoNW30.40%-165.16%

Shares Offered

In the GNG Electronics IPO Retail Individual Investors (RII) are offered 67,99,673 shares while in Greaves Electric Mobility IPO retail investors are offered 67,99,673 shares. Qualified Institutional Buyers (QIB) are offered 38,85,528 shares in GNG Electronics IPO and 0 shares in Greaves Electric Mobility IPO.

 GNG Electronics IPOGreaves Electric Mobility IPO
Anchor Investor Reservation58,28,290 shares
Market Maker Reservation0 shares0 shares
QIB38,85,528 shares0 shares
NII29,14,146 shares0 shares
RII67,99,673 shares0 shares
Employee0 shares0 shares
Others
Total1,94,27,637 shares0 shares

Bids Received (Subscription)

GNG Electronics IPO subscribed 150.21x in total, whereas Greaves Electric Mobility IPO subscribed .

 GNG Electronics IPOGreaves Electric Mobility IPO
QIB (times)266.21x
NII (times)226.44x
Big NII (times)264.14x
Small NII (times)182.52x
RII (times)47.36x
Employee (times)
Other (times)
Total (times)150.21x

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