GNG Electronics IPO vs M&B Engineering IPO

Comparison between GNG Electronics IPO and M&B Engineering IPO.

IPO Details

GNG Electronics IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while M&B Engineering 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 M&B Engineering IPO is up to ₹650.00 Cr. The final issue price of GNG Electronics IPO is ₹237.00 per share and of M&B Engineering IPO is ₹385.00 per share.

 GNG Electronics IPOM&B Engineering IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹225.00 per share₹366.00 per share
Issue Price (Upper)₹237.00 per share₹385.00 per share
Issue Price (Final)₹237.00 per share₹385.00 per share
Discount (Retail)
Discount (Employee)₹36.00 per share
Market Lot Size63 shares38 shares
Fresh Issue Size1,68,77,637 shares71,48,215 shares
Fresh Issue Size (Amount)up to ₹400.00 Crup to ₹275.12 Cr
OFS Issue Size25,50,000 shares97,40,259 shares
OFS Issue Size (Amount)up to ₹60.44 Crup to ₹374.88 Cr
Issue Size Total1,94,27,637 shares1,68,88,474 shares
Issue Size Total (Amount)up to ₹460.43 Crup to ₹650.00 Cr

IPO Timetable

GNG Electronics IPO opens on Jul 23, 2025, while M&B Engineering IPO opens on Jul 30, 2025. The closing date of GNG Electronics IPO and M&B Engineering IPO is Jul 25, 2025, and Aug 01, 2025, respectively.

 GNG Electronics IPOM&B Engineering IPO
Anchor Bid DateJul 22, 2025Jul 29, 2025
Issue OpenJul 23, 2025Jul 30, 2025
Issue CloseJul 25, 2025Aug 01, 2025
Basis Of Allotment (Tentative)Jul 28, 2025Aug 04, 2025
Initiation of Refunds (Tentative)Jul 29, 2025Aug 05, 2025
Credit of Share (Tentative)Jul 29, 2025Aug 05, 2025
Listing date (Tentative)Jul 30, 2025Aug 06, 2025
Anchor Lockin End date 1Aug 26, 2025Sep 02, 2025
Anchor Lockin End date 2Oct 25, 2025Nov 01, 2025

Financials & KPIs

GNG Electronics IPO P/E ratio is 33.35, as compared to M&B Engineering IPO P/E ratio of 24.98.

 GNG Electronics IPOM&B Engineering 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)

M&B Engineering Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 69% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets849.21633.11558.79
Total Income996.89808.26889.00
Profit After Tax77.0545.6332.89
EBITDA126.3879.6266.43
NET Worth306.53233.03180.51
Reserves and Surplus256.53183.03160.51
Total Borrowing186.13204.84148.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.01100
Promoter Shareholding (Post-Issue)78.7170.45
P/E Ratio33.3524.98
Market Cap₹2702.07 Cr.₹2200.00 Cr.
ROE30.40%25.13%
ROCE17.31%24.80%
Debt/Equity1.950.33
EPS₹7.11₹15.41
RoNW30.40%25.14%

Shares Offered

In the GNG Electronics IPO Retail Individual Investors (RII) are offered 67,99,673 shares while in M&B Engineering IPO retail investors are offered 67,99,673 shares. Qualified Institutional Buyers (QIB) are offered 38,85,528 shares in GNG Electronics IPO and 50,49,351 shares in M&B Engineering IPO.

 GNG Electronics IPOM&B Engineering IPO
Anchor Investor Reservation58,28,290 shares75,74,026 shares
Market Maker Reservation0 shares0 shares
QIB38,85,528 shares50,49,351 shares
NII29,14,146 shares25,24,675 shares
RII67,99,673 shares16,83,116 shares
Employee0 shares57,306 shares
Others
Total1,94,27,637 shares1,68,88,474 shares

Bids Received (Subscription)

GNG Electronics IPO subscribed 150.21x in total, whereas M&B Engineering IPO subscribed 38.11x.

 GNG Electronics IPOM&B Engineering IPO
QIB (times)266.21x38.63x
NII (times)226.44x40.22x
Big NII (times)264.14x39.68x
Small NII (times)182.52x41.31x
RII (times)47.36x34.36x
Employee (times)8.59x
Other (times)
Total (times)150.21x38.11x

Compare with others

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GNG Electronics IPO Vs M&B Engineering IPO