GNG Electronics IPO vs Seshaasai Technologies IPO

Comparison between GNG Electronics IPO and Seshaasai Technologies IPO.

IPO Details

GNG Electronics IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Seshaasai Technologies 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 Seshaasai Technologies IPO is up to ₹813.28 Cr. The final issue price of GNG Electronics IPO is ₹237.00 per share and of Seshaasai Technologies IPO is ₹423.00 per share.

 GNG Electronics IPOSeshaasai Technologies IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹225.00 per share₹402.00 per share
Issue Price (Upper)₹237.00 per share₹423.00 per share
Issue Price (Final)₹237.00 per share₹423.00 per share
Discount (Retail)
Discount (Employee)₹40.00 per share
Market Lot Size63 shares35 shares
Fresh Issue Size1,68,77,637 shares1,13,52,526 shares
Fresh Issue Size (Amount)up to ₹400.00 Crup to ₹480.21 Cr
OFS Issue Size25,50,000 shares78,74,015 shares
OFS Issue Size (Amount)up to ₹60.44 Crup to ₹333.07 Cr
Issue Size Total1,94,27,637 shares1,92,26,541 shares
Issue Size Total (Amount)up to ₹460.43 Crup to ₹813.28 Cr

IPO Timetable

GNG Electronics IPO opens on Jul 23, 2025, while Seshaasai Technologies IPO opens on Sep 23, 2025. The closing date of GNG Electronics IPO and Seshaasai Technologies IPO is Jul 25, 2025, and Sep 25, 2025, respectively.

 GNG Electronics IPOSeshaasai Technologies IPO
Anchor Bid DateJul 22, 2025Sep 22, 2025
Issue OpenJul 23, 2025Sep 23, 2025
Issue CloseJul 25, 2025Sep 25, 2025
Basis Of Allotment (Tentative)Jul 28, 2025Sep 26, 2025
Initiation of Refunds (Tentative)Jul 29, 2025Sep 29, 2025
Credit of Share (Tentative)Jul 29, 2025Sep 29, 2025
Listing date (Tentative)Jul 30, 2025Sep 30, 2025
Anchor Lockin End date 1Aug 26, 2025Oct 25, 2025
Anchor Lockin End date 2Oct 25, 2025Dec 24, 2025

Financials & KPIs

GNG Electronics IPO P/E ratio is 33.35, as compared to Seshaasai Technologies IPO P/E ratio of 28.63.

 GNG Electronics IPOSeshaasai Technologies 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)

Seshaasai Technologies Ltd.'s revenue decreased by 6% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets1,160.39958.41782.54
Total Income1,473.621,569.671,153.84
Profit After Tax222.32169.28108.10
EBITDA370.37303.01207.43
NET Worth669.67465.58321.64
Reserves and Surplus490.52286.43201.29
Total Borrowing378.68350.24311.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.0193.21
Promoter Shareholding (Post-Issue)78.7181.8
P/E Ratio33.3528.63
Market Cap₹2702.07 Cr.₹6844.18 Cr.
ROE30.40%34.84%
ROCE17.31%31.87%
Debt/Equity1.950.37
EPS₹7.11₹14.78
RoNW30.40%33.20%

Shares Offered

In the GNG Electronics IPO Retail Individual Investors (RII) are offered 67,99,673 shares while in Seshaasai Technologies IPO retail investors are offered 67,99,673 shares. Qualified Institutional Buyers (QIB) are offered 38,85,528 shares in GNG Electronics IPO and 38,34,864 shares in Seshaasai Technologies IPO.

 GNG Electronics IPOSeshaasai Technologies IPO
Anchor Investor Reservation58,28,290 shares57,52,296 shares
Market Maker Reservation0 shares0 shares
QIB38,85,528 shares38,34,864 shares
NII29,14,146 shares28,76,149 shares
RII67,99,673 shares67,11,013 shares
Employee0 shares52,219 shares
Others
Total1,94,27,637 shares1,92,26,541 shares

Bids Received (Subscription)

GNG Electronics IPO subscribed 150.21x in total, whereas Seshaasai Technologies IPO subscribed 69.64x.

 GNG Electronics IPOSeshaasai Technologies IPO
QIB (times)266.21x189.49x
NII (times)226.44x51.43x
Big NII (times)264.14x54.40x
Small NII (times)182.52x45.49x
RII (times)47.36x9.46x
Employee (times)9.50x
Other (times)
Total (times)150.21x69.64x

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GNG Electronics IPO Vs Seshaasai Technologies IPO