Bookbuilding IPO | ₹460 Cr | Listed at BSE, NSE | Wed, Jul 23, 2025 - Fri, Jul 25, 2025
GNG Electronics IPO is a book build issue of ₹460.43 crores. The issue is a combination of fresh issue of 1.69 crore shares aggregating to ₹400.00 crores and offer for sale of 0.26 crore shares aggregating to ₹60.44 crores.
GNG Electronics IPO bidding started from Jul 23, 2025 and ended on Jul 25, 2025. The allotment for GNG Electronics IPO was finalized on Jul 28, 2025. The shares got listed on BSE, NSE on Jul 30, 2025.
GNG Electronics IPO price band is set at ₹237 per share. The lot size for an application is 63. The minimum amount of investment required by an retail is ₹14,931 (63 shares) (based on upper price). The lot size investment for sNII is 14 lots (882 shares), amounting to ₹2,09,034, and for bNII, it is 67 lots (4,221 shares), amounting to ₹10,00,377.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to GNG Electronics IPO RHP for detailed Information.
IPO Open
Wed, Jul 23, 2025
IPO Close
Fri, Jul 25, 2025
Issue Price
₹237 per share
Market Cap (Pre-IPO)
₹2,702.07 Cr
| IPO Date | 23 to 25 Jul, 2025 |
| Listed on | Wed, Jul 30, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹225 to ₹237 |
| Issue Price | ₹237 per share |
| Lot Size | 63 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,94,27,637 shares (agg. up to ₹460 Cr) |
| Fresh Issue | 1,68,77,637 shares (agg. up to ₹400 Cr) |
| Offer for Sale | 25,50,000 shares of ₹2 (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 9,71,33,880 shares |
| Share Holding Post Issue | 11,40,11,517 shares |
| BSE Script Code / NSE Symbol | 544455 / EBGNG |
| ISIN | INE18JU01028 |
GNG Electronics IPO offers total 1,94,27,637 shares. Out of which 97,13,818 (50.00%) allocated to QIB, 38,85,528 (20.00%) allocated to QIB (Ex- Anchor), 29,14,146 (15.00%) allocated to NII 67,99,673 (35.00%) allocated to RII and 58,28,290 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 97,13,818 (50.00%) | NA |
| − Anchor Investor Shares Offered | 58,28,290 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 38,85,528 (20.00%) | NA |
| NII (HNI) Shares Offered | 29,14,146 (15.00%) | NA |
| − bNII > ₹10L | 19,42,764 (10.00%) | 2,202 |
| − sNII < ₹10L | 9,71,382 (5.00%) | 1,101 |
| Retail Shares Offered | 67,99,673 (35.00%) | 1,07,931 |
| Total Shares Offered | 1,94,27,637 (100.00%) |
Investors can bid for a minimum of 63 shares and in multiples thereof.
| 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 |
GNG Electronics IPO raises ₹138.13 crore from anchor investors. GNG Electronics IPO Anchor bid date is July 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 22, 2025 |
| Shares Offered | 58,28,290 |
| Anchor Portion (₹ Cr.) | 138.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Aug 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Oct 25, 2025 |
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.
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 719.46 | 585.82 | 285.50 |
| Total Income | 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 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 46.42 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 30.40% |
| ROCE | 17.31% |
| Debt/Equity | 1.95 |
| RoNW | 30.40% |
| PAT Margin | 4.89% |
| EBITDA Margin | 8.94% |
| Price to Book Value | 10.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.11 | 6.05 |
| P/E (x) | 33.35 | 39.14 |
| Promoter Holding | 95.01% | 78.71% |
| Market Cap | ₹2,702.07 Cr. |
The GNG Electronics IPO is subscribed 150.21 times on July 25, 2025 5:04:44 PM (Day 3). The public issue subscribed 47.36 times in the retail category, 266.21 times in the QIB category, and 226.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 266.21 | 40,24,755 | 1,07,14,35,582 |
| NII | 226.44 | 30,49,167 | 69,04,62,234 |
| bNII (bids above ₹10L) | 264.14 | 19,42,764 | 51,31,69,587 |
| sNII (bids below ₹10L) | 182.52 | 9,71,382 | 17,72,92,647 |
| Retail | 47.36 | 67,99,673 | 32,20,62,300 |
| Total | 150.21 | 1,38,73,595 | 2,08,39,60,116 |
Total Application : 42,13,842
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 9.39 |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Issue and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for the members of the Syndicate, Registered Brokers, RTAs and CDP§(2)(3)(4)(5)(6) | 2.44 |
| 3 | Fees payable to Registrar to the Offer | 1.53 |
| 4 | Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses | 8.13 |
| 5 | Printing and stationery expenses | 3.18 |
| 6 | Advertising and marketing expenses | 2.94 |
| 7 | Fees payable to the legal counsels to the Offer | 4.36 |
| 8 | Fees payable to the Statutory Auditors | 0.71 |
| 9 | Miscellaneous | 5.90 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹237.00 | ₹237.00 |
| Open | ₹350.00 | ₹355.00 |
| Low | ₹325.35 | ₹325.55 |
| High | ₹364.00 | ₹359.40 |
| Last Trade | ₹333.50 | ₹333.39 |
GNG Electronics IPO is a main-board IPO of 1,94,27,637 equity shares of the face value of ₹2 aggregating up to ₹460 Crores. The issue is priced at ₹237 per share. The minimum order quantity is 63.
The IPO opens on Wed, Jul 23, 2025, and closes on Fri, Jul 25, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in GNG Electronics IPO using UPI as a payment gateway. Zerodha customers can apply in GNG Electronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GNG Electronics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GNG Electronics IPO opens on Wed, Jul 23, 2025 and closes on Fri, Jul 25, 2025.
GNG Electronics IPO lot size is 63, and the minimum amount required for application is ₹14,931.
You can apply in GNG Electronics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GNG Electronics IPO will be done on Monday, July 28, 2025, and the allotted shares will be credited to your demat account by Tue, Jul 29, 2025. Check the GNG Electronics IPO allotment status.
The GNG Electronics IPO listing date is on Wed, Jul 30, 2025.
