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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 ₹237.00 per share . The lot size for an application is 63. The minimum amount of investment required by an retail is ₹14,175 (63 shares). 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 Date | July 23, 2025 to July 25, 2025 |
| Listing Date | July 30, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹225 to ₹237 per share |
| Issue Price Final | ₹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 |
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 | Maximum 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%) |
GNG Electronics IPO raises ₹138.13 crore from anchor investors. GNG Electronics IPO Anchor bid date is July 22, 2025. GNG Electronics IPO Anchor Investors list
| Bid Date | July 22, 2025 |
| Shares Offered | 58,28,290 |
| Anchor Portion Size (In Cr.) | 138.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 25, 2025 |
GNG Electronics IPO opens on July 23, 2025, and closes 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 Fri, Jul 25, 2025 |
Investors can bid for a minimum of 63 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of GNG Electronics IPO is ₹2702.07 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 7.11 | 6.05 |
| P/E (x) | 33.35 | 39.14 |
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 | 46.42 |
[Dilip Davda] GEL is numero uno Indian player for refurbished IT devices and provides related services globally. It is most preferred partner for giant companies in IT hardware. The company marked steady growth in its top and bottom lines for the reported periods. Based on recent financial data, the issue appears fully priced. It may attract first mover fancy in the segment. Well-informed investors can grab it for medium to long term. Read detail review...
| Listing Date | July 30, 2025 |
| BSE Script Code | 544455 |
| NSE Symbol | EBGNG |
| ISIN | INE18JU01028 |
| Final Issue Price | ₹237 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
GNG Electronics Ltd.
Unit No. 415, Hubtown Solaris,
N.S. Phadke Marg,
Andheri (East),
Mumbai, Maharashtra, 400069
Phone: +91 22 3123 658
Email: compliance@electronicsbazaar.com
Website: https://www.electronicsbazaar.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
GNG Electronics IPO is a main-board IPO of 1,94,27,637 equity shares of the face value of ₹2 aggregating up to ₹460.43 Crores. The issue is priced at ₹237 per share. The minimum order quantity is 63.
The IPO opens on July 23, 2025, and closes on July 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 July 23, 2025 and closes on July 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 Tuesday, July 29, 2025. Check the GNG Electronics IPO allotment status.
The GNG Electronics IPO listing date is on Wednesday, July 30, 2025.
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