GNG Electronics IPO
IPO Listing Details
- Listing Date
30 Jul 2025
- Listing Price
₹350.00
- Listing Change
47.68%
- Last Traded Price
₹345.50
GNG Electronics IPO Details
-
Open Date
23 Jul 2025
-
Close Date
25 Jul 2025
-
Listing Date
29 Jul 2025
- IPO Price Range
₹ 225 to ₹237
- IPO Size
₹ 460.43 Cr
- Listing Exchange
BSE, NSE
GNG Electronics IPO Timeline
GNG Electronics IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Jul-25 | 1.68 | 18.86 | 9.31 | 9.20 |
| 24-Jul-25 | 2.21 | 68.70 | 24.09 | 27.55 |
| 25-Jul-25 | 266.21 | 226.44 | 47.36 | 150.21 |
Last Updated: 29 September 2025 5:03 PM by 5paisa
GNG Electronics Limited is set to release its IPO on July 23, 2025. Incorporated in 2006, the company specialises in refurbishing laptops, desktops, and ICT devices globally and within India. The promoters include Sharad Khandelwal, Vidhi, Sharad Khandelwal, Amiable Electronics Private Limited, and Kay Kay Overseas Corporation.
Operating under the brand "Electronics Bazaar", the company delivers end-to-end solutions – from sourcing and refurbishing to sales and after-sales support. It also provides IT asset disposition (ITAD), e-waste management, doorstep service, buyback programmes, and other value-added services.
GNG has a global reach, with its refurbished ICT products sold across 38 countries and 4,154 touchpoints as of March 31, 2025. The company had 1,194 employees on the same date.
Established in: 2006
MD: Sharad Khandelwal
Peers
Newjaisa Technologies Limited
GNG Electronics Objectives
The company plans to utilise the net IPO proceeds towards:
Business expansion and working capital requirements
Strengthening the refurbishing and resale ecosystem
General corporate purposes
GNG Electronics IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹460.43 Cr |
| Fresh Issue | ₹400.00 Cr |
| Offer for Sale | ₹60.44 Cr |
GNG Electronics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | ₹14,175 |
| Retail (Max) | 13 | 819 | ₹1,84,275 |
| S-HNI (Min) | 14 | 882 | ₹1,98,450 |
| S-HNI (Max) | 66 | 4,158 | ₹9,35,550 |
| B-HNI (Min) | 67 | 4,221 | ₹9,49,725 |
GNG Electronics IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 266.21 | 40,24,755 | 1,07,14,35,582 | 25,393.02 |
| NII (HNI) | 226.44 | 30,49,167 | 69,04,62,234 | 16,363.95 |
| bNII (bids above ₹10L) | 264.14 | 19,42,764 | 51,31,69,587 | 12,162.12 |
| sNII (bids below ₹10L) | 182.52 | 9,71,382 | 17,72,92,647 | 4,201.84 |
| Retail | 47.36 | 67,99,673 | 32,20,62,300 | 7,632.88 |
| Total** | 150.21 | 1,38,73,595 | 2,08,39,60,116 | 49,389.85 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
GNG Electronics IPO Anchor Allocation
| Anchor 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 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 23, 2025 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 662.79 | 1,143.80 | 1,420.37 |
| EBITDA | 50.04 | 84.90 | 288.97 |
| PAT | 32.43 | 52.31 | 69.03 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 285.50 | 585.82 | 719.46 |
| Share Capital | 0.04 | 0.04 | 19.43 |
| Total Borrowings | 328.93 | 428.24 | 122.13 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 24.96 | 97.46 | 24.53 |
| Net Cash Generated From / (used in) investing activities | -1.12 | -28.08 | 2.62 |
| Net Cash Generated From / (used in) financing activities | -17.56 | -28.90 | -34.26 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 6.28 | 40.48 | -7.12 |
Strengths
1. End-to-end ICT refurbishing solutions under a recognised brand
2. Expansive sales network across 38 countries
3. Growing client base, including leading OEMs and retail chains
4. Strong financial performance with consistent revenue and profit growth
Weaknesses
1. High dependence on imported hardware for refurbishing
2. Increasing borrowings may impact future financial flexibility
3. Revenue is heavily reliant on ICT hardware demand cycles
4. Limited physical presence in some global markets
Opportunities
1. Expansion in global refurbished ICT demand
2. Rising e-waste regulations support growth in ITAD services
3. Digital inclusion efforts and the affordability of refurbished devices
4. Opportunities to collaborate with more OEMs and retail chains
Threats
1. Fluctuating electronic component costs
2. Competition from established global refurbishers
3. Regulatory risks in e-waste and cross-border tech resale
4. Dependency on large clients for bulk business
1. A key player in the growing refurbishing segment with global reach
2. Solid financial growth and profitability
3. Strong relationships with OEMs and retail partners
4. IPO proceeds will support business expansion and operational strengthening
1. Booming demand for affordable computing solutions globally
2. Favourable e-waste management and sustainability policies
3. Opportunities in ITAD and refurbished tech sectors
4. Growth supported by digital expansion and low device penetration
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FAQs
The GNG Electronics IPO opens on July 23, 2025, and closes on July 25, 2025.
The total issue size of GNG Electronics IPO is ₹460.43 Cr, comprising a ₹400 Cr fresh issue and ₹60.44 Cr offer for sale.
The price band of GNG Electronics IPO is set between ₹225 and ₹237 per share.
To apply for GNG Electronics IPO, follow the steps given below:
- Login to your 5paisa account and select the issue in the current IPO section
- Enter the number of lots and the price at which you wish to apply for the GNG Electronics IPO
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive the mandate notification to block funds in your UPI app.
The minimum lot of the GNG Electronics IPO is 63 shares, requiring an investment of ₹14,175.
The allotment od GNG Electronics IPO is expected to be finalised on July 28, 2025.
Tentative listing date of GNG Electronics IPO is July 30, 2025, on BSE and NSE.
Motilal Oswal Investment Advisors Limited is the lead manager for this GNG Electronics IPO.
GNG Electronics plans to utilise the IPO proceeds towards:
- Business expansion and working capital requirements
- Strengthening the refurbishing and resale ecosystem
- General corporate purposes
GNG Electronics Contact Details
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/
GNG Electronics IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
GNG Electronics IPO Lead Manager
Motilal Oswal Investment Advisors Limited
IIFL Capital Services Limited
Jm Financial Limited