GNG Electronics Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹225 - ₹237
- Lot size
- 63 shares
- Issue amount
- ₹460.44 cr
- Total subscription
- 148.11×
- Opens
- 23 Jul 2025
- Closes
- 25 Jul 2025
- Allotment
- 28 Jul 2025
- Listing
- 30 Jul 2025
Offer at a glance
Issue overview
- Issue size
- 1,94,27,637 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹14,175
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹60.44 cr
- Registrar
- Bigshare Services Pvt Ltd
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,931
- Issue type
- Bookbuilding IPO
- Shares before issue
- 9,71,33,880
- Shares after issue
- 11,40,11,517
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 63 | ₹14,931 |
| sHNI | 14 | 882 | ₹2,09,034 |
| bHNI | 67 | 4,221 | ₹10,00,377 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,07,931 | 52,89,976 |
| HNIs(10L +) | 2,203 | 5,81,825 |
| HNIs (2-10L) | 1,101 | 2,05,262 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 92.09 | 25,393.02 |
| RETAIL | 161.15 | 7,898.46 |
| HNIs 2+ | 23.02 | 4,290.68 |
| HNIs 10+ | 46.04 | 12,162.12 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.61 | 5.37 | 3.33 |
| ROE | 17.76 | 31.96 | 28.97 |
| ROCE | 8.43 | 16.72 | 17.91 |
| RONW | 17.76 | 31.96 | 28.97 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2006, GNG Electronics Limited provides refurbishing services for laptops, desktops, and ICT devices across India and internationally. With a strong presence in India, the USA, Europe, Africa, and the UAE, the company operates under the brand name “Electronics Bazaar,” offering end-to-end solutions from sourcing and refurbishment to sales and after-sale services, including warranty support. In addition to refurbishing, GNG Electronics offers various value-added services such as IT asset disposition (ITAD), e-waste management, warranties, doorstep service, on-site installation, flexible payment options, easy device upgrades, and buyback programs for refurbished ICT devices. The company also delivers customized buyback solutions for laptops and desktops, supporting large-format retail stores like Vijay Sales and OEM brand stores such as HP and Lenovo in running efficient, customer-centric buyback programs to encourage the sale of new devices. As of September 30, 2024, GNG Electronics has established a sales network spanning 35 countries and operates through 3,265 touchpoints both in India and abroad.
Strengths
- Leading Refurbishment Brand – Recognized as India’s top refurbisher for laptops and desktops, and ranked among the global leaders in ICT device refurbishment.
- Strong International Presence – Operates five advanced refurbishing units in India, USA, and UAE, ensuring a widespread global footprint.
- Well-Integrated Supply Network – Maintains a robust ecosystem with a reliable global supply chain, trusted vendor partnerships, and a broad, diversified client base.
Risk factors
- High Revenue Dependence on Laptops – Over 75% of revenue comes from laptop sales, making the business vulnerable to shifts in demand or market trends.
- Unstable Supply Chain Factors – Price fluctuations and limited availability of critical components can disrupt operations and squeeze profit margins.
- Reliance on Distribution Network – Business performance is closely tied to its extensive sales network, where any disruption can lead to reduced sales and service delays.
Promoters
Sharad Khandelwal
Vidhi Sharad Khandelwal
Amiable Electronics Private Limited
Kay Kay Overseas Corporation
Registrar & documents
Lead manager
IIFL Capital Services Limited, Jm Financial Limited, Motilal Oswal Investment Advisors Limited
Registrar & contacts
Bigshare Services Pvt Ltd
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai, Maharashtra, 400069
+91 22 3123 658
[email protected]Company website ↗Understanding EBGNG IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.