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GNG Electronics IPO Description – GNG Electronics is India’s largest refurbisher of laptops and desktops and a global leader in ICT device refurbishment, with operations across India, the USA, Europe, Africa, and the UAE (Source: 1Lattice Report). Operating under the “Electronics Bazaar” brand, the company offers end-to-end solutions—from sourcing to after-sales service—backed by industry-leading warranties.
As of 31 March 2025, GNG had a portfolio of 5,840 SKUs and a sales network spanning 38 countries through 4,154 global touchpoints. It operates five refurbishing facilities across India (Navi Mumbai), UAE (Sharjah), and the USA (Dallas), covering 58,127.82 sq. ft., employing 1,194 personnel.
GNG is the largest Microsoft Authorized Refurbisher in India and partners with global OEMs, including HP and Lenovo. It serves as an IT asset disposal partner to India’s second-largest software firm and has procurement relationships with global players including Iron Mountain, Apto Solutions, Green Box Group, and Tata Capital. The company’s refurbished ICT devices are priced at 33–65% lower than new ones while maintaining premium quality, enabling it to command a pricing premium in the market.
Promoters of GNG Electronics – Sharad Khandelwal, Vidhi Sharad Khandelwal, Kay Kay Overseas Corporation, and Amiable Electronics Private Limited
Table of Contents
Electronics Bazaar IPO Details
| GNG Electronics IPO Dates | 23 – 25 July 2025 |
| GNG Electronics IPO Price | INR 225 – 237 per share |
| Fresh issue | INR 400 crore |
| Offer For Sale | 25,50,000 shares (INR 57.38 – 60.44 crore) |
| Total IPO size | INR 457.38 – 460.44 crore |
| Minimum bid (lot size) | 63 shares (INR 14,931) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
GNG Electronics Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 659.54 | 1,138.14 | 1,411.11 |
| Expenses | 627.37 | 1,086.47 | 1,342.02 |
| Net income | 32.43 | 52.31 | 69.03 |
| Margin (%) | 4.92 | 4.60 | 4.89 |
Electronics Bazaar IPO News
- GNG Electronics RHP
- GNG Electronics DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
GNG Electronics Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 3.33 | 5.37 | 7.09 | 6.06 |
| PE Ratio | – | – | 31.73 – 33.43 | 37.16 – 39.14 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 28.97 | 31.96 | 30.40 |
| NAV | 11.49 | 16.80 | 23.31 |
| ROCE (%) | 17.91 | 16.72 | 17.31 |
| EBITDA (%) | 7.59 | 7.46 | 8.94 |
| Debt/Equity | 1.02 | 1.95 | 1.92 |
GNG Electronics IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 29 July 2025 | 100 | – | 4,000 |
| 28 July 2025 | 100 | – | 4,000 |
| 26 July 2025 | 100 | – | 4,000 |
| 25 July 2025 | 100 | – | 4,000 |
| 24 July 2025 | 100 | – | 4,000 |
| 23 July 2025 | 100 | – | 4,000 |
| 22 July 2025 | 75 | – | 3,700 |
| 21 July 2025 | 70 | – | 3,500 |
GNG Electronics IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company and our material subsidiary, namely, Electronics Bazaar FZC – INR 320 crore
- General corporate purposes
GNG Electronics IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 40,24,755 | 30,49,167 | 71,14,722 | 1,41,88,644 |
| 25 Jul 2025 | 266.21 | 226.45 | 45.31 | 146.90 |
| 24 Jul 2025 | 2.21 | 68.70 | 23.02 | 26.93 |
| 23 Jul 2025 | 1.68 | 18.85 | 8.89 | 8.99 |
58,28,290 shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
GNG Electronics – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| GNG Electronics | 31.73 – 33.43 | 7.09 | 30.40 | 23.31 | 1,420.37 |
| Newjaisa Technologies | NA | (0.32) | (1.45) | 22.09 | 66.45 |
GNG Electronics IPO Allotment Status
GNG Electronics IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
GNG Electronics IPO Dates & Listing Performance
| IPO Opening Date | 23 July 2025 |
| IPO Closing Date | 25 July 2025 |
| Finalization of Basis of Allotment | 28 July 2025 |
| Initiation of refunds | 29 July 2025 |
| Transfer of shares to demat accounts | 29 July 2025 |
| GNG Electronics IPO Listing Date | 30 July 2025 |
| Opening Price on NSE | INR 355 per share (up 49.79%) |
| Closing Price on NSE | INR 333.39 per share (up 40.67%) |
GNG Electronics IPO Reviews – Subscribe or Avoid?
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GNG Electronics Offer Lead Manager
MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadev, Mumbai – 400 025
Telephone: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com
GNG Electronics Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
GNG Electronics Contact Details
GNG ELECTRONICS LIMITED
Unit No. 415, Hubtown Solaris, N.S. Phadke Marg,
Andheri (East), Mumbai – 400069, Maharashtra, India
Phone: +91 22 3123 6588
Email: [email protected]
Website: www.electronicsbazaar.com
GNG Electronics IPO FAQs
How many shares in GNG Electronics IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for GNG Electronics Public Offer?
The best way to apply for GNG Electronics public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is GNG Electronics IPO GMP today?
GNG Electronics IPO GMP today is INR 100 per share.
What is GNG Electronics kostak rate today?
GNG Electronics kostak rate today is INR NA per application.
What is GNG Electronics Subject to Sauda rate today?
GNG Electronics Subject to Sauda rate today is INR 4,000 per application.