All details for GNG Electronics IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Price Band: ₹225–237 | Allotment July 28 | Listing July 30, 2025
GNG Electronics IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 23, 2025 |
| IPO Close Date | July 25, 2025 |
| Tentative Allotment | July 28, 2025 |
| Refunds Initiation | July 29, 2025 |
| Credit of Shares to Demat | July 29, 2025 |
| IPO Listing Date | July 30, 2025 |
Anchor Investors
| Bid Date | Shares Offered | Anchor Portion Size (₹ Cr) | Lock-in (50%) | Lock-in (90%) |
|---|---|---|---|---|
| July 22, 2025 | 58,28,290 | 138.13 | Aug 24, 2025 | Oct 23, 2025 |
IPO Price & Lot Size
| Price Band | ₹225–237 per share |
|---|---|
| Market Lot | 63 Shares |
| Retail Min | 1 lot (63 shares) – ₹14,931 |
| Retail Max | 13 lots (819 shares) – ₹1,94,103 |
| S-HNI Min | 14 lots (882 shares) – ₹2,09,034 |
| S-HNI Max | 66 lots (4,158 shares) – ₹9,85,446 |
| B-HNI Min | 67 lots (4,221 shares) – ₹10,00,377 |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 719.46 | 1,420.37 | 69.03 | 126.14 | 226.46 | 176.61 | 446.92 |
| 31 Mar 2024 | 585.82 | 1,143.80 | 52.31 | 84.90 | 163.14 | 132.68 | 322.33 |
| 31 Mar 2023 | 285.50 | 662.79 | 32.43 | 50.04 | 111.60 | 81.13 | 152.02 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| Market Cap | ₹2,702.07 Cr |
| 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 |
| EPS (Pre IPO) | 7.11 |
| EPS (Post IPO) | 6.05 |
| P/E (Pre IPO) | 33.35 |
| P/E (Post IPO) | 39.14 |
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ 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 | — |
About GNG Electronics Ltd.
Incorporated: 2006
Business: Refurbishing services for laptops, desktops, and ICT devices; global and Indian presence.
Brand: Electronics Bazaar (sourcing, refurbishment, sales, after-sales, warranty).
Services: ITAD & e-waste management, warranties, doorstep service, on-site install, flexible pay, upgrades, buyback programs.
Clients: Vijay Sales, HP India, Lenovo India, OEM stores, large format retailers.
Sales Network: 38 countries, 4,154 touchpoints (Mar 31, 2025).
Employees: 1,194 (Mar 31, 2025)
Promoters: Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Pvt Ltd, Kay Kay Overseas Corporation
Strengths:
- Tailored buyback for large retail/OEM partners
- Efficient global sales and service network
- Value-added services for refurbished ICT devices
- Steady top/bottom line growth
- Preferred partner for IT hardware giants
Contact Details
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://electronicsbazaar.com/
Frequently Asked Questions (FAQ)
The price band for GNG Electronics IPO is ₹225–₹237 per share, as announced in the Draft Red Herring Prospectus (DRHP).
The IPO will open for subscription on July 23, 2025, and close on July 25, 2025, as per the announced timeline.
The minimum investment for retail investors is 1 lot (63 shares), which amounts to ₹14,931 at the upper end of the price band (₹237 per share).
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
The exact application process will be detailed in the Red Herring Prospectus (RHP) when the IPO dates are confirmed.
GNG Electronics Ltd. specializes in refurbishing services for laptops, desktops, and ICT devices under the Electronics Bazaar brand. Their revenue sources include:
- Sales of refurbished ICT devices through OEMs, large format retailers, and online channels
- IT Asset Disposition (ITAD) and e-waste management services
- Warranty and after-sales services, including doorstep support and on-site installation
- Buyback programs and flexible payment solutions
The company operates in 38 countries with 4,154 touchpoints as of March 31, 2025.
Key risks to consider include:
- Market risk: Sensitivity to demand for refurbished electronics and economic cycles
- Debt risk: Debt-to-equity ratio of 1.95
- Competition: Intense competition from new and refurbished electronics markets
- Regulatory risks: Compliance with e-waste and environmental regulations
- Operational risks: Dependence on supply chain for refurbished devices and global sales network
Investors should review the risk factors in the RHP before investing.
As per the DRHP, the net proceeds from the IPO (₹460.43 Cr) will be used for:
- Prepayment or repayment of certain outstanding borrowings of the company and its material subsidiary, Electronics Bazaar FZC (₹320.00 Cr)
- General corporate purposes
Specific allocations will be detailed in the RHP.
GNG Electronics has:
- Revenue growth from ₹662.79 Cr (FY23) to ₹1,420.37 Cr (FY25)
- PAT growth from ₹32.43 Cr (FY23) to ₹69.03 Cr (FY25)
- Net worth growth from ₹111.60 Cr (FY23) to ₹226.46 Cr (FY25)
- Global presence in 38 countries with 4,154 touchpoints
- 1,194 employees as of March 31, 2025
- Partnerships with major clients like Vijay Sales, HP India, and Lenovo India
The company focuses on value-added services and a robust sales network for growth.
As of March 31, 2025:
- Total borrowings: ₹446.92 crore
- Debt-to-equity ratio: 1.95
- EBITDA: ₹126.14 Cr, supporting debt servicing capacity
Part of the IPO proceeds will be used to repay or prepay borrowings to improve the capital structure.
The book running lead managers for GNG Electronics IPO are not specified in the provided data. They will be announced in the RHP and are responsible for managing the IPO process, including investor roadshows, price discovery, and allocation.
