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GNG Electronics IPO
Price Band
₹225.0–237.0
Issue Size
₹460.43 Cr
Lot Size
63 shares
Min Investment
₹14,931
GMP
+₹85.0 (35.86%)
Issue Price
₹237.0
Subject to Sauda
₹4100
Paid only if allotted
GNG Electronics IPO AI Summary
- GNG Electronics IPO is listed on BSE, NSE in the Computers Hardware & Equipments sector.
- Price band: ₹225.0–₹237.0 per share, lot size 63 shares (min. investment ₹14,931).
- Subscription window: 23 Jul–25 Jul 2025, listing on 30 Jul 2025.
- Current GMP is +₹85.0 (35.86%), an estimated listing price of ₹322 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
GNG Electronics IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Jul 2025 — not a current signal.
7 of 8 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
GNG Electronics IPO Grey Market Premium (GMP) Today
GMP
+₹85.0
GMP %
+35.86%
Est. Listing
₹322.0
Updated: 25 Jul 2026 14:14
About the Company
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.
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹7.11
NAV
₹23.31
ROE
30.40%
ROCE
17.31%
RoNW
30.40%
P/B Value
10.17
P/E Ratio
33.35
Market Cap
₹2702.07 Cr
PAT Margin
4.89%
Debt/Equity
1.95
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Newjaisa Technologies Limited | 22.09 | -1.45% | 21.37 | -0.32 | -0.32 |
| GNG Electronics Limited This IPO | 23.31 | 30.4% | — | 7.09 | 7.09 |
Promoters
Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Pvt.Ltd. and Kay Kay Overseas Corp
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ 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 46.42 3 Issue Expenses 38.57 Total 405.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹662.79 Cr in the year ending 31 Mar 2023, rising to ₹1,143.80 Cr by 31 Mar 2024, and further increasing to ₹1,420.37 Cr by 31 Mar 2025. This shows a consistent upward trend in revenue over the periods.
Profit Trend
Profit after tax was ₹32.43 Cr for the year ending 31 Mar 2023, increasing to ₹52.31 Cr by 31 Mar 2024, and further rising to ₹69.03 Cr by 31 Mar 2025. This indicates a positive growth in profitability across the reported periods.
Valuation
At the issue price of ₹237.0, GNG Electronics has an implied P/E ratio of 33.35 based on its EPS of ₹7.11. This is compared to its peers, with a P/E range of approximately 21.37 for Newjaisa Technologies Limited.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite. GMP can fluctuate based on market conditions and investor sentiment.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy, market conditions, and individual risk tolerance.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the first day of trading. However, investing in IPOs carries risks, including market volatility and the possibility that the stock may not perform as expected after listing.
This evaluation is generated from GNG Electronics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is GNG Electronics IPO GMP today?
GNG Electronics IPO GMP today is +₹85.0 (35.86%), indicating an estimated listing price of ₹322. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of GNG Electronics IPO?
The price band of GNG Electronics IPO is ₹225.0–₹237.0 per share.
When does GNG Electronics IPO open and close?
GNG Electronics IPO opens on 23 July 2025 and closes on 25 July 2025.
When does GNG Electronics IPO list on the stock exchange?
GNG Electronics IPO listed on 30 July 2025 at ₹322.0.
What is the lot size for GNG Electronics IPO?
The lot size for GNG Electronics IPO is 63 shares, requiring a minimum investment of ₹14,931.
What is the lot size for GNG Electronics IPO?
The lot size for GNG Electronics IPO is 63 shares.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹14,931.
What is the price band for the GNG Electronics IPO?
The price band for the GNG Electronics IPO is ₹225.0 to ₹237.0.
When does the GNG Electronics IPO open and close?
The GNG Electronics IPO opens on July 23, 2025, and closes on July 25, 2025.
What does GMP mean in the context of IPOs?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Jul 2025
Close
25 Jul 2025
Allotment
28 Jul 2025
Listing
30 Jul 2025
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