GNG ELECTRONICS IPO is a fully book-built issue with a total IPO size of ₹460.43 crores. The IPO comprises a fresh issue of ₹400 crores and an offer for sale (OFS) of ₹60.43 crores.
The dates for the GNG ELECTRONICS IPO have been announced. The IPO will open on July 23, 2025 and close on July 25, 2025.
The allotment process is expected to be finalized by July 28, 2025. The GNG ELECTRONICS IPO is scheduled to list on BSE and NSE, with a tentative listing date of July 30, 2025.
The price band for the GNG ELECTRONICS IPO is ₹225 to ₹237 per share. The minimum lot size is 63 shares.
Registrar for this IPO is Bigshare Services Private Limited and lead managers for the GNG ELECTRONICS IPO are Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, JM Financial Limited.
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IPO Schedule
| IPO Open Date | Wednesday, 23 Jul, 2025 |
|---|---|
| IPO Close Date | Friday, 25 Jul, 2025 |
| IPO Allotment Date | Monday, 28 Jul, 2025 |
| Refund Initiation | Tuesday, 29 Jul, 2025 |
| Share credit in Demat | Tuesday, 29 Jul, 2025 |
| Listing Date | Wednesday, 30 Jul, 2025 |
Key Details
| Price Band | ₹225 to ₹237 Per Share |
|---|---|
| Lot Size | 63 Shares |
| Face Value | ₹2 Per Equity Share |
| Total Issue Size | ₹460.43 Crores |
| Fresh Issue | ₹82.50 Crores |
| OFS Issue | 2,550,000 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | 14,931 |
| Retail (Max) | 13 | 819 | 194,103 |
| S-HNI (Min) | 14 | 882 | 209,034 |
| S-HNI (Max) | 66 | 4158 | 985,446 |
About Gng Electronics Limited Company
Electronics Bazaar is India’s largest refurbisher of laptops and desktops, with a significant global presence across India, USA, Europe, Africa, and UAE. They operate across 35 countries, pioneering warranty concepts for refurbished ICT devices. Adopting a repair-over-replacement approach, Electronics Bazaar offers affordable, reliable devices, reducing carbon footprint.
From FY22 to FY24, Electronics Bazaar experienced a revenue CAGR of 48%, while the global refurbished consumer electronics market grew at 10%. In H1FY25, revenue from operations reached INR 607.96 million. For FY24, revenue from operations stood at INR 113.81 crore, with an EBITDA of INR 84.90 million, and a PAT of INR 52.31 million.
Offering a comprehensive refurbishment process, devices are ensured to be functionally and aesthetically similar to new ones, and able to offer laptops at one -third price of new devices. The company provides tailored solutions, warranties, and services through a network of 3,265 touchpoints and 447 procurement partners globally.
Gng Electronics Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 741.24 | 585.82 | 285.50 | 194.71 |
| Revenue | 607.96 | 1138.14 | 659.54 | 520.50 |
| Profit After Tax | 35.21 | 52.31 | 32.43 | 21.77 |
| Net Worth | 198.15 | 163.58 | 111.83 | 79.49 |
| Reserves and Surplus | 197.57 | 163.10 | 111.56 | 79.32 |
| Total Borrowing | 486.77 | 317.81 | 113.76 | 73.08 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 5.37 | 31.96% | 16.80 | 31.96% | 16.72% |
Offer Objectives
The Offer comprises a Fresh Issue of equity shares aggregating up to ₹825 crore and an Offer for Sale of up to 9,700,000 equity shares by the Selling Shareholders. The company will not receive any proceeds from the Offer for Sale.
Fresh Issue Proceeds Utilization: The gross proceeds from the Fresh Issue are estimated at ₹825 crore. The company intends to utilize the net proceeds from the fresh issue towards:
- Prepayment and/or repayment of certain outstanding borrowings availed by the Company and its Material Subsidiary, Electronics Bazaar FZC: Estimated at ₹320 crore.
- Funding the working capital requirements of the Company: Estimated at ₹260 crore.
- General corporate purposes.
Additionally, there may be a Pre-IPO Placement aggregating up to ₹165 crore, which if undertaken, will reduce the size of the Fresh Issue, subject to compliance with applicable regulations. The amount utilized for general corporate purposes shall not exceed 25% of the Gross Proceeds.
The company believes that repaying/prepaying the borrowings would help reduce outstanding indebtedness, debt servicing costs, and improve its debt-to-equity ratio.
Company Details
Address:
Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai - 400069, Maharashtra, India
Phone: +91 22 3123 6588
Email: [email protected]
Website: http://www.electronicsbazaar.com
IPO Registrar Details
Bigshare Services Private Limited
Phone: +91 22 62638200
Email: [email protected]
Website: http://www.bigshareonline.com
Offer Prospectus & Documents
Lead Managers
- Motilal Oswal Investment Advisors Limited
- IIFL Capital Services Limited
- JM Financial Limited
