GNG Electronics Ltd IPO

We are India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2025 (Source: 1Lattice Report). We operate under the brand Electronics Bazaar, with presence across the full refurbishment value chain i.e., from sourcing to refurbishment to sales, to after - sale services and providing warranty. We solve customers' requirement of affordable, reliable and premium ICT Devices which are as good as new devices, both functionally and aesthetically, and are backed by proven warranty.

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50years

GNG Electronics Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 194.28 L₹ 25.5 L₹ 68 L₹ 922.87 LBSE₹ 460.44 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
23 Jul, 2525 Jul, 2563 ₹ 14,175 Book Building30 Jul, 25

GNG Electronics Ltd IPO Dates

  • 23 Jul 2025

    Opening date

  • 25 Jul 2025

    Closing date

  • 28 Jul 2025

    Basis of
    Allotment

  • 29 Jul 2025

    Initiation of
    Refunds

  • 29 Jul 2025

    Credit of
    Shares

  • 30 Jul 2025

    Listing date

Details

SectorType
SectorTrading
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x97138190
NII0x29141450
Retail0x67996730
Employee0x00
Total0x194276370

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

GNG Electronics Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations1,138.14659.549.96
EBITDA17.3513.4910.73
PAT10.738.866.67
Total Assets293.42182.35147.53
Share Capital0.040.040.04
Total Borrowings264.64101.7675.72
Operating Activities (Net Cash)11.729.707.44
Investing Activities (Net Cash)21.4013.9514.65
Financing Activities (Net Cash)264.64101.7675.72
Net Cashflow62.8425.2420.28

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About GNG Electronics Ltd

GNG Electronics Limited was incorporated as GNG Electronics Private Limited under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated October 19, 2006, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by its Shareholders at the extraordinary general meeting held on October 23, 2024, following which the name of the Company was changed to GNG Electronics Limited and a fresh certificate of incorporation pursuant to change of name under the Companies Act, 2013 was issued by RoC, on November 20, 2024.

The global used and refurbished electronics market comprises of electronics that are either resold `as-is' or after being refurbished. Unlike electronics that are sold `as-is', refurbished electronics undergo thorough inspection and repairs, ensuring they meet certain standards before resale. This market spans a range of electronics, from smartphones, laptops, and desktops to home and kitchen appliances, televisions, office equipment, cameras, and video game consoles. The electronics refurbishment industry is uniquely placed to grow even in downcycles of economic growth as it serves the replacement demand of new devices with affordable solutions.

We are India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2025 (Source: 1Lattice Report). We operate under the brand Electronics Bazaar, with presence across the full refurbishment value chain i.e., from sourcing to refurbishment to sales, to after - sale services and providing warranty. We solve customers' requirement of affordable, reliable and premium ICT Devices which are as good as new devices, both functionally and aesthetically, and are backed by proven warranty.

Peer Comparison:

  • Newjaisa Technologies Ltd

GNG Electronics Ltd IPO Key Points

Strengths

  • India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT devices overall, both globally and in India.
  • We are a company with domestic and international operations with five refurbishing facilities across India, USA and UAE.
  • Strong global supply chain, established sourcing base with long tail of vendors and wide customer base.
  • Well - established refurbishing capabilities and state - of - art infrastructure, with focus on quality.
  • Well positioned to harness global shift to sustainability and growing focus on ESG.

Risk

  • As of Fiscal 2025, Fiscal 2024 and Fiscal 2023, the company derived 75.59%, 67.87% and 79.97%, respectively, of its operational revenue from only sales of laptops and therefore its continued success is necessary for its business and prospects. Any decline in the demand for such product may have an adverse impact on the company business, revenue and profitability.
  • Increase in the prices of parts and materials essential for its operations may negatively impact the company business and financial performance. Furthermore, its ability to procure these parts and materials may be affected by price fluctuations in the future.
  • The company has substantial indebtedness which requires significant cash flows to service and limits its ability to operates freely. Its debt servicing coverage ratio for Fiscal 2025, Fiscal 2024 and Fiscal 2023 was 0.25 times, 0.25 times and 0.40 times, respectively. Any breach of terms under the company financing arrangements or its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements may adversely affect the company business and financial condition.

Strategy

  • Expanding our footprint and increase our market presence in India and other countries to capitalize on the industry tailwinds.
  • Enhancing procurement in India and other countries while parallelly strengthening brand relationships.
  • Focus on environmental, social, and governance (ESG) standards and expanding opportunities with OEMs.
  • India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT devices overall, both globally and in India.
  • We are a company with domestic and international operations with five refurbishing facilities across India, USA and UAE.
  • Strong global supply chain, established sourcing base with long tail of vendors and wide customer base.
  • Well - established refurbishing capabilities and state - of - art infrastructure, with focus on quality.
  • Well positioned to harness global shift to sustainability and growing focus on ESG.

How To Apply for GNG Electronics Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

GNG Electronics Ltd's IPO offers shares for up to ₹ 0 L It begins on Jul 23, 2025 and ends on Jul 25, 2025.

The price of GNG Electronics Ltd IPO ranges between ₹225 to ₹237 per share.

The GNG Electronics Ltd IPO opens on Jul 23, 2025 and closes on Jul 25, 2025.

The allotment for the GNG Electronics Ltd IPO will be finalised on Jul 28, 2025. The shares will be listed on BSE and NSE on Jul 30, 2025.

The minimum lot size for GNG Electronics Ltd IPO is 63 shares, priced between ₹225 to ₹237 per share.

The GMP (Grey Market Premium) of GNG Electronics Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of GNG Electronics Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The GNG Electronics Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 23, 2025, and closes on Jul 25, 2025. The allotment is finalised on Jul 28, 2025.

To apply for the GNG Electronics Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.