GNG Electronics Ltd IPO
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GNG Electronics Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 194.28 L | ₹ 25.5 L | ₹ 68 L | ₹ 922.87 L | BSE | ₹ 460.44 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
23 Jul, 25 | 25 Jul, 25 | 63 | ₹ 14,175 | Book Building | 30 Jul, 25 |
GNG Electronics Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Trading |
Sub Sector | NA |
Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 9713819 | 0 |
NII | 0x | 2914145 | 0 |
Retail | 0x | 6799673 | 0 |
Employee | 0x | 0 | 0 |
Total | 0x | 19427637 | 0 |
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) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 1,138.14 | 659.54 | 9.96 |
EBITDA | 17.35 | 13.49 | 10.73 |
PAT | 10.73 | 8.86 | 6.67 |
Total Assets | 293.42 | 182.35 | 147.53 |
Share Capital | 0.04 | 0.04 | 0.04 |
Total Borrowings | 264.64 | 101.76 | 75.72 |
Operating Activities (Net Cash) | 11.72 | 9.70 | 7.44 |
Investing Activities (Net Cash) | 21.40 | 13.95 | 14.65 |
Financing Activities (Net Cash) | 264.64 | 101.76 | 75.72 |
Net Cashflow | 62.84 | 25.24 | 20.28 |
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.