GNG Electronics IPO: Price band, Key dates, Financials and More
- Krishna Priya
- Jul 18
- 2 min read
Updated: Jul 21
The price band has been fixed at ₹225 to ₹237 per equity share, with investors required to bid in lots of 63 shares, translating to a minimum investment of ₹14,931 at the upper end.
IPO Snapshot
Total Issue Size: | ₹460.43 Cr |
Fresh Issue: | ₹400.00 Cr |
Offer for Sale: | ₹60.43 Cr |
Face Value: | ₹2 |
Price Band: | ₹225 to ₹237 |
Lot Size: | 63 shares |
Minimum Investment: | ₹14,931 (at upper band) |
Listing: | BSE, NSE |
Anchor Investors: | 22 July, 2025 |
Opens: | 23 July, 2025 |
Closes: | 25 July, 2025 |
GNG Electronics Ltd, incorporated in 2006, is India’s leading provider of refurbishing services for laptops, desktops, and ICT devices, operating under the “Electronics Bazaar” brand. With a presence across 38 countries and over 4,150 touchpoints, the company offers end-to-end solutions including sourcing, refurbishment, sales, after-sales service, and IT asset disposal (ITAD). It partners with major retailers like Vijay Sales and OEMs like HP and Lenovo to run device buyback programs. As of March 2025, GNG employed 1,194 people and had a strong foothold across India, the USA, Europe, Africa, and the UAE.
Financial Performance
Period Ended | Revenue from Operations (₹ Cr) | Profit After Tax (PAT) (₹ Cr) |
31 Mar 2025 | 1,411.11 | 69.03 |
31 Mar 2024 | 1,138.13 | 52.30 |
31 Mar 2023 | 659.54 | 32.42 |
Grey Market Premium
As of now, the Grey Market Premium (GMP) for GNG Electronics IPO is hovering around ₹77, indicating a potential listing price near ₹314, which translates to roughly a 32.5% listing gain, a strong premium for a tech-focused refurbished electronics player.
Peer Comparison
Company Name | CMP ₹ | Market Cap ₹ Cr | P/E | Sales ₹ Cr | OPM % | PAT (12M) ₹ Cr |
GNG Electronics | – | – | – | 1,411.11 | – | 60.93 |
Newjaisa Tech | 34.00 | 120.20 | 65.66 | 1.05 | – | -1.13 |
Use of Proceeds
GNG Electronics will use ₹320 crore from the IPO proceeds to repay borrowings, including those of its subsidiary Electronics Bazaar FZC. The rest will go toward general corporate purposes, aiming to ease debt burden and support growth.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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