GNG Electronics Ltd IPO

GNG Electronics Ltd IPO

Trading

mainboard

Bidding period

23 Jul 2025 - 25 Jul 2025

Bid price

₹225.00 - ₹237.00

Listing on

BSE, NSE

Listing date

30 Jul 2025

Lot size

63 shares

Issue size

₹460.44 crore


Minimum investment

₹14,931.00 / 1 lot

Maximum investment

₹1,94,103.00 / 13 lot

Bidding closes today

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GNG Electronics Ltd IPO dates

IPO opening date

23 Jul 2025

IPO end date

25 Jul 2025

Allotment date

28 Jul 2025

Initiation of refunds

29 Jul 2025

Credit of shares to demat

29 Jul 2025

IPO listing date

30 Jul 2025

GNG Electronics Ltd IPO financials

Particulars

For the period ending in March 2025 (in ₹ million)

Total assets ₹719.46
Total liabilities ₹719.46
Total expenditure ₹1,342.02
Total revenue ₹1,420.37
Profit after tax ₹68.83
EBITDA ₹126.14
Adjusted EBITDA ₹0.00

GNG Electronics Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 95.01 78.71
Public group 4.99 21.29

GNG Electronics Ltd strengths and risks

Information currently unavailable

  • 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.

  • Experienced management team and qualified personnel with significant industry experience.

  • Track record of profitability and consistent financial performance.

  • 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.

  • The company revenue generated from outside India accounts for a significant portion of its revenue from operations. As of Fiscal 2025, Fiscal 2024 and Fiscal 2023, the company derived 75.53%, 57.97% and 50.53%, respectively, of its revenue from outside India. Any failure to manage the company business in overseas markets or its inability to grow the company business in new geographic markets may affect its growth, which may have a material adverse effect on the company business, operations, prospects or financial condition.

  • A substantial portion of its revenues is dependent on the company top 10 customers. During Fiscals 2025, 2024 and 2023 the companu derived 46.59%, 55.77% and 44.14%, respectively of its total revenue from operations from the company top 10 customers. The loss of any of these customers may adversely affect the company revenues and profitability.

  • The company depends on a limited number of suppliers for its inventory. Any interruption in the availability of inventory may adversely impact its operations. Further, any failures by the company suppliers to provide inventory to it on time or at all, or as per the company specifications and quality standards may have an adverse impact on its ability to meet the company delivery schedules.

  • A significant part of its total revenue from operations i.e. 66.66%, 49.59% and 50.28% in Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively were through the company Material Subsidiary, Electronics Bazaar FZC. ("EB FZC"), and the company is dependent on the operating income and cash flows generated by EB FZC. Any loss or reduction in the business attributable to its EB FZC, or a change in the company shareholding in EB FZC, could have a material adverse effect on its business, prospects, results of operations, cash flows and financial condition.

  • The Company's positive cash flow from operating activities is significantly influenced by changes in working capital loans. A reduction in the availability or utilization of these loans could adversely affect the Company's operational cash flow and its ability to manage working capital requirements.

  • The company has experienced reduction in its business-to-consumer ("B2C") sales in Fiscal 2025, Fiscal 2024 and Fiscal 2023.

  • The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

How to check the allotment status of the GNG Electronics Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘GNG Electronics Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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GNG Electronics Ltd IPO registrar

Bigshare Services Pvt Ltd

Phone number +91 22 62638200
E-mail ID ipo@bigshareonline.com
Website www.bigshareonline.com

GNG Electronics Ltd IPO reservation

QIB shares offered

38,85,528 (20.0%)

NII (HNI) shares offered

29,14,145 (15.0%)

Retail shares offered

67,99,673 (35.0%)

Anchor investor shares offered

58,28,291 (30.0%)

Total shares offered

1,94,27,636

Total shares with anchor investor

1,94,27,636

GNG Electronics Ltd IPO lead manager

  • Motilal Oswal Investment Advisors Ltd
  • IIFL Capital Services Ltd
  • JM Financial Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the GNG Electronics Ltd IPO?

The listing date for the GNG Electronics Ltd IPO is 30 Jul 2025.

What is the issue size of GNG Electronics Ltd IPO?

The issue size of the GNG Electronics Ltd IPO is ₹460.44 cr.

What is the minimum lot size needed for GNG Electronics Ltd IPO?

The minimum lot size for GNG Electronics Ltd IPO is 63

When does the GNG Electronics Ltd open and close?

GNG Electronics Ltd IPO is open from 23 Jul 2025 to 25 Jul 2025.

How can I apply for the GNG Electronics Ltd IPO?

To apply for the GNG Electronics Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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