GNG Electronics Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 9,713,818 (50%) | — | ₹23,022 Cr |
| NII (HNI) | — | 2,914,146 (15%) | — | ₹6,907 Cr |
| Retail | — | 6,799,673 (35%) | — | ₹16,115 Cr |
| Σ Total | — | 19,427,637 (100%) | — | ₹460,435 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 63 | ₹14,931 |
| Retail (Max) | 13 | 819 | ₹194,103 |
| S-HNI (Min) | 14 | 882 | ₹209,034 |
| B-HNI (Min) | 67 | 4,221 | ₹1,000,377 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 1,420 | 1,144 | 663 |
| EBITDA | 126 | 85 | 50 |
| Profit After Tax | 69 | 52 | 32 |
| Net Worth | 226 | 163 | 112 |
| Total Assets | 719 | 586 | 286 |
| Reserves & Surplus | 177 | 133 | 81 |
| Total Borrowing | 447 | 322 | 152 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and the Material Subsidiary namely, Electronics Bazaar FZC – 320.00
- 2 General Corporate Purposes – 46.42
Company Overview
Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops and ICT Devices, both globally and in India. The company has a significant presence across India, USA, Europe, Africa and UAE.
The company operate under the brand “Electronics Bazaar”, offering sourcing to refurbishment to sales to after– sale services and providing warranty.
The company offers other value–added services such as ITAD and e – waste management services, warranties, doorstep service, on-site installation, flexible pay options, easy upgrades, assured buyback programmes and buyback programmes for refurbished ICT Devices.
GNG Electronics provides tailored buyback solutions for laptops and desktops to help large format retail stores such as Vijay Sales (India) Private Limited (“Vijay Sales”) and OEM brand stores such as HP India Sales Private Limited (“HP”) and Lenovo Global Technology (India) Private Limited (“Lenovo”) to run efficient, customer–friendly buyback programs facilitating sale of new devices.
The company have a sales network with the refurbished ICT Devices being sold in 38 countries as of March 31, 2025. GNG Electronics sales network comprises 4,154 touchpoints in India and globally, as of March 31, 2025.
As of March 31, 2025., The company had 1,194 employees.