Search IPOs
EBGNG · NSE,BSE · Computers Hardware & Equipments
GNG Electronics IPO listed on 30 Jul 2025 on NSE,BSE at ₹355.00, a gain of 49.79% over the issue price of ₹237.00. The IPO was subscribed 147.93x overall.
GNG Electronics IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 23 Jul 2025 |
| IPO Close Date | 25 Jul 2025 |
| Basis of Allotment | 28 Jul 2025 |
| Initiation of Refunds | 29 Jul 2025 |
| Credit of Shares to Demat | 29 Jul 2025 |
| Listing Date | 30 Jul 2025 |
Listing day gain
+49.79%
Listed at ₹355 (issue ₹237)
Issue
₹237
Listing
₹355
Current
₹333.39
+40.67% vs issue
Day range
₹325.55 – ₹359.4
Issue Size
19,427,637 shares
(aggregating up to ₹460.43 Cr)
Issue Price
₹225 – ₹237
Face Value
₹2/share
Market Lot
63 shares
Retail Min Investment
₹14,931
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
16,877,637 shares
(aggregating up to ₹400 Cr)
Offer for Sale
2,550,000 shares
(aggregating up to ₹60.44 Cr)
Issue Type
book building
Open Date
23 Jul
Close Date
25 Jul
Allotment
28 Jul
Listing
30 Jul
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 30 Jul 2025 Latest | ₹237 | ₹85 | ₹322 | ₹85 |
35.86%
|
12:00 AM |
| 29 Jul 2025 | ₹237 | ₹90 | ₹327 | ₹90 |
37.97%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 30 Jul 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 266.21x |
| NII | 227.67x |
| bNII (bids above ₹10L) | 252.45x |
| sNII (bids below ₹10L) | 178.12x |
| Retail Investors | 46.84x |
| Total | 147.93x |
Showing the latest subscription snapshot.
View full subscription historySharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Pvt.Ltd. and Kay Kay Overseas Corp
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 63 | ₹14,931 |
| Retail (Max) | 13 | 819 | ₹194,103 |
| S-HNI (Min) | 14 | 882 | ₹209,034 |
| S-HNI (Max) | 66 | 4,158 | ₹985,446 |
| B-HNI (Min) | 67 | 4,221 | ₹1,000,377 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 9,713,818 (50.00%) |
|
•
Anchor Investor Shares Offered
|
5,828,290 (30.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
3,885,528 (20.00%) |
| NII (HNI) Shares Offered | 2,914,146 (15.00%) |
|
•
bNII > ₹10L
|
1,942,764 (10.00%) |
|
•
sNII < ₹10L
|
971,382 (5.00%) |
| Retail Shares Offered | 6,799,673 (35.00%) |
| Total Shares Offered | 19,427,637 (100.00%) |
GNG Electronics Limited was incorporated in 2006 and is headquartered in Mumbai, Maharashtra. It works in the technology refurbishment sector as a refurbisher of laptops, desktops and other ICT devices.
The company sources, refurbishes, sells and provides after-sale support and warranty services for used ICT devices under its "Electronics Bazaar" brand, and is India's largest Microsoft Authorised Refurbisher by refurbishing capability, according to an ILattice report cited in the DRHP. It follows a repair-over-replacement model and also offers IT asset disposal and e-waste management services. As of March 2025, its sales network spanned 4,154 touchpoints across 38 countries, and its customers include IT solutions providers, system integrators, e-tailers, and OEM and retail partners such as HP, Lenovo and Vijay Sales for device buybacks. The promoters are Sharad Khandelwal and Vidhi Sharad Khandelwal, who together held about 18.5% of the company, alongside major shareholder Amiable Electronics Private Limited.
Revenue rose to Rs 1,138 crore in FY24, with net profit of Rs 52.3 crore, as per the DRHP. The IPO was a mainboard book-built issue of about Rs 460.43 crore on the NSE and BSE, comprising a fresh issue of Rs 450 crore and an offer for sale of up to 51 lakh equity shares by the promoters and Amiable Electronics Private Limited, and it listed in July 2025. Net proceeds from the fresh issue were earmarked for prepayment or repayment of certain outstanding borrowings of the company and its material subsidiary, Electronics Bazaar FZC (about Rs 320 crore), and general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2023 | FY Mar 2024 | FY Mar 2025 |
|---|---|---|---|
| Total Revenue | 662.79 | 1,143.8 | 1,420.37 |
| Profit After Tax (PAT) | 32.43 | 52.31 | 69.03 |
| EBITDA | 50.04 | 84.9 | 126.14 |
| Total Assets | 285.5 | 585.82 | 719.46 |
| Net Worth | 111.6 | 163.14 | 226.46 |
| Reserves & Surplus | 81.13 | 132.68 | 176.61 |
| Total Borrowing | 152.02 | 322.33 | 446.92 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 30.4% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 17.31% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 30.4% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 4.89% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 8.94% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 1.95x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 10.17x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹7.11 | ₹6.05 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 33.35x | 39.14x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹2,302 Cr | ₹3,801 Cr |
The basis of allotment for GNG Electronics IPO was finalised on 28 Jul 2025. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The GNG Electronics IPO is expected to open in Jul 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for GNG Electronics IPO is ₹225.00 - ₹237.00 per share.
As per market sources, GNG Electronics IPO GMP is currently ₹85.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for GNG Electronics IPO stands at 147.93x overall.
The listing date for GNG Electronics IPO is 30 Jul 2025.
No comments yet. Be the first to comment!
