GNG Electronics IPO Review

At GNG Electronics Limited, they are revolutionizing the way technology is accessed, utilized, and sustained. GNG Electronics Limited, as the parent company of Electronics Bazaar, they specialize in offering high-quality refurbished laptops and desktops tailored to meet the needs of individuals, businesses, and organizations. 

The Promoter and founder, Sharad Khandelwal, has 29 years of experience in the information and communication technology industry, playing a pivotal role in shaping our vision for affordable and reliable refurbished ICT Devices. They have expanded their focus towards modern technology and sustainable practices under his leadership and guidance.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 14,203.67 Million, ₹ 11,437.97 Million and ₹ 6,627.86 Million. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,261.44 Million, ₹ 849.04 Million and ₹ 500.40 Million. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 690.33 Million, ₹ 523.05 Million and ₹ 324.28 Million respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 7.09 and post-issue EPS of ₹ 6.04 for FY24. The pre-issue P/E ratio is 33.42x, while the post-issue P/E ratio is 39.26x. The company's ROCE for FY24 is 17.31%, ROE for FY24 is 30.40% and RoNW is 30.40%. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of GNG Electronics showing listing gains of 18.14 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the GNG Electronics Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.