GNG Electronics Limited, the parent company of Electronics Bazaar, is revolutionizing access to technology through offering high-quality refurbished laptops and desktops for individuals, businesses, and organizations. The company has launched its Initial Public Offering (IPO) to raise approximately ₹460.44 crore via a fresh issue and offer for sale.

The IPO opens on July 23, 2025, and closes on July 25, 2025. Shares will be allotted on or about July 28, 2025, with a tentative listing date of July 30, 2025, on both BSE and NSE.

IPO Details

• Fresh Issue: 168.77 lakh shares worth ₹400 crore

• Offer for Sale: 25.50 lakh shares totaling ₹60.44 crore

• Price Band: ₹225 to ₹237 per equity share

• Market Capitalization: Approx ₹2,702.07 crore at upper price band

• Lot Size: 63 shares

• Minimum Investment: Retail investors ₹14,931; HNIs ₹2,09,034 (14 lots)

Book Running Lead Managers and Registrar

• Book Running Lead Managers: Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, JM Financial Limited

• Registrar: Bigshare Services Private Limited

Subscription and Anchor Investors

As of 11:30 AM on July 25, 2025, the IPO was subscribed 14.37 times, reflecting strong investor demand. The company secured ₹138.13 crore from anchor investors, who subscribed to 58,28,290 equity shares at the upper price band of ₹237. Anchor investor participation indicates robust institutional confidence.

Grey Market Premium (GMP)

The Grey Market Premium for GNG Electronics IPO stands at ₹43 per share, which is roughly 18.14% above the IPO price, signaling positive market expectations for listing gains. However, GMP trading is unofficial and can be volatile.

About GNG Electronics Limited

GNG Electronics Limited specializes in providing refurbished laptops and desktops with an emphasis on quality and reliability. Operating under the Electronics Bazaar brand, they cater to a diverse clientele, including individuals, corporate clients, and institutions.

The company focuses on sustainability by promoting refurbished technology, which reduces electronic waste and makes technology more affordable and accessible.

Leadership and Experience

• Founder & Promoter: Sharad Khandelwal, with 29 years of experience in information and communication technology, drives the vision for affordable refurbished ICT devices.

• Under his leadership, the company has expanded its portfolio and adopted sustainable business practices.

Financial Performance

• Revenues from operations:

  • ₹6,627.86 million (FY23)

  • ₹11,437.97 million (FY24)

  • ₹14,203.67 million (FY25)

• EBITDA:

  • ₹500.40 million (FY23)

  • ₹849.04 million (FY24)

  • ₹1,261.44 million (FY25)

• Profit After Tax:

  • ₹324.28 million (FY23)

  • ₹523.05 million (FY24)

  • ₹690.33 million (FY25)

Key Financial Metrics

• Pre-issue EPS: ₹7.09 (FY24)

• Post-issue EPS: ₹6.04 (FY24)

• Pre-issue P/E ratio: 33.42x

• Post-issue P/E ratio: 39.26x

• Return on Capital Employed (ROCE): 17.31%

• Return on Equity (ROE): 30.40%

These figures indicate a healthy growth trajectory with profitability and efficiency metrics in line with industry expectations.

Use of IPO Proceeds

The net proceeds will primarily be used for:

1. Prepayment or repayment of borrowings totaling approximately ₹320 crore, including debt availed by Electronics Bazaar FZC.

2. General corporate purposes to support business growth and operational needs.

Investment Outlook

Given the company's strong fundamentals, consistent financial growth, and positive market sentiment reflected by an 18% Grey Market Premium, the IPO presents an attractive opportunity for investors seeking exposure to the refurbished technology sector in India.

Investors looking for potential listing gains and long-term growth prospects in technology resale and sustainability should consider applying.

How to Check Allotment Status

IPO allotment status will be available from July 28, 2025 onwards via the registrar’s website:

• Select GNG Electronics Limited IPO

• Enter application number, PAN, or DP Client ID

• Submit to view allotment status

Disclaimer:
This article is for educational and informational purposes only and does not constitute financial advice or an offer to buy or sell securities. Investors should conduct due diligence and consult financial advisors before making investment decisions. Market risks apply.

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