IPO Issue Details
Issue Price / Price Band₹237 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size63 Shares per Lot
Total Issue Size1,94,27,637 shares (aggregating up to ₹460.43 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 23 Jul 2025
Subscription CloseFri, 25 Jul 2025
Anchor AllotmentTue, 22 Jul 2025
Basis of AllotmentMon, 28 Jul 2025
Initiation of RefundsTue, 29 Jul 2025
Credit of Shares to DematTue, 29 Jul 2025
Listing DateWed, 30 Jul 2025
UPI Mandate Deadline2025-07-25
Application & Investment Details
Retail — Min (1 Lots)₹14,931 — 63 shares
Retail — Max (13 Lots)₹194,103 (13 Lots)
HNI — Min (14 Lots)₹2,09,034 — 882 shares
EPS (Pre-IPO)₹7.11
EPS (Post-IPO)₹6.05
P/E Ratio (Pre-IPO)33.35x
P/E Ratio (Post-IPO)39.14x
Pre-IPO Promoter Holding9,71,33,880 shares
Post-IPO Promoter Holding11,40,11,517 shares
Fresh Issue Shares1,68,77,637 shares (aggregating up to ₹400.00 Cr)
Offer for Sale Shares25,50,000 shares of ₹2 (aggregating up to ₹60.44 Cr)
About GNG Electronics Ltd.
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.
Objects of the Issue
GNG Electronics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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
2 General Corporate Purposes
46.42
Shareholding & Lock-in
Pre-IPO Promoter Holding
9,71,33,880 shares
Post-IPO Promoter Holding
11,40,11,517 shares
Lock-in Period (30%)August 26, 2025
Lock-in Period (50%)October 25, 2025