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IPO Analysis > gng-electronics-ipo-mainboard


A Quick Guide to the GNG Electronics IPO

The global market for refurbished personal computers has seen strong growth. It went up from USD 9.7 billion in 2018 to USD 17.1 billion in 2024, growing at a steady 9.9% every year. And it's expected to grow even faster now, at 18.9% going forward.


GNG Electronics has been part of this growing refurbished tech space and has reached some big milestones along the way. That’s why the company is now launching its IPO and inviting investors to be a part of its next chapter.

The IPO is being managed by Motilal Oswal Investment, IIFL Capital Services, and JM Financial Limited while Bigshare Services is acting as the official registrar for the issue.

See the GNG Electronics IPO RHP for more details. 

Note: The lock-in period for 50% of Smarten Power Systems’ stock concludes 30 days post-allocation, whereas the remaining portion is released from lock-in after 90 days.

GNG Electronics IPO Details: Company Profile

The company works in the refurbished electronics sector. Let's look at what GNG Electronics does for its revenue. 


Particulars

Details

Established 

2006

Registered Office 

Mumbai, Maharashtra 

Promoters

Sharad Khandelwal and Vidhi Khandelwal 

Corporate Vendors 

HP, Tata Capital Limited, Lenovo and Microsoft

Products 

Refurbished laptops, desktops, and ICT Devices

Awards 

Certified Refurbishment Partner by Lenovo, Microsoft Authorised Refurbisher, and Certified Refurbishment Partner by HP India 

Number Of Employees  

1194

Competitors

Newjaisa Technologies Limited


Exploring the GNG Electronics IPO Details

Here are the important IPO facts you should know.

  • GNG Electronics IPO Date

Key schedule for the GNG Electronics IPO process is as follows: 


Event

Date

Bidding opens

23 Jul 2025

Bidding closes

25 Jul 2025

Last time to approve UPI mandate

25 Jul 2025 (5 PM)

Allotment details finalised

28 Jul 2025

Refunds begin

29 Jul 2025

Shares get credited to demat accounts

29 Jul 2025

Listing on the stock exchange

30 Jul 2025

UPI mandate expires

11 Aug 2025

Lock-in period ends for 50% of anchor investment

27 Aug 2025

Lock-in period ends for the remaining anchor shares

26 Oct 2025


  • GNG Electronics IPO size

GNG Electronics aims to collect this amount through its IPO.


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue 

Not Disclosed 

₹400 Crores 

Offer for Sale

2,550,000

₹60.43 Crores 

Overall Issue 

Not Disclosed

₹460.43 Crores


  • Objectives of the offer


GNG Electronics has outlined the following uses for the IPO proceeds.


Purpose

Estimated Amount (₹ million)

To prepay or repay the existing borrowings 

3,200.00

General corporate use

Not disclosed


  • Other takeaways from the GNG Electronics Share Price

These are the price details for the upcoming GNG Electronics IPO.


Particulars

Description

Face value of each share

₹2

Price Range

₹225 – ₹237

Listed At 

NSE and BSE 


  • Categorisation of different investors 

The allotment split for each investor category is shown below. 


Particulars

Non-Institutional Investors (NII)

Retail Individual Investors (RII)

Number of Shares Available

Equity shares of ₹2 each given after allocation to QIBs and RIIs

Not Disclosed 

Minimum Bid

Total bid amount above ₹2 lakh

Total bid amount below ₹2 lakh

Maximum Bid

Up to the offer size (excluding Anchor)

Not more than the retail limit



No application is possible without a valid demat account. So, compare brokers and open an account to bid for any IPO.

GNG Electronics IPO details: Key Financials 

The company’s key financial indicators are shown here.


Particulars

Fiscal 2025

Fiscal 2024

Fiscal 2023

Equity Share Capital

194.27

0.39

0.39

Total Equity

2,271.29

1,635.80

1,118.26

Net Worth 

2,264.55

1,631.41

1,115.95

Revenue from Operations

14,111.10

11,381.38

6,595.42

Earnings per Equity Share – Basic 

7.09

5.37

3.33

Earnings per Equity Share – Diluted 

7.09

5.37

3.33

Net Asset Value per Equity Share 

23.31

16.80

11.49

Total Borrowings 

4,469.21

3,223.33

1,520.22


Metrics of GNG Electronics IPO 

Particulars

Fiscal 2025

Fiscal 2024

Fiscal 2023

Gross Margin (%)

17.89%

12.31%

15.34%

EBITDA Margin (%)

8.94%

7.46%

7.59%

PAT Margin (%)

4.89%

4.60%

4.92%

RoE (%)

30.40%

31.96%

28.97%

ROCE (%)

17.31%

16.72%

17.91%


Strengths and risks

The company has strong points and some risks. Read the details here. 


Strengths

  • Works closely with big names like HP and Lenovo for certified refurbished products

  • Helps the environment by reducing e-waste through its green practices

  • Known as India’s biggest name in the refurbished laptop and desktop space

  • With a market presence, it is currently dealing in Indian and global markets

Risks

  • Most of its money comes from laptop sales, so demand dips can hurt business

  • Keeps a lot of money tied up in operations, which can affect cash flow

  • Faces tough competition from other refurbished tech sellers

  • Technology changes fast, and staying updated is always a challenge

IPO Closing Soon: Is GNG Electronics IPO Worth the Rush?

The GNG Electronics IPO GMP on 23 July 2025 is ₹105 with the upper price band of ₹237. Also, you can evaluate pricing and other facts with the review given earlier. 


Submit your GNG Electronics IPO application now through your broker.

FAQs


1. What is the GNG Electronics IPO GMP today? 

The GNG Electronics IPO GMP today is ₹105. This grey market premium gives a rough idea of how the IPO might perform on listing day, though it’s not an official indicator. Keep checking daily for updated GMP trends.


2. What is the GNG Electronics share price in the IPO?

The GNG Electronics share price is between ₹225 and ₹227 per share. This is the price investors need to pay to apply for shares in the IPO. The price falls within the official price band announced by the company.


3. What does GNG Electronics Limited do?

GNG Electronics Limited works in the refurbished electronics sector. The company repairs, repackages, and resells products like mobile phones and gadgets.


4. What is the GNG Electronics Limited IPO date?


The GNG Electronics Limited IPO date is from 23 July 2025 to 25 July 2025. These are the days when you can bid for the IPO. Keep track of the opening and closing dates to avoid missing the deadline.


5. Can I apply for the IPO without a demat account?

No, you can’t. A demat account is mandatory to apply for GNG Electronics IPO. You’ll need it to hold shares electronically after allotment. Get a demat account through a stockbroker if you don’t have one already.