The GNG Electronics IPO is scheduled to open for subscription from July 23 to July 25, 2025, raising approximately ₹460.43 crore through a combination of fresh equity issue (₹400 crore) and offer for sale (₹60.43 crore) at a price band of ₹225 to ₹237 per share. Founded in 2006 and headquartered in Mumbai, GNG Electronics operates as India’s largest refurbisher of laptops and desktops under the “Electronics Bazaar” brand, serving markets across India, USA, Europe, Africa, and the UAE. The company specializes in comprehensive ICT device refurbishment services including sourcing, refurbishment, sales, after-sales support, and warranty provisions, positioning itself as a leader in sustainable technology solutions with global certifications and partnerships with major brands like Microsoft, HP, and Lenovo.
₹95
₹237
₹355.00
Expert Opinions
The GNG Electronics IPO is receiving positive market sentiment as it approaches listing on the NSE and BSE, with investors attracted by the company’s position as a leading ICT device refurbisher and strong year-on-year growth. Company strengths include a robust operating model covering sourcing, refurbishment, and after-sales, a growing international presence, and effective management of a scalable business as seen in revenue rising from ₹1,143.80 crore in FY24 to ₹1,420.37 crore in FY25.
However, risks exist in the form of industry dependence on rapidly evolving technology, competition from global peers, and a significant concentration in the laptop and desktop market segments. From a valuation perspective, the GNG Electronics IPO reports a Return on Equity (ROE) of 30.40%, ROCE of 17.31%, and Net Asset Value (NAV) of ₹23.31, reflecting solid capital efficiency for its sector. For long-term investors, the company’s industry leadership and sustainable business model offer compelling growth potential, provided it manages market cycles and technology shifts effectively.
Investor Considerations
Investors evaluating the GNG Electronics IPO should note the company’s strong performance, with FY 2025 revenue rising by 24% to ₹1,420.37 crore and profit after tax growing 32% to ₹69.03 crore, reflecting steady profit margins and operational growth. GNG operates within the rapidly expanding refurbished electronics sector, where demand for affordable ICT products is propelled by sustainability trends and digital transformation. The GNG Electronics IPO’s FY 2025 valuation shows a Price to Book Value of 10.17, a PAT margin of 4.89%, and a high debt/equity ratio of 1.95, highlighting efficient earnings but also indicating considerable leverage.
Growth prospects are underpinned by expanding product lines, a broadening international footprint, and robust industry demand. Key risks include market dependency on laptops, exposure to technological obsolescence, and capital-intensive operations with high borrowings. While the listing may entice short-term traders, the IPO is more suited to long-term investors seeking growth in India’s evolving ICT refurbishing landscape.
| Date | GMP | Trend |
|---|---|---|
| 29 Jul 2025 11.23 | ₹95 | --- |
| 28 Jul 2025 11.18 | ₹95 | Down |
| 25 Jul 2025 10.45 | ₹100 | --- |
| 24 Jul 2025 10.38 | ₹100 | Up |
| 23 Jul 2025 15.40 | ₹95 | Down |
| 22 Jul 2025 15.59 | ₹100 | Up |
| 21 Jul 2025 17.52 | ₹80 | Up |
| 20 Jul 2025 13.04 | ₹70 | --- |
| 19 Jul 2025 12.12 | ₹70 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting GNG Electronics IPO’s listing performance. With a final GMP of ₹95, it indicated a premium of 40.08% over the issue price of ₹237. The stock listed at ₹355, delivering a gain of 49.79%. This resulted in a prediction error of 9.71%, where the GMP correctly predicted a strong positive listing and came reasonably close to the actual gain, reflecting fair reliability in this case.
GNG Electronics IPO Current GMP is ₹95.
GNG Electronics IPO Expected Returns is 40.08%.
GNG Electronics IPO estimated listing price is ₹332.