GNG Electronics Limited is soon coming to launch a public issue. The company already filed a DRHP to the capital market regulator SEBI. GNG Electronics is one of the leading and well-known companies for selling high-quality refurbished laptops and desktops. Not only India but GNG Electronics has a prominent presence across the US, Europe, Africa, and the UAE, as well. GNG Electronics is one of the growing companies that restores old or damaged laptops and desktops into new ones and sells them to customers is called refurbished products.
GNG Electronics works under the Electronics Bazar brand. In which, they operate from refurbishment, sales, and after-sales services to providing warranties and having a comprehensive range of services across the refurbishment business chain. As of fiscal year 2024, in terms of refurbishing capability, GNG Electronics is India’s largest Microsoft-authorized refurbisher. GNG Electronics is a certified refurbishment partner of some of the global brands like Lenovo and HP.
According to the DRHP, In this proposed IPO, GNG Electronics is planning to raise approximately or more than Rs. 825 crore in IPO (Initial Public Offering). This IPO comprises the combination of fresh issues of up to rs.825 crore and an offer-for-sale of up to 97 lakh equity shares components. In the Offer-for-sale, Sharad Khandelwal and Vidhi Sharad Khandelwal will sale of 35,000 shares each. While 96.30 lakh shares will be sold by Amiable Electronics.
A total of Rs.825 crore funds will be raised by launching this IPO. Of this Rs.320 crore of funds will be used for debt repayment and Rs 260 crore will be utilized in the company’s working capital requirement. While the remaining funds from the IPO will be going to the general corporate purposes.
In GNG Electronics IPO, Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the lead managers of this IPO.
GNG Electronics IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
GNG Electronics Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹521.92 | ₹497.67 | ₹21.77 |
| 2023 | ₹662.79 | ₹627.37 | ₹32.43 |
| 2024 | ₹1,143.80 | 1,086.47 | ₹52.31 |
| September 2024 | ₹612.97 | ₹573.64 | ₹35.21 |
GNG Electronics IPO Valuation – FY2024
GNG Electronics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.37 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 31.96% |
| Net Asset Value (NAV): | ₹16.80 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Newjaisa Technologies Limited | 2.29 | 38.01 | 11.44 | 17.16 | 61.80 Cr. |
Objects of the Issue
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Material Subsidiary namely, Electronics Bazaar FZC;
- Funding the working capital requirements of our Company; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- IIFL Capital Services Limited
- JM Financial Limited
