GNG Electronics IPO subscribed 150.21 times overall on the last day, a retail quota was subscribed over 47.36 times, NII was subscribed over 226.44 times, and QIB was subscribed over 266.21 times.
GNG Electronics IPO details
GNG Electronics’ IPO got approval from SEBI for an IPO of ₹460.43 crores. GNG Electronics IPO consists entirely of a fresh issue of ₹400 crores and OFS 25,50,000 equity shares with a face value of ₹2 each. Further, it had a set price band between ₹225 to ₹237 per share.
In the GNG Electronics IPO, 63 shares were in a 1 lot size for the retail minimum and 819 shares for the 13 lot sizes for the maximum category.
Moreover, 882 shares were in 14 lot sizes for the S-HNI category.
B-HNI Minimum category consists of 4,221 shares in 67 lot sizes.
To invest in the GNG Electronics IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,931.
- Retail Investors: Maximum investment of ₹1,94,103.
- SHNI (S-HNI): Minimum investment of ₹2,09,034.
- B-HNI: Minimum investment of ₹10,00,377.
GNG Electronics IPO’s Subscription Duration
GNG Electronics’s IPO subscription started on July 23, 2025, and closed on July 25, 2025. The GNG Electronics IPO allotment date was July 28, 2025, and they received a refund on July 29, 2025. The GNG Electronics IPO listing is on July 30, 2025.
GNG Electronics’s IPO Funds Deployment
- 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
About the GNG Electronics IPO Company
GNG Electronics Limited, established in 2006, has developed expertise in refurbishing laptops, desktops, and other ICT equipment for both domestic and international markets. Over the years, the company has established a solid footprint in India, the USA, Europe, Africa, and the UAE. By March 31, 2025, its refurbished ICT products had been distributed through an extensive sales network reaching 38 countries globally.
GNG Electronics also offers customized buyback solutions for laptops and desktops, helping large-format retail chains like Vijay Sales and OEM brand stores such as HP India and Lenovo India implement smooth, customer-centric buyback programs that promote the sale of new devices.
GNG Electronics IPO Company Financial Report
In 2025, the company recorded a revenue of ₹1,420.37 crores, up from ₹1,143.80 crores in 2024. Its profit also increased, reaching ₹69.03 crores in 2025 compared to ₹52.31 crores in the previous year.
