As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not in the GNG Electronics IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed GNG Electronics IPO review and analysis which will help you to make the decision.
Strengths and Weaknesses of GNG Electronics
Strengths:
- GNG Electronics India is the largest refurbisher of laptops and desktops, and one of the biggest refurbishers of ICT devices both in India and worldwide.
- They have a strong global supply chain, a reliable network of suppliers, and a large and diverse customer base.
- The company consists of a highly experienced and hardworking senior management team, which is managed by a knowledgeable board of directors.
- As of FY24, FY23, and FY22, the company has shown a steady record of strong financial performance, showing our operational efficiency.
Weaknesses:
- As of FY24, FY23, and FY22, the company mostly generated its revenue from the sale of laptops, meaning the company mostly runs its business by selling laptops. If the demand for the laptop falls, it can negatively impact its business, cash flow, and financial condition.
- Its business mostly relies on its sales network to distribute its products. If this network faces any problem, then it may negatively impact its business, performance, cash flow, and overall financial health.
- They depend on a few suppliers. If there is any delay or shortage if their supplier doesn’t deliver on time or does not meet the quality and requirements, then it can badly impact the company’s financial condition, cash flow and revenue.
- The GNG Electronics business mainly relies on people’s trust and its reputation. Any damage to our brand, bad publicity, or failure to maintain the product’s quality may negatively affect the company’s reputation, cash flow, and financial performance.
GNG Electronics Details
| IPO Size | ₹460.43 crores |
| Offer-for-sale | 25,50,000 Equity Shares |
| Fresh issue | ₹400 crores |
| Price band | ₹225 to ₹237 |
| Subscription | Opens for subscription on July 23, 2025, and the closing date is July 25, 2025 |
| Purpose of IPO | Fresh Issue and Offer-for-Sale |
GNG Electronics IPO Open and closing date?
GNG Electronics will be open for subscription on July 23, 2025, and the IPO will close on July 25, 2025.
What is the size of the GNG Electronics IPO?
GNG Electronics planned to raise funds of around ₹460.43 crores via IPO. This IPO comprises a fresh issue of up to ₹400 crores and an offer for sale up to 25,50,000 Equity Shares with a face value of ₹2 each.
What are the subscription details of the GNG Electronics IPO?
The price range of GNG Electronics is set as ₹225 to ₹237 per share. In this IPO, a total of 63 shares were available in one lot size for the minimum Retail category. For the maximum Retail category, 819 shares were available in 13 lot sizes. Additionally, 882 shares were available in 14 lot sizes for the S-HNI Minimum category. While for the B-HNI Minimum category, 4,221 shares were available in 67 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,931 and maximum investment of ₹1,94,103.
- Small HNI (S-HNI): Minimum investment of ₹2,09,034.
- Big HSI (S-HNI): A minimum investment of ₹10,00,377 is required.
What is the GNG Electronics IPO listing Date?
GNG Electronics is a Mainboard IPO shares that will be listed on July 30, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
What are the objectives of the GNG Electronics Issue?
The main objective behind raising funds through this IPO is prepayment and/or repayment of borrowings taken by our Company and our Material Subsidiary, namely, Electronics Bazaar FZC. Some funds will be utilized for the working capital requirements of our Company. Lastly, the remaining funds will be utilized for the company’s general corporate purposes.
About GNG Electronics
GNG Electronics Limited is one of the leading companies in the field of Refurbishing laptops, desktop, and other devices, and providing to the national and international markets also. The company has built a strong presence across India, the USA, Europe, Africa, and the UAE. As of March 31, 2025, their refurbished ICT devices have been sold across a robust sales network spanning 38 countries worldwide. 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. Operating under the brand name “Electronics Bazaar,” GNG Electronics offers end-to-end solutions encompassing sourcing, refurbishment, sales, after-sales service, and warranty support.
GNG Electronics IPO Financials
The company reported revenue of ₹1,420.37 crores in 2025 against ₹1,143.80 crores in 2024. The company reported a profit of ₹69.03 crores in 2025 against a profit of ₹52.31 crores in 2024.
GNG Electronics IPO Promoters
The promoters of the company are Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited, and Kay Kay Overseas Corporation.
Who are the GNG Electronics lead managers and registrar?
Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, and JM Financial Limited are the lead managers of GNG Electronics, while Bigshare Services Pvt Ltd is the registrar of the company.
Should you apply or not for the GNG Electronics IPO?
GNG Electronics is one of India’s largest refurbishers of laptops and desktops, and a global leader in ICT device refurbishment, is planning to launch a ₹460.4 cr IPO from July 23–25, 2025. Whether to apply or not for the GNG Electronics IPO depends on your investment goal and risk management. The proceeds of ₹320 cr raised from the fresh issue will be utilized to reduce debt, and lastly, the remaining funds will be used for the general corporate purposes. If we talk about the company’s financial growth, In FY25, the company generated a revenue of ₹1,420 cr, with net profit rising ₹69 cr, with solid metrics like ROE surged by 30% and PAT margin rose by 4.9%. India, the USA, Europe, Africa, and the UAE are some of the regions where the company sells its products. Now, the question is if you should apply or not for the GNG Electronics IPO, then its strong financial condition, sustainability edge, and are comfortable with a medium-term horizon, then this IPO looks promising. However, we recommend always doing a proper financial check, its strength, weaknesses, and overall condition before investing your money in it. For more query please contact IPOWatch team, we are eager to help you with all the necessary updates.
