GNG Electronics IPO subscription started on Wednesday, July 23, and the IPO will close on July 25, 2025, as per the schedule. The price band is set at ₹225 to ₹237 per share with a face value of ₹2.
GNG Electronics IPO Subscription Status
GNG Electronics IPO subscribed over 9.20x on its first day till 5.00 PM on 23 July 2025.
- GNG Electronics IPO subscription QIB investors’ portion was 1.68 times, while NII subscribers subscribed 18.86 times, and RII investors subscribed 9.31 times.
- The company has received bids for 12,75,91,569 shares against 1,38,73,595 on offer for the first-day subscription.
- GNG Electronics IPO subscribed over 9.20x on its day 1.
About GNG Electronics Company
GNG Electronics Limited was founded in 2006, and it has become specialized in refurbishing laptops, desktops, and other ICT devices, providing them to domestic and international markets. 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 Financial Report
The company reported revenue of ₹1,420.37 crores in 2025 against ₹1,143.80 crores in 2024. The company reported profit of ₹69.03 crores in 2025 against profit of ₹52.31 crores in 2024.
GNG Electronics IPO GMP:
GNG Electronics IPO GMP was ₹104 as of Wednesday, 23rd July 2025. That indicates the IPO is trading at ₹341 with a ₹104 premium in the grey market against the issue price of ₹237.
