GNG Electronics
IPO Timeline
Issue open date
23 Jul 2025Issue close date
25 Jul 2025UPI mandate deadline
25 Jul 2025Allotment finalization
28 Jul 2025Refund initiation
29 Jul 2025Share credit
29 Jul 2025Listing date
30 Jul 2025Mandate end date
11 Aug 2025Lock-in end date for anchor investors (50%)
27 Aug 2025Lock-in end date for anchor investors (remaining)
26 Oct 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 27 Jul | ₹94 | ₹331 | 39.66% |
| 26 Jul | ₹94 | ₹331 | 39.66% |
| 25 Jul | ₹94 | ₹331 | 39.66% |
| 24 Jul | ₹100 | ₹337 | 42.19% |
| 23 Jul | ₹100 | ₹337 | 42.19% |
| 22 Jul | ₹100 | ₹337 | 42.19% |
| 21 Jul | ₹105 | ₹342 | 44.30% |
| 20 Jul | ₹85 | ₹322 | 35.86% |
| 19 Jul | ₹77 | ₹314 | 32.49% |
| 18 Jul | ₹72 | ₹309 | 30.38% |
| 17 Jul | ₹71 | ₹308 | 29.96% |
Key Dates
Quick Stats
Issue Details
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About the Company
GNG Electronics, established in 2006 and headquartered in Mumbai, India, is a leading player in the refurbishment of Information and Communication Technology (ICT) devices. Operating under the brand “Electronics Bazaar,” the company specializes in refurbishing laptops, desktops, tablets, servers, smartphones, and related accessories. With a significant presence across India, the USA, Europe, Africa, and the UAE, GNG Electronics has positioned itself as India’s largest Microsoft-authorized refurbisher and a certified partner for global brands like HP and Lenovo. The company’s end-to-end refurbishment process encompasses sourcing, refurbishing, sales, after-sales services, and warranty provisions, aligning with global sustainability goals by reducing e-waste.
Strengths
- India’s largest refurbisher of laptops and desktops, with a significant global presence.
- Certified refurbishment partner for leading brands like HP and Lenovo, enhancing credibility.
- Comprehensive refurbishment process, including sourcing, refurbishing, sales, and after-sales services.
- Commitment to sustainability through ESG initiatives and reducing e-waste
Risks
- High dependence on laptop sales, contributing over 75% of operational revenue, making the company vulnerable to market fluctuations.
- Exposure to technological obsolescence risks in the rapidly evolving ICT industry.
- Working capital-intensive operations may strain liquidity and financial flexibility.
- Moderate financial risk profile with adjusted overall gearing of 2.73x as of FY24.
- Intense competition in the refurbished electronics market, both domestically and internationally
GNG Electronics IPO – Frequently Asked Questions
- The price band for the GNG Electronics IPO is set at ₹225 to ₹237 per share.
- The GNG Electronics IPO opens on July 23, 2025 and closes on July 25, 2025.
- The tentative listing date for the GNG Electronics IPO is July 30, 2025.
- You can apply for the GNG Electronics IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose GNG Electronics, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the GNG Electronics IPO is 63 shares. Investors must apply for at least one lot (i.e., 63 shares).