GNG Electronics IPO To Open On July 23: Check GMP, Price, Lot Size, Financials
The GMP of the GNG Electronics IPO currently stands at 32.49 per cent, which indicates strong investor sentiment for the upcoming issue.
GNG Electronics IPO GMP: The initial public offering of GNG Electronics Ltd, which refurbishes laptops and desktops, is set to be opened for public subscription on July 23. It will remain open for bidding for three days till July 25. The price band of the mainboard IPO, which plans to raise Rs 460.43 crore, has been fixed in the range of Rs 225 to Rs 237 apiece. According to market observers, its GMP of the GNG Electronics IPO currently stands at 32.49 per cent, which indicates strong investor sentiment for the upcoming issue.
The IPO will open for subscription on July 23, 2025, and close on July 25, 2025. The share allotment will likely be finalised on July 28 (Monday), and the company is expected to be listed on both BSE and NSE on July 30 (Wednesday).
The price band of the IPO has been fixed in the range of Rs 225 to Rs 237 per share.
At the upper-end of the price band, the company's market valuation is over Rs 2,700 crore.
For investors, the minimum lot size for the IPO is 63. It means investors will have to apply for a minimum of 63 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 14,175 to apply for the IPO.
According to market observers, unlisted shares of GNG Electronics Ltd are currently trading at Rs 314 against the upper IPO price of Rs 237. It means a grey market premium or GMP of Rs 77, which is 32.49% over its issue price, indicating weak listing.
The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
GNG Electronics IPO Financials
GNG Electronics Ltd reported strong financial growth in FY25, with revenue rising 24% to Rs 1,420 crore and profit after tax increasing 32% to Rs 69 crore compared to the previous year. The company's operating performance also improved, as reflected in a nearly 49% jump in EBITDA to Rs 126 crore. Its total assets grew to Rs 719 crore, while net worth rose to Rs 226 crore, indicating a stronger balance sheet.
However, borrowings also increased significantly to Rs 447 crore, suggesting the company is relying more on debt to fund its expansion.
The IPO is a combination of a fresh issue of equity shares aggregating to 400 core and an offer-for-sale (OFS) of 25.5 lakh equity shares by promoters worth Rs 60.43 crore at the upper-end of the price band. This takes the total issue size to Rs 460.43 crore.
Proceeds of the fresh issue will be utilised for the debt payment, funding working capital requirements and for general corporate purposes.
Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book-running lead managers to the issue. The company is expected to list on the bourses on July 30.
About GNG Electronics
GNG Electronics is one of the leading refurbisher of laptops and desktops with significant presence across India, the US, Europe, Africa, and the UAE.
The company operates under the brand 'Electronics Bazaar", with presence across the full refurbishment value chain from sourcing to refurbishment to sales, to after-sale services and providing warranty.
The company's comprehensive process of refurbishment of ICT devices such as laptops, desktops, tablets, servers, premium smartphones, mobile workstations, and accessories ensures that such devices are similar to new in terms of both performance and aesthetics.
Besides, the company is able to offer laptops at one-third price of new devices and other devices like desktops, tablets, servers, premium smart phones, mobile workstations and accessories at 35-50 per cent price of new devices.
About the Author
Mohammad Haris
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h...Read More
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