GNG Electronics shares list at 50% premium over issue price
ADVERTISEMENT The Rs 460.43 crore IPO, which received a blockbuster 150.21 times overall subscription.
The IPO consisted of a fresh issue of Rs 400 crore and an offer for sale worth Rs 60.44 crore. It attracted massive interest across investor categories: QIBs subscribed 266.21 times, non-institutional investors 226.44 times, and retail investors 47.36 times.
Anchor investors had already pumped in Rs 138.13 crore before the issue opened, with prominent domestic and global institutions participating.GNG Electronics operates under the 'Electronics Bazaar' brand and offers refurbished ICT devices—laptops, desktops, and accessories—through a vertically integrated model that includes sourcing, refurbishing, selling, and after-sales service.The company provides buyback and e-waste management services for large-format retailers like Vijay Sales and OEMs such as HP and Lenovo, giving it an edge in the growing circular electronics economy.
ADVERTISEMENT Its network spans 38 countries and includes over 4,000 touchpoints across India and abroad.The company employs 1,194 people and continues to expand aggressively in the refurbished IT hardware ecosystem, a segment seeing strong tailwinds amid price-sensitive demand and ESG-led procurement preferences.
ADVERTISEMENT In FY25, the company reported revenue of Rs 1,420 crore, up 24% from the previous year, while net profit rose 32% to Rs 69 crore.Despite fully priced valuations, the listing buzz remains intact, supported by strong fundamentals, category leadership, and exceptional subscription numbers. All eyes are now on whether the stock can live up to its listing pop.
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