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News18
4 hours ago
- Business
- News18
GNG Electronics IPO Day 2: GMP Falls, Issue Subscribed Over 11x So Far; Should You Apply?
Last Updated: GNG Electronics IPO GMP Today: The grey market premium of the IPO falls from 44.30% to 42.19%, still indicating strong listing gains for investors. Should I Subscribe To GNG Electronics IPO? The initial public offering of GNG Electronics Ltd, which refurbishes laptops and desktops, is witnessing second day of bidding today, Thursday, July 24. The IPO, which has received a strong subscription so far, will be closed on July 25. Till 10:09 am on the second day of bidding on Thursday, the issue received an 11.13 times subscription, garnering bids for 15,44,44,752 shares as against the 1,38,73,595 shares on offer. The retail and NII participation stood at 10.85x and 24.21x, respectively. The QIB category has received a 1.69x subscription. The IPO will remain open for subscription between July 23, 2025, and 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). GNG Electronics IPO Price & Lot Size 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. 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. GNG Electronics IPO GMP According to market observers, unlisted shares of GNG Electronics Ltd are currently trading at Rs 337 against the upper IPO price of Rs 237. It means a grey market premium or GMP of Rs 100, which is 42.19% over its issue price, indicating strong 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: Should You Apply? Brokerages are largely bullish on GNG Electronics Ltd (GEL), recommending investors to subscribe to the IPO for the long term, citing strong financial growth, market leadership in refurbishing, and promising industry tailwinds. Bajaj Broking gave a 'Subscribe for long term' rating, highlighting that GEL is 'India's largest Microsoft authorised refurbisher, in terms of refurbishing capability, as of Fiscal 2025". It also noted the company's role as an IT asset disposal partner for India's second-largest software firm by market cap. On financials, Bajaj Broking observed that GEL's revenue and net profit rose from Rs 662.79 crore / Rs 32.43 crore in FY23 to Rs 1,420.37 crore / Rs 69.03 crore in FY25. The average RoNW stands at 30.68%. It added, 'If we attribute FY25 annualised earnings then the asking price is at a P/E of 39.17. Based on FY24 earnings, the P/E stands at 51.63." However, it flagged revenue concentration as a risk: 'In FY25, 75.59% of revenue came solely from laptop sales. A decline in laptop demand could materially impact revenue and profitability." Dependency on limited suppliers and price fluctuations in parts were also listed as concerns. SBI Securities echoed the optimism, stating, 'The company has registered strong Revenue/EBITDA/PAT CAGR of 46%/58%/46% (FY23–FY25) to Rs 1,411 crore / Rs 117 crore / Rs 69 crore, respectively." It also cited positive industry trends with India's refurbished PC market projected to grow at a CAGR of 31.3% till FY30. The brokerage noted the absence of listed peers in India and said: 'At the upper price band of Rs 237, GNG is valued at a P/E of 39.1x based on FY25 earnings. We recommend investors to SUBSCRIBE the IPO at cut-off price." Ventura Securities highlighted the company's five refurbishment facilities across India, UAE, and the US, and said, 'We recommend 'Subscribe' for GNG Electronics Ltd as we expect margins to improve with debt reduction going ahead." Arihant Capital also gave a 'subscribe' rating to the IPO and pointed to GNG's expanding customer base and global presence, and said the company is 'well placed to capitalise on the fast-growing refurbished electronics market". It added, 'At Rs 237, the issue is priced at a P/E of 39.14x based on FY25 EPS of Rs 6.1." SMIFS also issued a 'subscribe' call, noting, 'The company has more than doubled revenues to Rs 14,111 million in FY25, with EBITDA rising 2.5x and PAT at Rs 690 million. Return metrics remain strong with ROE at 30.4% and ROCE at 17.31%." It added that GNG is well-positioned to benefit from ESG-led and affordability-driven global IT demand. GNG Electronics IPO: More Info 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. top videos View all 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 He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO view comments Location : New Delhi, India, India First Published: July 24, 2025, 10:21 IST News business » ipo GNG Electronics IPO Day 2: GMP Falls, Issue Subscribed Over 11x So Far; Should You Apply? Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
6 hours ago
- Business
- Mint
GNG Electronics IPO day 2 Live: GMP jumps, subscription status, review, other details. Should you apply?
GNG Electronics IPO: The initial public offering (IPO) of GNG Electronics Ltd. opened on 23 July 2025 and will remain open until 25 July 2025. The company has declared the GNG Electronics IPO price band at ₹ 225 to ₹ 237 per equity share. The book-build issue is proposed for listing on the BSE and the NSE. The mainboard IPO aims to raise ₹ 460.63 crore out of which ₹ 400 crore is aimed through the issuance of fresh shares. The remaining amount is reserved for the Offer for Sale (OFS) route. According to the GNG Electronics IPO subscription status, the public issue has received a strong response from investors as it got subscribed 8.99 times of its offer. This triggered positive sentiments in the grey market. According to market observers, shares of GNG Electronics Ltd. are available at a premium of ₹ 100 in the grey market today, which is ₹ 17 higher than yesterday's GNG Electronics IPO GMP of ₹ 83. Market observers believe the rise in the grey market sentiment can be attributed to two significant reasons — strong GNG Electronics IPO subscription status and positive feelings in the Indian stock market. After the end of bidding on day one, the book build issue had been booked 8.99 times, the retail portion of the initial offer had been subscribed 8.89 times, the NII segment had been filled 18.85 times, whereas the QIB segment had been booked 1.68 times. Infographic: Courtesy mintgenie Gaurav Goel, Founder & Director at Fynocrat Technologies, assigned a subscribe' tag for long-term, said, "GNG Electronics has emerged as a dominant player in a niche, fast-growing industry. It benefits from strong industry tailwinds, a scalable global business model, and leadership in the organised refurbishing space. While the IPO is fully valued and listing gains may be moderate, the company's structural advantages and long-term growth prospects remain attractive. Well-informed investors with a medium to long-term investment horizon may consider subscribing to this IPO. GNG is well-positioned to ride the ESG and affordability wave in IT hardware." Giving a 'subscribe' tag to the public issue, Anshul Jain, Head of Research at Lakshmishree Investment, said, "GNG has shown strong financials, with FY25 revenue rising to ₹ 1,411 crore and profit after tax at ₹ 69 crore. Over the last two years, the company has clocked a ~46% revenue CAGR, driven by its leadership in global ICT refurbishment and its sustainability certifications. However, the business heavily relies on laptop refurbishing, which comprises over 75% of FY25 revenue. It also faces risks related to pricing pressures on key components and market competition. Despite these challenges, GNG's solid growth, profitability, and niche position make it attractive, and one can apply for the mainboard IPO for the long term." The GNG Electronics IPO opened on 23 July 2025 and will remain open until 25 July 2025. It has a price band of ₹ 225 to ₹ 237 per share and a retail lot size of 63 shares (minimum investment ~ ₹ 14,931). The ₹ 460.43 crore issue includes ₹ 400 crore of fresh equity and ₹ 60.43 crore via offer-for-sale. Allotment is expected on July 28, with listing tentatively set for July 30. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
a day ago
- Business
- News18
GNG Electronics IPO Opens Today: Should You Apply? Check GMP, Price, Lot Size, Subscription, Reviews
The GMP of the GNG Electronics IPO currently stands at 44.30%, indicating strong listing gains for investors. Should I Subscribe To GNG Electronics IPO? The initial public offering of GNG Electronics Ltd, which refurbishes laptops and desktops, opened for public subscription today, Wednesday, 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. Till 10:44 am on the first day of bidding on Wednesday, the issue received a 0.84 times subscription, garnering bids for 1,15,86,330 shares as against the 1,38,73,595 shares on offer. The retail and NII participation stood at 0.94x and 1.68x, respectively. The QIB category has received a 0.01x subscription. The IPO's grey market premium currently stands at 44.30%, indicating strong listing gains for investors. GNG Electronics IPO Key Dates The IPO will remain open for subscription between July 23, 2025, and 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. GNG Electronics IPO GMP According to market observers, unlisted shares of GNG Electronics Ltd are currently trading at Rs 342 against the upper IPO price of Rs 237. It means a grey market premium or GMP of Rs 105, which is 44.30% 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: Should You Apply? Brokerages are largely bullish on GNG Electronics Ltd (GEL), recommending investors to subscribe to the IPO for the long term, citing strong financial growth, market leadership in refurbishing, and promising industry tailwinds. Bajaj Broking gave a 'Subscribe for long term' rating, highlighting that GEL is 'India's largest Microsoft authorised refurbisher, in terms of refurbishing capability, as of Fiscal 2025". It also noted the company's role as an IT asset disposal partner for India's second-largest software firm by market cap. On financials, Bajaj Broking observed that GEL's revenue and net profit rose from Rs 662.79 crore / Rs 32.43 crore in FY23 to Rs 1,420.37 crore / Rs 69.03 crore in FY25. The average RoNW stands at 30.68%. It added, 'If we attribute FY25 annualised earnings then the asking price is at a P/E of 39.17. Based on FY24 earnings, the P/E stands at 51.63." However, it flagged revenue concentration as a risk: 'In FY25, 75.59% of revenue came solely from laptop sales. A decline in laptop demand could materially impact revenue and profitability." Dependency on limited suppliers and price fluctuations in parts were also listed as concerns. SBI Securities echoed the optimism, stating, 'The company has registered strong Revenue/EBITDA/PAT CAGR of 46%/58%/46% (FY23–FY25) to Rs 1,411 crore / Rs 117 crore / Rs 69 crore, respectively." It also cited positive industry trends with India's refurbished PC market projected to grow at a CAGR of 31.3% till FY30. The brokerage noted the absence of listed peers in India and said: 'At the upper price band of Rs 237, GNG is valued at a P/E of 39.1x based on FY25 earnings. We recommend investors to SUBSCRIBE the IPO at cut-off price." Ventura Securities highlighted the company's five refurbishment facilities across India, UAE, and the US, and said, 'We recommend 'Subscribe' for GNG Electronics Ltd as we expect margins to improve with debt reduction going ahead." Arihant Capital also gave a 'subscribe' rating to the IPO and pointed to GNG's expanding customer base and global presence, and said the company is 'well placed to capitalise on the fast-growing refurbished electronics market". It added, 'At Rs 237, the issue is priced at a P/E of 39.14x based on FY25 EPS of Rs 6.1." SMIFS also issued a 'subscribe' call, noting, 'The company has more than doubled revenues to Rs 14,111 million in FY25, with EBITDA rising 2.5x and PAT at Rs 690 million. Return metrics remain strong with ROE at 30.4% and ROCE at 17.31%." It added that GNG is well-positioned to benefit from ESG-led and affordability-driven global IT demand. GNG Electronics IPO: More Info 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. top videos View all 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 He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO view comments Location : New Delhi, India, India First Published: July 23, 2025, 10:58 IST News business » ipo GNG Electronics IPO Opens Today: Should You Apply? Check GMP, Price, Lot Size, Subscription, Reviews Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
3 days ago
- Business
- News18
GNG Electronics IPO To Open On July 23: Check GMP, Price, Lot Size, Financials
Last Updated: 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 He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
3 days ago
- Business
- Economic Times
GNG Electronics IPO: GMP robust at 31% ahead of issue opening. Here's all you need to know
GNG Electronics Ltd's shares are currently commanding a grey market premium (GMP) of Rs 74–76, indicating an expected upside of approximately 31.22% over the issue price, ahead of its mainboard IPO opening on July 23. ADVERTISEMENT The IPO will remain open for subscription until July 25. The GMP reflects the difference between the IPO's expected listing price and its issue price, based on unofficial trading in the grey market prior to the official listing. While GMP trends often serve as indicators of investor sentiment and perceived demand, they are not guaranteed predictors of actual listing performance. GMP is an unofficial and unregulated metric and should not be treated as a definitive assessment of a stock's listing-day gains or long-term Electronics' IPO comprises a fresh issue of 1,68,77,637 shares aggregating up to Rs 400 crore, along with an offer-for-sale (OFS) of 25,50,000 shares amounting to Rs 60.44 crore. The total issue size stands at Rs 460.43 crore, and the equity shares will be listed on both the BSE and allotment of GNG Electronics shares is scheduled for July 28, 2025, with the listing date tentatively set for July 30, 2025. ADVERTISEMENT Retail investors can apply for a lot size of 63 shares, amounting to approximately Rs 14,931 per lot. High-net-worth individual (HNI) investors are classified into two categories: small HNIs (S-HNI), with a lot size of 882 shares (Rs 2,09,034), and big HNIs (B-HNI), who can bid for 4,221 shares (Rs 10,00,377). The retail investor quota accounts for 35% of the total offer. ADVERTISEMENT Bigshare Services Pvt Ltd is the registrar for the IPO. The issue is being managed by Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, and JM Financial current GMP trends suggest strong investor sentiment for GNG Electronics, market experts advise caution, noting that grey market movements are unofficial, unregulated, and highly volatile. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
