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Business Standard
2 days ago
- Business
- Business Standard
GNG Electronics shares list at 50% premium; should book profit or hold?
GNG Electronics IPO listing, GNG Electronics share price today: Shares of laptops and desktops refurbisher GNG Electronics made a solid D-Street debut on Wednesday, July 30, following the completion of its initial public offering (IPO). GNG Electronics shares listed at ₹355 on the National Stock Exchange (NSE), marking a premium of ₹118 or approximately 49.79 per cent over the issue price of ₹237. On the BSE, the shares debuted slightly lower at ₹350, reflecting a premium of ₹113 or around 47.68 per cent. GNG Electronics IPO listing outperformed the grey market estimates. Ahead of their D-Street debut, the unlisted shares of GNG Electronics were trading at ₹327 per share, reflecting a grey market premium (GMP) of ₹90 or 37.97 percent over the issue price, according to sources tracking unofficial market activity. Should prook profit or hold? The market analysts suggest the investors book a partial profit in the company's shares. Post-listing, the valuations, Prashanth Tapse, senior VP (Research), Mehta Equities said, appear stretched, limiting immediate upside potential from current levels. In light of this, Tapse believes conservative investors should consider booking profits and capitalizing on the initial momentum. 'Investors with a higher risk appetite or a long-term horizon may choose to hold, given the company's scalable business model, strong positioning within the SME tech segment, and alignment with favorable sectoral trends. These fundamentals, in our view, support sustained long-term growth despite potential short-term volatility,' Tapse added. Shivani Nyati, head of wealth, Swastika Investmart, echoed similar views and also recommended that investors secure partial profits while retaining the remainder of their holdings. 'The company has a significant presence across India, the USA, Europe, Africa, and the UAE. It is a leading Indian provider of reconditioned IT equipment and related services globally. The company has shown steady growth in both its top and bottom lines over the reported periods,' Nyati noted. The public offering received an overwhelming response from the investors with it getting oversubscribed by 147.93 times riding on the back of the qualified institutional buyers (QIBs), who subscribed 266.21 times the portion reserved for them. The basis of allotment was finalized on July 28, 2025. The company has set the issue price at ₹237 per share. GNG Electronics, on its red herring prospectus (RHP), has said that it will not receive any proceeds from the OFS, as those will go to the selling promoters. The company, however, proposes to utilise the proceeds from the fresh issue for the prepayment and/or repayment, in full or in part, of certain outstanding borrowings availed by the company and its material subsidiary, Electronics Bazaar FZC. GNG Electronics will further use the proceeds for general corporate purposes. About GNG Electronics Incorporated in 2006, GNG Electronics is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT devices overall, both globally and in India, with significant presence across India, USA, Europe, Africa, and UAE, in terms of value, as of March 31, 2025. The company operates under the brand 'Electronics Bazaar,' with presence across the full refurbishment value chain, i.e., from sourcing to refurbishment to sales, to after–sales services and providing warranty. As of March 31, 2025, the company has a comprehensive portfolio of 5,840 SKUs.
Mint
2 days ago
- Business
- Mint
GNG Electronics share price falls after strong listing. Should you buy, sell or hold the stock?
GNG Electronics share price traded lower after making a stellar debut in the Indian stock market today. GNG Electronics IPO listing date was today, 30 July 2025, and the equity shares of the company were listed with a strong premium on the BSE and NSE. GNG Electronics shares were listed at ₹ 355 apiece on the NSE, a premium of 49.79% to its issue price of ₹ 237 per share. On the BSE, GNG Electronics shares opened at ₹ 350 apiece, a premium of 47.68%. However, after the listing, GNG Electronics shares witnessed profit booking and fell 7% from its listing price. GNG Electronics IPO listing was better than the Street estimates, as analysts and GNG Electronics IPO GMP today, or grey market premium today, indicated a 30-40% listing premium. After a stellar listing, here's what investors should do with GNG Electronics shares. GNG Electronics offers refurbishing services for laptops, desktops and ICT Devices, both globally and in India. The company has a significant presence across India, USA, Europe, Africa and UAE. The company is the leading Indian provider of reconditioned IT equipment and offers associated services all over the world. It is the partner of choice for large IT hardware firms. Prashanth Tapse, Sr VP - Research & Research Analyst, Mehta Equities Ltd noted that GNG Electronics shares made a solid market debut, largely in line with the expectations, reflecting robust investor enthusiasm. 'The post-listing valuations appear stretched, limiting immediate upside potential from current levels. In light of this, we believe conservative investors should consider booking profits and capitalizing on the initial momentum. While investors with a higher risk appetite or a long-term horizon may choose to HOLD, given the company's scalable business model, strong positioning within the SME tech segment, and alignment with favourable sectoral trends. These fundamentals, in our view, support sustained long-term growth despite potential short-term volatility,' said Tapse. Shivani Nyati, Head of Wealth at Swastika Investmart Ltd. said that GNG Electronics marked steady growth in its top and bottom lines for the reported periods. 'Investors are recommended to secure partial profits and retain the remainder with a stop-loss set at ₹ 280,' Nyati said. At 1:00 PM, GNG Electronics share price was trading at ₹ 337.50 apiece on the BSE, lower by 3.57% from its listing price, and 42.41% higher than its issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
2 days ago
- Business
- India Today
GNG Electronics shares make bumper debut at 50% premium. Sell or hold?
GNG Electronics made a strong entry into the stock market on July 30, with its shares listing at Rs 355 apiece on the NSE. This is nearly 50% higher than the IPO price of Rs 237 per share, giving early investors a sizeable gain on listing price was even better than expected. GNG Electronics' unlisted shares were trading at around Rs 327 in the grey market before the listing, which suggested a 38% premium over the issue price. The final listing of Rs 355 comfortably beat those Rs 460 crore IPO of GNG Electronics received a big response from investors during its three-day bidding window from July 23 to July 25. The allotment of shares was finalised on July YOU SELL OR HOLD?After the strong market debut, the big question for investors is whether to sell now or continue holding the Nyati, Head of Wealth at Swastika Investmart Ltd, said, 'GNG Electronics Limited made a very strong debut on the stock market with a listing gain of approximately 50% over its issue price of Rs 237, getting listed at around Rs 352.'She added, 'The company has a significant presence across India, USA, Europe, Africa and UAE. It is the leading Indian provider of reconditioned IT equipment and offers associated services all over the world. It is the partner of choice for large IT hardware firms. The company marked steady growth in its top and bottom lines for the reported periods.'Nyati advised that investors should consider booking partial profits and keep the rest of their shares with a stop-loss of Rs 280. This means that if the price falls to Rs 280, investors should exit their position to protect their Tapse, Senior VP (Research), Mehta Equities Ltd said that post-listing valuations appear stretched, limiting immediate upside potential from current levels."In light of this, we believe conservative investors should consider booking profits and capitalising on the initial momentum. While Investors with a higher risk appetite or a long-term horizon may choose to HOLD," he added. According to NSE data, the IPO was subscribed 150.21 times in total. Retail investors subscribed their portion 47.36 times. The Qualified Institutional Buyers (QIB) segment saw the most interest, getting subscribed 266.21 times, while the Non-Institutional Investor (NII) segment was subscribed 226.44 price band for the IPO was fixed at Rs 237 per share. For retail investors, the minimum lot size was 63 shares, costing Rs 14,175. For small NIIs, the minimum investment was 14 lots or 882 shares, amounting to Rs 2,09,034. For big NIIs, the minimum lot was 67 lots or 4,221 shares, requiring an investment of Rs 10,00, Electronics is in the business of refurbishing laptops, desktops and other IT devices. It provides services not only in India but also in the USA, Europe, Africa and the UAE. The company has positioned itself as a key player in reconditioned IT equipment and offers a wide range of related is also a preferred partner for many large IT hardware companies. It has shown steady growth in both revenue and profits in recent years, which helped boost confidence in its IPO.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
Economic Times
2 days ago
- Business
- Economic Times
GNG Electronics shares tumble over 8% after listing. Should you buy, sell or hold?
Shares of GNG Electronics fell over 8% to Rs 325.5 on the NSE after making a strong debut on the exchanges on Wednesday. ADVERTISEMENT The stock opened at Rs 355 on the NSE, marking a premium of 49.8% or Rs 118 over its IPO price of Rs 237. On the BSE, it listed at Rs 350, reflecting a 47.7% gain. However, the initial gains were short-lived as investors booked profits. The Rs 460.43 crore IPO had received a strong response, with an overall subscription of 150.21 times. The issue included a fresh equity issuance worth Rs 400 crore and an offer for sale (OFS) of Rs 60.44 crore. Investor interest was robust across categories—qualified institutional buyers (QIBs) subscribed 266.21 times, non-institutional investors 226.44 times, and retail investors 47.36 times.'GNG Electronics made a solid market debut, largely in line with our expectations, reflecting robust investor enthusiasm,' said Prashanth Tapse, Senior VP (Research), Mehta Equities. 'The IPO witnessed strong demand across categories, particularly from QIBs and NIIs, underscoring confidence in the company's growth story.' ADVERTISEMENT Tapse noted that post-listing valuations appear stretched, limiting near-term upside. 'Conservative investors should consider booking profits and capitalizing on the initial momentum. However, those with a higher risk appetite or long-term horizon may choose to hold, given the scalable business model and sectoral tailwinds.'Shivani Nyati, Head of Wealth at Swastika Investmart, echoed the positive outlook but with caution: 'GNG Electronics Limited made a very strong debut with a listing gain of around 50%. The company offers refurbishing services for ICT devices globally and has shown steady growth. Investors are recommended to secure partial profits and retain the remainder with a stop-loss set at Rs 280.' ADVERTISEMENT GNG Electronics, operating under the 'Electronics Bazaar' brand, refurbishes and sells ICT devices through a vertically integrated model that includes sourcing, refurbishing, selling, and after-sales service. It also provides buyback and e-waste management services for clients such as Vijay Sales, HP, and operations spanning 38 countries and over 4,000 touchpoints, the company is expanding aggressively in the refurbished electronics space—a segment seeing strong demand amid price sensitivity and ESG-conscious procurement. ADVERTISEMENT For 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 concerns over stretched valuations, many see long-term potential due to its leadership position, global footprint, and participation in the circular electronics economy. Anchor investors had pumped in Rs 138.13 crore before the issue opened, with interest from prominent domestic and global institutions. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
GNG Electronics shares tumble over 8% after listing. Should you buy, sell or hold?
Shares of GNG Electronics fell over 8% to Rs 325.5 on the NSE after making a strong debut on the exchanges on Wednesday. The stock opened at Rs 355 on the NSE, marking a premium of 49.8% or Rs 118 over its IPO price of Rs 237. On the BSE, it listed at Rs 350, reflecting a 47.7% gain. However, the initial gains were short-lived as investors booked profits. Explore courses from Top Institutes in Please select course: Select a Course Category Product Management PGDM Finance MBA Others CXO Artificial Intelligence healthcare Public Policy Project Management Data Science Operations Management Degree Data Analytics Design Thinking Management Healthcare Leadership MCA Data Science Digital Marketing Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details The Rs 460.43 crore IPO had received a strong response, with an overall subscription of 150.21 times. The issue included a fresh equity issuance worth Rs 400 crore and an offer for sale (OFS) of Rs 60.44 crore. Investor interest was robust across categories—qualified institutional buyers (QIBs) subscribed 266.21 times, non-institutional investors 226.44 times, and retail investors 47.36 times. What do analysts say? 'GNG Electronics made a solid market debut, largely in line with our expectations, reflecting robust investor enthusiasm,' said Prashanth Tapse, Senior VP (Research), Mehta Equities. 'The IPO witnessed strong demand across categories, particularly from QIBs and NIIs, underscoring confidence in the company's growth story.' Tapse noted that post-listing valuations appear stretched, limiting near-term upside. 'Conservative investors should consider booking profits and capitalizing on the initial momentum. However, those with a higher risk appetite or long-term horizon may choose to hold, given the scalable business model and sectoral tailwinds.' Shivani Nyati, Head of Wealth at Swastika Investmart , echoed the positive outlook but with caution: 'GNG Electronics Limited made a very strong debut with a listing gain of around 50%. The company offers refurbishing services for ICT devices globally and has shown steady growth. Investors are recommended to secure partial profits and retain the remainder with a stop-loss set at Rs 280.' Company overview GNG Electronics, operating under the 'Electronics Bazaar' brand, refurbishes and sells ICT devices through a vertically integrated model that includes sourcing, refurbishing, selling, and after-sales service. It also provides buyback and e-waste management services for clients such as Vijay Sales, HP, and Lenovo. With operations spanning 38 countries and over 4,000 touchpoints, the company is expanding aggressively in the refurbished electronics space—a segment seeing strong demand amid price sensitivity and ESG-conscious procurement. Financials and Outlook For 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 concerns over stretched valuations, many see long-term potential due to its leadership position, global footprint, and participation in the circular electronics economy. Anchor investors had pumped in Rs 138.13 crore before the issue opened, with interest from prominent domestic and global institutions.
