GNG Electronics Ltd. | Globe Capital Market LTD.
GNG Electronics Ltd.
Closed
Price Band
₹225 to ₹237 per share
IPO Issue Period
July 23, 2025 to July 25, 2025
Issue Size
₹460.43 Cr
Face value
₹2 per share
Fresh issue
₹400.00 Cr
Offer for sale
₹60.44 Cr
Minimum Shares for Retail
63 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Bigshare Services Pvt Ltd
Tentative Listing Date
Wed, Jul 30, 2025
QIB
50%
NII
15%
Retail
35%

Motilal Oswal Investment Advisors Limited
IIFL Capital Services Limited
Jm Financial Limited

GNG Electronics Limited 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 operate under the brand “Electronics Bazaar”, offering sourcing to refurbishment to sales to after– sale services and providing warranty.

The company offers other value–added services such as ITAD and e – waste management services, warranties, doorstep service, on-site installation, flexible pay options, easy upgrades, assured buyback programmes and buyback programmes for refurbished ICT Devices. GNG Electronics provides tailored buyback solutions for laptops and desktops to help large format retail stores such as Vijay Sales (India) Private Limited (“Vijay Sales”) and OEM brand stores such as HP India Sales Private Limited (“HP”) and Lenovo Global Technology (India) Private Limited (“Lenovo”) to run efficient, customer–friendly buyback programs facilitating sale of new devices. The company have a sales network with the refurbished ICT Devices being sold in 38 countries as of March 31, 2025. GNG Electronics sales network comprises 4,154 touch points in India and globally, as of March 31, 2025.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 1,420.37 1,143.80 662.79
Profit After Tax 69.03 52.31 32.43
EPS 7.09 5.37 3.33
OPM (%) 8.94% 7.46% 7.59%
PATM (%) 4.89% 4.60% 4.92%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
GNG Electronics Ltd. *2702.07 237 10.16 33.42 1,420.37 69.03
Newjaisa Technologies Ltd. 119.85 33.9 1.41 0 65.66 -1.13

*Market cap @upper band

 

  • India’s largest refurbisher of laptops and desktops and among the largest refurbishers of ICT devices overall, both globally and in India;
  • It is a company with domestic and international operations with five refurbishing facilities across India, USA and UAE;
  • Strong global supply chain, established sourcing base with long tail of vendors and wide customer base;
  • Well – established refurbishing capabilities and state – of – art infrastructure, with focus on quality;
  • Well positioned to harness global shift to sustainability and growing focus on ESG;
  • Experienced management team and qualified personnel with significant industry experience; and
  • Track record of profitability and consistent financial performance.
  • Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and the Material Subsidiary namely, Electronics Bazaar FZC and
  • General corporate purposes.

At the upper band of IPO Rs. 237, the stock is valued at 33.42 times. Hence, Well-informed investors subscribe for long term.

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