GNG Electronics IPO Day 1: Check GMP, Subscription Status & Key Highlights
GNG Electronics Limited launched its Initial Public Offering (IPO) today, on July 23, 2025. The company offers refurbishing services for laptops, desktops and ICT Devices in India and globally across USA, Europe, Africa and UAE.
The bidding window for GNG Electronics IPO will be open from July 23, 2025 till July 25, 2025. The allotment is expected to be finalized on Monday, July 28, 2025 and the company shares will be listed on both BSE and NSE with a tentative listing date fixed as Wednesday, July 30, 2025.
GNG Electronics Limited - IPO Details
GNG Electronic IPO is a bookbuilding of ₹460.43 crores. The issue is a combination of fresh issue of 1.69 crore shares aggregating to ₹400.00 crores and an offer for sale (OFS) of 25.5 lakh shares aggregating to ₹60.44 crores.
The issue price band is set at ₹225 to ₹237 per share. The minimum lot size for an application is 63 and the minimum investment amount required for retail investors is ₹14,931 (63 shares).
Motilal Oswal Investment Advisors Limited is the book-running lead manager of the GNG Electronics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
GNG Electronics IPO Day 1 Subscription Status
(July 23, 2025, 5 PM)
On Day 1, GNG Electronics IPO was subscribed 9.19 times. The public issue subscribed 9.30 times in the retail category, 1.68 times in QIB, and 18.85 times in the NII category.
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- 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.
- General Corporate Purposes
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GNG Electronics GMP Details
According to Livemint, the Grey Market Premium (GMP) of GNG Electronics was ₹105 as of July 23, 2025, 10:46 a.m. This indicates that the shares of the company are likely to be listed at ₹342, with a premium of 44.30% over the upper end of the price band.
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Source: Livemint Media Report dated July 23, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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About GNG Electronics Limited
GNG Electronics Limited, founded in 2006, operates under the brand Electronics Bazaar. It is among India's largest refurbishers of laptops and desktops. It also ranks as one of the largest ICT device refurbishers globally. The company operates across a full refurbishment value chain, from sourcing and refurbishing to sales, warranty, and after-sale support. Thus, helping deliver cost-effective and sustainable tech products. It also has a presence globally across the USA, Europe, Africa, and the UAE.
As of March 31, 2025, GNG Electronics has a sales network with the refurbished ICT Devices being sold in 38 countries. In FY24, GNG reported revenue of ₹1,138.1 crore and net profit of ₹52.3 crore, showing a significant growth from FY22 when revenue was ₹520.5 crore.
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