Gng Electronics Ipo Opens On July 23; Check All Details Like Price Band, Lot Size & More

GNG Electronics, India's largest refurbisher of laptops and desktops, is group to motorboat its first nationalist offering (IPO) pinch a value set of Rs 225-237 per share. The IPO will unfastened for subscription connected July 23 and adjacent connected July 25. The rumor includes a caller issuance of shares worthy Rs 400 crore and an offer-for-sale of 25.5 lakh shares by promoters, making nan full rumor size astir Rs 460.44 crore astatine nan precocious value band.

Retail investors tin participate successful this IPO pinch a batch size that includes a minimum finance request aligned pinch nan value band. The IPO stock allotment is scheduled for finalisation connected July 28, and nan shares are group to beryllium listed connected nan BSE and NSE connected July 30. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are nan lead managers for nan issue, pinch Bigshare Services arsenic nan registrar.

The superior nonsubjective of this IPO is to trim GNG Electronics' indebtedness load by Rs 320 crore, alongside utilising nan costs for wide firm purposes. Operating nether nan marque “Electronics Bazaar,” nan institution offers a broad scope of services from sourcing, refurbishment, sales, to after-sales services, including warranties and elastic costs options.

GNG Electronics operates 5 refurbishing accommodation crossed India, nan USA, and nan UAE. Financially, nan institution has shown robust performance, pinch profits increasing from Rs 52.31 crore successful nan erstwhile fiscal twelvemonth to Rs 69.03 crore successful FY25. During nan aforesaid period, gross accrued from Rs 1,138.1 crore to Rs 1,420.37 crore.

In nan competitory landscape, GNG Electronics' only listed adjacent is Newjaisa Technologies, which is smaller successful comparison. This gives GNG a competitory separator successful nan market. The IPO intends to fortify its marketplace position further.

Investors tin prosecute pinch nan IPO starting July 23. Key dates see nan IPO unfastened and adjacent dates, allotment finalisation connected July 28, and trading commencement connected July 30. The IPO anchor book will unfastened for organization investors connected July 22.

Published on: Jul 18, 2025 11:00 AM IST