GNG Electronics IPO 2025: Full Details & GMP

GNG Electronics Ltd., a well-known company selling refurbished laptops and desktops under the brand “Electronics Bazaar”, is now coming up with its IPO. This ₹460.43 crore public issue will be open from July 23 to July 25, 2025. It includes a fresh issue of ₹400 crore and an offer for sale of ₹60.44 crore. The price band of the share has been kept at ₹225 to ₹237 per share. If you are thinking of investing in the technology sector, then this IPO can be a good opportunity.

GNG Electronics IPO Particulars

About GNG Electronics Ltd.

GNG Electronics Ltd. was founded in 2006. The company provides resale and service of refurbished laptops, desktops and other ICT devices. The company operates under the brand “Electronics Bazaar” and provides a complete service from sourcing of products to sales and after-sales service.

Global and domestic presence : GNG’s network is spread across 38 countries including India, America, Europe, Africa and UAE. As of March 31, 2025, the company has a strong sales network of 4,154 touchpoints.

Key services and clients : The company also offers value-added services like ITAD (IT Asset Disposal), e-waste management, onsite installation, doorstep service and warranty. GNG also runs buyback programs in collaboration with major brands like HP, Lenovo and Vijay Sales to promote sales of new devices.

Workforce and Scalability : The company has 1,194 employees as of March 31, 2025, and its business is rapidly scalable as it caters to the ever-growing refurbished market.

Key Strengths : The biggest strength of GNG Electronics is its end-to-end model, which sets it apart from competitors. The customer gets all the facilities like purchase, service, warranty and buyback at one place.

Financial Performance

Objective of the GNG Electronics Ltd. IPO

IPO Reservation Details

Competitive Strengths of GNG Electronics Ltd.

Strong presence from India to the global market : GNG Electronics’ hold is not limited to India. Today, the company is selling its products in more than 38 countries like America, Europe, Africa and UAE. As of March 31, 2025, the company’s network has expanded to more than 4,000 touchpoints, which reflects its strong supply chain and international expansion.

All digital solutions under one roof : GNG does not just refurbish and sell old laptops or desktops it handles the entire process from collecting them to repair, service, warranty, easy upgrades and buyback. This end-to-end model gives customers a reliable and convenient experience.

Partnership with trusted brands : Big brands like HP, Lenovo and Vijay Sales run customer buyback programs in collaboration with GNG. This not only gives GNG recognition in the corporate sector, but customers also get better deals on new devices — which further increases the company’s market value.

Consistent financial strength in three years : GNG has consistently increased its revenue and profits in the last three financial years. The increase in earnings from ₹ 662 crores in FY23 to ₹ 1,420 crores in FY25 is proof that the company has improved its business every year and kept profitability strong.

Environmentally conscious and smart business model : The company’s asset-light model i.e. better returns on less investment reflects its smartness. Also, through services like e-waste management and ITAD, GNG does business keeping the environment in mind, which is a big responsibility in today’s time.

Future-ready – fast-growing operation : GNG’s model is designed in such a way that it can be scaled rapidly in any country including India. The company’s technical expertise, service network and global demand can make it a fast-growing brand in the future.

Potential Risks Associated with Investing in GNG Electronics

Debt burden is high : The company’s debt-to-equity ratio is 1.95, which shows that the company currently has a lot of debt. If earnings fall for any reason, this debt can become a pressure for the company.

High dependence on refurbishing market : GNG’s major business sector is refurbishing ICT devices (laptops, desktops). If demand in this sector decreases or there is a change in technology, the company’s income may be affected.

Compliance with regulatory rules is challenging : The company does business in many countries, where there are different legal and regulatory frameworks everywhere. In such a situation, the company may face problems if there is a change in rules in any country.

Competition is quite intense : Both local and global companies are active in the refurbished market. Entry of new players in this sector and reduction in prices can affect the company’s growth.

Valuation may seem a bit expensive : The company’s price-to-earnings (P/E) ratio after the IPO will be 39.14, which is higher than the pre-IPO 33.35. This may seem like a slightly expensive valuation to investors, especially when there are other options available in the market.

Technological changes may make the stock outdated : The world of technology is changing rapidly. If the company’s stock or inventory is not updated according to time, then the sales of old products may decline and losses may occur.

GNG Electronics IPO Grey Market Premium (GMP)

There is tremendous enthusiasm in the grey market regarding the GNG Electronics IPO. Its GMP has reached ₹ 92 on 22 July 2025, which is the highest level ever. If the trend continues at this pace, then the stock can be listed around ₹ 329 (based on the issue price of ₹ 237). This means that investors can get a profit of about 39% on the very first day – which is considered a great start for any IPO.

It is not that this boom has come suddenly. For the last few days, GMP has been going up continuously – sometimes ₹ 71, sometimes ₹ 85, and now it has reached ₹ 92. This clearly shows that there is a positive sentiment in the market regarding this IPO.

Subject to Sauda Price

• Retail investors: ₹4,400
• Small HNI (sHNI): ₹61,600

It is clear from this data that the demand is strong in the retail and HNI segments as well.

Recent GMP Trend : GMP has shown a positive trend in the last 5 trading sessions

• Minimum GMP: ₹71
• Maximum GMP: ₹92

This steadily rising trend indicates that the stock may have a good listing, especially since it has already received strong bookings of ₹138.13 crore from anchor investors.

If the market sentiment remains the same, GNG Electronics IPO may see a strong opening on the listing day. This can become a profitable entry point for investors.

Also Read : Best Data Center Stocks in India 2025

Final Thoughts

GNG Electronics Ltd. is a company engaged in a sector that is growing rapidly refurbished devices and tech services. The company’s business model, financial performance and grey market activity have kept it in the news. However, market direction and post-listing movement will depend on many factors. It is important for investors to keep an eye on further information keeping in mind the current situation of the company and potential risks.