IPO Details
Bidding Dates
23 Jul 25 - 25 Jul 25
Lot Size
63
Price Range ₹
225 - 237
Exchange Status
NSE,BSE
Total Equity
₹ 0.00Cr
IPO Doc
IPO Timeline
Offer start
23 Jul 2025
Offer end
25 Jul 2025
Allotment
28 Jul 2025
Refund initiation
29 Jul 2025
Demat transfer
29 Jul 2025
Listing
30 Jul 2025
Offer start
23 Jul 2025
Offer end
25 Jul 2025
Allotment
28 Jul 2025
Refund initiation
29 Jul 2025
Demat transfer
29 Jul 2025
Listing
30 Jul 2025
About Company
Incorporated in 2006, 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 touchpoints in India and globally, as of March 31, 2025. As of March 31, 2025., The company had 1,194 employees.
Year Founded
19-10-2006
Promotor Details
Rinku Vikas Arora
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 95.01 | 0 |
| Share Capital | 92286705 | 0 |
Project Details
- Funding the working capital requirements of our Company - 2600cr
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowin - 3200cr
Objectives
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Material Subsidiary namely, Electronics Bazaar FZC
- andGeneral corporate purposes.
Highlights
- Operations across 38 countries with 4,154 touchpoints, giving it international scale.
- Covers sourcing to refurbishing, resale, after-sales, warranties, and e-waste management — a full-cycle service.
- 30.4% Return on Equity and a 32% rise in profit YoY indicate solid profitability.
- Managing global refurbishing logistics, compliance, and service standards increases business risks.
- Rising demand for affordable ICT devices and sustainability-driven refurbishing creates long-term opportunity.
Challenges
- Debt/Equity ratio of 1.95 indicates a leveraged balance sheet with potential interest burden.
- PAT margin at 4.89% and EBITDA margin below 9% suggests thin profitability in a competitive market.
- High P/E of 39.14 (post-IPO) and P/B of 10.17 may suggest the stock is priced aggressively.
- Works with major retail and OEM brands like HP, Lenovo, and Vijay Sales, providing stable demand.
- Heavy reliance on a few large clients (like HP, Lenovo, Vijay Sales) may affect revenues if partnerships change.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 2,852.89 | 0.39 | 523.05 | 521.38 | 5.3368 |
| 2025 | 7,194.61 | 194.27 | 690.33 | 688.31 | 7.0861 |
| 2022 | 1,945.06 | 0.39 | 217.70 | 217.13 | 2.2225 |
| 2024 | 5,858.24 | 0.39 | 324.28 | 323.28 | 3.3091 |
