Are you looking for GNG Electronics IPO open date is July 23, 2025 and the IPO will close on July 25, 2025. Here, I will share my experience about GNG Electronics IPO financial and company data.
GNG Electronics IPO price band is ₹225 to ₹237 per share. The company reported revenue of ₹1,420.37 crores in 2025 and profit of ₹69.03 crores in 2025.
GNG Electronics Limited was incorporated on October 19, 2006, as a private limited company and converted into a public limited company in November 2024. Headquartered in Mumbai, the company specializes in the refurbishment and resale of used electronic devices including smartphones, laptops, smartwatches, and accessories, catering to both B2B and B2C customers across India.
GNG Electronics IPO Details
| IPO Open Date: | July 23, 2025 |
| IPO Close Date: | July 25, 2025 |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹225 to ₹237 Per Share |
| Issue Size: | Approx ₹460.43 Crores |
| Fresh Issue: | Approx ₹400 Crores |
| Offer for Sale: | Approx 25,50,000 Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
GNG Electronics IPO Market Lot
The GNG Electronics IPO minimum market lot is 63 shares with ₹14,931 application amount. The retail investors can apply up-to 13 lots with 819 shares of ₹1,94,103 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 63 | ₹14,931 |
| Retail Maximum | 13 | 819 | ₹1,94,103 |
| S-HNI Minimum | 14 | 882 | ₹2,09,034 |
| B-HNI Minimum | 67 | 4,221 | ₹10,00,377 |
GNG Electronics IPO Market Lot
The GNG Electronics IPO minimum market lot is 63 shares with ₹14,931 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 63 | ₹14,931 |
| Retail Maximum | 13 | 819 | ₹1,94,103 |
| S-HNI Minimum | 14 | 882 | ₹2,09,034 |
| B-HNI Minimum | 67 | 4,221 | ₹10,00,377 |
GNG Electronics Business Model
Here I have hear from company management, the company’s operations revolve around two business verticals:
- B2B Segment: Largest revenue contributor via bulk refurbishment and resale.
- B2C Segment: Operates under the Mobigarage brand on platforms like Flipkart, Amazon, Snapdeal, and Shopclues.
Their value chain includes device collection, testing, data sanitization, refurbishment, packaging, and delivery. - Brand Collaborations: Works with brands like Xiaomi, Realme, Nokia, Vivo, Motorola, Samsung, OnePlus, and Apple.
- Core Focus: Refurbishment and resale of electronic products including mobile phones, tablets, laptops, smartwatches, and accessories.
- Primary Business: Refurbishing and distributing pre-owned electronic gadgets.
- Service Offerings: Collection, testing, quality control, data wiping, refurbishment, repackaging, and resale.
GNG Electronics Industry Outlook
According to the commissioned 1Lattice report:
- The refurbished electronics market in India is expanding due to rising smartphone adoption, affordability trends, and e-waste awareness.
- Competition remains fragmented, but organized players like GNG are well-positioned.
- Demand is strongest in Tier 2 and 3 cities.
Promoters of GNG Electronics IPO
The promoters of the company are Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited and Kay Kay Overseas Corporation.
GNG Electronics IPO Company Financial Report
The company reported revenue of ₹1,420.37 crores in 2025 against ₹1,143.80 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹521.92 | ₹497.67 | ₹21.77 | ₹194.71 |
| 2023 | ₹662.79 | ₹627.37 | ₹32.43 | ₹285.50 |
| 2024 | ₹1,143.80 | ₹1,086.47 | ₹52.31 | ₹585.82 |
| 2025 | ₹1,420.37 | ₹1,342.02 | ₹69.03 | ₹719.46 |
GNG Electronics IPO Valuation – FY2025
Check GNG Electronics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 30.40% |
| ROCE: | 17.31% |
| EBITDA Margin: | 8.94% |
| PAT Margin: | 4.89% |
| Debt to equity ratio: | 1.92 |
| Earning Per Share (EPS): | ₹7.09 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.40% |
| Net Asset Value (NAV): | ₹23.31 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Newjaisa Technologies Limited | (0.32) | NA | (1.45) | 22.09 | 66.45 Cr. |
Objects of the Issue
- Incremental working capital
- General corporate purposes.
GNG Electronics IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- IIFL Capital Services Limited
- JM Financial Limited
Company Address
GNG Electronics Ltd.
Unit No. 415, Hubtown Solaris,
N.S. Phadke Marg,
Andheri (East),
Mumbai, Maharashtra, 400069
Phone: +91 22 3123 658
Email: compliance@electronicsbazaar.com
Website: https://www.electronicsbazaar.com/
GNG Electronics IPO FAQs
When GNG Electronics IPO will open for subscription?
The IPO is to open on July 23, 2025 for QIB, NII, and Retail Investors. The IPO will close on July 25, 2025.
What is GNG Electronics IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is GNG Electronics IPO Issue Size?
GNG Electronics IPO issue size is ₹460.43 crores.
What is GNG Electronics IPO Price Band?
GNG Electronics IPO Price Band is ₹225 to ₹237.
What is GNG Electronics IPO Lot Size?
The minimum bid is 63 Shares with ₹14,931 amount.
What is the GNG Electronics IPO Allotment Date?
GNG Electronics IPO allotment date is July 28, 2025.
What is the GNG Electronics IPO Listing Date?
GNG Electronics IPO listing date is July 30, 2025. The IPO is to list on BSE & NSE.