GNG Electronics came to market through an IPO that opened on 23 July 2025 and closed on 25 July 2025, and the shares listed on 30 July 2025 on BSE, NSE. The price band was ₹225 to ₹237 per share and one lot was 63 shares, so the minimum application was ₹14,931. The issue size was ₹460.43 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, Jm Financial Limited were the lead managers.
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Established in 2006, GNG Electronics Limited provides laptop, desktop and ICT Device refurbishing services both internationally and in India. They have a strong presence within India, USA, Europe, Africa and UAE. They work under the brand name 'Electronics Bazaar' providing sourcing to refurbishment to sale to after– sale service and guaranteeing.
The organization provides other value–added services including ITAD and e – waste management services, warranties, doorstep service, on-site installation, convenient payment options, simple upgrades, guaranteed buyback programmes and buyback programmes for refurbished ICT Devices.
GNG Electronics offers customized buyback programs for desktops and laptops to enable large format retail chains like Vijay Sales (India) Private Limited (Vijay Sales) and OEM brand chains like HP India Sales Private Limited (HP) and Lenovo Global Technology (India) Private Limited (Lenovo) to operate cost-effective, customer-friendly buyback programs enabling sale of new products. The company have sales network with the refurbished ICT Devices being retailed in 35 countries as of September 30, 2024.
GNG Electronics sales network consists of 3,265 touchpoints, in India and international, as of September 30, 2024.
As described in the offer document.
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Laptops refurbisher GNG Electronics raises Rs 138.1 crore through anchor book before IPO. Goldman Sachs, Motilal Oswal Mutual Fund, Mirae Asset, Edelweiss Trusteeship, Buoyant Opportunities Strategy, Bengal Finance, and Founders Collective Fund acquired the shareholding in the company through investment through anchor book. Other institutional investors invested money in GNG are Mint Focused Growth Fund, LC Pharos Multi Strategy Fund, Sameeksha India Equity Fund, Niveshaay Hedgehogs Funds, M7 Global Fund, and Astorne Capital.
Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited, Kay Kay Overseas Corporation. Promoter holding 95.01% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
GNG Electronics IPO was a ₹460.43 crore book-built issue, comprising a fresh issue of ₹400 crore and an offer for sale of ₹60.44 crore. It was priced at ₹225–₹237 per share with a lot size of 63 shares (₹14,931). The IPO was open from July 23 to July 25, 2025. Shares listed on BSE and NSE on July 30, 2025 at ₹355, a 49.8% premium to the issue price of ₹237. Bigshare Services Pvt Ltd is the registrar.
Motilal Oswal Investment Advisors Limited and 2 other book running lead managers manage the issue.
The price band of GNG Electronics IPO is ₹225 to ₹237 per share.
The lot size of GNG Electronics IPO is 63 shares.
The minimum investment for GNG Electronics IPO is approximately ₹14,931 based on the upper price band.
The allotment date of GNG Electronics IPO is Jul 28, 2025.
GNG Electronics IPO's final recorded GMP before listing was ₹92 per share (a 39% premium over the ₹237 upper price band). The shares listed at ₹355. GMP is unofficial and does not forecast or guarantee the actual listing price.
GNG Electronics IPO listed on Jul 30, 2025. It was issued at ₹355.0(NSE) and is currently around ₹691.35 as on 3-Nov-2026 3:30 PM, which is approximately 191.7% versus issue price. The 52-week high is ₹740.40.
You can check GNG Electronics IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GNG Electronics IPO allotment status on Rupix for quick and easy access.
₹225 to ₹237 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 63 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,931.
₹14,931, for one lot of 63 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 July 2025 and closed on 25 July 2025.
The basis of allotment was published on 28 July 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 July 2025 on BSE, NSE.
The issue size was ₹460.43 crore. The fresh issue was 1,68,77,637 shares (aggregating up to ₹400 crore). The offer for sale was 25,50,000 shares (aggregating up to ₹60.44 crore).