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New Delhi: GNG Electronics IPO is all set to open for public subscription on July 23 and end on July 25, 2025. The company is India’s largest IT devices refurbishing company. Its business is spread across America and Europe.
The public offer is a bookbuilding of Rs 460.43 crore and a combination of fresh issue of 1.69 crore shares aggregating to Rs 400 crore. and offer for sale of 0.26 crore shares aggregating to Rs 60.44 crore. The company aims to raise Rs 60.44 crore, 26 lakh shares will be sold under the offer for sale by the promoter and existing shareholders.
GNG Electronics IPO price band is set in the range of Rs 225 to Rs 237 per share. Investors applying in the retail category, are required to bid for a minimum lot of 63 shares for which a minimum amount of investment of Rs 14,175 is required. The applicants making the bids in the sNII portion, an investor has to apply for 14 lots and the investment amount will be Rs 2,09,034. The bNII part investors are mandated to bid for 67 lots.
Investorgain reported that GNG Electronics shares are expected to be listed with significant gains. The latest GMP was recorded at Rs 101, which means the stocks are likely to be listed at Rs 338 apiece. The expected gain percentage is 42.62%.
GNG Electronics IPO allotment is expected to take place on July 28, 2025. The process to initiate refunds is likely to take place on 29th July and the shares are expected to be credited to the demat accounts of eligible investors on the same date. The shares will list on BSE, NSE with a tentative listing date fixed as 30th July 2025.
Brokerages including Bajaj Broking, SMIFS Limited, Canara Bank Securities and SBI Securities have covered the issue. Many brokerages have recommended subscribing to the IPO.
| Description | Information |
|---|---|
| Issue Size | Rs 460.43 crore |
| fresh issue | Rs 400 crore |
| OFS | Rs 60.43 crore |
| Price Band | Rs 225 – Rs 237 per share |
| Lot Size | 63 shares |
| Opening and closing dates | 23 – 25 July 2025 |
| Listing Date | 30/07/25 |
| Stock Exchange | BSE and NSE |
| lead manager | Motilal Oswal, IIFL, JM Financial |
| Registrar | Bigshare Services Pvt. Ltd. |
The company has recorded a surge in its net profit in the last three financial years. The company’s Earning per Share has also improved. In FY25, the firm informed that its total income and net profit almost doubled in the last three years.
| Financial Year | Total Income(Rs Crore) | Net Profit(Rs Crore) | EPS (Rs) |
|---|---|---|---|
| FY25 | 1420366 | 69.033 | 7.09 |
| FY24 | 1143797 | 52.305 | 5.37 |
| FY23 | 662786 | 32.429 | 3.33 |
(Disclaimer: (Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.))
