IPO Overview
GNG Electronics Ltd, India’s largest refurbisher of laptops and desktops, is set to launch its ₹460.43 crore IPO from July 23 to July 25. The offering includes:
* Fresh issue of ₹400 crore
* Offer-for-sale of ₹60.43 crore by existing promoters
* Price band fixed at ₹225–₹237 per share
* Minimum lot size: 63 shares (₹14,931 investment)
Grey Market Premium (GMP) Signals
* GMP currently stands at ₹100 per share
* Implies estimated listing price of ₹337, a 42.19% premium over the upper band
* Reflects strong investor appetite and bullish sentiment
Subscription Trends & Anchor Investment
* IPO subscribed 146x overall on Day 3
* QIBs: 266x, NIIs: 226x, Retail: 44x
* ₹138 crore raised from anchor investors on July 22
Company Snapshot
* FY25 revenue: ₹1,420 crore; PAT: ₹69 crore
* Refurbished 5.9 lakh devices across 38 countries
* EBITDA margin improved to 8.9%; RoE at 30.4%
* Operates under the Electronics Bazaar brand
Use of Proceeds
* Debt repayment
* Working capital needs
* General corporate purposes
Listing & Outlook
* Allotment expected July 28; listing on BSE and NSE by July 30
* Brokerages recommend ‘Subscribe’ citing strong growth, ESG tailwinds, and market leadership
Sources: News18, CNBC TV18, Business Standard, MSN India