GNG Electronics IPO GMP Jumps 43%! Subscription Opens Tomorrow: All You Need to Know Before Subscribing

The upcoming GNG Electronics IPO has created excitement among investors before the bidding window opens tomorrow. The ICT device refurbisher is seeing positive grey market signals. The IPO opens for subscription tomorrow July 23 and will remain open until July 25.

GNG Electronics IPO Details

The GNG Electronics IPO is a book-built issue worth Rs. 460.43 crore, comprising a fresh issue of Rs. 400 crore and an offer-for-sale (OFS) component worth Rs. 60.44 crore. The price band has been set between Rs. 225 and Rs. 237 per share, with a lot size of 63 shares per application.

The GNG Electronics IPO allotment date can be expected on July 28, and the shares are expected to be listed on BSE and NSE on July 30.

As of July 22, 2025, the GNG Electronics IPO grey market premium (GMP) is Rs. 101.42.62% more than the IPO price band, which is Rs. 227-Rs. 237 per share. The estimated listing price is projected at around ₹338 per share.

GNG Electronics Financials

As per SBI Capital's IPO report, "The company has demonstrated robust financial performance with a Revenue CAGR of 46%, EBITDA CAGR of 58%, and PAT CAGR of 46% between FY23 and FY25. In FY25 alone, GNG is expected to report revenue of ₹1,411 crore, EBITDA of ₹117 crore, and profit after tax (PAT) of ₹69 crore."

"Moreover, the refurbished PC industry is projected to grow rapidly; the global refurbished PC market is expected to expand at a CAGR of 18.9% (CY24-CY29), while the Indian refurbished PC market is projected to grow at an even stronger 31.3% CAGR (FY25-FY30)," the report further stated.

GNG Electronics IPO Review: Subscribe or Avoid?

Out of four broking firms, including Canara Securities, Capital Markets, SBI Capital Securities Ltd., and SMIFS Ltd., who have reviewed GNG Electronics IPO, 3 of them have issued a "Subscribe" recommendation, citing the company's strong revenue growth, industry leadership, debt reduction plans, and promising sector outlook. Investors looking for both listing gains and long-term wealth creation may consider applying at the cut-off price.

About GNG Electronics Ltd.

GNG Electronics Ltd is India's largest refurbisher of laptops and desktops and is ranked among the top global refurbishers of ICT (Information and Communication Technology) devices. Operating under the brand name Electronics Bazaar, the company has built a strong presence across the refurbishment lifecycle.

The company has a global footprint, with operations in India, the USA, Europe, Africa, and the UAE. It is also the largest Microsoft-authorised refurbisher in India.

GNG Electronics enjoys a monopoly-like position in the Indian refurbished electronics segment and is part of a fast-growing global trend. It has no listed direct peers in India, making its IPO an exclusive opportunity for investors to tap into this niche sector.