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EBGNG IPO

GNG Electronics Limited
IPO Doc
Start Date23-07-2025
Application Timing10am-5pm
Price Range₹225 - ₹237
Min Qty63
Min. Investment₹14175
Listing DateNA
Close Date25-07-2025

About GNG Electronics Limited

GNG Electronics Limited, incorporated in 2006, is a leading refurbishing solutions provider for ICT (Information and Communication Technology) devices such as laptops and desktops. Operating under the brand name Electronics Bazaar, the company provides end-to-end services from sourcing to refurbishment, sales, after-sales support, and warranty both in India and globally across 38 countries.

Its value-added offerings include IT Asset Disposition (ITAD), e-waste management, doorstep service, warranty, on-site installation, buyback programs, and flexible payment options. GNG Electronics has established partnerships with major OEMs like HP, Lenovo, and retail giants like Vijay Sales to support efficient buyback solutions that promote sustainable tech consumption.

As of March 31, 2025, the company has a strong network of 4,154 sales touchpoints and a workforce of 1,194 employees, reflecting its robust operational presence and scalability.

Why To Invest in GNG Electronics Limited

Strong Financial Growth

GNG Electronics has shown consistent financial performance with a 24% year-on-year growth in revenue and a 32% increase in profit after tax in FY25, reflecting strong operational momentum.

Expanding Global Presence

The company has built a strong international footprint, selling refurbished ICT products across 38 countries, capitalizing on the global shift towards sustainable and affordable tech solutions.

Impressive Return Ratios

Key financial indicators demonstrate operational strength:

ROE: 30.40%

EBITDA Margin: 8.94%

PAT Margin: 4.89%
These metrics highlight the company’s profitability and return efficiency.

Strong Institutional Backing

Ahead of the IPO, GNG secured Rs.138.13 crore from anchor investors on July 22, 2025, indicating strong confidence from institutional participants in the company’s long-term potential.

Strategic Use of IPO Proceeds

Out of the Rs. 460.43 crore being raised, Rs. 320 crore will be used for repayment of borrowings, strengthening the balance sheet and reducing interest burden. Remaining funds will be used for general corporate purposes, supporting future expansion.

Financial Table
Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets719.46 585.82285.50
Revenue1,420.371,143.80 662.79
Profit After Tax 69.0352.3132.43
EBITDA126.1484.9050.04
Net Worth 226.46 163.14 111.60
Reserves and Surplus 176.61132.6881.13
Total Borrowing 446.92 322.33 152.02
Strengths And Risks
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Operates in High-Growth Sector: The company operates in the rapidly expanding electronics refurbishment and circular economy segment, aligned with growing environmental awareness and cost-conscious consumer behavior.
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Strong Partnerships with OEMs: GNG has established partnerships with major OEMs like HP, Lenovo, and retail chains like Vijay Sales, enabling large-scale, efficient buyback and resale programs.
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Global Distribution Network: With a presence in 38 countries and 4,154 sales touchpoints, GNG has built a robust sales and service infrastructure both in India and overseas.
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Strong Financial Performance: The company has demonstrated steady growth in revenue, profits, and EBITDA from FY23 to FY25, indicating a stable and scalable business model.
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Scalable Operations: From sourcing to after-sales service, GNG’s full-stack service model including ITAD and e-waste solutions supports scalable and repeatable business growth across geographies.
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High Financial Leverage: With a debt-to-equity ratio of 1.95, the company carries a relatively high debt burden, which may increase interest obligations and financial risk.
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Moderate Profit Margins: Despite growth, the PAT margin remains at 4.89%, suggesting limited room for margin expansion amidst competitive pricing pressures.
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Revenue Dependence on OEMs: A significant portion of revenue is tied to a few large OEM and retail partners, making the business vulnerable to changes in partnership terms or OEM policies.
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Competitive Industry Landscape: The refurbished electronics market is highly competitive, with threats from both organized and unorganized players impacting pricing power and customer loyalty.
FAQs
What is the IPO date for GNG Electronics? +
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What is the minimum investment required for retail investors? +
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