The Indian stock market has once again caught fire with a high-demand public issue. GNG Electronics, one of India’s rising stars in the refurbished electronics segment, launched its Initial Public Offering (IPO) on July 23, 2025, and the buzz around it is growing rapidly among retail investors, HNIs, and the startup investing community.
Let’s dive into the complete IPO details, subscription data, price band, company fundamentals, GMP, and expert opinions to help you decide if GNG Electronics IPO is worth applying for.
📌 IPO Snapshot
| Particular | Details |
|---|---|
| IPO Open Date | July 23, 2025 |
| IPO Close Date | July 25, 2025 |
| Price Band | ₹225 – ₹237 per share |
| Total Issue Size | ₹460.43 crore (₹400 crore Fresh + ₹60.43 crore OFS) |
| Lot Size | 60 shares per lot |
| Minimum Investment | ₹13,500 (Retail Category) |
| Listing Exchange | BSE and NSE |
| Expected Listing Date | July 30, 2025 |
🏢 About GNG Electronics
GNG Electronics Ltd is a tech-driven company involved in refurbishing and selling consumer electronics, especially smartphones, tablets, and laptops. The company sources used electronics, repairs and upgrades them, and sells them through online and offline channels at competitive prices with warranty and quality assurance.
With rising demand for affordable and reliable electronics across Tier II and Tier III cities, GNG has positioned itself as a leader in India’s circular economy and refurbished electronics space.
💡 IPO Objectives
The company plans to utilize the IPO proceeds as follows:
- ₹320 crore towards partial repayment of existing borrowings
- Working capital requirements to expand refurbishment and supply chain capacity
- General corporate purposes, including technology upgrades and marketing
📊 Subscription Status (Day 1 Highlights)
The IPO saw a strong response on Day 1, indicating heavy investor interest:
- Retail Individual Investors (RII): 3.01x subscribed
- Non-Institutional Investors (NII): 4.63x subscribed
- Qualified Institutional Buyers (QIB): 0.02x subscribed
- Overall Subscription: 2.48x at end of Day 1
This early momentum reflects the positive sentiment and strong brand visibility of GNG Electronics across the country.
💹 Grey Market Premium (GMP)
As per IPO observers, the GMP for GNG Electronics IPO has surged to ₹100–₹105, suggesting a possible listing premium of 40%–44%. Although GMP is unofficial and volatile, it indicates strong secondary market demand for the stock even before allotment.
📈 Company Financials (FY23–FY25)
| Metric | FY23 | FY24 (Est.) | FY25 (Projected) |
|---|---|---|---|
| Revenue | ₹328 Cr | ₹615 Cr | ₹920 Cr |
| EBITDA Margin | 12.4% | 13.6% | 14.1% |
| Net Profit | ₹29 Cr | ₹48 Cr | ₹71 Cr |
| Return on Net Worth (RoNW) | 17.6% | 19.3% | 20.1% |
The company has shown strong revenue growth and improving margins, supported by the rising demand for affordable gadgets and sustainable electronics.
📣 Why GNG Electronics IPO Has Become So Popular in India
- Affordability Demand Boom: Post-COVID, the demand for low-cost, high-quality gadgets has surged in India — GNG fits perfectly in this space.
- Youth & Middle-Class Friendly Brand: It appeals to India’s young population and budget-conscious consumers.
- Tech-First Operations: GNG uses data, AI, and automation to refurbish and test devices at scale, ensuring reliability.
- Massive Word-of-Mouth: Many retail investors are actively discussing the IPO across Telegram groups, investment forums, and financial communities.
- Pre-IPO Buzz: Brokerage houses and influencers have been rating it as a high-interest IPO for 2025.
💬 What Analysts Are Saying
Leading brokerages have given a “Subscribe” recommendation, citing the company’s strong market positioning, financial track record, and potential listing gains:
- SBI Securities: “Strong growth in refurbished tech sector. Subscribe.”
- Ventura Securities: “Fast-growing brand, efficient model. Good for listing gains and long-term.”
- Arihant Capital: “India needs budget tech. GNG delivers. Safe for moderate risk investors.”
📅 Important Dates to Track
| Event | Date |
|---|---|
| IPO Close | July 25, 2025 |
| Allotment Date | July 28, 2025 |
| Refund Initiation | July 29, 2025 |
| Listing Date | July 30, 2025 |
✅ Final Verdict — Should You Apply?
Yes — GNG Electronics IPO is worth considering for both listing gains and long-term exposure to India’s growing circular electronics economy.
Apply if:
- You want exposure to the growing refurbished electronics industry
- You seek moderate risk, short-term gain potential
- You want to ride the momentum of a high-buzz IPO
Avoid if:
- You’re only investing based on grey market premium
- You’re risk-averse and prefer large-cap stability
📥 Conclusion
The GNG Electronics IPO has quickly become one of India’s most awaited and talked-about public issues in 2025. With strong financial growth, massive market demand, and high subscription levels, it offers a compelling opportunity for investors seeking value and momentum.
Stay updated, apply on time, and always invest as per your financial goals.
⚠️ Disclaimer
Chirp Stories is not a SEBI-registered investment advisor or financial consulting firm. The above content is for informational and educational purposes only. We do not provide investment advice or stock recommendations. Please consult with a certified financial advisor and do your own research before making any investment decisions, including applying for IPOs.
