Archive · 23 Jul 2025
GNG Electronics IPO: Details, GMP, Brokerage Views, and More
GNG Electronics, which sells refurbished tech, is offering shares to the public (IPO).
They aim to raise around Rs 460 crore by selling new and existing shares.
Shares will cost between Rs 225-237 each.
Before the IPO, they raised money from investors.
The grey market suggests high demand, and the stock could be worth more when it starts trading.
The company fixes, tests, and resells used tech devices, helping reduce waste.
Financials predict growth in both sales and profit.
Some experts think it's a good investment, while others are unsure.
GNG Electronics launched an IPO to raise Rs 460.44 crore, including new shares and shares from existing investors.
The IPO price per share is set between Rs 225 and Rs 237.
The Grey Market Premium (GMP) indicates strong investor interest, with a potential listing price of around Rs 342.
GNG Electronics operates under the name "Electronics Bazaar", refurbishing and selling ICT devices.
Brokerage views are mixed, with some recommending 'Subscribe' while others remain neutral.
- Who
- GNG Electronics, an ICT device refurbishing firm.
- What
- GNG Electronics launched an IPO.
- When
- The IPO opened recently and the listing is tentatively set for July 30.
- Where
- The IPO is taking place in India.
- Why
- To raise funds for the company.
Positive View
Neutral View
Investment Recommendation
Positive View
Some brokerages have a 'Subscribe' rating based on the company's growth potential and reasonable valuation.
Neutral View
Other brokerages have a neutral stance, citing higher valuation compared to peers.
- IPO Amount
- Rs 460.44 crore
- Price per share
- Rs 225-237
- GMP
- 44%
- Company Business
- Refurbishing ICT devices
- FY25 Revenue Estimate
- Rs 1,420 crore
- FY25 Profit Estimate
- Rs 69 crore
