Listed

GNG Electronics Ltd IPO

GNG Electronics Ltd. is engaged in the trading and refurbishment of used electronic devices, offering affordable and sustainable technology solutions. The company focuses on quality-checked second-hand products catering to cost-conscious consumers and businesses. With increasing demand for refurbished electronics, GNG aims to expand its reach and operational capacity through this IPO.

RHP DRHP

Min Investment

₹14,175

Lot Size

63 Shares

Price Range

₹237.0

Issue Size (₹ Cr.)

₹460.43

IPO Type

BSE NSE

Key Metrics

Face Value

₹ 2

GMP

₹ 100.0

Subscription

15.81x

EPS

₹ 6.05

P/E Ratio

39.14 x

RoNW

30.40%

ROE

30.40%

Debt to Equity (₹ Cr.)

1.95

Timeline

IPO Opened23/07/2025Wednesday

IPO Closed25/07/2025Friday

Allotted28/07/2025Monday

Refunded29/07/2025Tuesday

Listed30/07/2025Wednesday

Strengths

Market Leadership: The company is a leading player in the refurbished electronics sector, especially in laptops and desktops, enhancing its credibility and demand.
Global Reach: With presence in multiple countries and refurbished centers in India and abroad, GNG has established a wide international footprint.
Eco-Friendly Business Model: Promotes sustainable consumption by extending the life of electronics, appealing to environmentally conscious consumers.
Strong Financial Growth: Rapid growth in revenue and profitability over recent years shows robust business performance and investor confidence.
Brand Partnerships: Works with major brands like Microsoft, HP, and Lenovo, which supports its trustworthiness and customer appeal.

Weaknesses

High Reliance on Used Asset Sourcing Dependence on procurement of second-hand electronics can lead to variability in device quality, limiting control over inventory consistency.
Competitive Market Pressures The refurbished electronics space is becoming crowded, with both organized and informal operators creating pressure on pricing and margins.
Regulatory and Compliance Risk Being in the used electronics business, GNG may face evolving import regulations, environmental norms, and recycling policies that could impact operations.
Customer Retention Challenges Since many buyers seek low-cost refurbished devices, price sensitivity and changing client preferences pose customer churn risks.
Operational Scalability Constraints Expansion in refurbishment infrastructure can be capital and labor-intensive, with limited automation in key processes.