GNG Electronics IPO is gearing up to hit the primary market with a book-built issue worth βΉ460.43 crores. This IPO comprises a fresh issue of 1.69 crore equity shares, aggregating to βΉ400 crores, and an offer for sale (OFS) of 0.26 crore shares, totaling βΉ60.44 crores from existing shareholders.
The IPO opens for public subscription on July 23, 2025, and will close on July 25, 2025. The GNG Electronics IPO allotment is expected to be finalized on Monday, July 28, 2025, and the shares are proposed to be listed on both the BSE and NSE with a tentative listing date of Wednesday, July 30, 2025.
The price band for the GNG Electronics IPO is fixed between βΉ225 to βΉ237 per share. The minimum lot size is 63 shares, making the minimum investment for retail investors βΉ14,175. For sNII (Small Non-Institutional Investors), the minimum application size is 14 lots (882 shares) amounting to βΉ2,09,034, while bNII (Big Non-Institutional Investors) will need to apply for 67 lots (4,221 shares), totaling βΉ10,00,377.
With a strong mix of fresh capital infusion and promoter offloading, the GNG Electronics IPO presents an interesting opportunity for investors tracking the latest IPO activity in Indiaβs electronics and tech manufacturing sector.
GNG Electronics IPO Details
| General | Detail |
|---|---|
| IPO Date | July 23, 2025 to July 25, 2025 |
| Listing Date | [.] |
| Face Value | βΉ2 per share |
| Issue Price Band | βΉ225 to βΉ237 per share |
| Lot Size | 63 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,94,27,637 shares (aggregating up to βΉ460.43 Cr) |
| Fresh Issue | 1,68,77,637 shares (aggregating up to βΉ400.00 Cr) |
| Offer for Sale | 25,50,000 shares of βΉ2 (aggregating up to βΉ60.44 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,71,33,880 shares |
| Share Holding Post Issue | 11,40,11,517 shares |
GNG Electronics IPO Lot Size
Investors can bid for a minimum of 63 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | βΉ14,931 |
| Retail (Max) | 13 | 819 | βΉ1,94,103 |
| S-HNI (Min) | 14 | 882 | βΉ2,09,034 |
| S-HNI (Max) | 66 | 4,158 | βΉ9,85,446 |
| B-HNI (Min) | 67 | 4,221 | βΉ10,00,377 |
GNG Electronics IPO Promoter Holding
Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited and Kay Kay Overseas Corporation are the company promoters.
| Share Holding Pre Issue | 95.01% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
GNG Electronics IPO Timeline
| IPO Timeline | Dates |
|---|---|
| IPO Open Date | Wed, Jul 23, 2025 |
| IPO Close Date | Fri, Jul 25, 2025 |
| Tentative Allotment | Mon, Jul 28, 2025 |
| Initiation of Refunds | Tue, Jul 29, 2025 |
| Credit of Shares to Demat | Tue, Jul 29, 2025 |
| Tentative Listing Date | Wed, Jul 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2025 |
GNG Electronics IPO Reservation
GNG Electronics IPO offers total 1,94,27,637 shares. Out of which 97,13,818 (50.00%) allocated to QIB, 38,85,528 (20.00%) allocated to QIB, 29,14,146 (15.00%) allocated to NII, 67,99,673 (35.00%) allocated to RII and 58,28,290 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 97,13,818 (50.00%) |
| β Anchor Investor Shares Offered | 58,28,290 (30.00%) |
| β QIB (Ex. Anchor) Shares Offered | 38,85,528 (20.00%) |
| NII (HNI) Shares Offered | 29,14,146 (15.00%) |
| Retail Shares Offered | 67,99,673 (35.00%) |
| Total Shares Offered | 1,94,27,637 (100.00%) |
GNG Electronics IPO Anchor Investors Details
GNG Electronics IPO raises βΉ138.13 crore from anchor investors. GNG Electronics IPO Anchor bid date is July 22, 2025.
| Anchor Investors Details | Dates |
|---|---|
| Bid Date | July 22, 2025 |
| Shares Offered | 58,28,290 |
| Anchor Portion Size (In Cr.) | 138.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 23, 2025 |
About GNG Electronics IPO
GNG Electronics Ltd. is a growing leader in Indiaβs electronics manufacturing services (EMS) sector. The company offers complete solutions from product design to mass production for both domestic and international clients. Its end-to-end approach has made it a reliable partner in industries such as consumer electronics, automotive, telecom, and industrial automation.
Founded with a vision to support the Make in India mission, GNG Electronics has built a strong presence through its focus on quality, speed, and affordability. Its state-of-the-art manufacturing facilities, equipped with the latest technologies, support large-scale production without compromising on precision or consistency.
The company is widely respected for its customized EMS solutions, allowing flexible order sizes and fast turnarounds. It uses automated testing, smart tracking, and lean manufacturing processes to ensure top-quality output that meets international standards. These features make it a top choice for OEMs looking to scale in India.
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Now, with the upcoming GNG Electronics IPO, the company aims to raise capital to expand production, upgrade machinery, repay borrowings, and enhance working capital. This IPO will further strengthen its competitive edge in Indiaβs fast-growing electronics market.
Product Portfolio
- Printed Circuit Board Assemblies (PCBA) for industrial and consumer use
- LED lighting and smart control systems
- Telecom equipment like routers, switches, and repeaters
- Automotive electronics including infotainment modules
- Smart meters and IoT-based solutions
- Home automation and control devices
- Industrial automation panels and embedded control units
Company Strengths
- Advanced manufacturing infrastructure with SMT lines and robotics
- Strong client base with major OEMs across multiple sectors
- Focus on high-growth markets like IoT, EV components, and smart metering
- Skilled management team with decades of experience
- Dedicated R&D unit for continuous product innovation
- Strategic location near major industrial corridors
- Capacity to handle both small and bulk orders efficiently
Company Financials
GNG Electronics Ltd. Financial Information
GNG Electronics Ltd.’s revenue increased by 24% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 719.46 | 585.82 | 285.50 |
| Revenue | 1,420.37 | 1,143.80 | 662.79 |
| Profit After Tax | 69.03 | 52.31 | 32.43 |
| EBITDA | 126.14 | 84.90 | 50.04 |
| Net Worth | 226.46 | 163.14 | 111.60 |
| Reserves and Surplus | 176.61 | 132.68 | 81.13 |
| Total Borrowing | 446.92 | 322.33 | 152.02 |
| Amount in βΉ Crore | |||
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 30.40% |
| ROCE | 17.31% |
| Debt/Equity | 1.95 |
| RoNW | 30.40% |
| PAT Margin | 4.89% |
| EBITDA Margin | 8.94% |
| Price to Book Value | 10.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.11 | 6.05 |
| P/E (x) | 33.35 | 39.14 |
- Note:
- The Pre-IPO EPS has been calculated based on the pre-issue shareholding as per the details available in the Red Herring Prospectus (RHP) and the audited earnings for the financial year ended March 31, 2025.
- The Post-Issue EPS is derived using the post-issue shareholding structure and the annualized earnings for the same financial year, as disclosed in the RHP.
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (βΉ in crores) |
|---|---|---|
| 1 | Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and the Material Subsidiary namely, Electronics Bazaar FZC | 320.00 |
| 2 | General Corporate Purposes |
GNG Electronics IPO Contact Details
GNG Electronics Ltd. Contact Details
- GNG Electronics Ltd.
Unit No. 415, Hubtown Solaris,
N.S. Phadke Marg,
Andheri (East),
Mumbai, Maharashtra, 400069 - Phone: +91 22 3123 658
- Email: compliance@electronicsbazaar.com
- Website: https://www.electronicsbazaar.com/
GNG Electronics IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/IPO_Status.html
- Fresh Issue: βΉ400.00 crore (1.69 crore shares)
- Offer for Sale (OFS): βΉ60.44 crore (0.26 crore shares)
- IPO Opens: July 23, 2025
- IPO Closes: July 25, 2025
- Allotment Date: July 28, 2025
- Listing Date (Tentative): July 30, 2025
- Price Band: βΉ225 to βΉ237 per share
- Lot Size: 63 shares
- Minimum Retail Investment: βΉ14,175
- Retail Investors: 1 lot (63 shares) β βΉ14,175
- sNII (Small HNI): 14 lots (882 shares) β βΉ2,09,034
- bNII (Big HNI): 67 lots (4,221 shares) β βΉ10,00,377
- Expanding production capacity
- Upgrading manufacturing machinery
- Repaying borrowings and improving working capital
- Pre-IPO EPS is based on pre-issue shareholding and FY 2025 earnings
- Post-IPO EPS is calculated on post-issue shareholding and annualized FY 2025 results
- All EPS details are disclosed in the RHP