The difficulty includes a recent fairness increase of Rs 400 crore and a suggestion on the market price Rs 60.44 crore by present shareholders. The IPO is priced within the vary of Rs 225–237, translating to a P/E of 33.3x on FY25 earnings.
Forward of the problem, the corporate raised Rs 138 crore from anchor traders on July 22, allocating over 58 lakh shares.
GNG Electronics is a distinguished participant within the refurbished ICT (Data and Communication Expertise) gadget section. The corporate operates underneath the model “Electronics Bazaar” and gives end-to-end lifecycle options — from sourcing to refurbishment, distribution, after-sale service, and buyback applications.
Its purchasers embody main retail and OEM manufacturers equivalent to Vijay Gross sales, HP, and Lenovo.
Financially, GNG has reported robust development. Income rose 24% year-on-year to Rs 1,420 crore in FY25, whereas revenue after tax jumped 32% to Rs 69 crore.Proceeds from the problem might be primarily used to repay excellent borrowings of the corporate and its UAE-based subsidiary, Electronics Bazaar FZC, with Rs 320 crore allotted for this objective. The stability will go towards normal company functions.Motilal Oswal is the only book-running lead supervisor and Bigshare Providers is the registrar.
With a pointy rise in digital adoption and demand for cost-effective computing units, GNG Electronics is trying to scale up its operations and reinforce its management within the rising refurbished electronics market.
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SBI Securities and Canara Financial institution Securities have each given it a “Subscribe” score, citing scale, development, and strategic positioning.
“GNG operates in a fragmented however fast-formalising market. With operations in 38 international locations, refurbishing over 5.9 lakh units in FY25, and a 46% income CAGR over FY23–FY25, the corporate is well-poised to profit from affordability-driven demand and ESG tailwinds,” the brokerages mentioned.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t characterize the views of the Financial Occasions)
