India’s tech and electronics market is buzzing with excitement as GNG Electronics Ltd opens its ₹460.43 crore Initial Public Offering (IPO) on July 23, 2025. With strong grey market signals and bullish investor interest, this IPO is attracting attention from retail and institutional investors alike
Anchor & Subscription Update
Anchor Investment: ₹138.13 crore from major institutions including Goldman Sachs, Motilal Oswal MF, and Mirae Asset
Day 1 Subscription (as of mid-day):
Retail Investors: 5×
Non-Institutional Investors (NII): 10×
Qualified Institutional Buyers (QIB): 0.3× (expected to rise by Day 3)
About GNG Electronics
GNG Electronics Ltd is a leader in the refurbished electronics space—particularly laptops, tablets, and desktops—serving markets across India, Southeast Asia, the Middle East, and Europe
🔧 Core Offerings:
- Refurbished and certified laptops (main revenue driver)
- Sustainable, cost-effective tech solutions
- B2B & B2C distribution channels
Financial Performance (FY25):
- Revenue: ₹1,420 crore (up 24% YoY)
- Net Profit: ₹69 crore
- PAT Margin: 4.9%
- Return on Equity (RoE): ~30%
https://digitalinternational.in/
Use of IPO Proceeds
₹320 crore will be used for debt repayment.
Remaining funds to go toward:
Working capital
Corporate initiatives
Business expansion
DIGI MERCH STORE PRINT ON DEMAND
Expert Recommendations
Anand Rathi: Strong brand and growth outlook
Arihant Capital: Positive on sector trends
Canara Bank Securities: Backed by solid fundamentals
GEPL Capital: Bullish on global presence and high RoE
https://digitalinternational.in/
Verdict: Should You Subscribe?
High GMP (₹105)
Strong financials
Rising demand for refurbished tech
Wide global presence
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