The Rs 460.43 crore IPO, which acquired a blockbuster 150.21 occasions general subscription.
The IPO consisted of a contemporary challenge of Rs 400 crore and a suggestion on the market price Rs 60.44 crore. It attracted large curiosity throughout investor classes: QIBs subscribed 266.21 occasions, non-institutional buyers 226.44 occasions, and retail buyers 47.36 occasions.
Anchor buyers had already pumped in Rs 138.13 crore earlier than the difficulty opened, with distinguished home and world establishments taking part.
GNG Electronics operates beneath the “Electronics Bazaar” model and affords refurbished ICT gadgets—laptops, desktops, and equipment—by a vertically built-in mannequin that features sourcing, refurbishing, promoting, and after-sales service.
The corporate offers buyback and e-waste administration providers for large-format retailers like Vijay Gross sales and OEMs akin to HP and Lenovo, giving it an edge within the rising round electronics economic system.Its community spans 38 international locations and consists of over 4,000 touchpoints throughout India and overseas.The corporate employs 1,194 folks and continues to broaden aggressively within the refurbished IT {hardware} ecosystem, a section seeing sturdy tailwinds amid price-sensitive demand and ESG-led procurement preferences.
In FY25, the corporate reported income of Rs 1,420 crore, up 24% from the earlier yr, whereas internet revenue rose 32% to Rs 69 crore.
Regardless of absolutely priced valuations, the itemizing buzz stays intact, supported by sturdy fundamentals, class management, and distinctive subscription numbers. All eyes are actually on whether or not the inventory can dwell as much as its itemizing pop.
(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t symbolize the views of the Financial Instances)
