119  Total SME IPOs listed in 2025

5,543.76 Crs.  Total funds raised in 2025

83  SME IPOs listed with Gain in 2025

36  SME IPOs listed with loss in 2025

119  Total SME IPOs listed in 2025

5,543.76 Crs.  Total funds raised in 2025

83  SME IPOs listed with Gain in 2025

36  SME IPOs listed with loss in 2025

119  Total SME IPOs listed in 2025

5,543.76 Crs.  Total funds raised in 2025

83  SME IPOs listed with Gain in 2025

36  SME IPOs listed with loss in 2025

119  Total SME IPOs listed in 2025

5543.76 Crs.  Total funds raised in 2,025.00

83  SME IPOs listed with Gain in 2025

36  SME IPOs listed with loss in 2025

GNG Electronics Limited IPO Analysis

GNG Electronics IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 460.43 Cr. The company is based in Mumbai and caters to Retail sector. Jm Financial , Motilal Oswal Investment Advisors , 360 ONE WAM are the merchant bankers of GNG Electronics IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 25th March 2025.

GNG Electronics IPO posted revenues of ₹ 1,420.37 Cr. and PAT of ₹ 69.03 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,420.37 Cr.
            EBITDA: ₹ 126.14 Cr.
            PAT: ₹ 69.03 Cr.
  • EBITDA Margin: 8.88 %
            Pat Margin: 4.86 %
  • Net Worth: ₹ 226.46 Cr.
  • Market Capitalisation: ₹ 2702.07 Cr.
  • P/E: 39.14 times
  • P/BV: 3.93 times
  • EV/EBITDA: 24.92 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

GNG Electronics IPO Financial Performance (Restated)

Financial results of GNG Electronics IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24 FY23 FY22
Balance Sheet
Assets 719.46 585.80 285.50 194.70
Net Worth 226.46 163.50 111.80 79.40
Total Debt 446.92 317.70 113.70 72.90
Profit & Loss
Revenue
Revenue on annualised basis
1420.37 1138.10 659.90 520.40
EBITDA
EBITDA on annualised basis
126.14 84.90 49.99 34.60
PAT
PAT on annualised basis
69.03 52.30 32.42 21.70
Financials
FY25
FY24
FY23
FY22
Balance Sheet
Assets
719.46
585.80
285.50
194.70

Net Worth
226.46
163.50
111.80
79.40

Total Debt
446.92
317.70
113.70
72.90

Profit & Loss
Revenue
Revenue on annualised basis
1,420.37
1,420.37
1,138.10
659.90
520.40

EBITDA
EBITDA on annualised basis
126.14
126.14
84.90
49.99
34.60

PAT
PAT on annualised basis
69.03
69.03
52.30
32.42
21.70

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

GNG Electronics IPO Key performance Indicators (KPI)

GNG Electronics IPO PAT Margin is 4.86 % , ROCE (Return on Capital Employed) is 17.31 % as per latest financial. The below table shows GNG Electronics IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24 FY23 FY22
EBITDA Margin (%) 8.88 7.46 7.58 6.65
PAT Margin (%) 4.86 4.60 4.91 4.17
EPS (₹) 7.09 5.37 3.33 2.25
ROE (%) 30.48 31.99 29.00 27.33
ROCE (%) 17.31 16.72 17.91 18.06
ROA (%) 9.59 8.93 11.36 11.15
Debt to Equity 1.97 1.94 1.02 0.92
Particulars
FY25
FY24
FY23
FY22

EBITDA Margin (%)
8.88
7.46
7.58
6.65

PAT Margin (%)
4.86
4.60
4.91
4.17

EPS (₹)
7.09
5.37
3.33
2.25

ROE (%)
30.48
31.99
29.00
27.33

ROCE (%)
17.31
16.72
17.91
18.06

ROA (%)
9.59
8.93
11.36
11.15

Debt to Equity (x)  
1.97
1.94
1.02
0.92

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

GNG Electronics IPO Valuation Metrics

The market Capitalisation of GNG Electronics IPO is ₹ 2702.07 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
2,702.07

Enterprise Value (EV) (₹ Cr.):
3,143.99

EV/EBITDA (times) :
24.92

PE Multiple (times) :
39.14

P/B (times) :
3.93

NAV (₹) :
23.31

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in GNG Electronics prospectus?

The GNG Electronics IPO prospectus highlights an Return on Equity (ROE) of 30.48 % , Return on Assets (ROA) of 9.59 %, and an EBITDA Margin of 8.88 %, showcasing financial performance.

How do profitability ratios impact the evaluation of GNG Electronics IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows GNG Electronics IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for GNG Electronics IPO ?

The post-IPO market capitalisation of GNG Electronics IPO is ₹ 2702.07 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of GNG Electronics IPO?

The GNG Electronics IPO has a Price-to-Earnings (PE) ratio of 39.14 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of GNG Electronics IPO?

GNG Electronics IPO reported revenue of ₹ 1420.37 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from GNG Electronics IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of GNG Electronics IPO?

GNG Electronics recorded an EBITDA of ₹ 126.14 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of GNG Electronics IPO?

GNG Electronics Profit After Tax (PAT) is ₹ 69.03 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,420.37 Cr.
            EBITDA: ₹ 126.14 Cr.
            PAT: ₹ 69.03 Cr.
  • EBITDA Margin: 8.88 %
            Pat Margin: 4.86 %
  • Net Worth: ₹ 226.46 Cr.
  • Market Capitalisation: 2,702.07
  • P/E: 39.14 times
  • P/BV: 3.93 times
  • EV/EBITDA: 24.92

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

GNG Electronics operates in Retail and Refurbisher Of Laptops And Desktops And Among The Largest Refurbishers Of ICT Devices Overall. The Issue is listed on BSE,NSE in Jul, 2025. GNG Electronics IPO size was 460.43 with Issue price of 237.00 .

Merchant Banker(s) of GNG Electronics IPO: Jm Financial Limited , Motilal Oswal Investment Advisors Limited , 360 ONE WAM Limited

GNG Electronics IPO subscription was 150.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

GNG Electronics IPO listed at a listing price of 355.00 against the offer price of 237.00.

The current market price of GNG Electronics is 333.39.

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