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GNG Electronics IPO

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BSE,NSE 23 July - 25 July 2025
GNG Electronics Limited IPO is a book build issue of 460.43 Cr. The issue is a combination of fresh issue of 16877637 shares aggregating to 400 Cr and offer for sale of 2550000 shares aggregating to 60.44 Cr. GNG Electronics Limited IPO opened for subscription on Jul 23, 2025 and closed on Jul 25, 2025. The allotment for the this IPO was finalized on Jul 28, 2025. IPO was listed on NSE and BSE on Jul 30, 2025. GNG Electronics Limited IPO is set issue price band at ₹225 to ₹237 per share.

Current GMP

₹85 (+35.86%)

Price Band

₹ 225 – 237

Lot Size

63

Issue Size

₹460.43 Cr

Minimum Investment

₹14931 (63 Shares)

Listing Date

30 July 2025

Subscription

147.93x

About the Company

Incorporated in 2006, GNG Electronics Limited is India’s largest refurbisher of laptops and desktops and among the global leaders in ICT device refurbishment, with a strong presence across India, USA, Europe, Africa, and the UAE (Source: 1Lattice Report).

The company operates under the “Electronics Bazaar” brand, offering end-to-end refurbishment solutions—from sourcing and refurbishing to sales, after-sales service, and warranty support.

Key Highlights

  • Market Position:
    • Largest refurbisher of laptops and desktops in India (by value).
    • India’s largest Microsoft Authorised Refurbisher (by capability).
    • Key IT asset disposal (ITAD) partner for India’s second-largest software company (by market cap as of 2024).
  • Global Footprint:
    • Products sold in 35 countries via 3,265 global touchpoints as of Sept 30, 2024.
    • Operations supported by 5 refurbishing facilities in:
      • India (Navi Mumbai)
      • USA (Dallas, Texas)
      • UAE (3 in Sharjah)
    • Facility size: 58,127.82 sq. ft; employees: 1,143 personnel
    • European office located in the Netherlands (Electronics Bazaar BV).
  • Capabilities:
    • Full-stack refurbishing including L1 to L3 repairs (e.g., motherboard repair).
    • Specialisation in LCD repair, including repolarisation and LGP correction.
    • Refurbished products: laptops, desktops, tablets, servers, smartphones, accessories, etc.
    • Devices sold at 33%–65% lower prices than new equivalents while maintaining premium quality and aesthetics.
  • Value-Added Services:
    • ITAD & e-waste management
    • Warranty services, on-site installation, doorstep support
    • Flexible pay options, upgrades, assured buyback programs
    • Tailored device buyback solutions for major retailers and OEMs like Vijay Sales, HP, and Lenovo.
  • Partners & Clients:
    • Certified refurbishment partner for HP and Lenovo (global market leaders).
    • Supply partnerships with major companies including:
      • HP India, Lenovo India, Vijay Sales
      • US-based: Joy Systems, PlanITROI, HUBX
      • Europe-based: PhoenixRM, ATX Computers
    • Procurement partners include: Iron Mountain (USA), Apto Solutions, Green Box Group (Australia), Tata Capital, and Microsoft.
  • Product Range:
    • Offers refurbished, open-box, and new ICT devices.
    • Product customization and support for varied budgets.
    • SKU portfolio: 4,996 as of September 30, 2024.

GNG Electronics has built a vertically integrated, globally scalable business model that aligns with the growing demand for sustainable and affordable technology. Its strong partnerships, deep refurbishing expertise, and superior product quality position it as a market leader in the refurbished ICT space.

Promoters

  1. Sharad Khandelwal
  2. Vidhi Sharad Khandelwal
  3. Amiable Electronics Private Limited
  4. Kay Kay Overseas Corporation
Promoters Holding

Holding Pre Issue

95.01%

Holding Post Issue

78.71%

Objects of the Issue

The details of the proceeds from the Fresh Issue are:

  1. Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed the Company and the Material Subsidiary namely, Electronics Bazaar FZC.
  2. Funding the working capital requirements of the Company.
  3. General corporate purposes.

Address / Contact Info

GNG Electronics Limited
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/

IPO Snapshot

Face Value₹2 per share
Price Band₹ 225 – 237
Lot Size63
Issue TypeBook-building IPO
Sale TypeFresh Capital & Offer For Sale
Fresh Issue₹ 400.00 Cr
Offer for Sale₹ 60.44 Cr
Total Issue Size₹ 460.43 Cr
Listing AtBSE,NSE
IndustryTrading
SectorTrading
QIB Quota28.37%
BNII Quota14.33%
SNII Quota7.16%
Retail Quota50.14%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

GNG Electronics IPO is a Book-building IPO worth ₹460.43 crores. The price band is ₹225 to 237 per share. The IPO opens on Wed, Jul 23, 2025 and closes on Fri, Jul 25, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The GNG Electronics IPO opens on Wed, Jul 23, 2025 and closes on Fri, Jul 25, 2025

GNG Electronics IPO Price Band is ₹225 to 237.

GNG Electronics IPO lot size is 63, and the minimum amount required for application is ₹14931.

The minimum investment for GNG Electronics IPO is approximately ₹14931 based on the upper price band.

To apply for the GNG Electronics IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jul 25, 2025. After submission, funds are blocked until the basis of allotment of GNG Electronics IPO is finalised.

GNG Electronics IPO issue size is ₹460.43 crores.

GNG Electronics IPO allotment date is Sat, Jun 27, 2026.

The registrar for GNG Electronics IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to GNG Electronics IPO through their official website or helpline.

The GNG Electronics IPO GMP (Grey Market Premium) is ₹85 as of Wed, Jul 30, 2025. Based on the upper price band of ₹237 per share, the estimated GNG Electronics IPO listing price is ₹322, indicating a potential listing gain of approximately 31% over the issue price.