GNG Electronics IPO Details
The GNG Electronics IPO is a book build issue with a total issue size of ₹460.43 cr, comprising of fresh issue of 16877637 equity shares., and a offer for sale of 2550000 equity shares. GNG Electronics IPO opened for subscription on Jul 23, 2025 and closed on Jul 25, 2025. GNG Electronics IPO is set price band at ₹225 to ₹237 per share, with a lot size of 63 shares. Minimum investment for Retail investors was ₹14,931.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 28, 2025, and listed on both the NSE and BSE on Jul 30, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. IIFL Capital Services Limited, Motilal Oswal Investment Advisors Pvt Ltd and JM Financial Limited are the Book Running Lead Manager for the issue.
Before investing in the GNG Electronics IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 225 – 237
- Lot Size
- 63
- Issue Size
- ₹460.43 Cr
- Minimum Investment
- ₹14931 (63 Shares)
- Listing Date
- 30 July 2025
Current GMP
₹85 (+35.86%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About GNG Electronics Limited
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.
GNG Electronics IPO Promoters
- Sharad Khandelwal
- Vidhi Sharad Khandelwal
- Amiable Electronics Private Limited
- Kay Kay Overseas Corporation
Promoters Holding
Holding Pre Issue
95.01%
Holding Post Issue
78.71%
GNG Electronics IPO Objective
The details of the proceeds from the Fresh Issue are:
- 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.
- Funding the working capital requirements of the Company.
- 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
Book Running Lead Managers
- IIFL Capital Services Limited
- Motilal Oswal Investment Advisors Pvt Ltd
- JM Financial Limited
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 with a total issue size of ₹460.43 crore. The GNG Electronics IPO price band is ₹225 to 237 per share. The GNG Electronics IPO subscription opens on Wed, Jul 23, 2025, and closes on Fri, Jul 25, 2025. The GNG Electronics IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the GNG Electronics IPO.
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 per share.
GNG Electronics IPO lot size is 63 shares, Retail investors need a minimum investment of ₹14931 based on the upper price band
The minimum investment for GNG Electronics IPO is ₹14931, based on one lot of 63 shares at the upper price band of ₹237 per share.
Investors can apply for the GNG Electronics IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jul 25, 2025. The application amount remains blocked until the GNG Electronics IPO allotment is finalized.
GNG Electronics IPO issue size is ₹460.43 crores.
GNG Electronics IPO allotment date is Wed, Jul 1, 2026.
The registrar for GNG Electronics IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check GNG Electronics IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.