GNG Electronics IPO

About GNG Electronics IPO

GNG Electronics IPO is a book-built issue worth ₹460.43 crore. The IPO comprises a fresh issue of 1.69 crore equity shares aggregating to ₹400.00 crore and an offer for sale of 0.26 crore shares aggregating to ₹60.44 crore. The issue opens for subscription on July 23, 2025, and closes on July 25, 2025. The allotment is expected to be finalised on July 28, 2025, with tentative listing on BSE and NSE scheduled for July 30, 2025.

The IPO is priced in a band of ₹225 – ₹237 per share. Retail investors must apply for a minimum of 1 lot comprising 63 shares, requiring an investment of ₹14,931 at the cut-off price. sNII investors are required to apply for a minimum of 14 lots (882 shares), amounting to ₹2,09,034, while bNII investors must apply for at least 67 lots (4,221 shares), totalling ₹10,00,377.

Motilal Oswal Investment Advisors Limited is the book-running lead manager to the issue, and Bigshare Services Pvt Ltd is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the GNG Electronics IPO RHP.

Industry Outlook

1. The global electronics refurbishment industry is undergoing a period of accelerated growth, driven by increasing demand for affordable, sustainable, and high-quality ICT (Information and Communication Technology) devices. Refurbished electronics, particularly laptops and desktops, are gaining traction among consumers and enterprises alike, owing to their cost-effectiveness and reduced environmental impact.
2. India is emerging as a key player in this transformation, with a growing ecosystem of refurbishers, distributors, and service providers. The market is supported by favourable regulatory developments, such as the “Right to Repair” movement and the government’s emphasis on circular economy principles. These initiatives are encouraging the reuse and refurbishment of electronic devices, thereby reducing e-waste and promoting resource efficiency.
3. Globally, the refurbished electronics market expanded from USD 60.3 billion in calendar year 2018 to USD 110.6 billion in 2024, and is projected to reach USD 246.7 billion by 2029, growing at a compound annual growth rate (CAGR) of 17.4%. In India, the market is similarly poised for robust expansion, with refurbished ICT devices increasingly being adopted across sectors including education, healthcare, and small businesses.
4. The competitive landscape remains fragmented, with no single player commanding more than 5% market share globally. This opens up significant opportunities for organised refurbishers like GNG Electronics Limited, which operate across the full refurbishment value chain—from sourcing and repair to sales and after-sales service. The company’s presence in key international markets such as the UAE, USA, and Europe further strengthens its position in this evolving industry.

GNG Electronics IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. The company intends to utilise ₹3,200 million from the net proceeds to prepay or repay, in full or in part, certain outstanding borrowings availed by GNG Electronics Limited and its material subsidiary, Electronics Bazaar FZC. This initiative is aimed at reducing financial leverage, improving interest coverage, and enhancing overall fiscal resilience.
2. A portion of the net proceeds will be allocated towards general corporate purposes, including administrative expenses, brand development, working capital requirements, and strategic initiatives. This will enable the company to maintain operational agility and pursue long-term growth opportunities.
3. Through its proposed listing on the BSE and NSE, GNG Electronics seeks to elevate its corporate profile, strengthen governance standards, and foster investor confidence. The public listing is expected to facilitate improved access to capital markets and support future expansion through strategic partnerships.
4. The IPO proceeds will indirectly support the company’s material subsidiary, Electronics Bazaar FZC, which contributes significantly to the group’s revenue. Strengthening the subsidiary’s operations will reinforce GNG Electronics’ global footprint, particularly in the UAE, and bolster its position in the international refurbished electronics market.

About GNG Electronics Limited

GNG Electronics Limited was originally incorporated as GNG Electronics Private Limited on October 19, 2006, under the Companies Act, 1956. Pursuant to a resolution passed at an extraordinary general meeting held on October 23, 2024, the company was converted into a public limited entity and renamed GNG Electronics Limited. A fresh certificate of incorporation reflecting the change was issued on November 20, 2024.

The company is engaged in the refurbishment and sale of ICT (Information and Communication Technology) devices, including laptops, desktops, tablets, servers, premium smartphones, and accessories. Operating under the brand name “Electronics Bazaar”, GNG Electronics has established itself as India’s largest refurbisher of laptops and desktops, and one of the leading players globally in the refurbished electronics segment.

GNG Electronics manages the full refurbishment value chain—from sourcing and repair to sales, after-sales service, and warranty support. Its operations span across India, the United Arab Emirates, the United States, Europe, and Africa, with refurbishing facilities located in Navi Mumbai, Sharjah, and Dallas. The company’s material subsidiary, Electronics Bazaar FZC, based in the UAE, contributes significantly to its consolidated revenue.

With a strong emphasis on affordability, reliability, and sustainability, GNG Electronics is well-positioned to capitalise on the growing global demand for refurbished ICT devices. Its strategic focus on B2B channels, operational efficiency, and international expansion underpins its long-term growth strategy.

How To Check the Allotment Status of the GNG Electronics IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for GNG Electronics IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the GNG Electronics IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of GNG Electronics IPO

Registered Office: Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai – 400069, Maharashtra, India.

Phone: +91 22 3123 6588

E-mail: compliance@electronicsbazaar.com

GNG Electronics IPO Reservation

GNG Electronics IPO Lot Size

GNG Electronics IPO Promoter Holding

The promoters of the company are Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited and Kay Kay Overseas Corporation.

Key Performance Indicators for GNG Electronics IPO

The market capitalisation of GNG Electronics IPO is ₹2702.07 Cr. Here are the KPIs of GNG Electronics:

GNG Electronics IPO Prospectus

• GNG Electronics IPO DRHP
• GNG Electronics IPO RHP

GNG Electronics IPO Registrar and Lead Managers

GNG Electronics IPO Lead Managers

• Motilal Oswal Investment Advisors Limited
• IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
• JM Financial Limited

Registrar for GNG Electronics IPO

Bigshare Services Private Limited

• Contact Number: +91 22 6263 8200
  Email Address: ipo@bigshareonline.com

GNG Electronics IPO Registrar