GNG Electronics Ltd. IPO
GNG Electronics IPO is a book-built issue worth ₹460.43 crore. The IPO comprises a fresh issue of 1.69 crore equity shar ...
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.
Read moreIPO Timeline
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23 Jul 2025Bidding Starts
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25 Jul 2025Bidding Ends
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28 Jul 2025Allotment Finalization
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29 Jul 2025Refund Date
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29 Jul 2025Demat Date
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30 Jul 2025Listing Date
GNG Electronics Ltd. IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2023 | 285.50 Cr | 662.79 Cr | 32.43 Cr |
| 31 Mar 2024 | 585.82 Cr | 1,143.80 Cr | 52.31 Cr |
| 31 Mar 2025 | 719.46 Cr | 1,420.37 Cr | 69.03 Cr |
About GNG Electronics Ltd. IPO
About GNG Electronics Limited
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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.
Strengths
- India’s largest refurbisher of laptops and desktops, with a significant global presence.
- Certified refurbishment partner for leading brands like HP and Lenovo, enhancing credibility.
- Comprehensive refurbishment process, including sourcing, refurbishing, sales, and after-sales services.
- Commitment to sustainability through ESG initiatives and reducing e-waste
Risks
- High dependence on laptop sales, contributing over 75% of operational revenue, making the company vulnerable to market fluctuations.
- Exposure to technological obsolescence risks in the rapidly evolving ICT industry.
- Working capital-intensive operations may strain liquidity and financial flexibility.
- Moderate financial risk profile with adjusted overall gearing of 2.73x as of FY24.
- Intense competition in the refurbished electronics market, both domestically and internationally
GNG Electronics IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- 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.
- 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.
- 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.
- 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.
GNG Electronics IPO Promoter Holding
Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited and Kay Kay Overseas Corporation are the company promoters.
Share Holding Pre Issue 95.01%
Share Holding Post Issue
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
FAQs
When GNG Electronics IPO will open?
The GNG Electronics IPO opens on July 23, 2025 and closes on July 25, 2025.
What is the lot size of GNG Electronics IPO?
GNG Electronics IPO lot size is 63, and the minimum amount required for application is ₹14,931.
When is GNG Electronics IPO listing date?
The GNG Electronics IPO listing date is not yet announced. The tentative date of GNG Electronics IPO listing is Wednesday, July 30, 2025.
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