IPO Corner: GNG Electronics Limited

GNG Electronics Limited shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, July 23, 2025. The Anchor Investor Bidding Date is one working day prior to bid/offer opening date, being Tuesday, July 22, 2025. The Bid/ Offer Closing Date is Friday, July 25, 2025.

• Issue Opens: July 23, 2025
• Issue Closes: July 25, 2025
• Face Value: Rs 2 each
• Price Band: Rs 225 – 237 per share
• Lot Size: 63 Shares

The total offer size comprises of a fresh issue of equity shares of face value of ₹2 each aggregating up to ₹ 400 Crores and an offer for sale of up to 2,550,000 equity shares of face value of ₹ 2 each. Price Band of the issue is fixed at Rs. 225 to Rs 237 per equity share.

Bids can be made for a minimum of 63 Equity Shares and in multiples of 63 Equity Shares thereafter.

The Company proposes to utilize the Net Proceeds towards the prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and the Material Subsidiary, namely, Electronics Bazaar FZC and general corporate purposes.

GNG Electronics Limited is India’s largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2025. The Company is India’s largest Microsoft authorised refurbisher, in terms of refurbishing capability, as of FY25.

The Company also serve as an IT asset disposal partner for India’s second largest software company, in terms of market capitalisation as of Fiscal 2025, procuring their used IT assets. The Company operates under the brand “Electronics Bazaar”, with presence across the full refurbishment value chain i.e., from sourcing to refurbishment to sales, to after – sale services and providing warranty. The Company is a certified refurbishment partner with Lenovo and HP which are top two global brands, in terms of market share of 26% and 22%, respectively, as of CY 2024 (Source: 1Lattice Report).

The Company provides tailored buyback solutions to help large format retail stores such as Vijay Sales (India) Private Limited and OEM brand stores such as HP India Sales Private Limited and Lenovo Global Technology (India) Private Limited. The Company has a multi – channel global procurement network of 557 suppliers supported by an extensive procurement network in India and across the globe. As of March 31, 2025, the portfolio included 5,840 SKUs.

They have sales network with the refurbished ICT Devices being sold in 38 countries comprising 4,154 touchpoints, in India and globally, as of March 31, 2025. The Company has five refurbishing facilities located across India, USA and UAE with one facility in Navi Mumbai, Maharashtra, India, one facility in Dallas, Texas, USA and three facilities in Sharjah, UAE, aggregating to 58,127.82 sq. ft.