GNG Electronics IPO to Open on July 23, 2025 - Check Issue Size, Price Band & Key Details

GNG Electronics Limited is launching its Initial Public Offering (IPO) on July 23, 2025. The company offers refurbishing services for laptops, desktops and ICT Devices in India and globally across USA, Europe, Africa and UAE. 

The bidding window for GNG Electronics IPO will be opened till July 25, 2025. The allotment is expected to be finalized on Monday, July 28, 2025 and the company shares will be listed on both BSE and NSE with a tentative listing date fixed as Wednesday, July 30, 2025.

GNG Electronics Limited - IPO Details

GNG Electronic IPO will be a bookbuiding of ₹460.43 crores. The issue structure will be a combination of fresh issue of 1.69 crore shares aggregating to ₹400.00 crores and offer for sale (OFS) of 25.5 lakh shares aggregating to ₹60.44 crores.

The issue price band is set at at ₹225 to ₹237 per share. The minimum lot size for an application is 63 and the minimum investment amount required for retail investor is ₹14,931 (63 shares). 

Motilal Oswal Investment Advisors Limited is the book-running lead manager of the GNG Electronics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

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Utilisation of Proceeds

The Company will utilise the net proceeds from the issue for the following purposes:

• 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.
• General Corporate Purposes

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About GNG Electronics Limited 

GNG Electronics Limited, founded in 2006, operates under the brand Electronics Bazaar. It is among India's largest refurbisher of laptops and desktops. It also ranks as one of the largest ICT device refurbishers globally. The company operates across a full refurbishment value chain, from sourcing and refurbishing to sales, warranty, and after-sale support. Thus, helping deliver cost-effective and sustainable tech products. It also has a presence globally across USA, Europe, Africa, and the UAE.

As of March 31, 2025, GNG Electronics have a sales network with the refurbished ICT Devices being sold in 38 countries. In FY24, GNG reported revenue of ₹1,138.1 crore and net profit of ₹52.3 crore, showing a significant growth from FY22 when revenue was ₹520.5 crore.