GNG Electronics Limited, India’s largest refurbisher of laptops and desktops, is set to launch its initial public offering (IPO) on Wednesday, July 23, 2025. The offer will close on Friday, July 25, 2025, with the Anchor Investor bidding taking place on July 22, 2025. The price band has been fixed between ₹225 and ₹237 per equity share of face value ₹2 each. Investors can bid for a minimum of 63 equity shares and in multiples thereafter.
Offer structure and use of proceeds
The total offer comprises a fresh issue aggregating up to ₹400 crores and an offer for sale of up to 25.5 lakh equity shares. Net proceeds from the fresh issue will be used for repayment or prepayment of borrowings availed by the company and its material subsidiary Electronics Bazaar FZC, along with general corporate purposes.
Allocation details
The IPO is structured through the Book Building Process: not more than 50% of the offer for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and at least 35% for Retail Individual Investors (RIIs). Anchor Investors may be allocated up to 60% of the QIB portion, and all bids (except by Anchor Investors) must be made via the ASBA process.
About the company
Operating under the brand “Electronics Bazaar,” GNG Electronics refurbishes ICT devices with facilities in India, USA, and UAE. It is a Microsoft-authorised refurbisher and a certified partner with Lenovo and HP. As of March 31, 2025, the company’s portfolio covered 5,840 SKUs, and its sales network spanned 38 countries through 4,154 touchpoints.
Key managers and disclaimers
Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book running lead managers. Investors should review the Red Herring Prospectus (RHP) available on SEBI, company, and stock exchange websites before investing, as equity investment carries significant risks.
