GNG Electronics is all set to launch its ₹460 crore initial public offering (IPO) on July 23, 2025. The offer consists of a fresh issue of ₹400 crore and an Offer for Sale (OFS) of 25.5 lakh shares by promoter-linked shareholders. The IPO will close on July 25, and the shares are slated to be listed on the BSE and NSE on July 30.
💡 Company Overview: What GNG Electronics Does
Operating under the brand Electronics Bazaar, GNG Electronics is a leader in India’s ICT device refurbishment ecosystem. The company specializes in refurbishing and reselling laptops, desktops, tablets, premium smartphones, mobile workstations, and servers. With a strong presence across India, the USA, Europe, Africa, and the UAE, GNG is among the top global players in the refurbishment sector.
💰 IPO Price Band & Lot Size
- Price Band: ₹225–₹237 per equity share
- Lot Size: 63 shares per lot and multiples thereafter
- Face Value: ₹2 per share
- Post-issue Valuation: Over ₹2,700 crore at the upper end
📊 Use of IPO Proceeds
The company plans to deploy the proceeds from the fresh issue for:
- Repayment of outstanding borrowings
- Working capital requirements
- General corporate purposes
🧾 Key Stakeholders & Lead Managers
- Book Running Lead Managers:
- Motilal Oswal Investment Advisors
- IIFL Capital Services
- JM Financial
- Registrar to the Issue:
- Bigshare Services Pvt. Ltd.
📅 Important Dates
- IPO Opens: July 23, 2025
- IPO Closes: July 25, 2025
- Listing Date: July 30, 2025
With strong fundamentals, a fast-growing refurbishment business, and global reach, GNG Electronics is aiming to ride the digital boom and investor enthusiasm for tech-enabled business models. Investors and analysts will be closely watching its listing performance on Dalal Street.
