GNG Electronics IPO Opens July 23, 2025: Everything You Need to Know Before You Invest
GNG Electronics
Limited, one of India’s largest refurbishers of laptops and desktops, is set to
launch its Initial Public Offering (IPO) on July 23, 2025. The
company operates under the brand name Electronics Bazaar and has a
strong presence not only in India but also in the USA, Europe, Africa, and
the UAE.
The IPO will
close on July 25, 2025, with share allotment scheduled on July 28
and tentative listing on both NSE and BSE on July 30, 2025.
GNG Electronics IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Open Date | July 23, 2025 |
| IPO Close Date | July 25, 2025 |
| Listing Date | July 30, 2025 (Tentative) |
| Issue Size | ₹460.43 crore |
| Fresh Issue | ₹400.00 crore (1.69 crore shares) |
| Offer for Sale (OFS) | ₹60.44 crore (25.5 lakh shares) |
| Price Band | ₹225 to ₹237 per share |
| Minimum Lot Size | 63 shares |
| Retail Investment (Min) | ₹14,931 |
| Lead Manager | Motilal Oswal Investment Advisors Ltd |
| Registrar | Bigshare Services Pvt Ltd |
| Listing Exchanges | BSE & NSE |
Utilisation of IPO Proceeds
GNG Electronics
will use the raised funds for:
- Prepayment or repayment of borrowings of the company and
its key subsidiary, Electronics Bazaar FZC
- General corporate purposes
This move is expected
to strengthen their balance sheet and support long-term growth in international
markets.
About GNG Electronics Limited
Founded in 2006,
GNG Electronics is a global leader in refurbishing ICT devices. From sourcing
to refurbishing, reselling, warranty, and after-sale
support, the company controls the entire lifecycle of its tech
products. This model not only makes their business cost-effective but also eco-friendly.
The company
reported:
- Revenue of ₹1,138.1 crore in FY24
- Net profit of ₹52.3 crore
This is nearly double
the revenue compared to FY22, when it stood at ₹520.5 crore showing how
rapidly the business is growing.
Global Presence and Growth Story
GNG refurbished devices are sold across 38 countries, making it a key player
not just in India but globally. The company is expected to benefit from the rising
demand for sustainable tech solutions worldwide.
Their product
range is particularly appealing to educational institutions, small businesses,
and developing nations where affordable tech is in high demand.
Should You Apply for GNG Electronics IPO?
Here’s a quick
checklist:
Strong
revenue and profit growth
Global presence in over 38 countries
Eco-friendly and in-demand business model
Reasonable price band for retail investors
Backed by experienced lead manager (Motilal Oswal)
However, like
any investment, do your own research or consult your financial advisor
before applying.
Key Dates for Investors
| 🗓️ Event | 📆 Date |
|---|---|
| IPO Opens | July 23, 2025 |
| IPO Closes | July 25, 2025 |
| Allotment Finalization | July 28, 2025 |
| Refund Initiation | July 29, 2025 (expected) |
| Share Credit to Demat | July 29, 2025 (expected) |
| Listing Date | July 30, 2025 (tentative) |
Disclaimer
This article is
for informational and educational purposes only. It does not constitute
investment advice or a recommendation. Always verify with official sources
before making financial decisions.
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