GNG Electronics Limited IPO
GNG Electronics Limited IPO
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GNG Electronics Limited's achieved publicly listed status following its IPO debut on 30-07-2025 at the NSE, BSE platform. The offering successfully mobilized 1,94,27,637 Shares, with 1,68,77,637 Shares allocated to corporate growth initiatives and ₹60.44 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹225 to ₹237, starting from minimum lots of 63 shares. The subscription window from 23-07-2025 through 25-07-2025 enabled investor participation across market segments.
Share allocation was completed on 28-07-2025, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
GNG Electronics IPO About Company
Incorporated in 2006, GNG Electronics Limited provides refurbishing services for laptops, desktops, and ICT devices across India and internationally. With a strong presence in India, the USA, Europe, Africa, and the UAE, the company operates under the brand name “Electronics Bazaar,” offering end-to-end solutions from sourcing and refurbishment to sales and after-sale services, including warranty support. In addition to refurbishing, GNG Electronics offers various value-added services such as IT asset disposition (ITAD), e-waste management, warranties, doorstep service, on-site installation, flexible payment options, easy device upgrades, and buyback programs for refurbished ICT devices. The company also delivers customized buyback solutions for laptops and desktops, supporting large-format retail stores like Vijay Sales and OEM brand stores such as HP and Lenovo in running efficient, customer-centric buyback programs to encourage the sale of new devices. As of September 30, 2024, GNG Electronics has established a sales network spanning 35 countries and operates through 3,265 touchpoints both in India and abroad.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
GNG Electronics IPO Strength Factors
- Leading Refurbishment Brand – Recognized as India’s top refurbisher for laptops and desktops, and ranked among the global leaders in ICT device refurbishment.
- Strong International Presence – Operates five advanced refurbishing units in India, USA, and UAE, ensuring a widespread global footprint.
- Well-Integrated Supply Network – Maintains a robust ecosystem with a reliable global supply chain, trusted vendor partnerships, and a broad, diversified client base.
GNG Electronics IPO Risk Factors
- High Revenue Dependence on Laptops – Over 75% of revenue comes from laptop sales, making the business vulnerable to shifts in demand or market trends.
- Unstable Supply Chain Factors – Price fluctuations and limited availability of critical components can disrupt operations and squeeze profit margins.
- Reliance on Distribution Network – Business performance is closely tied to its extensive sales network, where any disruption can lead to reduced sales and service delays.
GNG Electronics IPO Lead Manager(s)
- IIFL Securities Limited
- Jm Financial Limited
- Motilal Oswal Investment Advisors Limited
GNG Electronics IPO Promoter(s)
- Sharad Khandelwal
- Vidhi Sharad Khandelwal
- Amiable Electronics Private Limited
- Kay Kay Overseas Corporation
GNG Electronics IPO FAQs
GNG Electronics Limited IPO subscribed 148.11 times. The public issue subscribed 49.01 times in the retail category,275.75times in QIB, and 264.14 times in the HNI (10+) category byNovember 24, 2025 10:15:34 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
GNG Electronics IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
GNG Electronics IPO FAQs
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