GNG Electronics Ltd, operating under the brand Electronics Bazaar, is India’s largest refurbisher of laptops and desktops, and one of the major global players in ICT device refurbishment, with operations in India, the USA, Europe, Africa, and UAE.
Founded in 2006, the company manages the entire refurbishment cycle—from sourcing and repairs to sales, warranty, and after-sales service. As of FY24, it’s recognized as India’s largest Microsoft‑authorized refurbisher by capacity, and is also certified to refurbish for Lenovo and HP.
The company operate under the brand “Electronics Bazaar”, offering sourcing to refurbishment to sales to after– sale services and providing warranty.
The company offers other value–added services such as ITAD and e – waste management services, warranties, doorstep service, on-site installation, flexible pay options, easy upgrades, assured buyback programmes and buyback programmes for refurbished ICT Devices.
GNG Electronics provides tailored buyback solutions for laptops and desktops to help large format retail stores such as Vijay Sales (India) Private Limited (“Vijay Sales”) and OEM brand stores such as HP India Sales Private Limited (“HP”) and Lenovo Global Technology (India) Private Limited (“Lenovo”) to run efficient, customer–friendly buyback programs facilitating sale of new devices.
GNG Electronics Ltd. IPO Timetable
| Particular | Date |
| IPO Open Date | 23 July 2025 |
| IPO Close Date | 25 July 2025 |
| Allotment Date | 28 July 2025 |
| IPO Listing Date | 30 July 2025 |
GNG Electronics Ltd. IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 225 to 237 Per Equity Share |
| Market Lot | 63 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 460 Crore. |
GNG Electronics Ltd. IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 63 | Rs. 14931 |
| Maximum | 13 | 819 | Rs. 194103 |
| Small HNI (Minimum) | 14 | 882 | Rs. 209034 |
| Big HNI (Minimum) | 67 | 4221 | Rs. 1000377 |
GNG Electronics Ltd. IPO Allotment Status
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Company Financials :
| Particular | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| Total Assets | 719.46 | 585.82 | 285.50 |
| Total Revenue | 1420.37 | 1143.80 | 662.79 |
| Profit After Tax | 69.03 | 52.31 | 32.43 |
Company Promoters:
Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Private Limited and Kay Kay Overseas Corporation are the company promoters.
Objects of this Issue:
- Prepayment , in full or in part, of certain outstanding borrowings availed by the Company and the Material Subsidiary namely, Electronics Bazaar FZC.
- General corporate purposes
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| GNG Electronics Ltd. Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai, Maharashtra, 400069 Phone: +91 22 3123 658 Email: compliance@electronicsbazaar.com Website: https://www.electronicsbazaar.com | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
