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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the GNG Electronics Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹237
Per ShareLot Size
63 Shares
Minimum Investment
₹14,931
Issue Size
₹460.44 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
0%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.01%
Promoter Holding (Post-Issue)
78.71%
Issue Type
Book Building
ISIN
INE18JU01028
The Company is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2025 (Source: 1Lattice Report). The Company operates under the brand "Electronics Bazaar", with presence across the full refurbishment value chain i.e., from sourcing to refurbishment to sales, to after - sale services and providing warranty. It solves customers' requirement of affordable, reliable and premium ICT Devices which are as good as new devices, both functionally and aesthetically, and are backed by proven warranty.
The global used and refurbished electronics market comprises of electronics that are either resold `as-is' or after being refurbished. Unlike electronics that are sold `as-is', refurbished electronics undergo thorough inspection and repairs, ensuring they meet certain standards before resale. This market spans a range of electronics, from smartphones, laptops, and desktops to home and kitchen appliances, televisions, office equipment, cameras, and video game consoles. The electronics refurbishment industry is uniquely placed to grow even in downcycles of economic growth as it serves the replacement demand of new devices with affordable solutions.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 19,427,63 equity shares of face value of Rs.2 each ("Equity Shares") of GNG Electronics Limited ("Company" or "Issuer") for cash at a price of Rs. 237 per equity share (including a share premium of Rs. 235 per equity share) ("Offer Price") aggregating to Rs. 460.44 crores (the "Offer") comprising of a fresh issue of 16,877,637 equity shares of face value of Rs.2 each aggregating to Rs. 400.00 crores* ("Fresh Issue") and an offer for sale of 2,550,000 equity shares of face value of Rs.2 each ("Offered Shares") aggregating to Rs. 60.44 crores comprising 35,000 equity shares of face value of Rs.2 each by Sharad Khandelwal aggregating to Rs.0.83 crores, 35,000 equity shares of face value of Rs.2 each by Vidhi Sharad Khandelwal aggregating to Rs.0.83 crores and 2,480,000 equity shares of face value of Rs.2 each by Amiable Elctronics Private Limited aggregating to Rs. 58.78 crores (collectively, "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer constitutes 17.04% of the post-offer paid up equity share capital of the company.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
GNG Electronics Limited was incorporated as "GNG Electronics Private Limited" under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated October 19, 2006, issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by its Shareholders at the extraordinary general meeting held on October 23, 2024, following which the name of the Company was changed to "GNG Electronics Limited" and a fresh certificate of incorporation pursuant to change of name under the Companies Act, 2013 was issued by RoC, on November 20, 2024.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.