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GNG Electronics

GNG Electronics IPO

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Open Date

23 Jul 2025

Close Date

25 Jul 2025

Min Investment

₹ 14,175

Max Investment

₹ 5,00,000

Lot Size

63

Issue Size

₹ 460.43 Cr

Price Range

₹ 225 - ₹ 237
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
23 Jul 2025
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IPO Offer Ends
25 Jul 2025
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Allotment Finalisation
28 Jul 2025
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Refund Initialisation
29 Jul 2025
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Non-Institutional Buyers (sHNI)
29 Jul 2025
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Listing of Shares
30 Jul 2025
IPO Subscription Details as on 20 Aug 2025, 01:49 AM
Qualified Instituational Buyers (QiB)
266.21 x
Retail
44.8 x
Total
146.62 x
Non-Institutional Buyer (bHNI)
252.45 x
Non-Institutional Buyer (sHNI)
174.11 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally. The company has a strong global supply chain, established sourcing base with long tail of vendors and wide customer base. It possesses well-established refurbishing capabilities and state-of-art infrastructure, with focus on quality. The company is well positioned to harness global shift to sustainability and growing focus on ESG. It has an experienced management team and qualified personnel with significant industry experience. The company has a track record of profitability and consistent financial performance. The company aims to expand its footprint and increase its market presence in India and other countries to capitalize on the industry. It is enhancing procurement in India and other countries while parallelly strengthening brand relationships. The company focuses on environmental, social, and governance (ESG) standards and expanding opportunities with OEMs.
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Founded In

2006

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Director

Amit Midha

Financials of Gng Electronics IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue6,595.4211,381.3814,111.10
Other Income32.4456.5992.56
Total Income
6,627.8611,437.9714,203.67
Total Expenses
6,273.6710,864.7413,420.23
Profit Before Tax354.19573.23783.43
Total Profit
324.28523.05690.33

All figures are in millions (₹)

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Utilisation of Proceeds

All figures are in millions (₹)

PurposeAmount
Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Material Subsidiary namely, Electronics Bazaar FZC3,200
Funding growth opportunities, strengthening marketing capabilities, meeting ongoing general corporate contingencies, and any other purpose as approved by the Board-
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  • India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India: 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. The company's refurbished laptops are typically available at one-third of the price of new devices and are as good as new devices both functionally and aesthetically with one to three years warranty, which enhances buyer confidence.
  • Strong global supply chain, established sourcing base with long tail of vendors and wide customer base: The company has a strong global supply chain and established sourcing base. Its sales network comprises 4,154 touchpoints in India and globally, as of March 31, 2025. The company is a certified refurbishment partner with Lenovo and HP, which are top two global brands. It serves as ITAD partners for leasing companies, IT consulting companies and banks. The company maintains a multi-channel procurement network in India and globally.
  • Well-established refurbishing capabilities and state-of-art infrastructure, with focus on quality: The company operates five refurbishing facilities with a cumulative area of 58,127.82 sq. ft. located in India, UAE and USA. The facilities are equipped with extensive refurbishing capabilities including motherboard repairs, LCD repairs, and cosmetic work. For the year ended March 31, 2025, the company refurbished 590,787 ICT Devices. The company's facility in India adheres to internationally recognized quality management standards and certifications.
  • Well positioned to harness global shift to sustainability and growing focus on ESG: The company's refurbished ICT Devices, priced up to one third lower of new devices and backed by warranty, provide an environmentally responsible and economically advantageous option. The company contributes to sustainable consumption practices by refurbishing and reintroducing electronics into the market. It has obtained certifications like ISO 14001 and ISO 9001:2015, positioning it well to capitalize on the global shift to sustainable solutions.
  • Experienced management team and qualified personnel with significant industry experience: The company is guided by an experienced leadership team, headed by the Promoter and Founder with 29 years of experience in the information and communication technology industry. The management team comprises qualified professionals with extensive background in key areas. As of March 31, 2025, the company had 1,194 employees, including 949 skilled refurbishing technicians.
  • Track record of profitability and consistent financial performance: The company has established a consistent track record of financial performance reflecting operational efficiency. For the financial years ending March 31, 2025, 2024, and 2023, its revenue from operations stood at ₹14,111.10 million, ₹11,381.38 million and ₹6,595.42 million, respectively. The company has shown continuous improvements in its balance sheet over the last three fiscal years.

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