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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment and prepayment of borrowings
Repaying or prepaying certain outstanding borrowings of the company and its material subsidiary, Electronics Bazaar FZC.
General corporate purposes
-
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
GNG Electronics Limited, operating under the Electronics Bazaar brand, refurbishes laptops, desktops and other ICT devices for sale in India and internationally, covering the full value chain from sourcing and refurbishment to sales, after-sales service and warranty support. Incorporated in 2006, the company runs five refurbishing facilities across India, the United States and the UAE, and reaches customers in more than 30 countries through a large network of distribution touchpoints. It works as an authorized refurbishing and reselling partner for major global IT hardware brands. GNG Electronics has established itself as India's largest refurbisher of laptops and desktops and one of the larger ICT device refurbishers globally, with revenue and profit both growing steadily over the last three fiscal years.
The company raised approximately Rs 134.8 crore from anchor investors ahead of the IPO, with shares allotted at the issue price of Rs 237 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 5:30 AM
Market-leading refurbisher
India's largest refurbisher of laptops and desktops, and among the largest ICT device refurbishers globally, operating as Electronics Bazaar.
Global manufacturing and distribution footprint
Operates five refurbishing facilities across India, the US and the UAE, reaching customers in more than 30 countries through a large distribution network.
Strong recent growth
Revenue and profit have both grown steadily over the last three fiscal years.
Established brand partnerships
Works as an authorized refurbishing and reselling partner for major global IT hardware brands.
Laptop revenue concentration
More than three-quarters of revenue comes from laptop sales, making the business sensitive to a slowdown in that single category.
Customer concentration
The top ten customers together account for a large share of revenue, so losing even one could meaningfully affect results.
Meaningful debt load
The company carries a sizeable borrowing base, and servicing it depends on continued earnings growth.
GNG Electronics Limited
Unit No. 415, Hubtown Solaris, N.S. Phadke Marg, Andheri (East), Mumbai, Maharashtra 400069
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Working capital and inventory intensity
Inventory holding periods have lengthened recently, which can tie up cash and pressure liquidity.
Unorganized-market competition
A large share of the refurbished electronics market in India remains unorganized, creating intense price-based competition.