#GNGElectronicsIPO #IPO2025 #StockMarketIndia #ElectronicsBazaar #CapitalMarkets #InvestingInIndia #DebtFreeJourney #BookBuilding #RetailInvestors #MutualFunds #EquityMarkets #SEBI
Chandigarh: GNG Electronics Limited (“GNG Electronics” or “the Company”), a leading player in the electronics refurbishing and distribution segment under the well-known “Electronics Bazaar” brand, is set to launch its Initial Public Offering (IPO) on Wednesday, July 23, 2025. The IPO will close for subscription on Friday, July 25, 2025, while the Anchor Investor Bidding Date is scheduled for Tuesday, July 22, 2025, one working day before the offer opens to the public.
Price Band and Lot Size
The Company has fixed the price band at ₹225 to ₹237 per equity share, each having a face value of ₹2. Bidders can place bids for a minimum of 63 equity shares, and thereafter in multiples of 63 equity shares. At the upper end of the price band, the minimum investment by a retail investor will amount to ₹14,931.
Offer Structure and Size
The IPO consists of two components:
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A fresh issue of equity shares aggregating up to ₹400 crore, and
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An Offer for Sale (OFS) of up to 2,550,000 equity shares of face value ₹2 each by existing shareholders.
At the top end of the price band, the total issue size is expected to be approximately ₹460.43 crore. The fresh issue will enable the Company to reduce its debt burden and strengthen its financial position.
Utilization of Proceeds
GNG Electronics intends to utilize the net proceeds from the fresh issue for the following purposes:
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Prepayment and/or repayment of certain borrowings availed by the Company and its material subsidiary, Electronics Bazaar FZC.
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General corporate purposes, including business expansion initiatives and working capital requirements.
Book-Building Process and Allocation
The offer is being made in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, and the SEBI ICDR Regulations. The IPO will follow the Book Building Process, with the allocation structure as follows:
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Not more than 50% of the Offer will be available for allocation to Qualified Institutional Buyers (QIBs). The Company, in consultation with the Book Running Lead Managers (BRLMs), may allocate up to 60% of the QIB portion to Anchor Investors, on a discretionary basis. Of this, one-third will be reserved for domestic mutual funds, subject to valid bids.
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Not less than 15% of the Offer will be available for allocation to Non-Institutional Investors (NIIs), divided into two sub-categories based on the application size (₹0.2 million–₹1 million and above ₹1 million).
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Not less than 35% of the Offer will be reserved for Retail Individual Investors (RIIs), ensuring wide retail participation.
All investors, except Anchor Investors, will be required to apply through the Application Supported by Blocked Amount (ASBA) mechanism, with the UPI option available for retail bidders.
Lead Managers and Registrar
The IPO is being managed by a consortium of reputed financial institutions. Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited (formerly IIFL Securities Limited), and JM Financial Limited are the Book Running Lead Managers (BRLMs) to the issue. Bigshare Services Private Limited is acting as the Registrar to the issue.
Company Overview
GNG Electronics Limited has established itself as a trusted name in the electronics refurbishing and distribution industry, specializing in the sale of laptops, desktops, and IT assets through its well-recognized brand, Electronics Bazaar. The Company has also developed a robust presence in B2B and B2C channels, IT asset disposition services, and exports. By leveraging advanced refurbishment techniques, strong supply chain networks, and a commitment to sustainability, the Company has positioned itself to capture significant opportunities in the rapidly growing refurbished electronics market.
Growth Strategy and Competitive Strengths
With the Indian electronics market seeing a surge in demand for affordable yet quality devices, GNG Electronics is poised to benefit from the increasing popularity of refurbished products. Its strong distribution channels, brand credibility, and operational expertise offer a strategic advantage. The Company aims to utilize IPO proceeds to de-leverage its balance sheet, thereby enhancing its financial flexibility for future expansion, technology upgrades, and scaling its refurbished electronics ecosystem.
IPO Timeline
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Anchor Investor Bidding Date: Tuesday, July 22, 2025
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Bid/Issue Opening Date: Wednesday, July 23, 2025
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Bid/Issue Closing Date: Friday, July 25, 2025
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Basis of Allotment: On or before Monday, July 28, 2025
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Refunds and Demat Credit: On or before Tuesday, July 29, 2025
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Proposed Listing Date: Wednesday, July 30, 2025
Investor Advisory
Potential investors are encouraged to read the Red Herring Prospectus (RHP) carefully before making investment decisions. The RHP is available on the Company’s website www.electronicsbazaar.com as well as on the websites of SEBI, BSE, NSE, and the BRLMs. Investments in equity shares involve a high degree of risk. For detailed risk factors, please refer to the RHP.
Disclaimer
GNG Electronics Limited is proposing, subject to market conditions and receipt of requisite approvals, to make an initial public offer of its equity shares. The equity shares offered in the IPO have not been and will not be registered under the U.S. Securities Act, and may not be offered or sold within the United States except pursuant to applicable exemptions.
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