GNG Electronics IPO Goes Wild: Subscribed 146.90 Times on Final Day!

In a stunning show of investor enthusiasm, the initial public offering (IPO) of GNG Electronics has been subscribed a whopping 146.90 times, with applications flooding in for over 208.43 crore shares against the 1.41 crore shares offered, as per stock exchange data at 5:30 PM IST on Friday, July 25, 2025.

The IPO, which opened for bidding on July 23, 2025, and closed on July 25, 2025, had a price band set between ₹225 and ₹237 per share. Investors could apply for a minimum of 63 equity shares and in multiples thereof. The offering included a fresh issue worth ₹400 crore and an offer for sale of 25.5 lakh equity shares. From the fresh issue proceeds, ₹320 crore will go toward repaying or redeeming certain borrowings by GNG Electronics and its subsidiary, Electronics Bazaar FZC, with the rest earmarked for general corporate purposes.

GNG Electronics, operating under the brand Electronics Bazaar, is a major player in refurbishing laptops, desktops, and ICT devices. With a presence in India, the USA, Europe, Africa, and the UAE, the company handles everything from sourcing and refurbishment to sales and after-sales support, including IT asset disposition (ITAD) and e-waste management.

The company boasts big-name clients like Vijay Sales, HP, and Lenovo, offering tailored buyback programs. It sells refurbished devices across 38 countries through a vast network of 4,154 touch points as of March 31, 2025.

Ahead of the IPO, GNG Electronics raised ₹138.13 crore from anchor investors on July 22, 2025, by allotting 58.28 lakh shares at ₹237 each to 14 anchor investors.

Financially, the company is on solid ground, reporting a consolidated net profit of ₹68.83 crore and sales of ₹1,411.11 crore for the year ending March 31, 2025.

Also Read: GNG Electronics IPO 2025: GMP, Date, Price, Review, Allotment Details