Gng Electronics Limited
Minimum investment
Bidding date
23 Jul - 25 Jul 2025
Price range
—
Minimum quantity
63
Minimum investment
₹14,175
Issue size
—
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
GNG Electronics Limited, incorporated in 2006, is a leading refurbishing solutions provider for ICT (Information and Communication Technology) devices such as laptops and desktops. Operating under the brand name Electronics Bazaar, the company provides end-to-end services from sourcing to refurbishment, sales, after-sales support, and warranty both in India and globally across 38 countries.
Its value-added offerings include IT Asset Disposition (ITAD), e-waste management, doorstep service, warranty, on-site installation, buyback programs, and flexible payment options. GNG Electronics has established partnerships with major OEMs like HP, Lenovo, and retail giants like Vijay Sales to support efficient buyback solutions that promote sustainable tech consumption.
As of March 31, 2025, the company has a strong network of 4,154 sales touchpoints and a workforce of 1,194 employees, reflecting its robust operational presence and scalability.
Operates in High-Growth Sector: The company operates in the rapidly expanding electronics refurbishment and circular economy segment, aligned with growing environmental awareness and cost-conscious consumer behavior.
Strong Partnerships with OEMs: GNG has established partnerships with major OEMs like HP, Lenovo, and retail chains like Vijay Sales, enabling large-scale, efficient buyback and resale programs.
Global Distribution Network: With a presence in 38 countries and 4,154 sales touchpoints, GNG has built a robust sales and service infrastructure both in India and overseas.
Strong Financial Performance: The company has demonstrated steady growth in revenue, profits, and EBITDA from FY23 to FY25, indicating a stable and scalable business model.
Scalable Operations: From sourcing to after-sales service, GNG’s full-stack service model including ITAD and e-waste solutions supports scalable and repeatable business growth across geographies.
High Financial Leverage: With a debt-to-equity ratio of 1.95, the company carries a relatively high debt burden, which may increase interest obligations and financial risk.
Moderate Profit Margins: Despite growth, the PAT margin remains at 4.89%, suggesting limited room for margin expansion amidst competitive pricing pressures.
Revenue Dependence on OEMs: A significant portion of revenue is tied to a few large OEM and retail partners, making the business vulnerable to changes in partnership terms or OEM policies.
Competitive Industry Landscape: The refurbished electronics market is highly competitive, with threats from both organized and unorganized players impacting pricing power and customer loyalty.
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