Mumbai | GNG Electronics Limited, India’s largest refurbisher of laptops and desktops, is set to open its Initial Public Offering (IPO) on Wednesday, July 23, 2025, with the issue closing on Friday, July 25, 2025. The price band for the equity shares has been fixed at Rs225 to Rs237 per share, with a face value of Rs2 each. The anchor investor bidding will take place a day earlier on Tuesday, July 22.

The total offer comprises a fresh issue aggregating up to Rs400 crore and an offer for sale of up to 25.5 lakh equity shares. Investors can bid for a minimum of 63 shares and in multiples thereafter.

Proceeds from the issue will be used to repay certain borrowings and for general corporate purposes. The IPO is being conducted through the book-building process under SEBI regulations.

GNG Electronics operates under the brand Electronics Bazaar and has a strong global presence, with refurbishment facilities across India, the US, and the UAE. The company is a certified refurbishing partner for Microsoft, Lenovo, and HP, and serves large-format retail partners including Vijay Sales, HP India, and Lenovo India.

Motilal Oswal, IIFL Capital Services, and JM Financial are the book-running lead managers for the offer.