GNG Electronics Offers Top Refurbished Laptops

Its IPO To Open On July 23: Its products come with comprehensive warranties of up to 3 years, backed by a dedicated support team committed to ensuring customer satisfaction.

(L-R) Ajay Pancholi (Director, GNG Electronics), Sharad Khandelwal (Founder and MD, GNG Electronics) and Raakesh Jhunjhunwala (CFO, GNG Electronics) addressed the gathering at the GNG Electronics Limited press conference.

FinTech BizNews Service

Mumbai, July 20, 2025: GNG Electronics Limited (“COMPANY”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, July 23, 2025. The Anchor Investor Bidding Date is one working day prior to bid/offer opening date, being Tuesday, July 22, 2025. The Bid/ Offer Closing Date is Friday, July 25, 2025.

The total offer size comprises of a fresh issue of equity shares of face value of Rs2 each aggregating up to Rs400 Crores and an offer for sale of up to 2,550,000 equity shares of face value of Rs2 each. (“Total Offer Size”). Price Band of the issue is fixed at Rs. 225 to Rs 237 per equity share. (“The Price Band”). Bids can be made for a minimum of 63 Equity Shares and in multiples of 63 Equity Shares thereafter. (“Bid Lot”).

The Company proposes to utilize the Net Proceeds towards the prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and the Material Subsidiary, namely, Electronics Bazaar FZC and general corporate purposes.

Mr. Sharad Khandelwal, Founder and Managing Director, GNG Electronics Limited, said: “At GNG Electronics, we are revolutionizing the way technology is accessed, utilized, and sustained. GNG Electronics Limited, as the parent company of Electronics Bazaar, we specialize in offering high-quality refurbished laptops and desktops tailored to meet the needs of individuals, businesses, and organizations. Our mission is to make technology accessible, affordable, and sustainable while maintaining the highest quality and performance standards.”

GNG Electronics’ India-based facility is a state-of-the-art operation certified by CPCB, MPCB, and R2v3 standards, along with ISO 9001, 14001, and 45001 accreditations. These certifications reflect its unwavering commitment to quality, safety, and environmental stewardship. Over the years, Electronics Bazaar, a flagship brand of GNG Electronics Limited, has emerged as a trusted leader in the refurbished IT equipment market.

Khandelwal added: “Our expert team ensures that every product undergoes a meticulous selection, testing, and refurbishing process to meet stringent quality benchmarks. This attention to detail ensures that our refurbished laptops and desktops deliver outstanding performance, making them an ideal choice for businesses, students, and professionals.”

What GNG Electronics Offers

• Refurbished Laptops and Desktops: A wide selection of refurbished laptops and desktops includes top brands renowned for their reliability and performance.
• Affordable Prices: GNG Electronics Limited leverages an efficient refurbishing process that allows it to offer competitive prices without compromising on quality. This ensures technology is affordable and accessible to everyone.
• Environmentally Friendly Solutions: By refurbishing and reusing IT assets, it actively reduces e-waste, contributing to a greener and more sustainable future.
• Reliable Warranty & Support: Its products come with comprehensive warranties of up to 3 years, backed by a dedicated support team committed to ensuring customer satisfaction.
• Assured Buyback: Customers can enjoy secure disposal value for their devices when they purchase from Electronics Bazaar, a trusted brand of GNG Electronics Limited.
• IT E-Waste Disposal: The company offers responsible disposal services for old IT assets, providing better rates and faster service.
• Leasing of Refurbished Devices: For businesses and individuals seeking flexibility, it provides leasing solutions that combine cost-effectiveness with hassle-free maintenance and support.

Global Reach

With its strong presence across India, GNG Electronics Limited is also extending its footprint to international markets, including the USA and UAE. Khandelwal further said: “Through Electronics Bazaar, we aim to provide affordable and reliable refurbished technology solutions worldwide. As a company, we constantly strive to expand our reach and form lasting partnerships that align with our values of sustainability, quality, and customer satisfaction.”