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GNG Electronics Ltd (Electronics Bazaar) IPO

  July 24,2025

GNG Electronics Ltd, operating under the brand ‘Electronics Bazaar’, is India’s largest refurbisher of laptops and desktops and among the largest refurbishers of ICT devices globally. The company specializes in refurbishing ICT devices, offering a cost-effective alternative to new devices, typically ~60-70% cheaper, with clear warranties of up to three year and robust customer support.

The company sources products from corporates, banks, leasing companies, and OEMs, providing tailored buyback solutions for large format retail stores and OEM brand stores. Sales are conducted through a multi-channel network, including their online platform, physical stores, and a robust distribution network comprising IT Solutions Providers/Value Added Resellers, System Integrators, E-Tailers, and Rental and Leasing Companies.

The company operates in total 5 refurbishment facilities globally, with a cumulative area of approximately 58,127.82 sq. ft. One in Navi Mumbai, India, operational since 2016, which is also a certified refurbishment facility for Lenovo and HP. Three facilities in Sharjah, UAE, commenced in 2017, 2022, and 2023. One facility in Dallas, Texas, USA, commenced in 2024.

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