Subscribe for GNG Electronics Ltd IPO; Anand Rathi

Anand Rathi, has come out with its report on GNG Electronics Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on July 22, 2025.

Broker Research

July 23, 2025 / 13:10 IST

IPO

Anand Rathi, GNG Electronics Ltd

Incorporated in 2006, GNG Electronics Limited provides comprehensive refurbishing services for laptops, desktops, and ICT devices, serving both domestic and international markets, including India, the USA, Europe, Africa, and the UAE. Operating under the brand name “Electronics Bazaar,” the company manages the entire value chain from sourcing and refurbishing to sales, after-sales support, and warranty services. The company follows a repair-over-replacement approach, which provides cost advantages and helps achieve sustainability by reducing carbon footprint. GNG Electronics provides tailored buyback solutions for laptops and desktops to help large format retail stores such as Vijay Sales (India) Private Limited (“Vijay Sales”) and OEM brand stores such as HP India Sales Private Limited (“HP”) and Lenovo Global Technology (India) Private Limited (“Lenovo”) to run efficient, customer–friendly buyback programs facilitating sale of new devices.

Valuation and Outlook

However, the business requires significant amount of working capital due to time lag between purchase of devices to be refurbished and sale of inventory. Hence, we give “SUBSCRIBE for LONG TERM” rating for the issue.

For all IPO report, click here