GNG Electronics Ltd Share Price

History of GNG Electronics Ltd

GNG Electronics Limited was originally incorporated as 'GNG Electronics Private Limited' dated October 19, 2006, issued by the Registrar of Companies, Maharashtra at Mumbai. Subsequently, Company's status converted from a Private to Public Company, and following this, the name of the Company was changed to 'GNG Electronics Limited' and a fresh Certificate of Incorporation was issued by RoC, on November 20, 2024. The Company is India's largest refurbisher of laptops and desktops and ICT devices, both globally and in India with significant presence across India, USA, Europe, Africa and UAE. It operate under the brand 'Electronics Bazaar', with presence across the full refurbishment value chain i.e., from sourcing to refurbishment to sales, to after - sale services and providing warranty. ...It solve customers' requirement of affordable, reliable and premium ICT Devices which are as good as new devices, both functionally and aesthetically, and are backed by proven warranty. It offer other value - added services such as IT asset disposition (ITAD) and e - waste management services, warranties, doorstep service on - site installation, flexible pay options, easy upgrades, assured buyback programmes and buyback programmes for refurbished ICT Devices. In addition, Company provide tailored buyback solutions for laptops and desktops to help large format retail stores such as Vijay Sales (India) Private Limited and OEM brand stores such as HP India Sales Private Limited and Lenovo Global Technology (India) Private Limited to run efficient, customer - friendly buyback programs facilitating sale of new devices. It also offer other categories of ICT Devices such as open - box and brand new ICT Devices, providing customers with a range of options that cater to different needs and budgets. The Company started operations at its facility in Mumbai during the year 2016. It launched production at the Sharjah facility in UAE in 2017; expanded the operations to 21,969 sq ft facility in Nerul, Navi Mumbai in 2018; again expanded an additional facility in Sharjah, UAE in 2022; expanded operations to warehouse in Juhinagar, Navi Mumbai in 2023; further expanded two additional facilities of 6,458.35 square feet each, bringing combined total facilities in Saif Zone, covering 21,527.82 square feet. The Company further commenced operations at its Dallas, Texas, USA facility spread across 11,000 square feet in 2024. The Company launched the IPO by issuing 19,427,637 equity shares of face value of Rs 2 each by raising funds aggregating to Rs 460 Crore, comprising a fresh issue of 16,877,637 equity shares aggregating to Rs 400 Crore and offer for sale of 2,550,000 equity shares aggregating Rs 60 Crore in Jul'25.