GNG Electronics Ltd, the holding company behind well-known B2B electronics marketplace Electronics Bazaar, has received the green light from the Securities and Exchange Board of India (SEBI) to launch its Rs 450 crore Initial Public Offering (IPO).
The IPO, expected to hit the markets in the coming weeks, will comprise a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders. Market watchers say this could be one of the most anticipated public listings in the electronics supply chain segment this year.
“With SEBI’s nod secured, GNG Electronics is now gearing up for its listing, aiming to raise funds for business expansion, R&D, and reducing debt,” said a senior company executive.
🔍 Company Snapshot: GNG Electronics
Founded: 2007
Headquarters: Noida, Uttar Pradesh
Flagship Platform: Electronics Bazaar
Business Focus: B2B electronics distribution, OEM solutions, manufacturing services
Clientele: Over 10,000 SMEs, startups, and contract manufacturers
📈 IPO Details (Expected)
| Component | Estimated Value |
|---|---|
| Total Issue Size | ₹450 crore |
| Fresh Issue | ₹300 crore (approx.) |
| Offer for Sale | ₹150 crore |
| Use of Proceeds | Expansion, tech infra, debt reduction |
| Book-Running Lead Managers | ICICI Securities, Axis Capital |
Note: Final numbers subject to DRHP and RHP disclosures.
💡 Why This IPO Matters
✅ Boost for B2B Electronics Sector
With India’s electronics market poised for $300 billion by 2026, GNG’s listing gives investors a rare chance to tap into the B2B electronics distribution space.
✅ Strong Digital Presence
Electronics Bazaar’s pan-India distribution network, integrated logistics, and proprietary technology give GNG a strong competitive moat.
✅ IPO Market Revival Signal
Following tepid primary markets in early 2025, the approval of a tech-backed electronics player may reignite IPO interest.
📊 Financial Highlights (FY24)
Revenue: ₹980 crore
EBITDA Margin: 10.2%
PAT: ₹76 crore
YoY Growth: 34% revenue increase over FY23
❓ FAQ Section
Q1: What is GNG Electronics?
A: GNG Electronics is the parent company of Electronics Bazaar, a leading B2B electronics distribution platform serving OEMs, SMEs, and startups.
Q2: When is GNG Electronics' IPO expected?
A: With SEBI approval in place, the IPO is expected to open in the coming weeks, subject to final regulatory and market conditions.
Q3: What is the size of the IPO?
A: The IPO will be worth approximately ₹450 crore, including both a fresh issue and offer for sale.
Q4: How will GNG use the IPO proceeds?
A: The funds will be used for expansion, digital infrastructure upgrades, and debt repayment.
Q5: Who are the lead managers for the IPO?
A: ICICI Securities and Axis Capital are expected to be the book-running lead managers for the issue.
Q6: Is Electronics Bazaar profitable?
A: Yes, as of FY24, GNG Electronics reported a PAT of ₹76 crore and strong year-on-year growth, indicating sound financials.
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Reported by Benny on June 24, 2025.
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