Support and Resistance Levels
Past performance
About GNG Electronics Ltd GNG Electronics Limited, originally incorporated on October 19, 2006, operates as India's largest refurbisher of laptops, desktops, and ICT devices under the brand name ‘Electronics Bazaar.’ Initially established as a private entity in Mumbai, the company transitioned to public status in 2024, reflecting its growth and ambitions. With a robust presence across India, the USA, Europe, Africa, and UAE, GNG is integrated across the entire refurbishment value chain, from sourcing to after-sales services, providing reliable, affordable, premium ICT devices backed by warranties.
The company offers diverse value-added services, including IT asset disposition (ITAD), e-waste management, doorstep installation, flexible payment options, assured buyback programs, and tailored buyback solutions for major retail chains and OEMs like Vijay Sales, HP, and Lenovo. Its product range also covers open-box and brand-new ICT devices, making it accessible to a broad customer base with varying budgets and needs.
Since commencing operations in 2016, GNG has expanded its footprint aggressively, operating significant facilities in India (Navi Mumbai, Juhinagar) and globally, including in the UAE (Sharjah) and the USA (Dallas, Texas). These expansions underscore its commitment to scaling operations and meeting growing demand, supported by its comprehensive service offerings and supply chain.
To finance further growth, GNG Electronics plans an Initial Public Offering (IPO), raising Rs. 825 crore through a combination of Offer for Sale and a fresh equity issue. This IPO underscores its aspiration to solidify its market leadership and expand its global presence, making it a company of interest for traders seeking opportunities in the ICT recycling and e-waste management sectors.