06 Apr 2026
Deal: Trilegal advised on the successful listing of GNG Electronics
31 Jul 2025
31 Jul 2025
Trilegal advised on the successful listing of equity shares by GNG Electronics Limited (“GNG”) aggregating to INR 4,604.35 million (“IPO”).
GNG operates under the brand “Electronics Bazaar” and is India’s largest refurbisher of laptops and desktops and among the largest refurbishers of information and communication technology devices overall, both globally and in India, with significant presence across India, USA, Europe, Africa and UAE. It is among the select few companies operating under such a distinctive and differentiated business model.
The IPO received an overwhelming response, with the qualified institutional buyer portion oversubscribed by 266.21 times and the overall IPO subscribed by 147.93 times. It made a strong debut on the bourses, listing at a 50% premium to the offer price.
The IPO proceeds will be used for repayment of its and its subsidiary’s outstanding borrowings.
The syndicate of book running lead managers, comprised of Motilal Oswal Investment Advisors Limited, JM Financial Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited).
The Trilegal Capital Markets team advising on the matter was led by Partner: Richa Choudhary; and supported by Counsel: Avanti Kale and Maitreya Rajurkar; Senior Associate: Aayush Khandelwal; and Associates: Kartikeya Anshu, Shivam Punjani, and Samruddhi Varma.
Media link:
https://www.thehindu.com/business/gng-electronics-unveils-460-crore-ipo/article69828463.ece
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 140 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
Under the rules of the Bar Council of India, Trilegal is prohibited from soliciting work or advertising in any form or manner. By accessing this website, www.trilegal.com, you acknowledge that:
We prioritize your privacy. Before proceeding, we encourage you to read our privacy policy, which outlines the below, and terms of use to understand how we handle your data:
For more information, please read our terms of use and our privacy policy.
