Is GNG Electronics’ IPO a risky bet for investors amid rising working capital needs?

July 22, 2025

GNG Electronics, India’s largest refurbisher of laptops and desktops, plans to raise ₹400 crore through a fresh issue and ₹60 crore through an offer for sale. The company’s revenue and net profit have more than doubled in the last two fiscal years, driven by strong growth in overseas markets.

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