Archive · 24 Jul 2025
GNG Electronics IPO Oversubscribed, Attracting Major Investors
Imagine a company, GNG Electronics, that fixes up old computers and sells them again.
They decided to sell shares of their company to the public for the first time, like asking people to become part-owners.
This is called an IPO.
Lots of people wanted to buy these shares!
The offering was "subscribed" 9 times, meaning nine times more people wanted to buy shares than were available.
The company will use the money raised to pay off debts, buy more supplies, and other business activities.
The company operates under the brand Electronics Bazaar and sells laptops at one-third the price of new devices.
GNG Electronics' IPO was oversubscribed by 9 times.
The IPO is priced at Rs 225-227 per share and closes on Friday.
The IPO includes a fresh share sale of Rs 400 crore and an offer-for-sale of up to 25.50 lakh shares.
The company raised ₹138.13 crore from 14 anchor investors.
GNG Electronics is a leading refurbisher of laptops and desktops with a global presence.
- Who
- GNG Electronics, a refurbisher of laptops and desktops, and investors including Goldman Sachs, Ashish Kacholia, and Motilal Oswal.
- What
- GNG Electronics' IPO, which is a sale of company shares to the public.
- When
- The IPO opened on Wednesday and closes on Friday, July 26, 2025.
- Where
- GNG Electronics operates globally, with presence across India, the US, Europe, Africa, and the UAE.
- Why
- The company is raising money for debt payment, working capital, and general corporate purposes.
- IPO Amount
- Rs 460.63 crore
- Share Price
- Rs 225-227
- Subscription
- 9 times
- Anchor Investors Funds Raised
- ₹138.13 crore
- Anchor Investors
- Goldman Sachs, Mirae Asset MF, Motilal Oswal MF, Edelweiss MF, and others
- Lead Managers
- Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial
- Retail Investors Subscription
- 8.89 times