Archive · 24 Jul 2025
GNG Electronics IPO Oversubscribed, Attracts Goldman Sachs
Imagine a company, GNG Electronics, that fixes up old computers and sells them.
They wanted to raise money by selling shares, which is called an IPO.
Lots of people wanted to buy these shares!
The company hoped to get around Rs 460 crore, with each share costing about Rs 225.
Companies like Goldman Sachs and others invested in the company.
The money raised will be used to pay off debts, buy supplies, and other business expenses.
GNG Electronics operates under the brand Electronics Bazaar, selling refurbished electronics at lower prices.
GNG Electronics' IPO saw strong investor interest with a 9x subscription rate.
The IPO is valued at Rs 460.63 crore with shares priced at Rs 225-227.
Proceeds will fund debt payments, working capital, and corporate purposes.
Anchor investors included Goldman Sachs, Motilal Oswal, and Ashish Kacholia.
GNG Electronics refurbishes laptops, desktops, and other devices.
- Who
- GNG Electronics, investors, and the public.
- What
- Initial Public Offering (IPO) of GNG Electronics.
- When
- The IPO opened on Wednesday and closed on Friday.
- Where
- India, the US, Europe, Africa, and the UAE.
- Why
- To raise funds for debt payment, working capital, and general corporate purposes.
- IPO Size
- Rs 460.63 crore
- Price per Share
- Rs 225-227
- Subscription Rate
- 9 times
- Retail Investor Subscription
- 8.89 times
- Non-Institutional Investor Subscription
- 18.85 times
- QIB Subscription
- 1.68 times
- Anchor Investors
- Goldman Sachs, Mirae Asset MF, Motilal Oswal MF, Edelweiss MF