Archive · 18 Jul 2025
GNG Electronics Announces IPO with ₹225-237 Price Band
GNG Electronics, a company that fixes up old laptops and computers, is selling shares to the public (IPO) to raise money.
They're selling each share for between ₹225 and ₹237.
The company hopes to raise about ₹460 crore total, using the money to pay off debt and grow their business.
The IPO starts on July 23rd and people can buy shares until July 25th.
GNG Electronics sells refurbished devices at lower prices than new ones, under the brand "Electronics Bazaar."
GNG Electronics, a laptop and desktop refurbisher, announced its IPO.
The IPO price band is set at ₹225 to ₹237 per share.
The IPO will open for public subscription on July 23 and close on July 25.
The IPO includes a fresh issue and an offer-for-sale, totaling ₹460.43 crore.
Proceeds will be used for debt payment, working capital, and general corporate purposes.
- Who
- GNG Electronics, a refurbisher of laptops and desktops.
- What
- GNG Electronics is launching an IPO.
- When
- The IPO opens July 23 and closes July 25, 2025.
- Where
- India, with presence in the US, Europe, Africa, and the UAE.
- Why
- To raise capital for debt payment, working capital and general corporate purposes.
- Company
- GNG Electronics
- IPO Type
- Initial Public Offering
- Price Band
- ₹225 to ₹237 per share
- Total Issue Size
- ₹460.43 crore
- Opening Date
- July 23, 2025
- Closing Date
- July 25, 2025
- Listing Date (expected)
- July 30, 2025