Archive · 23 Jul 2025
GNG Electronics IPO Launches with ₹460.43 Crore Offering
Imagine a company called GNG Electronics, which fixes up old computers to sell again.
They're selling shares of their company to raise money, called an IPO.
The price of each share is between ₹225 and ₹237.
They're hoping to raise ₹460.43 crore in total, with some of that coming from selling new shares and some from the owners selling their shares.
The money will help them pay off debts, buy more supplies, and run the business.
The IPO started on Wednesday, July 23 and will end on Friday, July 25.
GNG Electronics launched its IPO on Wednesday, July 23.
The IPO price band is between ₹225 and ₹237 per share.
The IPO comprises a fresh issue of ₹400 crore and an offer for sale of ₹60.43 crore.
Proceeds from the fresh issue will be used for debt repayment, working capital, and general corporate purposes.
Motilal Oswal, IIFL, and JM Financial are managing the IPO.
- Who
- GNG Electronics, a refurbisher of laptops and desktops.
- What
- GNG Electronics launched its IPO.
- When
- The IPO launched on Wednesday, July 23 and will conclude on Friday, July 25.
- Where
- India, US, Europe, Africa, and the UAE.
- Why
- To raise capital for debt repayment, working capital, and general corporate purposes.
- Company
- GNG Electronics
- IPO Launch Date
- July 23
- IPO End Date
- July 25
- Price Band
- ₹225 - ₹237 per share
- Issue Size
- ₹460.43 crore
- Use of Funds
- Debt repayment, working capital, corporate purposes
- Lead Managers
- Motilal Oswal, IIFL Capital Services, JM Financial