(L-R): Ajay Pancholi (Director, GNG Electronics Limited), Sharad Khandelwal (Founder and Managing Director, GNG Electronics Limited) and Raakesh Jhunjhunwala (Chief Financial Officer, GNG Electronics Limited).
| Photo Credit: Special Arrangement
GNG Electronics Ltd., which is into repairing and selling of used laptops and computers among other gadgets at one third the cost of new one, has announced a ₹460-crore Initial Public Offering (IPO) in the price band of ₹225 to ₹237 per equity share with face value of ₹2 each.
The issue will open on Wednesday, July 23 and close on Friday, July 25. The IPO comprises of a fresh issue aggregating ₹400 crore and an offer for sale of up to 2,550,000 equity shares.
Bids can be made for a minimum of 63 equity shares and in multiples of 63 shares thereafter. The company proposes to utilise the net proceeds towards the prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company and the material subsidiary, namely, Electronics Bazaar FZC and general corporate purposes.
Published – July 18, 2025 10:13 pm IST
