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New Delhi: GNG Electronics IPO is all set to open for public subscription on July 23 and conclude on July 25, 2205. The price band is fixed in the range of Rs 225 to Rs 237 per share.
GNG Electronics is launching a Rs 460-crore initial public offering (IPO) in the market. The company is engaged in the business of refurbishing laptops and desktops.
GNG Electronics IPO allotment is expected on July 28, 2025 and the shares are likely to be credited to the demat accounts of eligible shareholders on July 29. The shares of the company will list on BSE, NSE with a tentative listing date fixed 30th July 2025.
To apply for a single lot of 63 shares, an investor has to make a minimum amount of investment of Rs 14,175. The NII category investors are required to bid for 14 lots, amounting to Rs 2,09,034, while the investors making bid in the bNII portion, are mandated to apply for 67 lots with an investment of Rs 10,00,377.
GNG Electronics is one of the leading refurbishers of laptops and desktops. The company has its presence in foreign countries, including the US, Europe, Africa, and the UAE. At GNG Electronics Limited, is the parent company of Electronics Bazaar.
50 per cent of the IPO is reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
Book-running lead managers to GNG Electronics: Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial.
(Disclaimer: (Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.))
