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GNG Electronics Confirms Rs 460 Crore IPO Pricing, Bidding Opens July 22

Proceeds will be used largely to pare debt before the stock begins trading on July 30.

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GNG Electronics IPO opens on July 23; Check all details like price band, lot size & more

Overview

  • The IPO price band is set at Rs 225–237 per share, valuing GNG Electronics at up to Rs 2,702 crore.
  • The Rs 460 crore issue consists of a Rs 400 crore fresh equity offer and up to 51 lakh shares via promoter offer-for-sale.
  • Up to Rs 320 crore of fresh issue proceeds will fund debt repayment, with the remainder earmarked for general corporate purposes.
  • Institutional anchor bidding starts July 22, public subscription runs July 23–25, and listing on BSE and NSE is scheduled for July 30.
  • Operating under Electronics Bazaar, the company posted FY25 revenue of Rs 1,411 crore and 32% profit growth from its global refurbishment network.