GNG Electronics, India’s leading refurbisher of laptops and desktops, has fixed the price band for its upcoming Initial Public Offering at ₹225–₹237 per share. The offer opens on July 23, 2025, and closes on July 25, 2025.
IPO Schedule and Key Details
- Anchor Book Opens: July 22, 2025
- Public Subscription Dates: July 23 to July 25, 2025
- IPO Share Allotment: Expected by July 28, 2025
- Stock Exchange Listing: Shares will be listed on both BSE and NSE from July 30, 2025
IPO Structure and Fundraising Goals
The IPO’s total issue size is projected at ₹460.44 crore at the top price band.
Breakdown:
- Fresh Issue: ₹400 crore worth of shares
- Offer for Sale (OFS): 25.5 lakh equity shares by promoters
The IPO’s primary goal is to cut company debt by ₹320 crore; the remainder will fund corporate initiatives.
Company Overview: GNG Electronics
GNG Electronics specializes in refurbishing laptops, desktops, and ICT devices. It operates in:
- India
- United States
- Europe
- Africa
- UAE
The company operates five major refurbishment facilities worldwide, located in India, the USA, and UAE.
GNG’s only listed competitor is Newjaisa Technologies, which has a smaller market presence.
Financial Performance Overview
Revenue
- FY24: ₹1,138.1 crore
Net Profit
- FY24: ₹52.3 crore
Lead Managers for the IPO
The book running lead managers for the GNG Electronics IPO include:
- Motilal Oswal Investment Advisors
- IIFL Capital Services
- JM Financial
Summary
GNG Electronics’ IPO share price is set at ₹225–237 per share.With a total issue size of ₹460.44 crore, the company aims to bolster its financial position and fund general corporate activities. As a global ICT refurbishing leader, GNG will list on July 30, following a three-day subscription period from July 23 to 25.
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