• Price Band fixed at ₹225 per equity share to ₹237 per Equity Share of face value of ₹2 each of GNG Electronics Limited (“Equity Shares”)
  • Bid /Offer Opening Date is Wednesday, July 23, 2025; Bid/ Offer Closing Date is Friday, July 25, 2025
  • Bids can be made for a minimum of 63 Equity Shares and in multiples of 63 Equity Shares thereafter

National : GNG Electronics Limited, has allotted 58,28,290 Equity Shares to 14 anchor investors and raised ₹ 138.13 Crores ahead of company’s proposed IPO at the upper end of the price band at ₹237 per equity share (including premium of ₹235 per equity shares) with face value of ₹ 2 per equity share.

Investors include Goldman Sachs, Mirae Asset MF, Motilal Oswal MF, Edelweiss MF, Buoyant Opportunities Strategy, and marquee investors like Ashish Kacholia’s Bengal Finance, Madhusudan Kela’s Founder Collective Fund and Mint Focused Growth Fund to name a few.

Out of the total allocation of 58,28,290 Equity Shares to the Anchor Investors, 22,96,104 Equity Shares (i.e. 39.40% of the total allocation to Anchor Investors) were allocated to 3 domestic mutual funds through a total of 4 schemes.

The total offer comprises of a fresh issue of equity shares of face value of ₹2 each aggregating up to ₹ 400 Crores and an offer for sale of up to 2,550,000 equity shares of face value of ₹ 2 each comprising of upto, 35,000 Equity shares by Sharad Khandelwal aggregating upto such million, up to 35,000 by Vidhi Sharad Khandelwal aggregating up to such million, up to 2,480,000 by Amiable Electronics Private Limited, and an offer for sale of equity shares by the selling shareholders, the “offer for sale”). The offer shall constitute [●]% of the post-offer paid up equity share capital of our company.

The Company proposes to utilize 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.

Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and JM Financial Limited are the Book Running Lead Managers to the issue.