Mumbai: GNG Electronics Limited, a prominent player in India’s consumer and electronic solutions space, has announced the launch of its Initial Public Offering (GNG Electronics IPO) scheduled to open on Wednesday, July 23, 2025.
The price band for the GNG Electronics IPO has been set between ₹225 and ₹237 per equity share (face value ₹2 each).
The anchor investor bidding will begin on Tuesday, July 22, while the public issue will close on Friday, July 25, 2025. Interested investors can place bids for a minimum of 63 equity shares and in multiples of 63 thereafter.
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GNG Electronics IPO: Structure and Utilization of Proceeds
The GNG Electronics IPO consists of a fresh issue of equity shares aggregating up to ₹400 crore, along with an Offer for Sale (OFS) of 2,550,000 shares by existing stakeholders. The net proceeds will be used primarily for:
- Prepayment or repayment of certain borrowings by GNG Electronics and its material subsidiary, Electronics Bazaar FZC,
- General corporate purposes.
Reservation and Allocation Details
The GNG Electronics IPO is being conducted through the Book Building Process, adhering to SEBI ICDR Regulations. The allocation will be as follows:
- Up to 50% of the offer is reserved for Qualified Institutional Buyers (QIBs), of which up to 60% may be allocated to Anchor Investors.
- At least 35% of the net offer is reserved for Retail Individual Investors (RIIs).
- Not less than 15% will be allocated to Non-Institutional Investors (NIIs), including high-net-worth individuals.
- A portion of the QIB reservation (5%) is exclusively earmarked for Mutual Funds.
- All non-anchor participants must apply through the Application Supported by Blocked Amount (ASBA) mechanism, with retail bidders also required to use UPI-based payment.
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Listing and Lead Managers
The equity shares are proposed to be listed on both BSE and NSE. The Book Running Lead Managers (BRLMs) for the issue are:
- Motilal Oswal Investment Advisors Limited
- IIFL Capital Services Limited
- JM Financial Limited
For full offer details, refer to the Red Herring Prospectus.
