Gainers & Losers

YOU ARE ON :
  • HOME /
  • IPO /
  • IPO ISSUES /
  • IPO-SYNOPSIS

GNG Electronics Ltd

Registered Office: Unit No 415 Hubtown Solaris,N S Phadke Marg Andheri (East), Mumbai - 400069, Maharashtra, India.
Phone : +91 22 3123 6588   Fax:
Email :  compliance@electronicsbazaar.com  
Website :  www.electronicsbazaar.com

Initial public offering of 19,427,63 equity shares of face value of Rs.2 each ("Equity Shares") of GNG Electronics Limited ("Company" or "Issuer") for cash at a price of Rs. 237 per equity share (including a share premium of Rs. 235 per equity share) ("Offer Price") aggregating to Rs. 460.44 crores (the "Offer") comprising of a fresh issue of 16,877,637 equity shares of face value of Rs.2 each aggregating to Rs. 400.00 crores* ("Fresh Issue") and an offer for sale of 2,550,000 equity shares of face value of Rs.2 each ("Offered Shares") aggregating to Rs. 60.44 crores comprising 35,000 equity shares of face value of Rs.2 each by Sharad Khandelwal aggregating to Rs.0.83 crores, 35,000 equity shares of face value of Rs.2 each by Vidhi Sharad Khandelwal aggregating to Rs.0.83 crores and 2,480,000 equity shares of face value of Rs.2 each by Amiable Elctronics Private Limited aggregating to Rs. 58.78 crores (collectively, "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer constitutes 17.04% of the post-offer paid up equity share capital of the company.

Issue Money Payable On
Opens on Closes On Application Allotment
23-Jul-25 25-Jul-25 237.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 63   Further Multiples of : 63
  Rs(Cr.) Lead Managers to the Issue
Project Cost 366.42 IIFL Capital Services Ltd
Project Financed through Current Offer 460.44  
Post Issue Equity Share Capital 22.80  
Issue Price 237.00  

Project

  • Prepayment and/or repayment in full or in part of all or a portion of certain outstanding borrowings availed by the company and its material subsidiary namely Electronics Bazaar FZC
  • General corporate purposes

Promoted By

Sharad Khandwal

Vidhi Sharad Khandwal

Kay Kay Overseas Corporation

Listing At

BSE

NSE

Registrar to the Issue

Bigshare Services Pvt Ltd

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.