GNG Electronics Ltd., which is into repairing and promoting of used laptops and computer systems amongst different devices at one third the price of new one, has introduced a ₹460-crore Initial Public Offering (IPO) within the worth band of ₹225 to ₹237 per fairness share with face worth of ₹2 every.
The problem will open on Wednesday, July 23 and shut on Friday, July 25. The IPO contains of a recent problem aggregating ₹400 crore and a suggestion on the market of as much as 2,550,000 fairness shares.
Bids might be made for at least 63 fairness shares and in multiples of 63 shares thereafter. The firm proposes to utilise the web proceeds in the direction of the prepayment and/or reimbursement, in full or partly, of all or a portion of sure excellent borrowings availed by the corporate and the fabric subsidiary, particularly, Electronics Bazaar FZC and normal company functions.
