GNG Electronics unveils ₹460-crore IPO
The issue will open on Wednesday, July 23 and close on Friday, July 25. The IPO comprises of a fresh issue aggregating ₹400 crore and an offer for sale of up to 2,550,000 equity shares.
Bids can be made for a minimum of 63 equity shares and in multiples of 63 shares thereafter. The company proposes to utilise 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.
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