GNG Electronics IPO: Price band, issue size, other key details

GNG Electronics IPO: The initial public offering (IPO) of GNG Electronics will be opened on Wednesday (July 23), aimed at raising Rs 460.43 crore for repayment of borrowings and general corporate purposes.

The issue comprises a fresh issue of equity shares of face value of Rs 2 each aggregating up to Rs 400 crores and an offer for sale of up to 2,550,000 equity shares of face value of Rs 2 each.

Prior to its opening of the share sale process, the company held a press conference on Friday, July 18 where its executives revealed the price band and other details.

GNG Electronics company has fixed the price band between Rs 225 and Rs 237 per share. Investors can bid a minimum of 63 shares in a one-lot and in multiples thereafter.

(This story will be updated shortly.)