GNG Electronics Ltd - IPO

GNG Electronics Ltd IPO Details

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.

Objective of issue

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.

GNG Electronics Ltd Contact Details

GNG Electronics Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@electronicsbazaar.com

Website - www.electronicsbazaar.com