The amount raised at the upper end of the price band at Rs237 per equity share
FinTech BizNews Service
Mumbai, July 22, 2025: GNG Electronics Limited, has allotted 58,28,290 Equity Shares to 14 anchor investors and raised Rs 138.13 Crores ahead of company’s proposed IPO at the upper end of the price band at Rs237 per equity share (including premium of Rs 235 per equity shares) with face value of Rs 2 per equity share..
Out of the total allocation of 58,28,290 Equity Shares to the Anchor Investors, 22,96,104 Equity Shares (i.e. 39.40% of the total allocation to Anchor Investors) were allocated to 3 domestic mutual funds through a total of 4 schemes.
Investors include Goldman Sachs, Mirae Asset MF, Motilal Oswal MF, Edelweiss MF, Buoyant Opportunities Strategy, and marquee investors like Ashish Kacholia’s Bengal Finance, Madhusudan Kela’s Founder Collective Fund and Mint Focused Growth Fund to name a few.
Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited and JM Financial Limited are the bankers for the issue.
