SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GNG Electronics gets SEBI's go ahead to float IPO

24 Jun 2025 Evaluate

GNG Electronics has received Securities and Exchange Board of India’s (SEBI's) go ahead to raise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs 825 core and an offer for sale (OFS) of up to 97 lakh equity shares by promoters.

Proceeds of the fresh issue to the tune of Rs 320 crore will be utilised for the debt payment, Rs 260 crore for funding the working capital requirements of the company and the remaining amount for general corporate purposes. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book-running lead managers to the issue.

GNG Electronics, operating under the brand 'Electronics Bazaar', is into refurbishing laptops and desktops, including the full refurbishment value chain from sourcing to refurbishment to sales, to after-sale services and providing warranty. 


GNG Electronics Share Price

416.65 -6.75 (-1.59%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 228.00
Adani Enterprises 2205.00
Amrapali Industries 17.35
Rashi Peripheral 456.80
PDS 300.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×