Mumbai, July 25 -- The initial public offer of GNG Electronics received bids for 2,08,43,32,446 shares as against 1,41,88,644 shares on offer, according to stock exchange data at 17:30 IST on Friday (25 July 2025). The issue was subscribed 146.90 times.

The issue opened for bidding on 23 July 2025 and it will close on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. An investor can bid for a minimum of 63 equity shares and in multiples thereof.

The IPO consists of a fresh issue of Rs 400 crore and 2550000 equity shares through offer for sale. Out of the proceeds from the fresh issue, Rs 320 crore will be used for repayment/prepayment/redemption, in full or in part, of certain borrowings availed of by th...