GNG Electronics, refurbisher of laptops and desktops, on Tuesday raised ₹138 crore from anchor investors, ahead of the opening of its IPO for public subscription.
Goldman Sachs Fund, Motilal Oswal Mutual Fund, Buoyant Opportunities Strategy, Edelweiss Mutual Fund, and Mirae Asset Mutual Fund have been allotted shares in the anchor round, according to a circular uploaded on BSE's website.
As per the circular, GNG Electronics has allotted 58,28,290 equity shares to 14 funds at ₹237 apiece. This takes the total transaction size to ₹138.13 crore.
The ₹460-crore initial public offering (IPO) will open for subscription on July 23 and conclude on July 25. The price band has been set at ₹225 to 237 per share.
