GNG Electronics IPO
GNG Electronics IPO
GNG Electronics Limited, incorporated in 2006, is a leading global and India-based refurbisher of Information and Communication Technology (ICT) devices, primarily laptops and desktops, operating under the brand 'Electronics Bazaar'. The company follows a 'repair-over-replacement' circular economy model, offering comprehensive refurbished ICT products including laptops, desktops, tablets, servers, smartphones, and mobile accessories.
Investment Timeline
🤖 Smart Analysis
*AI score is algorithmic and for educational purposes only.
🎯 Application Strategy
Action: ✅ APPLY - Strong opportunity with good risk-reward
Lots: Apply 2-3 lots or maximum affordable
⏳ Timing Advice
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Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and the Material Subsidiary namely, Electronics Bazaar FZC.
- General Corporate Purposes.
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