GNG Electronics Limited, India’s largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2024, has received SEBI approval for their IPO.
The IPO comprises of a fresh issue of equity shares of face value of ₹2 each aggregating up to ₹ 450 Crores and an offer for sale of up to 51,00,000 equity shares of face value of ₹2 each. The offer for sale comprises up to 35,000 equity shares by Sharad Khandelwal, up to 35,000 equity shares by Vidhi Sharad Khandelwal and up to 50,30,000 equity shares by Amiable Electronics Private Limited.
Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and JM Financial Limited are the Book Running Lead Managers to the issue.
DRHP Link: https://www.sebi.gov.in/filings/public-issues/mar-2025/gng-electronics-limited-drhp_93033.html
SEBI processing status link: https://www.sebi.gov.in/filings/processing-status/jun-2025/processing-status-issues_59558.html