GNG Electronics gets SEBI nod to raise funds via IPO

GNG Electronics Limited, India’s largest refurbisher of laptops and desktops and among the leading refurbishers of ICT devices globally, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).

The IPO comprises a fresh issue of equity shares aggregating up to ₹450 crore, along with an offer for sale (OFS) of up to 51 lakh equity shares with a face value of ₹2 each.