Archive · 24 Jun 2025
SEBI Approves GNG Electronics and Glottis IPOs
GNG Electronics and Glottis Ltd got the okay from SEBI to sell stocks to the public.
GNG, which fixes up laptops and desktops, wants to raise Rs 450 crore by selling new shares and some existing shares.
They'll use the money to pay back debts and for regular business.
Glottis, a logistics company, also got approved and plans to raise Rs 160 crore.
They also will be selling some existing shares to raise funds.
GNG Electronics and Glottis Ltd received SEBI approval for IPOs.
GNG Electronics plans to raise Rs 450 crore through a fresh issue of equity shares.
GNG's IPO includes an offer for sale of up to 51,00,000 equity shares.
Glottis Ltd's IPO includes a fresh issue of equity shares for Rs 160 crore.
Funds from GNG's IPO will be used for debt repayment and general corporate purposes.
- Who
- GNG Electronics and Glottis Ltd.
- What
- SEBI approval for GNG Electronics and Glottis Ltd IPOs.
- When
- Not explicitly stated, but recent.
- Where
- India, with GNG operating globally.
- Why
- To raise funds through Initial Public Offerings (IPOs).
GNG IPO Objectives
GNG IPO Details
Fund Allocation
GNG IPO Objectives
Repayment of Outstanding Borrowings
GNG IPO Details
General Corporate Purposes
- Company
- GNG Electronics, Glottis Ltd
- Business
- Electronics Refurbisher, Logistics
- GNG IPO Amount
- Rs 450 crore
- GNG Offer for Sale
- 51,00,000 equity shares
- Glottis IPO Amount
- Rs 160 crore
- GNG Promoters
- Sharad Khandelwal, Vidhi Sharad Khandelwal, Amiable Electronics Pvt Ltd
Sources
Upcoming IPO: GNG Electronics, Glottis gets SEBI nod to raise funds via IPO
GNG Electronics, Glottis & Amanta Healthcare Get Sebi Nod, Set To Launch IPOs For Fundraise
Electronics Bazaar parent firm, GNG Electronics gets SEBI approval for Rs 450 crore IPO
