Saraf and Partners | View firm profile
GNG Electronics Limited (“GNG”) has made an initial public offering of equity shares aggregating to ₹460.435 crore. Saraf and Partners advised the book running lead managers Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited and JM Financial Limited on this IPO.
GNG operates under the brand “Electronics Bazaar” and is India’s largest refurbisher of laptops and desktops and among the largest refurbishers of information and communication technology devices overall, both globally and in India, with significant presence across India, USA, Europe, Africa and UAE, with presence across the full refurbishment value chain i.e., from sourcing to refurbishment to sales, to after – sale services and providing warranty.
The transaction team was led by Mathew Thomas (Partner).
Crawford Bayley & Co served as the counsel of the Selling Shareholders on this IPO.
For more information, please contact:
Sanya Sud
Corporate Communications Executive
Saraf and Partners