The Securities and Exchange Board of India approved the initial public offerings of GNG Electronics Ltd., Amanta Healthcare Ltd., and Glottis Ltd. on Tuesday. The companies were issued 'observation letters' for their IPO proposal, which means final approval in SEBI parlance.GNG Electronics submitted its draft papers in March, while Amanta Healthcare and Glottis applied in February, according to a circular from the capital markets regulator.SEBI has kept the IPO of WeWork India Management Ltd. on hold.GNG Electronics IPOGNG Electronics filed for an IPO to raise up to Rs 450 crore via a fresh issue. The IPO will also comprise an offer-for-sale component of up to 51 lakh shares.Promoters Sharad Khandelwal and Vidhi Sharad Khandelwal will offload 35,000 shares via the OFS route. They each own 18.5% equity. Amiable Electronics Pvt., which owns 57.29% stake, will sell the rest 50.03 lakh shares.Proceeds from the fresh issue up to Rs 320 crore will be used to reduce debt, and the rest to meet general corporate purposes.Mumbai-based GNG Electronics refurbishes laptops, desktops and other ICT devices with significant presence across India, the US, Europe, Africa and the UAE. It operates under the brand 'Electronics Bazaar'.Amanta Healthcare IPOAmanta Healthcare IPO consists entirely of a fresh issue of 1.25 crore equity shares.The company plans to utilise the net proceeds to fund capital expenditure requirements for civil construction work and towards purchase of equipment, plant and machinery for setting up new manufacturing line of SteriPort at Hariyala, Gujarat.The company manufactures medical devices and sterile liquid products - parenteral products, which are used in cases where patients cannot intake drugs through the oral route or when the drugs are not suitable for oral intake.Sambhv Steel Tubes IPO: Price Band, Financials, Business, GMP — All You Need To KnowGlottis IPOGlottis plans to raise up to Rs 160 crore via a fresh issue and an offer for sale of 1.45 equity shares from two promoters.The net proceeds from the fresh issue up to Rs 130 crore will be used for capex to purchase commercial vehicles and containers. The remaining funds will be used for general corporate purposes.Glottis is a logistics solutions company that offers comprehensive transportation services through ocean, air, and road logistics. The company provides end-to-end logistics solutions with multimodal capabilities across various sectors, optimising the movement of goods across different regions. HDB Financial Services IPO Opens On June 25: GMP Up Nearly 50% In Two Days, Check Key Details. Read more on IPOs by NDTV Profit.