SEBI’s nod for IPOs of boAt Parent, Urban Company, and 11 Others- India’s primary market continues its strong momentum in 2025, with the markets regulator giving the green light to a new batch of public offerings.
The Securities and Exchange Board of India (SEBI) has cleared the initial public offerings (IPOs) of 13 companies. These approvals, known as “observations” in SEBI parlance, allow the companies to launch their share sales within a year, according to regulatory filings. The clearances were issued between August 1 and August 29.
Major Approvals: Tech and Consumer Brands
The list includes two of the most anticipated issues from major consumer-facing brands:
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Imagine Marketing (boAt): The parent company of the popular wearables brand boAt, backed by Warburg Pincus, received SEBI’s nod on August 1. The company had confidentially filed its draft papers in April. Media reports have pegged its targeted valuation at around ₹13,000 crore.
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Urban Company: The Tiger Global-backed platform for home services, which filed draft papers in April, plans to raise about ₹1,900 crore. This comprises a fresh issue of ₹429 crore and an offer for sale (OFS) of ₹1,471 crore by investors including Accel India and Elevation Capital. SEBI issued its observation on August 29.
Diverse List of Other Approvals
The regulator also cleared offerings from a diverse range of sectors, highlighting broad market appetite:
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Juniper Green Energy: A renewable energy producer looking to raise up to ₹3,000 crore.
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Corona Remedies: A pharma company planning an issue worth ₹1,500–2,000 crore.
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Other Companies: The list includes speciality chemicals maker Allchem Lifescience, IT services provider Mouri Tech, jewellery maker Priority Jewels, logistics firm Om Freight Forwarders, infrastructure builder Ravi Infrabuild Projects, power solutions provider Pace Digitek, recycling company Jain Resource, engineering firm Omnitech Engineering, and magnet winding wire manufacturer KSH International. Many of these have proposed a mix of fresh equity and OFS.
Buoyant Primary Market
This wave of approvals reinforces the strength of India’s primary market in 2025. So far this year, 50 companies have already been listed, with over a dozen making their debut in August alone. Learn More @ https://www.sebi.gov.in/index.html