SEBI approves 13 IPOs: From boAt to Urban Company, full list of companies receiving observation letters in August 2025

Upcoming IPOs: Market regulator Securities and Exchange Board of India (SEBI) has approved the initial public offerings (IPOs) of 13 companies, including boAt's parent Imagine Marketing and mobile app-based beauty and home care services provider Urban Company.

Other companies that secured SEBI's clearance include Juniper Green Energy, Omnitech Engineering, KSH International, Allchem Lifescience, Ravi Infrabuild Projects, Priority Jewels, Jain Resource Recycling, Corona Remedies, Mouri Tech, Om Freight Forwarders and Pace Digitek.

SEBI clears boAt, Urban Company, and 11 more companies for IPOs: Full list

These companies had filed DRHP between March and June. They secured SEBI's observation from August 1 to August 29. In SEBI's terminology, receiving its approval means a green light to launch a public issue.

The approval comes at a time when the primary market is experiencing strong interest from both issuers and investors across various sectors. So far this year, 50 companies have been listed on the bourses, with over a dozen firms making their debut in August itself.

Urban Company is looking to raise ₹1,900 crore through its proposed initial share sale. This includes raising ₹429 crore through selling new equity shares, and existing investors plan to sell stakes worth ₹1,471 crore, according to the Draft Red Herring Prospectus (DRHP).

Those selling shares via the offer for sale (OFS) route include Accel India and Elevation Capital, Internet Fund V Pte Ltd, Bessemer India Capital Holdings II Ltd, and VYC11 Ltd.

Imagine Marketing filed draft papers with SEBI in April for a public offer through a confidential pre-filing route.

The route allows the firm to withhold public disclosure of details under the draft red herring prospectus until later stages.

Renewable energy producer Juniper Green Energy is targeting ₹3,000 crore via a pure fresh issue, while Jain Resource Recycling is aiming for ₹2,000 crore through a mix of fresh issuance of ₹500 crore and OFS of ₹1,500 crore.

Mouri Tech is planning to raise ₹1,500 crore through its IPO, which includes a fresh issue of ₹250 crore and OFS of ₹1,250 crore by promoters and a selling shareholder.

Construction company Ravi Infrabuild Projects has proposed a ₹1,100 crore IPO that will be entirely a fresh issue, while Pace Digitek is also coming out with an IPO worth ₹900 crore, comprising only a fresh issue of shares.

Omnitech Engineering, a maker of precision-engineered components, has filed for an ₹850 crore IPO, which includes a fresh issue of ₹520 crore and an OFS of ₹330 crore by the promoter.

Pharmaceutical company Corona Remedies is set to float an ₹800 crore IPO that will be completely an OFS with no fresh issue component.

Wire manufacturer KSH International has lined up a ₹745 crore IPO, consisting of a fresh issue of ₹420 crore and an OFS of ₹325 crore by promoters.

Allchem Lifescience, an API intermediates and speciality chemicals maker, will raise funds through a fresh issue of ₹190 crore and an OFS of 71.55 lakh shares.

Priority Jewels has proposed a public issue of 54 lakh fresh shares without any OFS.

Meanwhile, Om Freight Forwarders, a third-party logistics provider, plans to raise funds via a ₹25 crore fresh issue along with an OFS of up to 72.5 lakh shares by promoters.

All these companies would list their shares on the BSE and NSE.