SEBI consents to IPOs of 13 firms
SEBI consents to IPOs of 13 firms
The primary issuance activity will accelerate through 2025
Adding momentum to the companies preparing to list in the second half of 2025, the Securities and Exchange Board of India (SEBI) has approved 13 initial public offerings (IPOs).
The clearances include Tiger Global-backed Urban Company and consumer electronics brand Imagine Marketing, the parent of Boat. The IPO sizes round up to Rs.14,000 crore, excluding undisclosed IPO sizes of Boat and Priority Jewels.
Other companies that secured SEBI’s green signal include Allchem Lifescience, Pace Digitek, Jain Resource Recycling, Om Freight Forwarders, Corona Remedies, Mouri Tech, Ravi Infrabuild Projects, KSH International, Omnitech Engineering, and Juniper Green Energy.
While paving the way for one of the largest listings in India’s consumer internet sector in 2025, Urban Company received approval for a Rs.1,900 crore issue. The offer comprises a fresh issue of equity shares worth Rs.429 crore and an offer-for-sale (OFS) of Rs.1,471 crore by existing shareholders, including Accel, Bessemer, Elevation, Internet Fund V, and VYC11.
Gurugram-based Urban Company was founded in 2014 by Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan. Providing at-home services across beauty, cleaning, and repairs, it plans to deploy the fresh proceeds towards organic growth, technology investments, and general corporate purposes.
Meanwhile, Boat had earlier deferred its listing plans. It has revived the process through the regulator’s confidential pre-filing route.
Similarly, Imagine Marketing’s IPO is expected to be closely tracked given the brand’s scale in wearables and lifestyle electronics.
The approvals underline renewed investor appetite across sectors, from technology-enabled services and consumer electronics to pharmaceuticals, engineering, and infrastructure.
