The approvals, known as “observations” in Securities and Exchange Board of India (SEBI) parlance, allow the companies to launch their share sales within a year. SEBI issued the clearances between Aug 1 and Aug 29, according to the regulator’s website.
Urban Company, which filed draft papers in April, plans to raise about ₹1,900 crore, comprising a fresh issue of ₹429 crore and an offer for sale (OFS) of ₹1,471 crore by investors including Accel India, Elevation Capital, Bessemer India, Internet Fund V and VYC11 Ltd. SEBI issued its observation on Aug 29.
Imagine Marketing, which confidentially filed draft papers in April, received SEBI’s nod on Aug 1. Media reports have pegged the boAt parent’s targeted valuation at around ₹13,000 crore.
Other companies receiving approval include renewable energy producer Juniper Green Energy, speciality chemicals maker Allchem Lifescience, pharma company Corona Remedies, 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 KSH International, a magnet winding wire manufacturer.
Juniper Green is looking to raise up to ₹3,000 crore, while Corona Remedies is planning an issue worth ₹1,500–2,000 crore, according to their filings. Others, including Allchem and Omnitech, have proposed a mix of fresh equity and OFS.
India’s primary market has remained buoyant in 2025, with 50 companies listed so far this year and over a dozen making their debut in August alone.
Also Read: boAt IPO: SEBI clears confidential DRHP of parent Imagine Marketing
