India’s primary market is gearing up for one of its most active phases in recent years as the Securities and Exchange Board of India (SEBI) has granted approval to fifteen companies, including boAt and Urban Company, to launch their initial public offerings. Collectively, these IPOs are expected to raise more than Rs 15,000 crore, adding significant momentum to the country’s capital market.
boAt’s parent firm Imagine Marketing is among the most anticipated listings. The company, best known for its popular range of affordable smartwatches, earphones, and audio devices, is planning to raise Rs 2,000 crore through its public issue. Having filed draft papers with SEBI earlier this year through the confidential pre-filing route, boAt is expected to use the funds primarily for expansion and to strengthen its financial position. This IPO is being closely watched by both retail and institutional investors, given the brand’s dominance in the Indian consumer electronics space.
Urban Company, the leading home services platform in India, has also received SEBI’s nod. It is planning to raise Rs 1,900 crore through a mix of fresh issue and an offer for sale from its existing investors. The company has rapidly grown into a household name, offering everything from salon and spa services to home repairs. For investors, Urban Company’s IPO represents an opportunity to participate in the growth of India’s online services economy, a sector that has expanded sharply with rising urbanization and digital adoption.
Other companies that have received approval cover a wide range of industries including renewable energy, construction, engineering, pharmaceuticals, and logistics. Juniper Green Energy plans to raise Rs 3,000 crore entirely through a fresh issue of shares. Jain Resource Recycling has lined up an issue worth Rs 2,000 crore, while Mouri Tech is eyeing Rs 1,500 crore. Construction firm Ravi Infrabuild Projects has proposed an IPO worth Rs 1,100 crore, while technology-driven company Pace Digitek has a Rs 900 crore issue in the pipeline.
Omnitech Engineering, a manufacturer of precision components, has received clearance for an IPO worth Rs 850 crore. Pharmaceutical player Corona Remedies is floating an issue of Rs 800 crore which will be fully an offer for sale. Wire manufacturer KSH International has filed for a Rs 745 crore issue, and Allchem Lifescience, a chemical and API intermediates maker, is set to raise funds through a fresh issue alongside a secondary offering.
Other companies in the approved list include Priority Jewels and Om Freight Forwarders, both targeting fresh fundraising to strengthen their operations. Together, these companies highlight the diversity of sectors that are tapping into the equity market to support growth, repay debt, or provide exits for existing shareholders.
This wave of approvals comes at a time when investor sentiment towards IPOs in India is particularly strong. With more than 50 companies already listed in 2025 and over a dozen public issues in August alone, the market is clearly demonstrating robust appetite for new offerings. Analysts note that the successful listings of these firms could encourage even more companies to step forward with their IPO plans in the coming months.
For retail investors, this surge of IPOs offers a chance to diversify portfolios across different industries. However, experts caution that while the excitement is high, careful research and evaluation of each company’s financial health, growth strategy, and sector outlook remain critical before making investment decisions.
The upcoming listings of boAt and Urban Company, in particular, will likely attract heavy interest due to their brand visibility and consumer-focused models. As these firms transition into public companies, they will face greater scrutiny but also gain access to wider pools of capital that can accelerate their growth journeys.
India’s IPO landscape is clearly entering an exciting phase, with SEBI’s green light signaling stronger market participation ahead. Investors and analysts alike will be watching closely to see how these high-profile companies perform once their shares hit Dalal Street.
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