The Indian primary market is entering one of its most active phases in recent years with 13 companies receiving the go-ahead from the Securities and Exchange Board of India to launch their initial public offerings. Among this group, five major names stand out and are already creating a stir among retail and institutional investors alike. These include Imagine Marketing, the parent company of boAt, home services marketplace Urban Company, renewable power producer Juniper Green Energy, recycling major Jain Resource Recycling, and technology firm Mouri Tech. Together these companies are expected to raise more than Rs 21,000 crore, setting the stage for an exciting September on Dalal Street.
boAt, which has already made a name for itself in the Indian consumer electronics space, is preparing for its second attempt to go public. Its parent company Imagine Marketing confidentially filed its draft papers earlier this year and has now received the regulator’s approval. Reports suggest that the company is eyeing a valuation of nearly Rs 13,000 crore, reflecting the strong demand for its affordable audio and wearable products. This IPO will be closely watched as boAt has already built a loyal consumer base and continues to expand aggressively in the lifestyle electronics category.
Urban Company, India’s leading marketplace for at-home beauty, cleaning, and maintenance services, is also entering the market with its own public issue. The company aims to raise about Rs 1,900 crore through a mix of fresh shares and an offer for sale. With a tentative listing date of September 17, the Urban Company IPO is generating buzz not just for its valuation but also because of its strong position in the rapidly growing urban services market. For many investors, this could be a chance to buy into one of the most widely used digital-first consumer platforms in the country.
Juniper Green Energy, a major renewable power producer, has also received approval to go public. The Gurugram-based company plans to raise up to Rs 3,000 crore and is expected to use much of the proceeds to reduce its borrowings. With India continuing to push renewable energy growth, Juniper Green is positioning itself as a key player in solar, wind, and hybrid energy solutions. The IPO comes at a time when clean energy stocks are gaining more traction among global and domestic investors.
Jain Resource Recycling, a leader in the recycling and manufacturing of non-ferrous metals, is entering the market with a Rs 2,000 crore issue. The company deals in lead, copper, aluminium, and their alloys, all of which are crucial to industries ranging from automobiles to construction. Its focus on recycling aligns with India’s growing emphasis on sustainability and circular economy practices, which makes this IPO particularly relevant for long-term investors looking at industrial innovation.
Mouri Tech, which has already attempted to go public once before, will now make another attempt with a Rs 1,500 crore IPO. The funds will be directed towards investments in its US subsidiary and repayment of borrowings. Given the increasing global demand for technology-driven solutions, this IPO is likely to draw considerable interest from investors seeking exposure to the IT services sector.
Beyond these five headline companies, eight more firms have received approval to float their issues, making this one of the busiest IPO calendars in recent memory. Analysts believe that the success of these offerings will depend not only on company fundamentals but also on market conditions in the coming weeks.
For everyday investors, this wave of IPOs represents a chance to diversify their portfolios and participate in the growth stories of companies across consumer goods, services, energy, recycling, and technology. However, financial advisors also suggest exercising caution and conducting proper research before investing, as not all IPOs perform equally well after listing.
With India’s economy continuing its growth momentum, these IPOs could become major milestones for the companies involved while offering investors a way to be part of their expansion journeys.
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