The action across the primary market just got more hectic after the Securities and Exchange Board of India (SEBI) approved 13 IPOs. Of this long list, the five major companies that are set to raise funds include- boAt parent company- Imagine Marketing, Urban Company, Juniper Green, Jain Resource Recycling, and Mouri Tech. These firms will raise more than Rs 21,000 crore from the primary markets.
boAt IPO
Imagine Marketing will be launching its initial public offering (IPO) as India’s markets regulator, SEBI, gave the nod. Imagine Marketing is the parent firm of the wearable electronics brand boAt. In April 2025, boAt confidentially filed draft papers with SEBI. The Warburg Pincus-backed company is aiming for a valuation of Rs 13,000 crore, according to news reports. This is the second attempt by the company to go public. Earlier, boAt had filed draft papers in January 2022 to raise Rs 2,000 crore from the primary markets through IPO. This included a fresh issue of equity shares valued at Rs 900 crore and a sale offer (OFS) totalling up to Rs 1,100 crore.
Urban Company IPO
The technology-driven online marketplace Urban Company, which offers home and beauty services, will be launching its IPO to raise Rs 1,900 crore on September 10. The issue is a combination of fresh issue of 4.58 crore shares aggregating to Rs 472 crore and an offer for sale of 13.86 crore shares totalling to Rs 1,428 crore. The IPO will close on September 12. The allotment for the IPO is expected to be finalised on September 15. Urban Company IPO will list on BSE and NSE with a tentative listing date fixed as September 17. The price band has been set between Rs 98 -103 per equity share. Kotak Mahindra Capital Co. Ltd. is the book-running lead manager, and MUFG Intime India is the registrar for the issue.
Juniper Green IPO
The Gurugram-based Juniper Green Energy, which is a renewable power producer, has received approval from SEBI to go public. The company filed its draft red herring prospectus (DRHP) with the markets regulator in July 2025. The company is planning to raise up to Rs 3,000 crore through a fresh issue of shares. The main aim of going public is to cut down borrowings of Rs 2,250 crore from the proceeds. Juniper Green, which is backed by Juniper Renewable Holdings, is involved in the business of solar, wind, wind-solar hybrid, and firm and dispatchable renewable energy projects.
Jain Resource Recycling IPO
Jain Resource Recycling also received the green signal from SEBI for its proposed IPO. The company will mop up Rs 2,000 crore from the primary markets. The issue comprises a fresh issue of equity shares of up to Rs 500 crore and an OFS of up to Rs 1,500 crore. Jain Resource Recycling is primarily focused on the manufacturing of non-ferrous metal products through the recycling of non-ferrous metal scrap. The company’s product portfolio comprises lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys. DAM Capital Advisors, ICICI Securities, Motilal Oswal Investment Advisors, and PL Capital Markets are the book-running lead managers to the issue.
Mouri Tech IPO
Along with 12 other companies, Mouri Tech also received approval to float its IPO. The company plans to raise Rs 1,500 crore from the primary markets. This was the second time the company filed draft papers with the markets’ watchdog. Earlier, in 2024, the company had filed its DRHP. The IPO is a combination of a fresh issue of up to Rs 250 crore and an offer for sale (OFS) up to Rs 1,250 crore. Mouri Tech aims to utilise the proceeds for investment in one of its material subsidiaries, MT USA. Also, the company will use the funds to repay certain outstanding borrowings.