IPOs worth Rs 16,000 crore: boAt, Urban Company, Juniper Green among 13 companies to get SEBI nod

Upcoming IPOs in 2025

The capital markets regulator SEBI has given green signal to total 13 IPOs, collectively worth over Rs 16,000 crore, including Urban Company, boAt, Corona Remedies, Pace Digitek, Jain Resource, and Juniper Green. Draft papers of others like Allchem Lifescience, Om Freight Forwarders, Priority Jewels, Mouri Tech, Ravi Infrabuild Projects, KSH International, and Omnitech Engineering also got cleared by the regulator.

SEBI has given approval for Warburg Pincus-backed Imagine Marketing, the parent company of electronics brand boAt (known for its headphones and smart watches), which has confidentially filed draft papers for an IPO in April. MThe media reports indicated that the firm is planning to raise funds at a valuation of Rs 13,000 crore.

The SEBI has issued observation letters on the draft documents of all these 13 companies in August, which means they can launch their IPOs within the next one year from the date of issuance of observation letters.

Tiger Global-backed Urban Company, which provides mobile app-based beauty and home care services, has filed draft papers in April this year. It is planning to mop up Rs 1,900 crore via IPO which comprises of fresh issue of Rs 429 crore, and an offer-for-sale of Rs 1,471 crore by existing investors.

Gurugram-based renewable power producer Juniper Green Energy, which had filed preliminary papers with the SEBI in June this year, targets to raise funds up to Rs 3,000 crore via initial share sale for repayment of borrowings up to Rs 2,250 crore.

API intermediates and speciality chemicals maker Allchem Lifescience had filed IPO papers in March this year. Its IPO will be a combination of fresh issuance of shares worth Rs 190 crore, and an offer-for-sale of 71.55 lakh shares by promoters.

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Bengaluru-based Pace Digitek, a power management, optic fiber laying, and energy management solutions provider, has filed preliminary papers with the capital markets regulator in March this year, to raise Rs 900 crore via initial share sale, which comprises of solely fresh issue component.

Jain Resource Recycling, the specialising in recycling non-ferrous metal scrap and producing a wide range of products, is targetting to mobilise Rs 2,000 crore via maiden public issue which consists of fresh issuance of shares worth Rs 500 crore and an offer-for-sale shares worth Rs 1,500 crore by existing shareholders. It has also filed its IPO papers in March.

ChrysCapital-backed pharmaceutical firm Corona Remedies, which had filed draft red herring prospectus with the SEBI in December last year, intends to raise Rs 1,500-2,000 crore via initial public offering.

Pune-based KSH International, the third largest manufacturer of magnet winding wires in India, filed preliminary papers in May this year to raise funds for debt reduction and capex. Its IPO will be a combination of fresh issuance of equity shares worth Rs 420 crore, and an offer-for-sale of Rs 325 crore worth shares by promoters, the Hegde family.

Precision component maker Omnitech Engineering is targetting to mobilise Rs 850 crore via initial public offering which comprises of fresh issuance of equity shares worth Rs 520 crore, and an offer-for-sale of Rs 330 crore worth shares by promoter Udaykumar Arunkumar Parekh. It has filed IPO papers with the regulator in June 2025.

Third-Party logistics provider Om Freight Forwarders, which has submitted draft papers with SEBI in March 2025, is looking to raise Rs 25 crore via fresh issue, and the remainder funds via an offer for sale of up to 72.50 lakh equity shares.

Mumbai-based diamond-studded gold and platinum fine jewellery maker Priority Jewels, which has filed preliminary papers with Sebi on April 30, intends to raise funds via a maiden public issue which will consist of solely fresh issue of 54 lakh shares for paring debt burden.

Mouri Tech, the IT solutions and services firm, has proposed to raise Rs 250 crore through selling new shares, while promoters and a selling shareholder are planning to sell shares worth Rs 1,250 crore. It has filed IPO papers with the regulator in May this year.

Ravi Infrabuild Projects the infrastructure construction company, has also filed a draft red herring prospectus (DRHP) in May, seeking to raise Rs 1,100 crore through IPO, which entirely comprising a fresh issue of shares.