Sebi Approves 13 IPOs Including Urban Company and Boat: A Boost for Market Listings | India Business News

BENGALURU: Market regulator Sebi cleared 13 IPOs, adding momentum to the pipeline of companies set to list in the second half of the year. The approvals include Tiger Global-backed Urban Company and consumer electronics player Imagine Marketing, the parent of Boat.According to TOI’s calculations, the combined IPO sizes add up to about Rs 14,000 crore, excluding undisclosed issue sizes of Boat and Priority Jewels.Urban Company received Sebi’s nod for a Rs 1,900-crore issue, paving the way for one of the largest consumer internet listings this year. The offer comprises a fresh issue worth Rs 429 crore and an offer-for-sale (OFS) of Rs 1,471 crore by existing investors, including Accel, Bessemer, Elevation, Internet Fund V, and VYC11. Founded in 2014 by Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan, the Gurugram-based firm provides at-home services across beauty, cleaning, and repairs. Proceeds from the fresh issue will go towards organic growth, technology investments, and general corporate purposes.Boat, which earlier deferred its IPO, revived the process this year through Sebi’s confidential pre-filing route. Parent Imagine Marketing filed on April 9 and received clearance on August 1. Its IPO is expected to draw close investor attention given the brand’s scale in wearables and lifestyle electronics.Other companies that received Sebi’s observation letters include Allchem Lifescience, Pace Digitek, Jain Resource Recycling, Om Freight Forwarders, Corona Remedies, Priority Jewels, Mouri Tech, Ravi Infrabuild Projects, KSH International, Omnitech Engineering, and Juniper Green Energy. These issues span fresh offerings, OFS, and combined structures.