The Securities and Exchange Board of India (Sebi) has issued observation letters for 13 companies during August, paving the way for their initial public offerings (IPOs). The list includes Allchem Lifescience, Pace Digitek, Jain Resource Recycling, Om Freight Forwarders, Urban Company, Corona Remedies, Priority Jewels, Mouri Tech, Ravi Infrabuild Projects, KSH International, Omnitech Engineering, Juniper Green Energy, and Imagine Marketing (parent of boAt).

These approvals, spread across sectors ranging from healthcare and technology to logistics, consumer brands, and renewables, were disclosed in the Sebi document.

The market regulator cleared KSH International and Imagine Marketing (boAt) on August 1, followed by Ravi Infrabuild Projects on August 21, Allchem Lifescience and Priority Jewels on August 22, Jain Resource Recycling on August 25, and Om Freight Forwarders on August 26. Juniper Green Energy was approved on August 28, while Pace Digitek, Urban Company, Corona Remedies, Mouri Tech, and Omnitech Engineering all received nods on August 29.

Most companies filed their draft papers between March and June this year, with Imagine Marketing, the parent of boAt, being the only one to use the confidential pre-filing route on April 9.

boAt, co-founded by Aman Gupta and CEO Sameer Mehta, is looking to raise around ₹2,000 crore via the IPO route, eyeing a valuation of over $1.5 billion. Founded in 2013 and having launched its flagship brand “boAt” in 2014, the Delhi-based company is making a second attempt to go public. The company had first filed for a ₹2,000 crore IPO in 2022, which it later withdrew, citing tough market conditions.

The IPO of Allchem Lifescience, an Indian manufacturer of active pharmaceutical ingredients (API) intermediates and speciality chemicals, comprises a fresh issue of equity shares worth ₹190 crore and an offer for sale of up to 7,155,000 equity shares of face value ₹10 each.

Among others, Corona Remedies, a fast-growing pharmaceutical company based in Ahmedabad, aims to garner around ₹800 crore via the IPO route, which is an offer for sale (OFS) by promoters and existing investors. Meanwhile, Juniper Green Energy looks to raise ₹3,000 crore through a fresh issue of shares, while Urban Company plans to garner ₹1,900 crore, a mix of fresh equity and OFS.

So far in 2025, 49 mainboard IPOs have raised ₹71,947 crore till August 30, and several more are lined up for the coming months, indicating continued momentum in the primary market.

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