The IPO pipeline in India is buzzing again. The Securities and Exchange Board of India (SEBI) has given the green light to 13 companies across diverse sectors — spanning healthcare, logistics, technology, and consumer brands. From Urban Company to boAt, these market-bound names reflect the growing appetite of Indian businesses to raise capital and investors’ keenness for fresh opportunities.
boAt IPO Approval
Imagine Marketing, better known by its consumer brand boAt, filed its DRHP under the pre-filing route on 9 April 2025 and received SEBI’s observation letter on 1 August 2025. ICICI Securities is managing the IPO process.
boAt is a leading consumer electronics and lifestyle brand, especially in the audio devices and wearables category. The Imagine Marketing IPO will be a Pre-filing structured issue, with details on the fresh Issue vs OFS components to be finalised. Industry expectations suggest a large IPO, possibly exceeding INR 2,000 crore, considering boAt’s market leadership and valuation benchmarks.
Urban Company IPO Approval
Urban Company, India’s leading home services marketplace, received SEBI approval for IPO on 29 August 2025. The company filed its DRHP on 30 April 2025, with Kotak Mahindra Capital Company as the lead manager. Urban Company IPO will be a mix of a fresh issue of INR 429 crore and an OFS of INR 1,471 crore.
Urban Company, known for services such as beauty, cleaning, plumbing, and appliance repair, is a prominent consumer internet brand. The proceeds from the IPO are expected to be used to expand its footprint in Tier-2 and Tier-3 cities, enhance partner training programs, and strengthen technology platforms.
Allchem Lifescience IPO Approval
Allchem Lifescience, a player in the pharmaceutical and speciality chemicals space, received SEBI’s approval for its IPO on 21 August 2025. The company had filed its Draft Red Herring Prospectus (DRHP) on 18 March 2025 with Emkay Global Financial Services as the lead manager. The issue structure is a Fresh Issue (~INR 190 Cr) + Offer for Sale (71,55,000 shares), reflecting the dual purpose of raising fresh capital and providing an exit route for early investors.
Allchem is expected to deploy fresh proceeds toward expanding its manufacturing facilities and strengthening its R&D capabilities, given the increasing demand for specialised intermediates and formulations.
Pace Digitek IPO Approval
Pace Digitek, a digital and IT-enabled solutions provider, has received SEBI approval for its IPO on 29 August 2025. The DRHP was submitted earlier on 3 April 2025, with Unistone Capital acting as the lead manager. Pace Digitec IPO will be a totally fresh issue of INR 900 crore.
The company specialises in providing IT infrastructure management, system integration, and digital solutions to enterprises. The funds raised will likely be directed toward scaling operations, upgrading technology infrastructure, and pursuing strategic acquisitions to strengthen its digital transformation offerings.
Jain Resource Recycling IPO Approval
Jain Resource Recycling, a company specialising in waste management and recycling solutions, received SEBI approval on 25 August 2025. Its DRHP had been filed on 4 April 2025, with DAM Capital Advisors serving as the book-running lead manager. The IPO structure includes both Fresh Issue (INR 500 crore) and OFS (INR 1,500 crore).
The company operates in the critical segment of recycling and resource recovery, addressing India’s growing concerns over sustainability and circular economy practices. Proceeds from the fresh issue are likely to be allocated toward capacity expansion, modernising recycling plants, and reducing debt.
Om Freight Forwarders IPO Approval
Om Freight Forwarders, a logistics and freight solutions provider, received SEBI’s nod for its IPO on 26 August 2025, following its DRHP submission on 15 April 2025. Smart Horizon Capital Advisors is the coordinating lead manager. The proposed issue structure is fresh Issue (INR 25 crore)+ OFS (72,50,000 equity shares).
The company operates across air, sea, and road logistics, with a strong presence in both domestic and international freight forwarding. Funds raised from the IPO are expected to be used for fleet expansion, warehousing capabilities, and technological upgrades for supply chain optimisation.
Corona Remedies IPO Approval
Corona Remedies, a pharmaceutical company, has been cleared by SEBI for its IPO on 29 August 2025. The company had filed its DRHP on 5 May 2025, with JM Financial as the lead manager. The proposed IPO is structured as an Offer for Sale of INR 800 crore.
Since this IPO is purely an OFS, no fresh funds will flow into the company; instead, existing shareholders will dilute their stakes. Corona Remedies has a strong presence in key therapeutic areas such as cardiology, gastroenterology, and diabetes management.
Priority Jewels IPO Approval
Priority Jewels, a jewellery manufacturer and retailer, received SEBI approval for its IPO on 22 August 2025, after submitting its DRHP on 6 May 2025. The lead manager for the issue is Mefcom Capital Markets. The issue will be a fresh issue of 54,000 equity shares.
The company is expected to deploy IPO proceeds toward expanding retail outlets, investing in brand marketing, and strengthening working capital. With India being the world’s second-largest jewellery market, Priority Jewels is looking to leverage consumer demand and scale its operations further.
Mouri Tech IPO Approval
Mouri Tech, an IT services and consulting firm, filed its DRHP on 13 May 2025 and secured SEBI approval on 29 August 2025. The issue will be a fresh issue (INR 250 Cr) + OFS (INR 1,250 Cr), with Nuvama Wealth Management as the lead manager.
The company offers enterprise IT solutions, consulting, and digital transformation services across sectors such as banking, retail, and manufacturing. IPO proceeds are likely to be utilised for scaling delivery centres, global expansion, and investing in next-generation digital platforms.
Ravi Infrabuild Projects IPO Approval
Ravi Infrabuild Projects, an infrastructure development company, received SEBI’s green signal on 21 August 2025, following its DRHP submission on 14 May 2025. Motilal Oswal Investment Advisors is the lead manager. The IPO is a fresh issue worth INR 1,100 crore.
The company focuses on roads, bridges, and urban infrastructure projects, with a strong execution track record in state and central government contracts. IPO proceeds will likely be directed toward funding working capital requirements and bidding for new projects.
KSH International IPO Approval
KSH International, a diversified engineering and manufacturing firm, filed its DRHP on 28 May 2025 and received SEBI approval on 1 August 2025. Nuvama Wealth Management is the lead manager. The issue structure is a fresh issue (INR 420 Cr)+ OFS (INR 325 Cr).
KSH International has a strong presence in electrical equipment and industrial engineering solutions. Proceeds from the IPO are expected to go toward capacity expansion, debt repayment, and working capital requirements.
Omnitech Engineering IPO Approval
Omnitech Engineering, an engineering services and solutions provider, filed its DRHP on 30 June 2025 and secured SEBI approval on 29 August 2025. The lead manager is Equirus Capital Private Limited. The IPO will be a fresh issue (INR 520 Cr)+ OFS (INR 330 Cr).
Omnitech offers design, fabrication, and specialised engineering services across multiple sectors, including automotive, aerospace, and heavy industries. The IPO proceeds are expected to support technology upgrades, expansion of fabrication units, and international client acquisitions.
Juniper Green IPO Approval
Juniper Green Energy, a renewable energy developer, filed its DRHP on 30 June 2025 and received SEBI approval on 28 August 2025. ICICI Securities is the lead manager. The IPO will be a fresh issue of INR 3,000 crore.
Juniper Green operates across solar and wind energy projects with a rapidly expanding portfolio. Funds raised from the IPO are expected to finance project expansion, reduce debt, and pursue acquisitions in the renewable energy space.
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