The Securities and Exchange Board of India (Sebi) has cleared 13 mainboard IPOs in just two days, paving the way for companies across diverse industries to raise nearly ₹16,000 crore from the primary market. The approvals include big names such as boAt (Imagine Marketing), Urban Company, Corona Remedies, and Juniper Green Energy.
Tata Capital IPO: The Biggest Awaited Issue
While several IPOs received clearance, the spotlight remains on Tata Capital’s ₹17,200-crore IPO, which is still awaiting Sebi’s nod. Under an RBI mandate, upper-layer NBFCs must go public by September-end. If launched, Tata Capital’s issue will be the largest NBFC IPO in India, surpassing HDB Financial’s ₹12,500 crore IPO completed in June.
Key Companies in the IPO Pipeline
- Imagine Marketing (boAt): Known for headphones and smartwatches, seeking a valuation near ₹13,000 crore.
- Urban Company: Backed by Tiger Global, aiming to raise ₹1,900 crore, including an offer-for-sale of ₹1,471 crore.
- Juniper Green Energy: Renewable energy firm eyeing ₹3,000 crore via initial share sale.
- Corona Remedies: Pharma maker looking at ₹1,500–2,000 crore issue.
- Jain Resource Recycling: Recycling specialist planning a ₹2,000 crore IPO.
Other approvals include Allchem Lifescience, Pace Digitek, Mouri Tech, Ravi Infrabuild Projects, KSH International, Omnitech Engineering, Om Freight Forwarders, and Priority Jewels, with issue sizes ranging from ₹250 crore to ₹1,900 crore.
What This Means for the Market
The burst of IPO approvals signals a buoyant primary market, driven by strong investor appetite and supportive regulations. Analysts believe the mix of consumer brands, renewable energy players, IT firms, and healthcare companies reflects India’s broad-based economic growth story. However, all eyes remain on Tata Capital’s timeline, which could mark a watershed moment for NBFC listings.
