SEBI has approved 13 mainboard IPOs in the last two days, with companies such as Boat, Urban Company, and others aiming to raise a total of ₹16,000 crore.
Tata Capital’s ₹17,200 crore IPO is the largest this month, but SEBI approval is still pending. According to RBI rules, it must go public by the end of the month.
Tata Capital’s board is convening today to determine the IPO timetable. If approved, it could become the largest NBFC IPO to date, surpassing HDB Financial’s ₹12,500 crore offering in June.
SEBI has approved IPO plans for 13 companies, including Allchem, Pace Digitek, and Mouri Tech. Since approvals were granted in August, these companies are eligible to go public within the next year.
Juniper Green Energy intends to raise ₹3,000 crore through its IPO. Meanwhile, Imagine Marketing, the parent company of boAt, is also preparing for an IPO with a target valuation of ₹13,000 crore, although the specific size of the issue remains undisclosed.
Urban Company, supported by Tiger Global, aims to raise ₹1,900 crore via its IPO, comprising ₹429 crore from a new issue and ₹1,471 crore from existing investors. Meanwhile, Allchem Lifescience has filed for an IPO, including ₹190 crore in fresh shares, with promoters also planning to sell some of their holdings.
Jain Resource Recycling is preparing to raise ₹2,000 crore through its initial public offering (IPO), consisting of ₹500 crore from new shares and ₹1,500 crore from existing owners. The draft prospectus was submitted in March.
Bengaluru-based Pace Digitek intends to raise ₹900 crore by issuing new shares. Pharma firm Corona Remedies seeks to generate ₹1,500-2,000 crore via its IPO. Mouri Tech aims to raise ₹250 crore from new shares, plus ₹1,250 crore from existing shareholders selling their stakes.
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Construction company Ravi Infrabuild Projects plans to raise ₹1,100 crore through new share issuance. All these companies submitted their IPO documents between December and May.
