Overview
- SEBI issued observation letters in the week ending Aug. 29 to 13 firms including boAt parent Imagine Marketing, Urban Company and Juniper Green Energy, with about 53 other applications still under review.
- Urban Company filed its RHP, lifted the fresh issue size to Rs 472 crore and cut the OFS to Rs 1,428 crore, set a Rs 98–103 price band, and will open subscriptions Sept. 10–12 with anchor bidding on Sept. 9.
- The company’s RHP shows it returned to profit in FY25, while Q1 FY26 net profit fell to Rs 6.9 crore as operating revenue rose to Rs 367.2 crore.
- SEBI approved Imagine Marketing’s confidential DRHP for boAt, and media reports indicate plans for roughly a Rs 2,000 crore raise at a valuation near Rs 13,000 crore.
- Juniper Green Energy is targeting a Rs 3,000 crore fresh issue, reflecting the breadth of sectors moving to tap public markets.