Overview

• SEBI issued observation letters during the week ending August 29, providing regulatory clearance to proceed though not a guarantee that any IPO will be launched or priced.
• Imagine Marketing, the parent of boAt, secured approval for its confidential DRHP filed in April in a renewed listing bid, with media reports citing a potential Rs 2,000 crore raise and a valuation near Rs 13,000 crore.
• Urban Company’s draft plan outlines a Rs 1,900 crore offering comprising a Rs 429 crore fresh issue and a Rs 1,471 crore offer for sale by existing investors.
• Renewables player Juniper Green Energy is targeting a roughly Rs 3,000 crore pure fresh issue to fund expansion across solar, wind and hybrid projects.
• Merchant bankers estimate the cleared cohort could raise more than Rs 15,000 crore, while SEBI filings show at least 53 other IPO applications remain under review.