India, Sept. 2 -- Imagine Marketing, the parent of wearables and audio brand boAt, has received markets regulator SEBI's approval for its IPO. This comes over four months after the company pre-filed its DRHP via the confidential route.

Besides, consumer services unicorn Urban Company has got the greenlight from SEBI for its INR 1,900 Cr IPO.

As per the latest update on SEBI's website, the regulator issued observation letters to boAt on August 1 and Urban Company on August 29.

In SEBI's parlance, issuance of an observation letter refers to go ahead for the IPO.

Urban Company plans to raise up to INR 429 Cr via a fresh issue of shares. Besides, its public issue will comprise an OFS of up to INR 1,471 Cr.

(The story will be updated soon...