New Delhi, Sept. 2 -- Home services marketplace Urban Company and wearables brand boAt have received approval from the Securities and Exchange Board of India (Sebi) for their stock market debut.

The regulator's clearance comes at a time when IPO activity is gaining momentum, with Sebi indicating a record number of approvals in the coming months.

Urban Company, which filed its draft red herring prospectus (DRHP) in April, plans to raise about Rs.1,900 crore through its initial public offering (IPO). The issue will comprise a fresh issue of Rs.429 crore and an offer-for-sale (OFS) of Rs.1,471 crore by existing shareholders.

The listing will also facilitate partial exits for early backers such as Accel, Tiger Global, Elevation Capital, an...