India's market regulator approves boAt's parent company for an IPO, signaling a surge in IPO activity.

India's market regulator, SEBI, has approved Imagine Marketing, the parent company of boAt, for an IPO. This follows the approval of 13 companies in a week, signaling a boom in IPO activity. boAt, known for its headphones and smartwatches, has seen significant growth and recently achieved positive EBITDA. Urban Company, an on-demand home services platform, has also received approval for a Rs 1,900 crore IPO.