India, Sept. 2 -- Thirteen companies, including Urban Company and boAt, have received approval of India's market regulator to launch their IPOs.

Therse companies-including Juniper Green Energy, Jain Resource Recycling, Mouri Tech, Pace Digitek and Priority Jewels-had filed their preliminary IPO papers between March and June and obtained observations during August.

In all, these 13 companies are expected to raise more than Rs.15,000 crore, according to merchant bankers. The fundraisings are aimed at expansion, debt repayment and providing an exit opportunity to existing shareholders.

Fifty IPOs have been launched in India so far this year, with more than a dozen in August alone, according to data with the Securities and Exchange Board o...