Upcoming IPO, Sept. 2 -- Imagine Marketing Ltd (boAt), Allchem Lifescience, and Jain Resource Recycling have received final observation by the Securities and Exchange Board of India (SEBI) for launching their initial public offerings (IPOs).

boAt, recognised for its headphones and smartwatches, submitted its IPO application in April via a confidential route. The confidential filing method, launched by SEBI in November 2022, enables companies to privately present their IPO documentation. This strategy assists in safeguarding crucial business details from rivals, offers increased flexibility regarding the IPO timing, and protects companies from early public examination or possible legal issues, according to reports.

The firm, supported by...