The company is planning to launch its IPO in the year 2026 with an amount of ₹2,000 crore. Although exact numbers are still pending, the boAt might ask for a price of more than $1.5 billion.
This is not the first attempt by them, previously in 2022, the company filed a drhp to launch its IPO for ₹2000 crores, however, withdrew the document due to the unappreciated market condition, and instead raised $60 million in private funding. Now, they made a second attempt to launch its IPO in the upcoming year of 25-26.
Incorporated in November 2013, the flagship brand “BoAt” launched in 2014, boAt is one of the leading electronics-based brands in India renowned for providing high-quality and affordable electronic products such as headphones, earphones, earbuds, and wireless speakers The boAt is one of India’s digital-first leading companies known to offer the best quality electronics products at an affordable price range. They have become one of the growing companies in terms of providing smart wearables and accessories, and also planning to grow their company in the future by attracting new customers with the help of effective branding, advertising, and consumer engagement.
Qualcomm Ventures, Innoven Capital, Warburg Pincus, and Fireside Ventures are some of the major investors of the company. Aman Gupta (CMO) and Sameer Mehta (CEO) are the co-founders of the boAt company.
As of the second quarter of 2024, its market share in India’s wearables market is 26.7%. Over the years, the company has shown a strong market presence and still planning to gain more interest from institutional and retail investors as well.
It is high time the company plans its financials and valuation details before filing its draft papers to the SEBI. The analyst will look closely into the financial conditions and growth performance of the company, and will look at how it grows in this competitive electronics market.
