Aman Gupta Turns Up the Volume: boAt Lifestyle Quietly Drops the IPO Beat!

Consumer electronics brand boAt is gearing up for its second attempt at going public. The company plans to confidentially file its draft red herring prospectus (DRHP) for an initial public offering (IPO) in the fiscal year 2025-26. boAt aims to raise ₹2,000 crore through the IPO and is targeting a valuation exceeding $1.5 billion. This move comes after the company withdrew its previous IPO plans in 2022 due to unfavorable market conditions. boAt, which holds a 26.7% market share in India's wearable market, is backed by investors including Qualcomm Ventures, Warburg Pincus, and Fireside Ventures. The confidential filing route will allow boAt to finalize its financials before public disclosure.

 

Source: CNBC-TV18