boAt, the famous audio and wearable brand, is again in the limelight for its IPO. Why? Because the company is planning to release its IPO in the FY 25-26 timeframe. boAt has always been in the headlines, sometimes for its smart audio wearable products, smart ring, or sometimes for its pre-IPO stocks or IPO. This is the most enticing thing that attracts potential investors the most about investing in boAt pre-IPO shares.
The company is carried under a legal name, Imagine Marketing Services Ltd., incorporated in 2013, while boAt is a household name. boAt is not yet listed on the Stock Exchange and is looking to get publicly listed in FY 25-26. Let’s talk about boAt’s IPO plans for FY 25-26 in detail in this blog. Stride along with us.
boAt To Launch Its IPO In FY 25-26
Audio and wearable brand boAt previously deferred its public share sale plan amidst the stock market volatility and is “not in a hurry” to go public soon. The co-founder of boAt, Aman Gupta, said, “We’re looking at FY25-26 timeframe for IPO.” In a chat with PTI on wide-ranging issues, Aman said that their startup is well-capitalised for the time being. He also said there was a time when startup IPOs were in fashion, but then the market turned choppy.
Aman also stated, “We don’t need to go for an IPO, as such. We can do that after a few years also… So, maybe FY25-FY26 is what we’re looking for… We’re not in a hurry to list, boAt’s listing is definitely not this year.”
In October last year, the company raised Rs. 500 crore through funding from existing shareholders, Warburg Pincus Affiliates, and new investor Malabar Investments. The cherry on the cake is that the company made a net sales milestone of Rs. 4,000 crore in FY23.
Aman Gupta’s Views On Stock Market
Aman Gupta, co-founder of boAt and the famous one of the judges in Shark Tank in India, became a household name. He was among the invitees to an official delegation during Prime Minister Narendra Modi’s recently successful visit to Paris.
It was an Indo-French Forum where he spoke about entrepreneurship in India and gave insights into boAt’s success story as the epitome of immense opportunities in the country. Speaking about the fundraising before the company goes public, Gupta said that while the startup is not presently in need of funds, the decision depends upon the company’s growth aspirations and market conditions. He also acknowledged that they might consider additional fundraising on the basis of the company’s position and ambition. He said that currently, the company is well-funded.
As per Gupta, listing on the stock market is crucial for startups to provide an exit to early investors. He also says that it is not a choice but a fiduciary duty towards potential investors. Also, the timing of the IPO depends upon the company when it is appropriate.
Why boAt Withdraw Its IPO Previously?
In January 2022, boAt filed a Draft Red Herring Prospectus (DRHP) with a plan to raise Rs. 2000 crore through an IPO. But after 12-18 months, the company withdrew its IPO to raise Rs. 500 crore. The reason the company suggested delaying its IPO is that it wants to focus on expanding its business operations. The company’s withdrawal of IPO significantly impacted boAt unlisted share price.
Future Plans Of boAt IPO
boAt is undoubtedly a prominent wearable electronic brand, marketing its products via public events and collaboration with influencers and sports teams like Cricket. The company plans to expand its market by reaching a valuation of $1.5 to $2 billion via IPO. The company’s IPO objectives include increasing market capabilities to gain a greater consumer base, building strong designs, research, development, and tactical capabilities in products, continuing investing, taking the brand to new heights, etc. With the launch of boAt IPO, the boAt share price NSE will significantly witness a fluctuation.
If you want to expand your portfolio or gain a high return on your investment, buy pre-IPO stocks or boAt unlisted shares. Undoubtedly, boAt is a well-established company with a worldwide presence in the market. The company has been growing tremendously, so investing early in boAt unlisted shares will give you a flabbergasting return on your investment. Speak to expert brokers at Stockify to start your trading seamlessly.
Is boAt an Indian company?
Ans. Yes, boAt is an Indian electronic brand with smart gears and audio-focused wearables. The company was incorporated by Aman Gupta and Sameer Ashok Mehta. The products of the company are manufactured in China, but the designs are created in India itself.
What is the total valuation of boAt?
Ans. The valuation of the company stood at Rs. 2,200 crore after raising Rs. 50 crore from a tie-up with Qualcomm Ventures in April 2022. After this, the company made a move to release its IPO with a higher valuation.
Is it profitable to invest in boAt pre-IPO shares?
Ans. Since its inception in 2015, the company has been quite profitable, with surging revenue every year. In 2021, the company’s profit increased from Rs. 48.8 crore to Rs. 78.6 crore in 2021, a 61% surge. So, it is a profitable company to invest in and claim high returns as well.
Who are the investors in boAt?
Ans. Warburg Pincus, Qualcomm Ventures, and Innoven Capital are the prominent investors in boAt.
How do I invest in boAt unlisted shares?
Ans. It is easy to buy boAt unlisted shares with Stockify. We have a team of expert brokers who can guide you through the buying and selling pre-IPO stocks. Connect with us to make your trading seamless.