New Delhi: Consumer electronics brand BOAT is preparing to bring its IPO. For this, the company is planning to file Confederal Draft Red Herring Prospects (DRHP). The company is planning to raise Rs 2000 crore through this IPO. According to media reports, the valuation of the electronics brand may exceed $ 1.5 billion, although the final figures have not been fixed yet. The company is trying to bring an IPO for the second time. Even before this, the boat has tried to bring an IPO.

Please tell that this is the second IPO effort of the boat. Earlier, the company applied for an IPO of Rs 2000 crore in 2022. However, the company withdrew its applications due to the unavitated market conditions. At that time, instead of proceeding with listing, BOAT had opted to raise $ 60 million (about Rs 520 crore) through private funding.

26.7 percent stake in wearable market in 2024

कंपनी की स्थापना 2013 में हुई थी और 2014 में इसने अपना फ्लैगशिप ब्रांड लॉन्च किया था। By the second quarter of 2024, the company had a 26.7 per cent stake in India's wearable market. According to the report, in the second half of 2024, the audio segment saw stability, but the brand achieved great success in online sales.

The company gets support from major investors

कंपनी को Qualcomm Ventures, InnoVen Capital, Warburg Pincus और Fireside Ventures सहित प्रमुख निवेशकों का समर्थन प्राप्त है। Due to its strong market appearance and support of investors, BOAT's IPO can be seen to be interested in institutional and retail investors.

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The DRHP filing will allow Boat to finalize its financial and valuation details before they are made public. This is a step that is being adopted rapidly keeping in mind the market timing and regulatory approvals.