Aman Gupta, co-founder of boAt, which surpassed Rs. 4,000 crore in sales in FY 2023, spoke about its IPO plans recently. He said the boat will raise from 1.5 to 2 billion dollars by IPO in FY25 to FY 26. In 2023, it completed its fundraising of around Rs. 500 crores from Malabar Investments and Warburg Pincus to fund its expansion plans. Hence, Gupta said that boAt does not need any funds in 2024 but will come out with a huge IPO in 2025 or 2026. With boAt dropping its IPO plan in 2022 after filing DRHP with SEBI, the news of the new IPO will raise its boAt share price, which trades around Rs. 1,300, to yield high profits.
So, check out behind the scenes of boAt looking at IPO in FY-25 – FY-26, eyeing $1.5 to $2 billion to buy boAt unlisted shares from a top online platform to get high returns.
Why is boAt looking for an IPO to raise 1.5 to 2 billion dollars?
The increasing demand for audio wearables and smartwatches in this digitalised world is raising the sales of boAt, a market leader since 2014. With most people having smartphones and watching social media, others need headphones, and a growing health concern is increasing smartwatch sales. And with e-commerce sales, making it easy for people to buy them with a few clicks m, their sales are rapid. It will only increase more in the future as more and more people need such innovative products, which will make boAt under Aman Gupta increase its sales and revenue. Hence, boAt wants to come out with an IPO to raise from 1.5 to 2 billion dollars to expand its business. Though its first attempt in 2022 failed for various reasons, the continuous rise in sales in recent years and the smartwatch business expansion boAt is to come out with its IPO in the financial year 2025 of 2026.
How will the boat IPO plan in FY25 to FY 26 impact its unlisted share?
Though the unlisted boAt share price dropped after the failed IPO attempt in 2022, it bounced back after it raised 60 million dollars or Rs. 500 crores in 2023. IPO or initial public offering enables boAt to raise funds for its expansion plans and allows early investors to get excellent returns. So, Aman Gupta’s announcement that it does not need any funds now but will come out with an IPO in 2025 or 2026 will positively impact its unlisted share price.
Conclusion
The above facts about boAt looking for an IPO to raise 1.5 to 2 billion dollars in the financial year 2025 or 2026 are positive news for its unlisted share price, which will rise in the short and long term as investors buy them from reputed brokers to make huge profits.Stockify is the leading platform for buying unlisted shares, boasting a rich feature set and an intuitive interface. It grants investors access to diverse unlisted stocks, facilitating portfolio diversification with promising private enterprises. Transparent pricing, secure transactions, and expert support underpin Stockify’s commitment to a seamless and reliable investing journey. Whether investing in burgeoning startups or established unicorns, Stockify stands as the preferred destination for acquiring unlisted shares with assurance and ease.
