boAt looking at IPO in FY25-FY26; definitely not listing this year, says co-founder Aman Gupta
Audio and wearables brand boAt, which had earlier deferred its public share sale plans amid stock market volatility, is “not in a hurry” to go for a listing, and is looking at FY25-FY26 timeframe for the IPO
On whether boAt will look at another round of capital raise before listing, Gupta said while the startup is not in need of funds per se, a lot will depend on how things move, and its own growth ambitions.
In October last year, Imagine Marketing, the parent company of boAt raised Rs 500 crore from existing shareholder, a Warburg Pincus affiliate, and new investor Malabar Investments.
It is pertinent to mention that boAt clocked a net sales milestone of Rs 4,000 crore in FY23.
