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BoAt Plans Confidential DRHP Filing for IPO, Aims to Raise Rs 2,000 Crore

OutlookIndia

OutlookIndia · 5m ago

BoAt Plans Confidential DRHP Filing for IPO, Aims to Raise Rs 2,000 Crore

BoAt, a consumer electronics company, plans to confidentially file its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO), aiming to raise Rs 2,000 crore in FY26. The company, co-founded by Aman Gupta, seeks a valuation exceeding $1.5 billion but hasn't confirmed final figures. Previously, BoAt withdrew IPO papers amid unfavorable market conditions. The company's revenue fell 5% in FY24 to Rs 3,285 crore, yet losses decreased to Rs 70.8 crore.

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boAt plans ₹2,000 crore IPO via confidential filing route: Report

Inshorts · 5m ago

boAt plans ₹2,000 crore IPO via confidential filing route: Report

Consumer electronics brand boAt plans to file a confidential draft red herring prospectus (DRHP) to raise ₹2,000 crore through an IPO, CNBC-TV18 reported. The company may seek a valuation exceeding $1.5 billion, but the final figures can still change, the report said. In 2022, boAt withdrew its IPO filing due to unfavourable market conditions.

Aman Gupta Led boAt’s Parent Company Files for IPO Again via Confidential Filing

OutlookIndia

OutlookIndia · 4m ago

Aman Gupta Led boAt’s Parent Company Files for IPO Again via Confidential Filing

Imagine Marketing, parent of the boAt brand, has filed for an IPO through SEBI's confidential pre-filing process. This is their second attempt after a January 2022 filing. The confidential filing allows the company to keep details private initially. The previous filing sought to raise Rs 2,000 crore. boAt co-founder Aman Gupta highlights the importance of having a product-market fit before unnecessary spending, advising startups to prioritize product development and customer needs.

Shadowfax files confidential prospectus for its IPO - The Economic Times

Economic Times

Economic Times · 1m ago

Shadowfax files confidential prospectus for its IPO - The Economic Times

Shadowfax, a hyperlocal logistics company backed by Flipkart, has filed a confidential draft red herring prospectus for its IPO, aiming to raise Rs 2,000-2,500 crore, with about half in primary shares. This strategic filing allows Shadowfax to gauge investor interest and refine its IPO plans. The company, which reported Rs 1,885 crore in operating revenue for fiscal year 2024, plans to use the funds to enhance quick-delivery services, noting improved business economics and increasing market traction.

Boat’s parent Imagine Marketing files for IPO; eyes valuation of over $1.5 billion

Economic Times

Economic Times · 4m ago

Boat’s parent Imagine Marketing files for IPO; eyes valuation of over $1.5 billion

Imagine Marketing, owner of consumer device maker Boat, has filed draft IPO documents with India's SEBI using a confidential route. The company previously planned a Rs 2,000 crore IPO in 2022 but paused due to market conditions, opting instead for $60 million in private funding. Now, it prepares for a $300-500 million IPO, aiming for a valuation over $1.5 billion. Under SEBI's pre-filing scheme, details remain undisclosed until a more final decision.

Grapevine: PhysicsWallah, Apax Partners, Supertails, 10Club, Deep Rooted in news

VCCircle

VCCircle · 4m ago

Grapevine: PhysicsWallah, Apax Partners, Supertails, 10Club, Deep Rooted in news

Edtech unicorn PhysicsWallah plans to raise Rs 4,600 crore through an initial public offering (IPO) via a confidential pre-filing route. The IPO will include a fresh issue of shares and an offer for sale by existing investors.

boAt files draft red herring prospectus via confidential route

Entrackr

Entrackr · 4m ago

boAt files draft red herring prospectus via confidential route Consumer electronics brand boAt has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential filing route. The pre-filing mechanism, introduced in 2022, allows companies to submit their DRHP exclusively to SEBI, keeping the document confidential until they finalize their IPO plans. The initiative aims to provide greater flexibility and privacy to firms preparing for a public listing. Founded by Aman Gupta and Sameer Mehta, boAt focuses on affordable, stylish, and high-quality audio products, wearables, and accessories. The brand drives sales through online marketplaces like Amazon and Flipkart, its own website, and maintains a strong offline presence across retail stores. boAt has raised over $170 million to date, including a $60 million round led by Warburg Pincus and Malabar Investments in 2023. According to startup data intelligence platform TheKredible, Warburg Pincus is the largest external stakeholder, followed by Fireside Ventures and Qualcomm. During the fiscal year ended March 2024, boAt’s scale reduced by 5% to Rs 3,122 crore, compared to Rs 3,285 crore in FY23. However, the company managed to cut its losses by 47% to Rs 53.5 crore during the same period. India’s wearable market declined 20.7% year-on-year to 38 million units in Q3 2024, marking a second consecutive quarterly drop, according to IDC. The decline was driven by fewer product launches and cautious inventory management, despite the festive season. Notably, the average selling price rose by 1.3% to $21.3—the first increase since Q2 2019.

Wearables brand Boat's shareholders clear IPO plan; company to raise Rs 500 crore in fresh capital

Economic Times

Economic Times · 5m ago

India’s leading wearables brand, Boat, plans to file an IPO prospectus after shareholder approval, aiming to raise Rs 500 crore in fresh capital. This move follows its halted 2022 IPO attempt. Parent company, Imagine Marketing, received shareholder approval for the IPO plan. Boat's total IPO size may range Rs 2,000-2,500 crore, contingent on market conditions. Despite economic pressures and a 5% revenue decline, Boat retains a 25.7% market share in India's wearables market.

Shadowfax to file IPO papers under confidential route - The Economic Times

Economic Times

Economic Times · 1m ago

Shadowfax to file IPO papers under confidential route - The Economic Times

Shadowfax, a hyperlocal logistics startup, plans to file for an IPO under a confidential route with Sebi. The IPO aims to raise between Rs 2,000-2,500 crore, with half from fresh shares, potentially valuing the company at Rs 5,500-6,000 crore. The funds will mainly support its quick commerce segment. Shadowfax, offering rapid delivery services, reported operating revenue of Rs 1,885 crore in FY24, marking a 33% growth, and turned operationally profitable.

Logistics firm Shiprocket to raise Rs 2,500 Cr for its IPO

YourStory

YourStory · 2m ago

Logistics firm Shiprocket to raise Rs 2,500 Cr for its IPO

Gurugram-based Shiprocket plans a confidential draft paper filing with SEBI for an IPO to raise Rs 2,000–2,500 crore. The IPO will include a fresh issue and offer for sale by current shareholders. Funds will support product development, tech upgrades, acquisitions, and logistics expansion. Shiprocket, supported by Temasek and Zomato, has evolved from a shipping aggregator to a D2C and small business enabler. Recently, it launched India's first AI-integrated model context protocol server to enhance autonomous digital commerce.

Shiprocket to soon file confidential prospectus for Rs 2,000-2,500 crore IPO

Economic Times

Economic Times · 2m ago

Shiprocket to soon file confidential prospectus for Rs 2,000-2,500 crore IPO

Zomato-backed Shiprocket plans to file a confidential draft prospectus with Sebi for a Rs 2,000-2,500 crore IPO. The ecommerce logistics firm aims to raise Rs 1,000-1,200 crore in fresh capital. Shiprocket has grown 20-25% in FY25 despite a challenging ecommerce landscape, serving mostly tier-II and tier-III cities. It has expanded its focus to payments, cross-border shipping, and quick commerce while acquiring several companies. The IPO is being managed by Axis Capital, Kotak Mahindra, JM Financial, and Bank of America.

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