BoAt IPO
IPO Details Status: Upcoming
Docs DRHP View Subscription :_______
To be announced" (TBA)
Bidding Dates TBA | Minimum Investment ₹--- / -- Lot (--- Shares) | Price Range ₹---- ₹--- |
Listing Gain ₹_____ | Fresh Issue Offer for Sale --- Cr ---Cr | Issue Size ₹2000.00 Cr |
Face Value ₹ -- | GMP --- | Listing AT NSE,BSE |
IPO Timeline
IPO Opening Date TBA | IPO Closing Date TBA | Basis of Allotment TBA | Initiation of Refunds TBA | IPO Listing Date TBA |
BoAt Subscription Details
Date | QIB | NII | Retail | Total |
| - | ||||
| - | ||||
| - |
BoAt IPO Reservation
Investor Category | Shares Offered |
QIB Shares | 75% |
Retail Shares | 10% |
NII (HNI) Shares | 15% |
BoAt Financial Information (In Rs. CR.)
Period Ended | 31-03-2021 | 31-03-2020 | 31-03-2019 |
| Revenue | 1313.71 | 609.10 | 225.80 |
| Profit After Tax | 86.50 | 47.70 | 8.03 |
About BoAt
Despite the concerns of his family, Aman Gupta partnered with Sameer Mehta to develop the boAt brand back in 2013. And boAt became one of the most well-known domestic audio brands in India as a result of Gupta's strategy.
The company that owns and runs the boAt brand, Imagine Marketing, has experienced a sharp increase in popularity since its founding. As of September 2021, boAt really had a 48% market share in India's branded wireless hearables and a 23% market share in the wristwatch sector. As a result, it is the top brand of wireless headphones and the second-leading brand of smartwatches in India.
This rapidly expanding consumer goods company that prioritizes digital technology is now prepared to access the stock markets via an initial public offering (IPO). In addition to being a new issue, the boAt IPO will also be an offer for sale. Repayment of debt and other business needs will be covered by the funds acquired from the new boAt Ltd IPO.
BoAt IPO Objectives
The following are some of the goals that boAt hopes to accomplish with the money raised from this IPO:
Increase visibility by engaging in a variety of lifestyle pursuits.
To keep making investments and grow the brand further.
Boost marketing capabilities to expand your customer base.
Develop strong technical, design, research, and development skills
BoAt IPO: Strengths
Here are the reasons why an individual should subscribe to the boAt IPO :
In addition to its flagship boAt brand, the corporation owns brands like DEFY, TAGG, Misfit, and RedGear.
Offers goods with a distinct value proposition at reasonable prices while maintaining a high standard of quality.
Has major investors like Qualcomm, Warburg Pincus, and Fireside Ventures behind it.
Its profit and revenue increased at a compound annual growth rate (CAGR) of 228% and 141%, respectively, between FY19 and FY21.
Introduced 45 and 77 new goods in the first half of FY22 and FY21, respectively.E
xpanded the firm by mostly using online marketplaces to sell goods. Its digital-first strategy allows it to serve more than 90% of India's pin codes.
Approximately 83% of revenues in the first half of FY22 came from online marketplaces.
BoAt IPO: Risks
BoAt's customers don't show much commitment to the brand. Market share may be lost by new companies who offer high-quality goods at comparable or cheaper costs.
Both the company's ability to secure promotions with online marketplaces and the algorithms used by these venues have a significant impact on brand visibility. If the business stops being present in these locations or has serious problems with them, revenue will suffer.
The bulk of this company's products are produced abroad, with recent moves to Vietnam and India. Changes in import tariffs, supply-chain problems, and fluctuations in foreign exchange rates continue to be hazards to the business.
To make its products, the business must rely on a number of outside suppliers.
How To Apply for BoAt IPO Online?
Click and Login to Your Angel One Account : Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Laxmi Dental IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How to Check IPO Allotment Status
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Important Link
BoAt IPO allotment status
