Aman Gupta-led boAt is ready to make some noise on the stock market.
India’s homegrown audio and wearable brand is powering forward with plan of an IPO of up to 500 million dollars, set to make waves in the market by the next financial year.
After pausing its initial filing plan in 2022, boAt’s back on course with ICICI Securities, Goldman Sachs, and Nomura in its corner. Sources suggest the company is aiming for a valuation above 1.5 billion dollars!
Founded in 2015 by Aman Gupta and Sameer Mehta, boAt has become the big fish in India’s wearables market, commanding a solid 26.7% share as of Q2 2024.