boAt set to file confidential IPO papers in FY26, eyes Rs 2,000 cr listing
Bengaluru: Consumer electronics brand boAt is gearing up to submit a confidential Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO) in the financial year 2025-26, sources told CNBC-TV18.
The company aims to raise Rs 2,000 crore through the public listing.
boAt is reportedly considering a valuation exceeding $1.5 billion, though the final figures are yet to be confirmed.
This will be the company’s second attempt at going public after it initially filed for an IPO of the same size in 2022 but later withdrew due to unfavourable market conditions.
Instead, boAt secured $60 million in private funding at the time.
By opting for a confidential DRHP filing, boAt will have the flexibility to finalise its financials and valuation before making the details public.
This approach is increasingly being adopted by companies looking to optimise market timing and regulatory approvals.
As the company moves closer to its public debut, analysts will closely monitor its financial performance and growth strategy in the competitive consumer electronics sector.
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