boAt Files IPO Papers Via Confidential Filing

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SUMMARY

Imagine Marketing, the parent of wearables and audio brand boAt, has filed the draft papers for its IPO via the confidential filing route, the company said in a notice

boAt earlier filed for an IPO in January 2022 with an aim to raise INR 2,000 Cr. The offering included a fresh issue of INR 900 Cr and an offer for sale (OFS) of INR 1,100 Cr by existing shareholders

The company managed to reduce its net loss by over 38% year-on-year to INR 79.7 Cr in FY24, its revenue declined over 7% to INR 3,117.7 Cr from INR 3,376.8 Cr in…



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boAt Files IPO Papers Via Confidential Filing


SUMMARY

Imagine Marketing, the parent of wearables and audio brand boAt, has filed the draft papers for its IPO via the confidential filing route, the company said in a notice

boAt earlier filed for an IPO in January 2022 with an aim to raise INR 2,000 Cr. The offering included a fresh issue of INR 900 Cr and an offer for sale (OFS) of INR 1,100 Cr by existing shareholders

The company managed to reduce its net loss by over 38% year-on-year to INR 79.7 Cr in FY24, its revenue declined over 7% to INR 3,117.7 Cr from INR 3,376.8 Cr in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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