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…