boAt Files Updated DRHP For INR 1,500 Cr IPO

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SUMMARY

The public offering will comprise a fresh issue of equity shares worth up to INR 500 Cr and an OFS component of up to INR 1,000 Cr

Investor and promoter South Lake Investment will offload shares worth up to INR 500 Cr

While cofounder Aman Gupta will sell shares worth up to INR 225 Cr, Sameer Mehta will offload shares worth up to INR 75 Cr

Consumer electronics startup boAt’s parent Imagine Marketing has filed its updated draft red herring prospectus (UDRHP) with SEBI for up to INR 1,500 Cr IPO. 

The Bengaluru-based…



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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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boAt Files Updated DRHP For INR 1,500 Cr IPO


SUMMARY

The public offering will comprise a fresh issue of equity shares worth up to INR 500 Cr and an OFS component of up to INR 1,000 Cr

Investor and promoter South Lake Investment will offload shares worth up to INR 500 Cr

While cofounder Aman Gupta will sell shares worth up to INR 225 Cr, Sameer Mehta will offload shares worth up to INR 75 Cr

Consumer electronics startup boAt’s parent Imagine Marketing has filed its updated draft red herring prospectus (UDRHP) with SEBI for up to INR 1,500 Cr IPO. 

The Bengaluru-based…



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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