CosmicTaco

boAt's Confidential IPO Filing Sparks Interest

CosmicTaco · 2025-04-09T11:20:35.564179+05:30

- Imagine Marketing, parent company of boAt, filed draft IPO papers confidentially. - The confidential filing route was chosen under SEBI regulations. - Initial IPO filing aimed to raise INR 2,000 Cr in January 2022. - Company reduced net loss by 38% YoY to INR 79.7 Cr in FY24. - Revenue declined by over 7% to INR 3,117.7 Cr from INR 3,376.8 Cr in FY23. Source: [Inc42](https://inc42.com/buzz/boat-files-ipo-papers-via-confidential-filing/)

Imagine Marketing, parent company of boAt, filed draft IPO papers confidentially.
The confidential filing route was chosen under SEBI regulations.
Initial IPO filing aimed to raise INR 2,000 Cr in January 2022.
Company reduced net loss by 38% YoY to INR 79.7 Cr in FY24.
Revenue declined by over 7% to INR 3,117.7 Cr from INR 3,376.8 Cr in FY23.

Source: Inc42