The issue size of the Boat IPO is ₹2,000 crore with fresh issue of ~₹ 900 crore & Offer For Sale of ~₹ 1,100 crore.
Boat is India’s digital-first brand in terms of revenue. Its is an electronics and lifestyle brand and has quickly become one of leading brand in audio wearables and smart accessories. It is positioned well in Indian market and among youth it is famous as a stylish yet affordable brand.
Subscription date to apply for Boat is not yet disclosed, but it is expected to be open for subscription by mid Oct’25. The price range is also not disclosed yet. Exact dates might change.
Early Stage Funding status of Boat ( Founder details)
boAt has raised a total of $176.23 million across 8 funding rounds since 2016.
Managing Director – Mr. Vivek Gambhir
Aman Gupta – Co-founder & Chief Marketing Officer.
Sameer Mehta – Co-founder & Chief Product Officer
Revenue , PAT, EBITDA for Boat IPO
| Year | 2024 |
| Networth | ₹ 519 |
| Revenue: | ₹ 3,117 |
| EBITDA | ₹ 107 |
| PAT | -₹ 79 |
| EBITDA Margin: | 3.4% |
| PAT Margin | -2.6% |
Boat Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2022 | ₹ 2,886 | ₹ 68 | ₹ 2,873 | ₹ 728 |
| 2023 | ₹ 3,285 | ₹ -129 | ₹ 2,152 | ₹ 598 |
| 2024 | ₹ 3,122 | ₹ -79 | ₹ 1,705 | ₹ 519 |
Core Offerings & Store/Plant location
Boat dominates the market with its variety of products like wired earphones, headphones, bluetooth speakers, wired headphone, wireless headphones, home theatre systems. Boat also dominates the smartwatch market in India. It also manufactures gaming specific accessories like mouse, keyboards, and wired & wireless gaming headphones.
Boat has its widespread network spread across India at 1000+ locations. Boat services its customers mostly via online mode and is widely and popularly available on all online shopping platforms with its own delivery on its platform.
Boat IPO Strengths & Risks
Strengths:
> One of India’s largest player in the category with strong position hold across multiple product categories
> Online presence across India, with a strong brand image “Boat”, and focusing on young customers
> Strong product hold on multiple SKU’s brand like Rockers, Airdopes, Stone
> Smart make in India move by partnership with Dixon technologies for manufacturing.
Risks:
> Operates in a very competitive industry with big and established players in the market
> Highly dependent on two major product in audio & wearable category.
> Dropping assets value for past three years
> Decline in networth value
> Newly established manufacturing set up might require more capital with time (depending upon expansion),any fluctuation in demand might impact adversely.
Boat IPO: date & invest detail
| IPO Open Date: | Oct-25 |
| IPO Close Date: | – |
| Anchor Investor Bidding | – |
| IPO Allotment Date: | – |
| Refunds & Demat Credit | – |
| Tentative Listing Date: | – |
| IPO Category | ENTERPRISE |
| Symbol | – |
| Face Value: | Rs.10 per Equity Share |
| Issue Size: | ~ ₹ 2,000 Cr |
| Lot Size: | – |
Boat IPO Composition & Proceeds
| Fresh Issue | ~₹ 900 crore |
| Offer for Sale | ~₹ 1,100 crore |
| Employee reservation | – |
| Price Range | – |
| Use of Proceeds: | – |
| Infrastructure | – |
| Office lease Payments | – |
| Marketing | – |
| Debt repayment + general corporate purposes | ~₹ 900 Cr |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≤ 50% |
| NII Quota: | ≥ 15% |
Boat IPO Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | – |
| Retail (Max) | – | 13 | – | – |
| Small HNI (Min) | – | 14 | – | – |
| Small HNI (Max) | – | 66 | – | – |
| Big HNI (Min) | – | 67 | – | – |
Boat IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| – | – | – | – | – | – |
| – | – | – | – | – | – |
| – | – | – | – | – | – |
Boat IPO Promoters – Pre offer equity (Approx)
| Aman Gupta + Sameer Mehta | 53-56% |
| South Lake Investment (Warburg Pincus affiliate) | ~36% |
| Qualcomm Ventures | minority stake |
| Malabar Investment Advisors | minority stake |
To visit official website of Boat click here
For more amazing articles click here