BoAt parent files DRHP to SEBI for Rs 2,000 crore IPO

The company was established in 2016.

In this IPO of Rs 2000 crores, there is a fresh issue of Rs 900 crores and there is an offer for sale of 1100 crores.

In the OFS of 1100 crores, South Lake Investment limited will sell shares worth 800 crores.

And the same founders Aman Gupta and Sameer Mehta will also sell shares worth 150 crores each (total 300 crores).

The company’s founders Sameer Mehta and Aman Gupta both currently own a 28.26% stake each.

The BoAt has established a leading market position in the high growth consumer category such as audio and wearable.

In 2021, 96.01% of the company’s total revenue came from the audio category and 3.99% from the other category.

At the same time, the revenue contribution of the wearable segment has reduced from 14.05% in 2019 to almost negligible in 2021.

The maturity portion of the company’s sales comes from online marketplaces such as e-commerce platforms and BoAt’s own website.

The online marketplace accounted for 85.84% of the company’s total sales in 2021.